I'm on Covestor, and that is real money. Tim is still in the top 10 since inception at around 28%. He hasn't had very much drawdown as a manager.
What am I missing here? Weirdinsky continues to make these absurd claims everywhere on this site about making 7-fold to 10-fold returns in short order, yet everywhere you look, the guy has no returns to speak of. I'm with Mike805 on this. You simply CANNOT make unsubstantiated claims as a registered advisor. This is the kind of shit that leads to big problems. Once you hang that title over your head, you have to be extremely transparent about what your actual returns are. Plain and simple. Like Mike said, it shows -9% since inception. Where do you get off lying about this? http://covestor.com/kc-capital-management/quantitative-etf
I really can't hide any of my returns. Naturally backtests will have different results and performance characteristics than live trading. The theory of how to trade is much more important when you have your real trades being logged. I have made no claims as to performance. I've only discussed models I have, and you can see them for yourself. Charts, several thousand hours of screen time. Reviewing performance summaries. Tweaking. Optimization. Any of these and with no competing philosophies in my repertoire that makes for some good trading. They will not let me post my spreadsheets, but that is probably the only thing missing from it all. Here is the trades list from my old pairs trading version on the left and the one I use now on the right. 8/3/2007 $10,000.00 Exit Date 10000 8/29/2007 $10,429.69 11/28/2006 $10,367.21 9/4/2007 $9,657.32 12/6/2006 $10,582.20 10/8/2007 $12,326.42 12/12/2006 $10,789.23 10/15/2007 $12,617.22 12/22/2006 $11,813.58 10/18/2007 $12,965.78 1/24/2007 $12,633.99 10/24/2007 $14,326.16 2/14/2007 $12,927.81 11/9/2007 $18,347.82 2/28/2007 $15,373.48 12/4/2007 $19,391.06 4/3/2007 $15,870.63 12/18/2007 $17,923.58 5/11/2007 $14,847.71 1/8/2008 $16,413.16 5/24/2007 $15,155.62 1/10/2008 $16,850.02 6/8/2007 $16,607.55 1/30/2008 $18,331.25 7/5/2007 $18,447.40 2/6/2008 $20,545.86 7/24/2007 $18,046.10 2/19/2008 $21,165.31 7/25/2007 $18,046.10 2/29/2008 $21,398.55 8/3/2007 $18,620.57 3/6/2008 $21,648.69 8/29/2007 $19,282.35 3/12/2008 $22,758.43 9/10/2007 $19,656.35 3/27/2008 $23,196.03 9/26/2007 $22,732.32 4/11/2008 $23,300.49 10/15/2007 $23,177.04 4/17/2008 $25,408.69 10/18/2007 $23,708.26 5/13/2008 $26,948.36 10/24/2007 $25,100.57 5/22/2008 $24,908.95 11/8/2007 $29,517.28 6/2/2008 $26,808.79 12/5/2007 $29,709.35 6/12/2008 $24,779.94 12/20/2007 $29,709.35 6/16/2008 $25,493.68 1/9/2008 $26,311.56 7/9/2008 $26,305.22 1/30/2008 $28,224.05 7/21/2008 $27,049.62 2/7/2008 $36,024.63 7/29/2008 $27,805.98 2/19/2008 $37,110.76 8/1/2008 $26,998.93 3/3/2008 $39,548.90 8/14/2008 $34,460.91 3/13/2008 $40,342.51 8/19/2008 $36,836.49 3/28/2008 $41,524.87 9/2/2008 $34,048.76 4/11/2008 $41,711.87 9/11/2008 $31,129.89 4/24/2008 $53,240.22 9/23/2008 $33,690.48 5/20/2008 $56,384.95 11/3/2008 $31,140.83 5/28/2008 $56,384.95 11/6/2008 $39,747.55 6/16/2008 $56,384.95 11/14/2008 $44,990.60 7/9/2008 $60,358.36 12/2/2008 $53,748.34 7/23/2008 $62,086.72 12/29/2008 $49,218.98 7/29/2008 $63,520.18 1/8/2009 $51,725.34 8/5/2008 $64,422.17 1/16/2009 $53,467.78 8/18/2008 $64,422.17 1/22/2009 $53,940.78 9/2/2008 $57,054.34 1/30/2009 $54,751.91 9/16/2008 $49,247.06 2/11/2009 $60,817.55 9/25/2008 $53,449.64 2/20/2009 $54,359.18 11/4/2008 $47,336.72 2/25/2009 $57,053.62 11/6/2008 $60,419.66 3/12/2009 $52,245.73 11/14/2008 $66,592.44 4/7/2009 $59,273.56 12/2/2008 $74,464.64 4/14/2009 $63,713.47 1/5/2009 $87,593.68 4/22/2009 $65,988.63 1/16/2009 $90,042.98 5/13/2009 $60,973.28 1/22/2009 $90,839.53 5/19/2009 $67,381.15 1/30/2009 $92,205.52 6/4/2009 $66,049.18 2/18/2009 $112,116.52 6/17/2009 $67,940.50 2/25/2009 $116,706.69 6/25/2009 $69,019.05 3/12/2009 $103,359.19 7/10/2009 $68,490.59 4/7/2009 $114,827.60 7/28/2009 $87,420.05 4/14/2009 $121,922.35 8/13/2009 $89,482.45 4/30/2009 $155,619.31 8/21/2009 $97,225.87 5/13/2009 $137,821.46 9/4/2009 $101,189.98 5/21/2009 $146,618.21 9/14/2009 $103,594.23 6/15/2009 $146,618.21 9/29/2009 $106,595.51 6/16/2009 $146,618.21 