I thought it was like 11%. I am a "swing" trader and do not necessarily shift from SHORT to LONG until a range of indicators "confirm". That shift came after the close Thursday.
Already pared back about 50% my usual exposure, drawdown was minimal - - but it is hoped that if more buyers continue to move into this market, this rally can generate some staying power, hence lifting my gains well above new highs!
My approach is NOT about what a small portion of investments can do for thrills, but how to seriously take that same account and with a high APR and low max DD (Calmar ratio ~8) and move it well beyond net worth in a <i>few</i> years.
How is that done? Just look at past market periods and what the system has done and expect/observe/calculate/overlay/measure <i>what have you</i> with consecutive MONTHS (not days) result.
SO EASY a Caveman can do it!!!
After all if you were Johnny BigWig and you had an account grow with me from $25,000 to $1,000,000 in three years. . .would you care?
So what if the ES moved in <b>one week</b> and your $1M account pulled back (present DD) to $9,200,000.
If we have another year like the last - <b><i>you'd be ecstatic</i></b> if you ONLY gained 115% to move your account to $2,000,000.
I can tell you that sometimes you have to think OUTSIDE THE BOX to make calls that avoid and profit from an erratic market that has plummeted 50%.
"The financial markets are littered with the broken reputations of so-called "experts" who failed to anticipate the global financial crisis, or the recession and bear market that have followed. Finance ministers, central bankers, Wall Street strategists, famed economists, hotshot hedge-fund bosses, former star mutual fund managers and, yes, journalists and cable-television bloviators all dropped the ball big time in the years leading up to the current meltdown."
I'd like to begin with what I know I can do going forward. Fortunately for me I do not need much to get started. It won't be long, now.
Pay$ense
