Busted!
Looks like the random odds finally caught up with Mr.Sykes! Or..."his luck ran out"...
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Timmay - you should do this
- Thread starter NY_HOOD
- Start date
Busted!
Looks like the random odds finally caught up with Mr.Sykes! Or..."his luck ran out"...
Tell this to any future investors in your fund.
I totally see now why you are abandoning trading/hedge fund and heading into another area.
I totally see now why you are abandoning trading/hedge fund and heading into another area.
Quote from TimothySykes:
Let's see what LTCM's sharpe ratio is? You guys just don't understand that the numbers don't tell the whole story----words do---and I pity you for not being open to the possibility of learning.
Quote from WoodyAllen:
Timmays Audited Fund Performance:
Compounded Annual Return: 1.52% (underperformed money market rates, with much higher risk)
Return Statistics (3/2003 - 6/2007)
Year To Date: -8.75%
Total Return Since Inception: 6.76%
Average Monthly Return: 0.31%
Highest Monthly Return: 15.6%
Lowest Monthly Return: -18.69%
Average Monthly Gain: 4.17%
Average Monthly Loss: -4.56%
Profitable Percentage: 55.77%
Compounded Annual Return: 1.52%
Compounded Monthly Return: 0.13%
Longest Losing Streak: 7
Risk Analysis(3/2003 - 6/2007)
Sharpe Ratio (Rolling 12): 0.17
Sharpe Ratio (Annualized): -0.06
Sortino Ratio (Annualized 10%): -0.52
Sortino Ratio (Annualized 5%): -0.23
Sortino Ratio (Annualized 0%): 0.11
Sortino Ratio (Rolling 12 10%): -0.02
Sortino Ratio (Rolling 12 5%): 0.25
Sortino Ratio (Rolling 12 0%): 0.62
Standard Dev. (Monthly): 6.08%
Standard Dev. (Rolling 12): 27.44%
Downside Dev. (Annualized 10%): 15.5%
Downside Dev. (Annualized 5%): 14.8%
Downside Dev. (Annualized 0%): 14.07%
Downside Dev. (Rolling 12 10%): 21.02%
Downside Dev. (Rolling 12 5%): 18.23%
Downside Dev. (Rolling 12 0%): 15.51%
Sterling Ratio: -0.11
Calmar Ratio: 0.07
Drawdown Analysis (3/2003 - 6/2007)
Magnitude Length(in Months) Recovery(in Months) Peak Valley
-37.12% 21 0 6/2005 3/2007
-20.93% 3 3 2/2003 5/2003
-11.93% 4 3 9/2003 1/2004
-2.98% 1 1 8/2004 9/2004
-0.75% 2 1 4/2004 6/2004
-0.64% 1 1 12/2004 1/2005
Another arrogant young dude who got a lucky winning streak getting caught by the reality of having no edge in the long run.
NUMBERS DO TELL THE WHOLE STORY , my friend.
Besides selling a book, he can also start an advisory service when his fund blows up, becoming a full-time salesman
I have yet to meet an arrogant trader who makes it as a trader in the long run...
Humility is the hallmark of any long term succesfull trader.
Guys like Timmay come and go like bubbles......
Wikipedia definition of doublethink is:Quote from TimothySykes:
You guys just don't understand that the numbers don't tell the whole story----words do---and I pity you for not being open to the possibility of learning.
â The power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them. ... To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just so long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one deniesâall this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely, with the lie always one leap ahead of the truth.
Welcome to 1984!
Quote from ramora:
Wikipedia definition of doublethink is:
â The power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them. ... To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just so long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one deniesâall this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely, with the lie always one leap ahead of the truth.
Welcome to 1984!
As Borat would say "Is Niiice".