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What house in San Jose can't be bought for $102,400,000?
$100k compounding at 100% per year for 10 years = $102 million.
start 100,000
1 200,000
2 400,000
3 800,000
4 1,600,000
5 3,200,000
6 6,400,000
7 12,800,000
8 25,600,000
9 51,200,000
10 102,400,000
--- 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
> > >
> >
>
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