10/1/2009 $97,612.73 6/23/2009 $151,878.55 10/7/2009 $107,031.25 7/16/2009 $182,572.06 10/28/2009 $98,931.28 8/21/2009 $184,920.07 10/30/2009 $100,816.91 9/10/2009 $218,077.09 11/4/2009 $104,808.26 9/25/2009 $226,968.57 1/5/2010 $96,825.48 10/2/2009 $198,219.96 1/20/2010 $98,005.91 10/28/2009 $175,549.97 2/16/2010 $90,588.97 10/30/2009 $178,307.42 3/16/2010 $83,733.33 11/10/2009 $215,670.50 3/26/2010 $87,062.48 12/4/2009 $221,048.42 4/19/2010 $90,053.99 1/12/2010 $208,460.74 4/30/2010 $93,588.82 1/13/2010 $208,460.74 5/6/2010 $85,702.11 1/20/2010 $213,063.65 5/14/2010 $93,309.36 2/18/2010 $188,696.02 6/1/2010 $96,562.71 3/22/2010 $167,115.26 6/21/2010 $89,113.93 4/7/2010 $170,356.54 6/30/2010 $81,215.21 4/28/2010 $172,918.27 7/16/2010 $91,815.37 5/6/2010 $153,141.98 8/3/2010 $100,453.67 5/14/2010 $165,869.71 9/3/2010 $91,988.46 6/2/2010 $170,284.61 10/19/2010 $100,027.57 6/10/2010 $186,217.85 11/3/2010 $101,129.89 6/29/2010 $214,902.73 11/16/2010 $93,476.52 7/14/2010 $252,036.94 11/19/2010 $98,791.50 8/6/2010 $266,367.50 1/4/2011 $101,105.58 9/8/2010 $235,903.62 1/28/2011 $103,830.68 10/18/2010 $272,324.55 2/2/2011 $110,776.02 11/5/2010 $290,262.41 2/10/2011 $112,961.74 11/24/2010 $290,262.41 2/28/2011 $118,848.07 1/4/2011 $295,892.19 3/22/2011 $123,051.96 1/28/2011 $302,475.31 3/29/2011 $128,089.84 2/3/2011 $313,276.46 5/4/2011 $140,184.97 2/23/2011 $328,751.70 5/19/2011 $140,699.30 3/25/2011 $367,501.20 5/27/2011 $142,650.12 4/25/2011 $408,785.56 6/15/2011 $143,554.52 5/31/2011 $408,785.56 6/27/2011 $148,148.50 6/13/2011 $499,460.98 7/21/2011 $153,788.65 6/27/2011 $508,310.72 7/27/2011 $535,143.01 9/7/2011 $543,997.11 And there might be the five or ten years of development you could be missing.
Also, my pairs trading model turns $10,000 into $543,000 in 5 years, and that is my objective on Covestor. I'm using both my system and Prof's so that when the two of them agree not only will the trade be more likely to win, but it's also much more profitable. So how does the system turn $10,000 into $543,000 (hypothetically I might add), but even in your hypothetical tracking account on Covestor, the best you've done is -9% thru 4 months? Sorry, but you've proven next to nothing with these hypothetical performances. I shudder to think that you are marketing your fund using something like that.
Well shudder or not that last trade is money in the bank, and it is real. I actually got a six cent higher fill on my last trade than the model on wl4.wealth-lab.com shows in the backtest. This is due to Interactive Brokers Execution Superiority and a really pessimistic market order execution algo on wealth-lab. I guess I should point out the difference in the two equity curves is that both are based on the same optimized values, but with logic that rather than immediately selling once it gets into a fair value range we are now holding until we go to the very opposite end of the spectrum, that is, we might take a short and hold until there is a long, stop, trail stop, target, or market order exit. The one on the right I've only used for this last trade if that explains something.
Yeah, I should probably invest $20 thousand on some high gloss paper and spend several thousand notarizing and printing a prospectus for approval that probably costs me $20 to send to anyone.
10k to 543k.... Wow. In a backtest. I'm in awe. Oh man where do I start... how about BoWo's system debunked: http://www.elitetrader.com/vb/showthread.php?s=&threadid=167686&perpage=10&pagenumber=61 6th post down just about sums it up. Too bad talon can't share in this thread
PS: Covestor is a live trading account. As far as knowing the difference between the theory and the results, it's pretty obvious I'm talking about what my models are doing, not how my Covestor account is doing. The S&P has fallen more after today.
I am trying to get my DDoc approved and I need some software from Prof to complete the hypothetical performance reports. I've been waiting to see his program before working on ultimately deciding which models I would like to trade. Most likely I will start out trading prop for the first few months, and once I have some customers I can start soliciting.