Seems on T2W Howard claims he's lost 8%.
Now all that remains to be seen is the discussion on what his 8% is based on.
He has 20% of his pot allocated to this strategy.
The strategy returns 10% per month of 'risk capital'. No simple method of returns calculation for HC. Obfuscation is the name of the game. So....
Let's presume a $100k total portfolio.
- $20k allocated to spreads.
- $2k per month revenue from the spread strategy.
- R:R is average 25:1 on any individual spread trade.
So - is the 8% loss based on his total portfolio or on the 20% he allocates to the strategy?
Given the R:R, I'd say most likely is he's done 8% of the $100k as opposed to 8% of the $20k.
Also on T2W he states:
"I should have lost less. I did not build my cash reserves up fast enough (as I was in the process of doing) so that my circuit breaker could not fire properly. I had to unwind other spreads to generate the cash. This let one of the spreads speed past my trigger point. That hurt. Lesson learned. "
So this does show that he is 100% invested in spreads at any one time and that he had insufficient funds to unwind the position.
Howard is licking his wounds on T2W and telling people they aren't worthy of replies if they don't have their own journals. Under pressure his persona breaks down somewhat and a mean streak shows itself.
My sympathies to his students. As for HC himself - he's trading money he's embezzled from people on the false premise he has a profitable system to sell.
Karma 1 - HC $0
Now all that remains to be seen is the discussion on what his 8% is based on.
He has 20% of his pot allocated to this strategy.
The strategy returns 10% per month of 'risk capital'. No simple method of returns calculation for HC. Obfuscation is the name of the game. So....
Let's presume a $100k total portfolio.
- $20k allocated to spreads.
- $2k per month revenue from the spread strategy.
- R:R is average 25:1 on any individual spread trade.
So - is the 8% loss based on his total portfolio or on the 20% he allocates to the strategy?
Given the R:R, I'd say most likely is he's done 8% of the $100k as opposed to 8% of the $20k.
Also on T2W he states:
"I should have lost less. I did not build my cash reserves up fast enough (as I was in the process of doing) so that my circuit breaker could not fire properly. I had to unwind other spreads to generate the cash. This let one of the spreads speed past my trigger point. That hurt. Lesson learned. "
So this does show that he is 100% invested in spreads at any one time and that he had insufficient funds to unwind the position.
Howard is licking his wounds on T2W and telling people they aren't worthy of replies if they don't have their own journals. Under pressure his persona breaks down somewhat and a mean streak shows itself.
My sympathies to his students. As for HC himself - he's trading money he's embezzled from people on the false premise he has a profitable system to sell.
Karma 1 - HC $0
