That information tells me absolutely nothing about risk. I could give two shits about the upside of any trader. I care about the downside. Trader might have half the variance of the first trader. And like the others, I have to come down on you for the math. You did ask about the math after all. Trader 2 is not making 20% per month, he is making 2% per month. I think that was just a typo on your part. The other part is not, 3% a month annualized is not 12 times 3. You have to continuously compound the 3% so the trader is actually making less and less each month to get to the 36%. I know I'm anal about this but all you guys who claim to be traders and struggle with 8th grade math is worrisome. Math is very important to understanding risk. If you get the math wrong, you get the risk wrong. And that's not good. So the answer to 3% a month is about 42.5%, not 36%. And yes, it makes a HUGE difference over time. At 2% a month it comes out to 26.8% roughly not 24%.
I actually know Larry. He has been criticized in the past for that above claim. He use to have another site where he posted a screenshot of one of his clearing sheets detailing his 1.9 million profit. What he left out was that he made that money the way all guys made their money back in the late 90's, by arbing the big S&P against the mini. Guys were still doing that even as recently as a few years ago. If you do a search on ET it has been discussed along with his previous venture. This was the guy that was offering a course for 25k that included a night out on the town in a limo and some crystal champagne. LOL.
Here are some of the Larry highlights: http://www.elitetrader.com/vb/showthread.php?s=&postid=1823138&highlight=larry+levin#post1823138 http://www.elitetrader.com/vb/showthread.php?s=&threadid=146021&highlight=larry+levin http://www.elitetrader.com/vb/showt...&perpage=6&highlight=larry levin&pagenumber=3 http://www.elitetrader.com/vb/showt...&perpage=6&highlight=larry levin&pagenumber=4
Do you think that has anything to do with all the trolls who infest those threads? It's a rhetorical question btw.
Is TopStep still doing anything for elite traders like giving them free or discounted combines? Been practicing to meet their parameters for quite awhile. I am ready to give combine a try now.
Yes. ET members get 20% discount when renting Michael's Penthouse, assuming you clean the windows and fill up the fridge: https://www.airbnb.com/rooms/984850