MrMarket, No doubt about it, those results are HUGE!!! You should be running the Boss's money for him.
This is the traditional TA philosophy and is the "wisdom of the street", but do we know that 30-40% drawdowns are unacceptable on the elite stocks? I don't think anyone has backtested this (and it would be tough because of bias), but perhaps 30-40% drawdowns are acceptable with mr m's investing style of only "buying the best"? Perhaps it's all relative? Isn't a 7-8% drawdown for a 15% gain is the same as a 30-40% drawdown for 70% gain? I dislike holding things more than a few nights and most everyone on this board is the same. But I don't think anyone has proven that what he's doing is a bad way to invest. His style is still very new...
What's better mr market: 1mil position in QQQ gaining 15% OR 90 10K positions in the NDX components, each of which are 15% winners, and 10 other positions losing 25%? Get the point? Good.
just going on a percentage is to little info. whats the profit factor, whats the ave w/l ratio. multiply the % by the profit factor times the w/l ratio and if you are above 1.0 then fantastic.
Right...or to put it simpler. Depends on how much you made on the winners and how much you lost on the losers.