How much have done in May as performance so far ?

[rb7]

Up 30K today

Japanese Yen?

 

[murray t turtle]

You are right. But I needed to make a point. There are endless variations possible if you include risk metrics too. The opinions are very divided when it comes to measure risk, which one is best to ask. But you can make another poll with some risk metrics included too. I will look that I participate then too.
But a 2 weeks period is not meaningless if you trade much. For a ..... daytrader and short term But if you are not profitable every month usually then this poll is not for you.

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Good points TrendAndy but he had better points,YTD
%%
Believe it or not+ i did not believe it @ first, because its not much of a %sample , compared to monthly close
IBKR changed the measuring period one calender year\
monthly calender same days\
but instead of standard 4 or more grid lines[weekly]
they used 2 lines +2 weeks only per IBKR calender line .

Example MAY 2023 has 5 grid lines/weeks;
so IBKR , talking thier book, wanting more bid \ask + or comissions for 2 weeks. LOL but good points anyway- with thier unusual grid line calender.

 

[2rosy]

Would a lottery winner be considered a great trader?

 

[Handle123]

Total waste of time, if you started $1500 account, it goes to $3000 trading one lot in OJ is 100%, try swinging much larger numbers in OJ and it can't be done.

 

[TrAndy2022]

Would a lottery winner be considered a great trader?

If you repeated the lottery win every day then maybe. But one hit wonder does not make you consistent profitable. The 2 week May period is just meant as a snapshot of consistent profitable traders as most Elitetraders are referring to the former polls. If you just made a lucky punch with 1 good trade only this May, you should not vote. Keep it simple and do not overthink that.
And for me a performance of 100% within 2 weeks is usually a sign of too much risk, as you cannot hold that performance. If you did it for 2 years you would 2*24 = ca. 16 Million times your inital deposit, which is not possible for all trading strategies. If you double 2 times every month you cannot hold that for long, so I really wonder myself and I ask in the round, do you consider that as pure gambling or what do you think on that performance number ? Maybe those persons in the actual poll had just been very lucky with their recent trades but even then there must be too much risk involved in my opinion. I mean what kind of drawdown you can have or expect with more than doubling your account on every month ? But all in all it is not totally impossible on the other side. Interpreted this kind of +100% performance on 2 weeks in Sharpe Ratio would mean something like a ratio of 7 and higher. That would be as good as Jim Simons his Rentec fund in his better time periods.
Last just to give it in the round as one more input in the discussion. I had no more than ca. 6% drawdown (as peak to valley drawdown, I had no drawdown on initial amount, because my first trades this month were all winners and bigger wins) when I achieved this +20% so far in May here. For myself this is a reasonable relation, but I might hear other opinions here, especially about the involved risk when some (stellar) returns are achieved. Let us discuss little bit. Thanks.

 

[murray t turtle]

Would a lottery winner be considered a great trader?

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LOL\ not @ all, nor would i consider$700,000,000 or $150 million on a movie made / The Sting,a good trade .
Would i consider a lotto gov seller a good trader?. No also \ thats also a stupid tax on people that cant do math.
But a related pattern Pop top pattern 1974 song ''Nothing from Nothing Leaves Nothing/3.4 million video views,a good trade in US dollars
May sound fake 80% net on 100% gross , metals trade except i disclosed its Low volume.
Do i consider a 30% very good , very consitent winnings, year after year which is more than most stock funds SPY11% benchmark, a good trade Not if its made on a lotto or hi risk whisky sales.
IF its made in guns ammo, oil business or tobacco , no problem, i dont put any of that in my mouth.[EDIT that'$ me , light sweet crude TX Tea they say\ tasted a bit sweet /LOL]

 

[murray t turtle]

Total waste of time, if you started $1500 account, it goes to $3000 trading one lot in OJ is 100%, try swinging much larger numbers in OJ and it can't be done.

%%
Good points/ i had not though of that one latelyAll most , amazing close to100 %net
Some make 70%, sometimes better trades in a juice bar
Larry mint Hite made more once / than a juice bar , but prayed once+ that was a one time or one year/+coffee deal LOL He later admitted he could have lost it all\
+ was half blind\
+ran into walls so he was advantaged in high%% failure.

 

[TheDawn]

Would a lottery winner be considered a great trader?

Depending on what kind of lottery he's won and for how much.

 

[Laissez Faire]

But a 2 weeks period is not meaningless if you trade much. For a scalper, daytrader and short term swing trader this is already a meaningful period. Of course for position traders it would be meaningless but that was not asked in the poll. Most traders here are also short term traders when I asked it on previous polls (last year) so the 2 week period is something to consider, this is also because most are profitable within a month in average or even in shorter time periods.

Respectfully, I disagree. 2 weeks is a way too small sample size to infer anything even for a short term trader. I should know, as I've had extended periods in the past where I've done very well only to run into trouble (drawdown) in the coming weeks for various reasons.

So far for May I'm about flat after a drawdown from equity highs. April was + 54 %. Piker account. Futures. And certainly risking more than 2 % per trade.

Let's resurface this thread by month end and see the results then...

 

[newwurldmn]

If you repeated the lottery win every day then maybe. But one hit wonder does not make you consistent profitable. The 2 week May period is just meant as a snapshot of consistent profitable traders as most Elitetraders are referring to the former polls. If you just made a lucky punch with 1 good trade only this May, you should not vote. Keep it simple and do not overthink that.
And for me a performance of 100% within 2 weeks is usually a sign of too much risk, as you cannot hold that performance. If you did it for 2 years you would 2*24 = ca. 16 Million times your inital deposit, which is not possible for all trading strategies. If you double 2 times every month you cannot hold that for long, so I really wonder myself and I ask in the round, do you consider that as pure gambling or what do you think on that performance number ? Maybe those persons in the actual poll had just been very lucky with their recent trades but even then there must be too much risk involved in my opinion. I mean what kind of drawdown you can have or expect with more than doubling your account on every month ? But all in all it is not totally impossible on the other side. Interpreted this kind of +100% performance on 2 weeks in Sharpe Ratio would mean something like a ratio of 7 and higher. That would be as good as Jim Simons his Rentec fund in his better time periods.
Last just to give it in the round as one more input in the discussion. I had no more than ca. 6% drawdown (as peak to valley drawdown, I had no drawdown on initial amount, because my first trades this month were all winners and bigger wins) when I achieved this +20% so far in May here. For myself this is a reasonable relation, but I might hear other opinions here, especially about the involved risk when some (stellar) returns are achieved. Let us discuss little bit. Thanks.

Two weeks is meaningless. 4 months is meaningless.