Only 9% of traders earn positive lifetime net returns

Discussion in 'Trading' started by Prospergain, Jan 11, 2025.

  1. Businessman

    Businessman

    ET not as bad as many other forums I visit (non trading), I find its more clueless posters than nasty ones on here.
     
    #71     Jan 12, 2025
  2. ironchef

    ironchef

    In my book, you both are good guys, often tried to be helpful to us amateurs.:thumbsup:
     
    #72     Jan 12, 2025
    Prospergain likes this.
  3. deaddog

    deaddog

    To answer the OPs question, how did you get into a position to manage OPM?
    I do it on a much smaller scale, as a volunteer because no one else wants to do it.
     
    #73     Jan 12, 2025
    Wide Tailz, ironchef and Prospergain like this.
  4. Businessman

    Businessman

    OP your back test shows 100% average return with max 72% drawdowns.

    You need to down scale this to 20% returns and 14% max drawdowns, or 40% returns and max 28% drawdown for investors who can stomach more risk.

    I did manage other peoples money once, a long time ago. Had two friends who put up $50K each and I put that much as well. And we traded the $150K, although we only put $50K into the trading account to cover margin. The rest was held in reserve and never went into the trading account as we never lost much of the starting 50K.

    After three years we made about $150K total profit. Which was good but also disappointing as I 'promised' them we would make much more than that after 3 years. Something like we would make $300K in just the first year lol. I was just starting out back them and over estimated how good the system I had at the time really was.
     
    Last edited: Jan 12, 2025
    #74     Jan 12, 2025
    Prospergain likes this.
  5. ironchef

    ironchef

    Good suggestion.
     
    #75     Jan 12, 2025
  6. VOLdemort

    VOLdemort

    Serendipity. I met a fund manager in an airport lounge which led to managing a ~$15MM book in the early 2000s.
     
    #76     Jan 12, 2025
    deaddog likes this.
  7. VOLdemort

    VOLdemort


    Bot denied.

    He's asking for advice based upon a spurious backtest. In metatrader. When asked about his real money performance he has nothing to prove.

    metatrader is CFDs. Worthless. And add insult to injury there is no real money performance to be offered. Literally nobody is going to be staked on a backtest.

    You may be r*******.
     
    #77     Jan 12, 2025
  8. Businessman

    Businessman


    The myfxbook does seem to track a 'funded' account that made a 100% return, (although I'm not familiar with the platform so can't verify if it is legit but no was said it isn't yet)

    https://www.myfxbook.com/community/trading-systems/funded-instatrader/3088796,1
     
    #78     Jan 12, 2025
  9. ironchef

    ironchef

    Where are you @Overnight we need you here.:D

    Actually he is one of my favorites, bad temper, outspoken, yell at me all the time but honest and a straight shooter.
     
    #79     Jan 12, 2025
  10. VOLdemort

    VOLdemort