Latest Rentec Medalion Performance?

[schweiz]

Schweiz is from Bulgaria, reading thru his posts he gives nothing away other than his boasts and put downs of nearly every ET resident (because we are all stupid), you will need to crowbar his jaw open and even then nothing worthier than a turnip will be forthcoming.

I do not have Bulgarian nationality, I do not live in Bulgaria and I do not trade from Bulgaria.
Your postings prove/confirm that you have no information at all about me nor about my trading performances. You are only posting BS.
If you can only insult me, or post idiotic things about my mom and living in basements, I can put you down. You receive what you ask for.
You should change your nickname in Mickey Mouse.

There are several daytraders on ET who make +100% returns a year. I am surely not the only one.

 

[helpme_please]

I am daytrader futures ES. Never go overnight. I don't share any info about my trading. Can only tell that I am a discretionary trader.

Thanks. I understand the part about not sharing info about trading secrets. Those secrets are meant for your kids only. All the best to your trading.

I expect successful day-trading will have low draw-down because they don't experience the huge gap-downs that longer-term investors/traders suffer. I believe your past success. However, I am kind of doubtful successful day traders can hold up against the machines for long. Machines have inherent advantage against humans for day-trading. I'm sure you know that better than me.

 

[schweiz]

Thanks. I understand the part about not sharing info about trading secrets. Those secrets are meant for your kids only. All the best to your trading.

I expect successful day-trading will have low draw-down because they don't experience the huge gap-downs that longer-term investors/traders suffer. I believe your past success. However, I am kind of doubtful successful day traders can hold up against the machines for long. Machines have inherent advantage against humans for day-trading. I'm sure you know that better than me.

Good daytrading systems have excellent entries, don’t need excellent exits and try to catch the big intraday moves, but even that is not necessary. Good entries avoid being stopped out, bad entries will be stopped out on a regular basis or will lead to margin calls and blowing up. A horrible entry can never be corrected by an excellent exit, as the excellent exit at that time can be still miles away from profitability.

If you trade the E-mini futures ES or similar products, you can do the math and by using a small profit per trade (like 1 point) and stepping up by 1 tick each time you can see the returns you can reach on a yearly basis. That return can be huge, even with moderate profits per trade. I already posted that you only need (in the setup that I use) 31.5 points a year in the ES to double your capital. All this WITHOUT compounding.

When I see the unbelief on ET I wonder why they don’t see what I see:

• Maybe they don’t, even after reading the entire posting I wrote.
• Maybe they never calculated themselves what the result would be if they would do what I posted.
• Maybe they are not able asa person to trade that way.
  
• Maybe they have no clue what futures are.
• Maybe they are so obsessed of their own being right, that they don’t even check what people with another vision post.
  
• They think they already have all the knowledge they need. They feel much smarter than the average trader.
  
• Maybe they have too much problems with their ego.
• Maybe they are blocked in the way they think and cannot accept any new, out of the box, or even ordinary logical arguments.
• Are maybe they are just too stupid for trading..

I never understood these people. If somebody tells me something that looks unbelievable to me, I try to understand what they talk about and try to find out if this would be something new that could help me. Life experiences showed me that there are always new things you can learn and that what today is working best, can stop working or can be improved tomorrow. Knowledge is a continually changing, dynamical thing. There is no endpoint in knowledge. But many people stay blocked somewhere on the road to perfect or maximal knowledge. There is proof of this on ET every day over and and over again.

Drawdowns depend on the quality of your system and also on the leverage used. It can be optimized.

About machine learning. I will try to solve the problem when it occurs. I worked with AI software already 2 decades ago. It already existed at that time, and was already used for certain medical applications. So it was a good decision not to worry about AI till today and try to make profits for over 2 decades instead of panicking and stop trading then. I would have missed a lot of things that I would have regretted.

 

[truetype]

Does anyone have up to date performance numbers for the Renaissance Technologies Medallion fund

Why do you care? Rentech has many investable products, Medallion not among them. If you truly have money to put to work, you're looking in the wrong place.

 

[schweiz]

Why do you care? Rentech has many investable products, Medallion not among them. If you truly have money to put to work, you're looking in the wrong place.

Maybe he just needs them to see if he is beating them or not.

 

[Millionaire]

The fund is CLOSED to investors.

Jesse Livermore, in his depression era book, retold the story of The penniless tramp.
His hunger gave him the audacity to enter a restaurant and order "a big, luscious, thick, juicy steak" and, he added to the coloured waiter "tell your boss to make it snappy". In a moment the waiter ambled back and whined "De boss say if he had dat steak here he'd eat it hisself"

 

[destriero]

The fund is CLOSED to investors. It's now run privately just for the employees of Rentech!

Mind you, these performances are AFTER super high fees of 5/40. Yep, you read that correctly. 5% on AUM and 40% of upside. The gross returns are really high! In some cases triple digits.

It was 5 and 44.

 

[Nighthawk]

The fund is CLOSED to investors. It's now run privately just for the employees of Rentech!

Mind you, these performances are AFTER super high fees of 5/40. Yep, you read that correctly. 5% on AUM and 40% of upside. The gross returns are really high! In some cases triple digits.

As far as I know the fee structure is 5/44....

 

[timlee13]

Not interested for many reasons:

1. Privacy
2. I have nothing to win
3. Even if I would show proof bashers would always find an excuse to "proof" that the proof is fake or luck
   
4. When I trade I have no time to post realtime entries
5. I also don't want anybody to piggyback on my posted signals
6. Neither do I wish to give info so that others can try to "reverse engineer" my trades
7. etc...

I just give my opinion based on my personal experience. Each person can judge himself what he thinks and if it might be useful for him/her. I also don't care what others think. If people think I tell BS they can put me on ignore.

Fulltime daytraders should make without any problem 3 digit returns. If they cannot they should trade longer timeframes.
Many (if not most) on ET seem to be experts in trading, so I have nothing that I can teach them.
This is what Scat posted:You're outing yourself as a know-nothing, wanna be... running at the mouth.

So it is clear that I am probably one of the most stupid posters on ET. So why would anybody be interested in a journal?
But nobody can forbid me to post what I want to post.

I daytrade the ES with a margin of $1,565 per contract. I need to make 31.5 points A YEAR to double my account. 31.5 points in roughly 240 trading days. Due to volatility margins are now high. I traded a long time with $ 1,250 margin, so needed only 25 points A YEAR to double. If you say that is impossible then you only proof that you are a huge failure as trader. But most "experts" on ET don't even know that. And then I even did not speak about compounding...

wrong, idts. positive negative percentx, musclx doens't matter, no such thing as interesx or should or know or failx or not not, cepu,mickeyetc,scat., say,think, can say , think , do any no matter what and any be perfect.