Hmm not so cut and dry. After 200 rounds, max drawdown was all the way down to $25K
Long short game
- Thread starter nooby_mcnoob
- Start date
Hmm not so cut and dry. After 200 rounds, max drawdown was all the way down to $25K
Gladly. Step 1 automate buy button. Step 2 profit. Screenshots to come
Step 1:
Step 2:
755 trades to get to 5 million from $10K. What are the practicalities of this equity curve? There were multiple HUGE drawdowns.
But lets say you wanted to implement this strategy:
1. 40*755 = number of days needed = 30200
1. Number of weekend days in range: 2*40/7*755 = 8628
1. Total number of trading days: 21572
1. Total number of years: 21572/252 days per year = 85
So you'd need about 85 years to realize this strategy. That's about $60K/year on an initial capital outlay of which isn't too bad all things considered. So what's the strategy:
1. Randomly pick one of the top 500 stocks
2. Go long
3. Wait 40 days
4. Sell
5. Repeat
So what you need to do to show that you are talented is reach this number BEFORE 755 trades. Say in 100 trades.
That's the challenge homies. Make it so.
Step 1:
View attachment 217159
Step 2:
View attachment 217160
755 trades to get to 5 million from $10K. What are the practicalities of this equity curve? There were multiple HUGE drawdowns.
But lets say you wanted to implement this strategy:
1. 40*755 = number of days needed = 30200
1. Number of weekend days in range: 2*40/7*755 = 8628
1. Total number of trading days: 21572
1. Total number of years: 21572/252 days per year = 85
So you'd need about 85 years to realize this strategy. That's about $60K/year on an initial capital outlay of which isn't too bad all things considered. So what's the strategy:
1. Randomly pick one of the top 500 stocks
2. Go long
3. Wait 40 days
4. Sell
5. Repeat
So what you need to do to show that you are talented is reach this number BEFORE 755 trades. Say in 100 trades.
That's the challenge homies. Make it so.
LOL, I'm trying to digest this noob. But are you essentially saying that if you just picked "long" on every one, after 755 trades on average you'd turn $10k into the $5+ million number? If so, I agree 100% that to be a good trade you'd have to beat that at least somewhat.
I suck at discretionary, far too emotional/unstable. This game suits me in that I pick an entry and the exit is predetermined -- I cannot fuxx things up.
Maybe there's a revelation here - go through a thousand charts, build a long/short portfolio with tiny positions, set a timed exit, repeat every X days at expiration.
