My job is holding me back

Discussion in 'Trading' started by Jdesey, Dec 26, 2022.

  1. deaddog

    deaddog

    OK Let's try a different approach. Are you as consistant as you would like to be?

    You state that if a trader has a proper edge, they should be able to easily make 6k per day with a 100k account. To someone who is just starting that is a pretty lofty goal. What I'm wondering is if you have developed the proper edge and are achieving that kind of result or if it's just a theory that hasn't been proven yet.

    oops!! Missed a post where you answered that question!!
     
    #41     Dec 26, 2022
    countryBoy641 likes this.
  2. I don't concern myself with "championships" man. Do not mean that in a smart way either. I am using math to determine how aggressively I can trade based on my strategy, stop loss and r/r. That's all that concerns me is the math.
     
    #42     Dec 26, 2022

  3. I have the edge for 1-2k a day consistently on 50k I know that. So, I know it's good. Don't completely know if it's just good or really good. I'll find out.
     
    #43     Dec 26, 2022
    Tradess0610 likes this.
  4. deaddog

    deaddog

    I'm impressed!! Hope it holds out. All the best!
     
    #44     Dec 26, 2022

  5. I mention actual math, you mention return rate(which can be arbitrary and irrelevant as I explained) and you mention a championship challenge.

    It's better if you could attack my math and tell me how that is wrong. Otherwise what does it matter what language we're speaking if the math is solid?
     
    #45     Dec 26, 2022
  6. tomkat22

    tomkat22

    If a hedge fund reached out to you tomorow and wanted to hire you with a starting salary of 300k but first they needed to see how well or poorly you did in 2022 how are you going to show them?
     
    #46     Dec 26, 2022
    semperfrosty likes this.
  7. taowave

    taowave

    I wouksnt call Buffet a swing trader...

    Value investor yes,Swing trader No..

    I'm on the Kulmagi bandwagon


     
    #47     Dec 26, 2022
    SunTrader likes this.

  8. Some hedge funds don't necessarily even require one year results if you have connections, that's neither here nor there though. If I have yearly results sure I'll show them and it will include my rate of return. Obviously they will be looking at both things. This is turning into such a pointless debate now.

    Obviously they are both important measurements. But my point is also about mentality, lots of people mention rate of return, the more important part is how you are getting that return. That is my main point. If you focus on the process and risk management, the growth will come. Focus on your return rate is not a good mentality. Let's just say for me personally than as to avoid debate. When I focus on points I have to risk to make money. I do much better as opposed to thinking about the money.
     
    #48     Dec 26, 2022
  9. taowave

    taowave

    I see where you are going,but that is not how hedge funds look at it..

    Decent metric,but a small peice to the puzzle...

    Go look for money (for shits and giggle),and the first 2 questions asked will be rate of return and worst drawdown( maybe peak to trough)...




     
    #49     Dec 26, 2022
    Rams Fan likes this.
  10. tomkat22

    tomkat22

    That's a bizarre way of looking at it,but hey ,you do you.
     
    #50     Dec 26, 2022
    taowave likes this.