How can he be a "legit guy" when he obviously can't trade? What is the meaning of "legit" if it includes Jon Boorman?
some real trading results
- Thread starter billyjoerob
- Start date
You don't see him flaunting stacks of cash behind the wheel of a BMW like those gurus covered by @guruleaks1, do you? And just because he's behind the index after 2 1/2 years doesn't mean he can't trade. How many times has the man himself, Buffett, lagged the S&P? This doesn't mean he's just an old fart
OK so he's not flashing fat stacks, that's true. But he does have a record of 264 trades. I don't think the time period is as informative as the number of trades. If he were a buy and holder who made a half-dozen buys/sells a year, it might be plausible. But we have 264 trades to judge. If there were a demonstrable edge in his system, it would be clear by his 200th trade, I think. 264 is a lot of data points, though I'm no expert on stats or trading systems, that's for sure.
A good way of conceptualizing expected returns is to view returns over rolling 5 ( or even 10 ) year total return periods and within a probabilistic framework. For example, a tactical process has produced > 100% over 5 years over x % of the periods, and between 50% - 99% over x% of the periods and x% losing periods, over x time span ( the longer the better ).
- Don't quit your day job
- Don't use leverage
- Open a Roth IRA
- Sometimes money is made by sitting in cash
- Don't be a hostage to the markets
- let the markets, profitability of the U.S. economy work for you
- Don't quit your day job
- Don't use leverage
- Open a Roth IRA
- Sometimes money is made by sitting in cash
- Don't be a hostage to the markets
- let the markets, profitability of the U.S. economy work for you
If you have an obvious edge then it won't take 10 years. If you don't have an obvious edge, sure, you can say it will take 10 years. Somebody will eventually come up with a video game you can play and find out in a couple of hours whether you/r system has any edge. Then instead of hiring somebody for 10 years in order to ultimately find out he was a dud, ultimately the investors will just say "here, play this game, bring your algo code if you like" and they will know very quickly. It will be to trading what flight simulators are too flying.
I doubt anyone with an obvious edge would submit their algo to someone's 'device.'
OK but the point is that nobody would hire a pilot who says "give me ten years in the cockpit and a couple million dollars and I'll show you I can fly a plane." That's obviously not sustainable. There has to be a better way.
The way is what is working now: Verified past results; not promised future results.
Extensive social media presence with 26.6k tweets and 18k followers on Twitter (as of just now) looks like a "guru" to me.
And the fact that he presents his performance figures in an opaque way rings alarm bells. Why isn't he on a platform like fundseeder, where the account data is downloaded directly from the brokerage?
Marketfy is a joke.
what's rong with mf