MrMarket,
No doubt about it, those results are HUGE!!! You should be running the Boss's money for him.
No doubt about it, those results are HUGE!!! You should be running the Boss's money for him.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Is 56 winners out of 64 total positions a good trading record?
- Thread starter mrmarket
- Start date
Quote from bebe:
If you win 85% of the time - but some of your positions drop 30-40-50% before becoming profitable - that is unacceptale, that is NOT trading - that is dreaming and being lucky at the end.
This is the traditional TA philosophy and is the "wisdom of the street", but do we know that 30-40% drawdowns are unacceptable on the elite stocks? I don't think anyone has backtested this (and it would be tough because of bias), but perhaps 30-40% drawdowns are acceptable with mr m's investing style of only "buying the best"?
Perhaps it's all relative? Isn't a 7-8% drawdown for a 15% gain is the same as a 30-40% drawdown for 70% gain? I dislike holding things more than a few nights and most everyone on this board is the same.
But I don't think anyone has proven that what he's doing is a bad way to invest. His style is still very new...
Hurray! Your the best. We all know it. why dont you go to a strip bar to celebrate. Sleaze bag.
Quote from progers82:
just going on a percentage is to little info. whats the profit factor, whats the ave w/l ratio. multiply the % by the profit factor times the w/l ratio and if you are above 1.0 then fantastic.
Right...or to put it simpler. Depends on how much you made on the winners and how much you lost on the losers.
If you're so smart, mr. market, how come the best you could do is marry abby joseph cohen?