|
PureBytes Links
Trading Reference Links
|
100% can be made in the early years but as the account grows returns
diminish.
Dave
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
>
> >A profit of 1% per day, every trading day, grows so fast that the
> >account balance is larger than all the real estate in the US in just
> >a few years.
>
> Hypothetical numbers can be quoted to create a desired effect e.g. if
> we put it this way, things look a lot different:
>
> A trader starting with $100K who returns 100%PA on average, and
> trades for 10 years, would be able to afford to buy a home in San
> Jose Calfornia, but not the best one in the area.
>
> Do you think many traders with that kind of performance would
> continue to trade after 10 successful years?
>
> brian_z
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" brian_z111@ wrote:
> >
> > I draw your attention to the following article, especially item 3:
> >
> > "Who is the most unusual trader you ever interviewed"?
> >
> > http://www.moneybags.com.au/profile.asp?id=1363
> >
> > Two consecutive 300%PA plus public performances from Mark Cook.
> >
> > It is possible that he was just incredibly lucky (are we fooled by
> > randomness a la Taleb)?
> >
> > He was also incredibly lucky for a period spanning 6 years before
> > that (trading bonds and stock indexes!)
> >
> > Note that the period 1992-1993 when he publically achieved those
> > results was not a particularly outstanding two years for equities.
> >
> > brian_z
> >
> >
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> > >
> > > Howard,
> > >
> > > >Any time someone suggests a growth of more than about 40% per
> > year,
> > > >take that with a very large grain of salt.
> > >
> > > I expected you to disagree with my statement.
> > > I'm sure a lot of traders would be aghast at the numbers I quoted
> > as
> > > the theoretical potential.
> > >
> > > At his website Professor John Price posts audited returns of
> approx
> > > 20-25% PA over a 5 year period, or more, using simple Techno-
> > > fundamental methods (as I recall the figures).
> > >
> > > The caveat there is that the sample period is short and selective.
> > >
> > > Trading on margin that would return 30-35% PA with less than half
> > an
> > > hour a days work and no effort to use any other timing mechanisms.
> > >
> > > If your statement is true we can all give up any further efforts
> > and
> > > simple trade his method.
> > >
> > > Similarly, the ASX, which is a high dividend paying market (due
> to
> > > franking) has total returns of in excess of 15% PA on average
> over
> > > longer time periods.
> > > Using simple leveraged buy&hold strategies that is 20-25% without
> > any
> > > ongoing effort required what-so-ever.
> > >
> > > In "Stock Market Wizards", Schwager, Jack.D, Harper Business 2001
> > the
> > > first page of the first chapter in the book quotes Stuart Walton,
> > > fund manager, who achieved "115 percent average annual compounded
> > > return in trading profits" un 8 consecutive years during the
> > nineties.
> > >
> > > As I understand it Schwager's books are well researched and based
> > on
> > > verifiable case studies?
> > >
> > > I only opened the book at the first chapter and didn't need to go
> > any
> > > further or to his other 2 books containing similar testimonies.
> > >
> > > brian_z
> > >
> >
>
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|