Your July Performance

[Sekiyo]

Hahahaha . You seem to miss the point. You said 18% monthly return this month is a good but average return (until you edited it). I'm poking fun at you saying being 100000000000x trillionaire is possible.

If you don't underperform your goals,
You should think about raising your standards.

 

[murray t turtle]

I made +18% for my hedge fund account this July so far. But because of next week big news on FED and ECB I stopped trading now. There can be some market turmoils so better to stay safe and out of the markets than sorry. Good but average performance for me this month.

%%
Good Fed comment+ post #4.
I use a benchmark 80% cant beat=SPY [good average] benchmark;
I sure did NOT beat SPY in JAN + FEB dong 10% single stocks.
90% doing other stuff,[JAN, FEB], so fine .
I get a monthly print out with quite a few measures;
I use YTD-2023 ,weekly..... ;
10 year ETFs, measure.
JULY[as of today close] is strange month in one way;
the normal underperforming[v SPY benchmark ] Oil + Gas services up ticked positive YTD[normal loser in 10 years average.]
BUT i like some drawdowns , may beat SPY benchmark;
+ some stuff shorter term, with just get out like SPXS loss today + related LOL.
I did not make 18% net last month[JUN,2023, but better than average.]
Good timing , your post #4.

 

[newwurldmn]

So you say I should aim for lower percentage returns per month ? What would you suggest is a healthy growth per month ? What kind of drawdown you would tolerate ? What does your experience tell us ? Do you say I will loose all gains when I make 20% returns per average month ? Did you read the books of Markets Wizards too ? There are plenty of others and many more traders doing this for a long time. But you never know all the statistics because trading is anonymous like and those hedge funds are just a tip of an iceberg of successful traders there. There is no need to ever go public when you trade successfully. That makes this also kind of misterious what all is possible and achievable in trading. The books of Market Wizards just gives you an impression what is doable.

I think you should provide some context for your returns. AUM, strategy/asset classes, and leverage.

otherwise we’ve seen this story before. Guy comes on here for a few months claiming massive returns. Then he’s never heard from again (he blows up).

based on your other posts, my belief is that you are trading a tiny account, taking tons of leverage and running a strategy that doesn’t have an inherent edge (you are “guessing” which way the market will go). you will eventually blow up.

 

[TheDawn]

Thanks but I cannot fully compound on my hedge fund account. There are limits. And my profit split is deducted from my account value too to payout me. And they are also not so happy when I make too much gains, so I must cut them sometimes just to be inline with their risk management. That is why I added recently some prop firms too in my trading as addition (to get more risk free capital (for me)).

Second 5 years is a very, very long time in this world. So many things can happen. Just review the last 5 years and you see major drawdown can happen everytime all of a sudden (on every kind of strategy too).

But I agree it is an art between scaling up and take out cash for hard times or for any safety reasons. If you do not compound at all you do not get rich, if you compound too fast you will loose all gains in the end at some time when a black swan appears or something similar.

So for me basically it is not so about to find the proper strategy but a decision between how fast you compound and take out cash. That kind of balance finding is really an art. (Because) You never know when the good times will last longer so everyone can make easy gains (like on a huge bull market by riding hot stocks like in the 90's especially in the last years before the dotcom crisis just as an example here).

There are times you can make a fortune much more easily and there are hard times with many structure breaks where it is difficult to compound on each his own strategy. So best is not to speculate what will be in 5 years but focus on good risk management and be aware of any loss streakes or simply bad times to trade (based on the own strategy). So concentrate on the now is better then making dreams where you do not know how many parameters can change in the longer future.

You have your own hedge fund and yet you still need to trade with prop trading firm? Since you are so great at making such impressive returns, why don't you close your hedge funds, return all the money to those idiots who even want to limit your returns and trade with prop trading firms exclusively instead?

 

[TrAndy2022]

You have your own hedge fund and yet you still need to trade with prop trading firm? Since you are so great at making such impressive returns, why don't you close your hedge funds, return all the money to those idiots who even want to limit your returns and trade with prop trading firms exclusively instead?

It is not my own hedge fund. I am just one of the traders there. And adding additional capital from prop firms is lucrative, as it is no risk for me.

 

[Overnight]

It is not my own hedge fund. I am just one of the traders there. And adding additional capital from prop firms is lucrative, as it is no risk for me.

You ever going to break out on your own, take on some risk?

 

[TrAndy2022]

You ever going to break out on your own, take on some risk?

No. But I will take on some risk doing trading on personal accounts later, when it starts getting boring and I cannot compound on profits anymore substantially.