went from 39% to 450% return, looking for prop firm

Discussion in 'Professional Trading' started by mitwave, Jul 4, 2010.

  1. Ah, now we get to the crux. mitwave is trolling for $$$ support. Paper profits appear to be his reality.
    #21     Jul 8, 2010
  2. mitwave


    I trade 2 IB accounts that are real funds. Yes I was looking for money partner in the beginning. That is how i got the 2 IB accounts. Now i have the data for proof and my own money now to trade for myself. Since I do not have a lot of money I thought a prop firm would give more buying power. I will also keep the 2 IB accounts for my income.
    #22     Jul 9, 2010
  3. GTS


    Since when?

    Meaning which, if any, of these returns are based on actual trading results and not SIM:

    2005 = 39%,
    2006 = 110%,
    2007 = 145%,
    2008 = 220%,
    2009 = 450%.
    #23     Jul 9, 2010
  4. mitwave


    in 2005, 30k account and 2010 70k account. At the end of each month the profits are taken out of the account since there are no over night positions. Then i get paid my part. Since 2002 until 2010 I also traded with IB simulator for testing. It ran side by side with the real account. All i am looking for is help is finding a register firm.
    #24     Jul 9, 2010
  5. So you started with 30k and had those returns? That you would mean you would have close to $4mil in capital right now and that is assuming no leverage.

    You obviously fail to realize that any credible prop firm would scrutinize your returns. You can write a PM to Don Bright at any time as they do extend a lot of leverage.

    But really, I think it's fairly obvious that your returns are pure BS.
    #25     Jul 9, 2010
  6. mitwave


    30000 x 450%= 135,000.
    I wish it was millions. Out of that i get 25%
    #26     Jul 9, 2010
  7. heech


    !?!?!? The numbers you've given, they are *cumulative* returns, not annualized?
    #27     Jul 9, 2010
  8. GTS


    Still trying to come to grip with that statement. What does not having overnight positions have to do with taking profits out of the account monthly versus compounding gains by leaving some (or all) of the profits in the account?
    #28     Jul 9, 2010
  9. You probably may need to re-read your original post. You gave annual returns.
    #29     Jul 9, 2010
  10. My grandmother used to say that if you're going to be a liar you gotta have a good memory :p
    #30     Jul 9, 2010