How much did it take to become more or less consistent for you?

[themickey]

Why isn't it possible to do more than one thumbs up on a post....

GAT

 

[TickSeeker]

I still worry each day will be my last.

It's our recorded subsconcious mind which does it but can be reprogrammed. There is so much shit in there coming from the past which makes human a worst possible thing to be a trader.

 

[ironchef]

The one good thing about the thread referenced above was that it immediately elicited opinions from some of the board's leading imbeciles.

Glad to know I am finally a leader on ET: Leading imbecile.

Happy holiday to you and your family.

 

[ironchef]

In my opinion, anyone who considers themselves consistently profitable is going to soon learn they aren’t in a big way.

I’ve been trading for 18 years and likely earned more than 99percent of this forum. I still have drawdowns (which can go for months at a time) and I still worry each day will be my last.

Thank you for making me feel a lot better knowing even professionals have drawdowns. I still have nightmares about 2000-03 and 2007-09. Good thing I was too stupid to quit.

 

[ironchef]

that was dell windows desktop. i then converted them to linux machine. i bought dell desktop instead of linux server because it was cheaper. each dell precision costed around $400. I did not realize i was doing AI at that time since it was natural to go that way. until now, i suddenly found I was quite ahead of time than most of funds on wall street in machine learning field. unfortunately, I did not push hard enough along that road. I found a working strategy and stopped dug further, and totally dedicated my last decade to another road of strategy development. after I have completed current project, I will go back to the machine learning stuff I started in 2004 with some new ideas to implement.

Thank you for the explanations.

 

[Slope Trader]

If you're curious the average % returns, and in $ for the best accounts on FS are:

5.9% on $340K $20k a year, with 4% vol
6.9% on $400K $28k a year, with 2.6% vol
29% on $$180K $52k a year, with 9.9% vol
7.4% on $4.6m $340k a year, with 2.4% vol
44% on $576K $250k a year, with 17% vol

So it's certainly possible to rank more highly even if you're running a reasonable amount of risk (traders 3 and 5). The other traders here are running risk that is low even by institutional standards....
GAT

Thank you, those numbers are great food for thought about what success can look like for different traders.

Wish you and your family a great Thanksgiving holiday.

 

[globalarbtrader]

Thank you, those numbers are great food for thought about what success can look like for different traders.

Wish you and your family a great Thanksgiving holiday.

If curious, my own figures are:
23.4% on $605K $142k a year with 19.4% vol

We don't do Thanksgiving in the UK, but thanks for the sentiment.

GAT

 

[newwurldmn]

It's our recorded subsconcious mind which does it but can be reprogrammed. There is so much shit in there coming from the past which makes human a worst possible thing to be a trader.

No. It’s the realization that markets can change faster than you can adjust (assuming you can even adjust to the change).

 

[TickSeeker]

No. It’s the realization that markets can change faster than you can adjust (assuming you can even adjust to the change).

This is just only what may and will happen.

But why do you worry and be afraid is the question. There is no reason for that.

Because it comes from learned habits in your subconscious mind. No matter how hard you decide to not to worry about but you still do it until you can/learn to reprogram things in there. This hidden mind is an extremely powerful thing in you and controls normally over 90% of your daily life.

 

[ironchef]

If curious, my own figures are:
23.4% on $605K $142k a year with 19.4% vol

We don't do Thanksgiving in the UK, but thanks for the sentiment.

GAT

Your record is better than 95% of hedge funds.