went from 39% to 450% return, looking for prop firm

QuikrRetirement · Jul 8, 2010

Quote from GTS:

You didn't state if these were real profits or paper/sim profits.

From a post you made on another site, I would guess the latter:

Ah, now we get to the crux. mitwave is trolling for $$$ support. Paper profits appear to be his reality.

mitwave · Jul 9, 2010

I trade 2 IB accounts that are real funds. Yes I was looking for money partner in the beginning. That is how i got the 2 IB accounts. Now i have the data for proof and my own money now to trade for myself. Since I do not have a lot of money I thought a prop firm would give more buying power. I will also keep the 2 IB accounts for my income.

GTS · Jul 9, 2010

Quote from mitwave:

I trade 2 IB accounts that are real funds.

Since when?

Meaning which, if any, of these returns are based on actual trading results and not SIM:

2005 = 39%,
2006 = 110%,
2007 = 145%,
2008 = 220%,
2009 = 450%.

mitwave · Jul 9, 2010

in 2005, 30k account and 2010 70k account. At the end of each month the profits are taken out of the account since there are no over night positions. Then i get paid my part. Since 2002 until 2010 I also traded with IB simulator for testing. It ran side by side with the real account. All i am looking for is help is finding a register firm.

Anaconda · Jul 9, 2010

Quote from mitwave:

in 2005, 30k account and 2010 70k account. At the end of each month the profits are taken out of the account since there are no over night positions. Then i get paid my part. Since 2002 until 2010 I also traded with IB simulator for testing. It ran side by side with the real account. All i am looking for is help is finding a register firm.

So you started with 30k and had those returns? That you would mean you would have close to $4mil in capital right now and that is assuming no leverage.

You obviously fail to realize that any credible prop firm would scrutinize your returns. You can write a PM to Don Bright at any time as they do extend a lot of leverage.

But really, I think it's fairly obvious that your returns are pure BS.

mitwave · Jul 9, 2010

30000 x 450%= 135,000.
I wish it was millions. Out of that i get 25%

heech · Jul 9, 2010

Quote from mitwave:

30000 x 450%= 135,000.
I wish it was millions. Out of that i get 25%

!?!?!? The numbers you've given, they are *cumulative* returns, not annualized?

GTS · Jul 9, 2010

Quote from mitwave:

At the end of each month the profits are taken out of the account since there are no over night positions.

Still trying to come to grip with that statement. What does not having overnight positions have to do with taking profits out of the account monthly versus compounding gains by leaving some (or all) of the profits in the account?

Anaconda · Jul 9, 2010

Quote from mitwave:

30000 x 450%= 135,000.
I wish it was millions. Out of that i get 25%

You probably may need to re-read your original post. You gave annual returns.

Trader666 · Jul 9, 2010

My grandmother used to say that if you're going to be a liar you gotta have a good memory

Quote from gaj:

how could you be up 450% in 2009 when you were stumbling in the market?

http://www.elitetrader.com/vb/showthread.php?s=&postid=2673201#post2673201

yet the same day you were talking about making $500 / day:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2677789#post2677789

that would wind up being about 125,000 for the year. at 450%, that would mean you started the year with 23000. in 2008, you made 220%. that would mean you had 7500 the year before. since you were trading part-time, you wouldn't need to take out much for living. and you were making money before then.

needless to say, those numbers don't add up.

then, you said your IB account has 70k:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2678485#post2678485 so at 450%, that would mean you started the year with 12700. that 2008 gain would mean you started with 4000. and again, those numbers don't add up.

and why would you want to ask for information in a place that only 'bashes' you, as you think?

i don't have the answer to all those contradictions. but then again, i'm not a newbie with no history looking for people to email me their winning systems like in this post:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2677789#post2677789