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Whats is your YTD % return?
- Thread starter stock_trad3r
- Start date
Quote from chud:
Why not just measure trading ability by % return on buying power. Seems like that normalizes things pretty well between retail and prop traders.
Buying power is hard to determine...ours is virtually impossible to determine since we don't monitor the "money" we monitor the "risk".
Of course we have parameters as "guidelines" but especially intra day we have no way to track it...so we only filter for those who may be losing 10% of their account balance.
Don
All my trades here:Quote from aqtrader:
YTD 30% on 25000 account.
2848 trades, all on small trades to continue my experiment.
trade size: 50 to 100 shares
average trade cost: $2665.00
Gain $2.66 per trade after commision(so brokerage took about the same percentage).
Attachments
As of yesterday,
Swing trade and long term portfolio:
17.4% return YTD on 300K+ account with 2-1 Overnite Buying Power approximately 30% long stocks, 22 % short stocks 15% bond funds, 33% cash
Daytrading account:
146% return YTD on 60K daytrading account on 20-1 intraday Buying power and 3-1 Overnite.
Swing trade and long term portfolio:
17.4% return YTD on 300K+ account with 2-1 Overnite Buying Power approximately 30% long stocks, 22 % short stocks 15% bond funds, 33% cash
Daytrading account:
146% return YTD on 60K daytrading account on 20-1 intraday Buying power and 3-1 Overnite.
Quote from Don Bright:
I use a basic plus/minus count (keeping track of aces with my feet). Trick is to be able to use a large enough bet ratio to make any real money. I start with 1hand of of 50 up to 2 hands of 250, for 10 to 1...if that works, I then go to 2 hands of 500 which usually brings a lot of attention.
Cruise ships seem to be a bit nicer to us...let us play...usually pays for the trip plus a bit.
True count can be done with accurate estimate of "penetration" with a shoe/double deck.
Don
Cruise ships are a good idea. Would also have to keep track of 5's along with the Aces.
Quote from SarahG:
Cruise ships are a good idea. Would also have to keep track of 5's along with the Aces.
The only problem with cruise ships is the table limits are so small (usually $200 or so). We've been able to get them increased to $1,000 on a couple, but some just won't budge. Pretty hard to ratio bets properly with small limits.
Don