Trader P/L 2012

[Soon2Bgreat]

Quote from sellindexvol66:

some of you guys must not read posts, yet you comment ...

Dude, reread my post. I specifically said I don't know what you're doing and am in no way saying it's the right/wrong way to report PL.

The poster asked why some people would incorporate unrealized p/l in the net calculation and I said there were reasons to do it and reasons not to do it. There's not much sense debating accounting, more than one way to skin a cat.

 

[flipside21]

You can plot your 2012 ytd daily equity curve and post to ET
More useful and informative than saying I made or lost $xxx amount today, though you can still include that info.

 

[sellindexvol66]

Quote from Soon2Bgreat:

Dude, reread my post. I specifically said I don't know what you're doing and am in no way saying it's the right/wrong way to report PL.

The poster asked why some people would incorporate unrealized p/l in the net calculation and I said there were reasons to do it and reasons not to do it. There's not much sense debating accounting, more than one way to skin a cat.

personally i feel mtm is bs for the non institutional accounts. i am only interested in my earnings and not how other people do it. plus i have no time or interest in posting equity curves or other.
i just want to point out if you work hard enough, money can be made in this business.

 

[Jestersofmalice]

great results, sellindexvol.
I'm assuming you don't use charts or TA or anything like that?
regards.

 

[Soon2Bgreat]

Quote from sellindexvol66:

personally i feel mtm is bs for the non institutional accounts. i am only interested in my earnings and not how other people do it. plus i have no time or interest in posting equity curves or other.
i just want to point out if you work hard enough, money can be made in this business.

 

[koolaid]

Quote from luisHK:

Funds do go by their mtm performance - there are unrealized profits as well as losses. I definetely follow my performance that way as well (holding most positions several days)

So then do you count unrealized losses too? Or is it one of those double standard things.

 

[luisHK]

Quote from koolaid:

So then do you count unrealized losses too? Or is it one of those double standard things.

Do you mean to look like a retard or you really never heard of mark to market nor read a mtm statement from a broker ?

 

[riffrafffpatrol]

Quote from Jestersofmalice:

great results, sellindexvol.
I'm assuming you don't use charts or TA or anything like that?
regards.

Why would u assume that???

 

[njrookie1]

I only look at MTM numbers personally. sometime it is spooky especially if one is trading stuff with large bid-offer spread since MTM PnL is based on close final print.

For a PnL over a slightly longer period, say weekly or monthly, those noises get smoothed away.

Keep in mind that your margin requirement is based on close price no matter how bad the print looks.

GS wants MTM, while BAC and CITI do not since they have more illiquid debts on their book.

njrookie

 

[koolaid]

Quote from luisHK:

Do you mean to look like a retard or you really never heard of mark to market nor read a mtm statement from a broker ?

Really? You look at MTM ? LOL...yea I think there's a MTM thread on the internet here somewhere....sorry...you're the retard