No problem. I actually think it's a legitimate question.Sorry I misspoke.
Best wishes.
No problem. I actually think it's a legitimate question.Sorry I misspoke.
Best wishes.
Agreed many traders lie about results. The video shows my real account and should answer all your questions if I miss anything. Please know I recently developed this system and only began using real money in July 2016. Seed amount approximately $20,500 then I added another $20,000. Average length of trade 14 days. Compounded rate if my math is correct 54% in 6 months so 108% annually. Back tests show approximately 62% annually. Brokers fees over 6 months approximately $1416 out of approximate $14,000 in profits. So approximately 10% of profits went to commissions. Or approximate commissions costs were 5.4% of average account value.Exactly. Many traders lies his result on purpose.
For example, tell us 1) your seed cash amount 2) length of trading with SINGLE trading logic 3) annual compounded return rate.
If you tell me, such as "I spent 5 years with MY OWN trading logic, with paying 10% brokerage annually. Before-cost my logic exhibit annual 30%. Therefore my logic showed annual 20% compounded."
For the next 50 years, if your logic keep the same record of return, then your initial cash of 100K is expected to become 100*1.2^50 = 910043.8K=910M.
Over last 6 months (Its only been 6 months, well almost 9 months now) after paying commissions I show an approximate 48% return. I will let you calculate annualized amount.This might be the BEST words for record.
Tell us that, over the last 1 or 5 years after paying tax+commission, my record showed average annual 20%, consistently between 15% and 25%.
Another way to show return is Buffet's method, as shown at http://www.berkshirehathaway.com/letters/2015ltr.pdf for the last 50 years.
Here, it is clear way to show his record if his record is true.
I recently developed this system and only began using real money in July 2016. Seed amount approximately $20,500 then I added another $20,000. Average length of trade 14 days. Compounded rate if my math is correct 54% in 6 months so 108% annually. Back tests show approximately 62% annually. Brokers fees over 6 months approximately $1416 out of approximate $14,000 in profits. So approximately 10% of profits went to commissions. Or approximate commissions costs were 5.4% of average account value.
910M I know potential Crazy Results! Only time will tell but I am already looking to scale back and lower risk.
Great numbers but I don't see 100% returns as realistic over time. But I am hoping! I'm going to shoot for 46%, If I do 36% annually with low volatility and low drawdowns I will be very satisfied. I will do my best to do quarterly updates.
I am not implying that I can make high returns over generations, but maybe I can over the next decade or so. Only time will tell. Are you interested in updates?It has been roughly 400 years since the stock market is(was) open in Netherlands.
If there exist any SINGLE person who cosistently kept his annual 46% record (of course also by his sons and grandsons), the the family already got ALL THE ASSET in the world.
Please just calculate 1.46^400.
If there is NO ONE before who attains anuual 46% over the 400 years, then you shall not do it too most likely.
Only time will tell. Are you interested in updates?
Can someone send me to any prior threads that show actual trading results of successful traders on this forum? Thanks