Whole Concept Of Track Record is STUPID!

[xflat2186]

Quote from virtualmoney:

For example, if I had an account that was long aapl, short intc, long goog &
another account that was short appl, long intc, long goog over a course of 2 years, I will only show the first account even though the second account is also a net profit because goog outweighs aapl in cash returns.

You honestly believe that someone would look at you for a porfolio of a couple stocks? When they hire you and you have to report all your accounts to the compliance dept then what do you say?

 

[virtualmoney]

Quote from xflat2186:

You honestly believe that someone would look at you for a porfolio of a couple stocks? When they hire you and you have to report all your accounts to the compliance dept then what do you say?

It's just an example. Who's going to check my losing e-trade account in HK compared to my winning account in IB in US?

 

[gnome]

Quote from xflat2186:

"... your own retail track record is not too much a leg up.

Like I said, WHEN YOUR TRACK RECORD IS LONG AND STRONG ENOUGH...

Unlike bullshit, market ability is in short supply. Demonstrate you have enough of it and OPM will make a place for you.

 

[xflat2186]

Quote from virtualmoney:

It's just an example. Who's going to check my losing e-trade account in HK compared to my winning account in IB in US?

When you have to report to the firms compliance record if you lie about accounts they will find them.

 

[virtualmoney]

I trade mostly China stocks and some are listed in US,HK,SG too.

Many traders I know have almost opposite positions of the same stocks in different accounts and most certainly one account net profit will stand out above the other accounts after a year or more.

 

[gnome]

Quote from virtualmoney:

I trade mostly China stocks and some are listed in US,HK,SG too.

Many traders I know have almost opposite positions of the same stocks in different accounts and most certainly one will stand out above the other accounts.

When you're talking "track record", you have to include EVERYTHING.

If you're trying to deceive so that you can "get an institutional position on false pretense and collect big fees/profit shares", that's not track record... just another common form of lying.

 

[virtualmoney]

Quote from gnome:

When you're talking "track record", you have to include EVERYTHING.

If you're trying to deceive so that you can "get an institutional position on false pretense and make big fees/profit shares", that's not track record... just another common form of lying.

Believe me, I have seen traders with impressive over 300% returns in a year playing China stocks with one account getting into a bank as a fund manager without reporting their other accounts.

 

[xflat2186]

Quote from virtualmoney:

Believe me, I have seen traders with impressive over 300% returns in a year playing China stocks with one account getting into a bank as a fund manager without reporting their other accounts.

If you really believe it happens, especially at a Bank then why did you bother starting the thread?

 

[gnome]

Quote from virtualmoney:

Believe me, I have seen traders with impressive over 300% returns in a year playing China stocks with one account getting into a bank as a fund manager without reporting their other accounts.

Maybe we should do a flash headline... "Somebody deceived and got away with it"?

Such things might GET a position, but to KEEP it you'll have to perform. The truth doesn't take long to be revealed.

 

[virtualmoney]

Quote from Urkel:

Please refrian from posting here again.

Hope I didn't spoil your plan