Project X

[userque]

Just do the math... And the bigger the account the bigger the absolute return...I convinced my partner with this simple calculation:
30% of 10k is 3k
30% of 100k is 30k


Ie. with a 100k acct it is about 10 times faster to reach a PL of 30k, compared to a 10k acct...
This proves that size matters...

You're right...the maths check out.

 

[marsman]

@HappyTrader, FYI: the purpose of this journal is not discussing my system/method/strategy.
It's just about documenting the progress one makes, ie. the progress of the account...

And: we didn't know in the beginning what we know now... Ie. it's an evolutionary process...
We have chosen this path and we stick to it... But nothing against some optimizations, of course...

 

[Martinghoul]

Has marsman indicated what his trades are. I thought in a trading journal they should be mentioned, but I could not see them. I can understand not wanting to give away good trades, but at least post them 1-2 days after they were entered.

A lot of the slack marsman is getting is because:
1) Without indicating what the system is, it can not be properly challenged or justified
2) Without a proven track record, the system can not be properly challenged or justified

Thus, in the mean time, it really is just a claim with pictures of a balance sheet. Not saying it's got anything like certain Ponzi schemes, but it is just as threadbare on details as one.

On a separate note:
Given the 30% compounding projections given, why not simply continue for about 3-5 years at which point you should have enough funds to purchase an investment bank or hedge fund and run it through there. No need to seek any partners, investors, friends, etc.

marsman could tell us, but then he'd have to kill us...

 

[userque]

Has marsman indicated what his trades are. I thought in a trading journal they should be mentioned, but I could not see them. I can understand not wanting to give away good trades, but at least post them 1-2 days after they were entered.

A lot of the slack marsman is getting is because:
1) Without indicating what the system is, it can not be properly challenged or justified
2) Without a proven track record, the system can not be properly challenged or justified

Thus, in the mean time, it really is just a claim with pictures of a balance sheet. Not saying it's got anything like certain Ponzi schemes, but it is just as threadbare on details as one.

On a separate note:
Given the 30% compounding projections given, why not simply continue for about 3-5 years at which point you should have enough funds to purchase an investment bank or hedge fund and run it through there. No need to seek any partners, investors, friends, etc.

I agree. No one could question him if he used a third party like C2 or one of the other ones people mention to verify his trades.

 

[HappyTrader]

@HappyTrader, FYI: the purpose of this journal is not discussing my system/method/strategy.
It's just about documenting the progress one makes, ie. the progress of the account...

Rather boring journal if all you will do is show account balances... Not sure how that helps anyone. When you look back at it you won't even know what you did to achieve those balances.