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- Thread starter Pekelo
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Time to update the Journal, because apparently some of the "investors" are nervous, although really, I don't see any reason... 
Let's recap where we were before I left a long position on:
I was up 62 points (4.2%) with 14 trades. Since the fund has a 4% extra built in profit, I was up 8.2% when I let in a lazy and stupid way the market take it down. The max. DD was around -11.5%, thus the fund went about -3.4% in the red! The horror!!!
Now I let the long position expire, the settlement price was 1279.25, thus trade 15th lost -27.25 points, which is not even 2%...I knew I can always count on the government and the fed...
So where are we now? Up 34.75 points (2.3%) +4%= 6.3%. Where is the market now? -15%
Thus my little fakefund is still comfortably in the green and beating the market by 21%...
So if anybody is worried about the performance and wants to withdraw his fakemoney, you have to fill out the appropriate forms!!!
P.S.: By the way please note that the lead over the market increased by 4%....
Let's recap where we were before I left a long position on:
I was up 62 points (4.2%) with 14 trades. Since the fund has a 4% extra built in profit, I was up 8.2% when I let in a lazy and stupid way the market take it down. The max. DD was around -11.5%, thus the fund went about -3.4% in the red! The horror!!!
Now I let the long position expire, the settlement price was 1279.25, thus trade 15th lost -27.25 points, which is not even 2%...I knew I can always count on the government and the fed...
So where are we now? Up 34.75 points (2.3%) +4%= 6.3%. Where is the market now? -15%
Thus my little fakefund is still comfortably in the green and beating the market by 21%...
So if anybody is worried about the performance and wants to withdraw his fakemoney, you have to fill out the appropriate forms!!!
P.S.: By the way please note that the lead over the market increased by 4%....
What a difference one month makes!
Update: The SPX is down -32%, while I was sitting in cash, protecting my 6.3% gain YTD.
So I am beating the market by 38%. I can't believe this Journal got one star only!
By the way, the purpose of this exercise is to show how a small fund using the strategy described in the beginning can easily and handsomely outperform the market without doing much research or diversifying like crazy. Just be in a market index most of the time, and step aside when the market is falling.
I know it sounds simple, but hey, I didn't do too many trades, did I? Maybe it is time to go long, to lock in that lead over the market...
Update: The SPX is down -32%, while I was sitting in cash, protecting my 6.3% gain YTD.
So I am beating the market by 38%. I can't believe this Journal got one star only!
By the way, the purpose of this exercise is to show how a small fund using the strategy described in the beginning can easily and handsomely outperform the market without doing much research or diversifying like crazy. Just be in a market index most of the time, and step aside when the market is falling.
I know it sounds simple, but hey, I didn't do too many trades, did I? Maybe it is time to go long, to lock in that lead over the market...
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