Investing Journal - T2S

Quote from atticus:

When I am "up 4%" I can wire out that gain, regardless of the notional win. The benchmark comment is simply not applicable to that statement.
More...

You can claim that because you look at the world in absolute return and that makes sense given what you trade.

I think he can claim the same because he can buy the same number of "shares" of spx that he could have when he liquidated and still have cash left over.

I don't think it's a wrong way for him to look at things because he is long only, he isn't using leverage, and he generally focuses on large caps. It's perfectly reasonable for him to be comparing himself to a relative return and in that sense he did make 4% alpha.

Like I said before, I follow this thread relatively closely and I haven't found him to be inconsistent with his performance (changing his metrics to look better). I also haven't found him to ignore losses or to pretend trades didn't happen.
 
Quote from newwurldmn:

You can claim that because you look at the world in absolute return and that makes sense given what you trade.

I think he can claim the same because he can buy the same number of "shares" of spx that he could have when he liquidated and still have cash left over.

I don't think it's a wrong way for him to look at things because he is long only, he isn't using leverage, and he generally focuses on large caps. It's perfectly reasonable for him to be comparing himself to a relative return and in that sense he did make 4% alpha.

Like I said before, I follow this thread relatively closely and I haven't found him to be inconsistent with his performance (changing his metrics to look better). I also haven't found him to ignore losses or to pretend trades didn't happen.
More...

I am not going to argue with you about what you believe is semantics. If I am "up four percent" it's tangible, not some benchmark BS. He's not simply trading spot and it wouldn't matter if he were. He's not limited to cash longs (longs, shorts, equity vol) so a SPX benchmark is nonsense.

Also, I don't doubt where his net liq is. He states absolutes in hindsight with no transparency. I believe T2S to be honest about his fills, but "I will likely stay cash" is not a trade signal, but it's used in hindsight as a mkt timing event and that's nuts. A lack of activity is an assumption of holding cash, as ostensibly all trades are outlined in the journal.

I value journals and have nothing more to say on the subject. GL T2S.
 
Thanks guys. I'm just trying to make a penny like the rest of us. And receieve feedback to better my strategies.

After my little day trade today (this won't be a regular occurence, just saw a setup in csco that is the only setup I will day trade) account value is:

$23,005 (32,005) will post value in parenthesis what it would be without withdraws. Should be getting big bonus this last quarter and get acct back to where it was (and beyond) before end of year hopefully

I don't foresee any more trades today or tomorrow. Still all cash. If I do make a trade will post it here
 
Decided a new way of keeping track, I will now start keeping track of total account value, and total money put into account. However don't be confused with deposit vs account value as it will not be a good indicator of performance. For instance I deposited 20,000. grew it to about 30,000 and then withdrew 9,000 and now grew the 21,000 to 23,000. Based off basic numbers I have 11,000 total invested and account balance of 23,000 which might look like a north of 100% return. however my true rate of return for this account and journal is more close to 60-65%. If anyone has a more intelligent way of keeping track of money deposited vs account value and rate of return, please let me know.

Total money deposited: $11,000

Account value: $23,008
 
trading sure is a strange thing, im happy today is the biggest down day of the year as i am still 100% all cash. im happy apple is taking a full on nose dive with no end in sight.

im very unhappy that my job just got impossibly more difficult for the next 4 years (no one respond to that comment please, not looking to turn this thread into a political one, it's my journal and i can say what i want). and i mean my real job, which involves working with peoples retirements.

im happy obama got elected as i believe he will provide the most volatility (crash) for the market, and as we all know volatility is when we make money.

im very unhappy obama got elected from fiscal point of view. ill see ya all in 4 years with 20+$T debt, then we are really screwed.

nothing but internal battles :D

REMINDER: no one reply with political viewpoints please
 
for anyone that reads this, i WOULD be selling a CAT 85 nov 16 p for 1.5 and a UTX 77.5 nov 16 p for 1.16.

however my broker for some reason clears me for covered calls and not naked puts, even though they are the same exact position.

still all cash for now.
 
You must log in or register to reply here.
Back
Top