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"very high returns (>3%/day average) are being made by some traders I know"
Even if they are only using $100,000 to trade with they are making $750,000, year in and year out. Same as a 75% return on a million dollars.
--- In amibroker@xxxxxxxxxxxxxxx, Dennis Brown <see3d@xxx> wrote: > > No need to argue the point. Everyone is right, depending on the > particular circumstances. > > As I have pointed out before, very high returns (>3%/day average) are > being made by some traders I know using hardly more than a ruler for > their TA --trading trend lines and support and resistance levels on > very short timeframes (seconds to minutes) --and perhaps a couple of > indicators like MACD or CCI. The key is leverage and that the > winnings are not compounded, but taken off the table and used to live > on, or put into more conservative long term positions. The market can > not support large dollar compounding more than the average of the long > term growth of the better performing issues. You can skim large % off > small $ if you fly below the radar. Greed will not work to your > advantage. > > Dennis > > On Feb 26, 2008, at 9:50 AM, dave_88_1961 wrote: > > > > > 100% can be made in the early years but as the account grows returns > > diminish. > > > > Dave > > > > > > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" brian_z111@ 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 > > > > > > >
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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
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