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Guess Who's Timer of the Year?


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#21 12SPX

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Posted 05 January 2018 - 12:14 PM

 

There are a lot of valuable people on this board. Please keep up the good work!

 

There really are! I've learned from a bunch of them, too!

 

Many of us have been at this TOGETHER since the early-mid 1990's on the original Fearless Forcasters!

 

Speaking of which, I don't know if you saw, but Carl Swenlin's daughter shared Timer of the Year with me this year. smile.png

 

Mark

 

Thats great!!  Wish they would go independent again, missing so much information at Stockcharts!!  I remember when they started with free charts lol!!!



#22 OEXCHAOS

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Posted 05 January 2018 - 12:16 PM

 

Mark,

 

Congrats !

 

Did you beat the S&P ? If so, by how much ?

 

Matched it. There was nothing I felt comfortable trading against the trend.

 

M

 

 

BTW, my day trading crushed the market ~40% net on margin.

 

M


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#23 NAV

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Posted 05 January 2018 - 12:39 PM

 

 

Mark,

 

Congrats !

 

Did you beat the S&P ? If so, by how much ?

 

Matched it. There was nothing I felt comfortable trading against the trend.

 

M

 

 

BTW, my day trading crushed the market ~40% net on margin.

 

M

 

 

If you matched the S&P last year, you deserve a pat on the back !

 

As for the 40% return on margin, there are two things i removed from my trading performance lexicon years back:

 

1) Mark to market profits

2) Net on margin.

 

The only thing that matters is net on your account.

 

40%, even annually is a big number. If you could do that consistently, and you started with a 100k account, you would be a millionaire in 6 years and a billionaire in 26 years (assuming tax free compounding as in a 401k). Now if we could do that in day trading, you would be a millionaire in 6 days and a billionaire in 26 trading days. So, performance on margin is a meaningless metric. 


Edited by NAV, 05 January 2018 - 12:41 PM.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#24 OEXCHAOS

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Posted 05 January 2018 - 01:09 PM

I don't presume to tell people how much risk to take, NAV. The only place to start is return on margin. Generally, I would strongly caution against maxing out margin, so adding capital to be able to weather draw downs without impairment is to be expected. How much, however, is up to the trader and his risk tolerances and preferences. 

 

But they can work their way backward to some reasonable estimate of what THEIR actual performance would have been, which would be different from trader to trader and which I have no way of guessing.

 

Mark


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