Oh. I thought the 100percent return was compounded to $150k. he could be an exceptional day trader. There are day traders who put up 200-300k consistently with non-scalable strategies. I didn’t know such a guy but my friend did. The guy was leasing a desk at the hedge fund he was working at. He would sweep out 100k every time he earned that much.
@globalarbtrader yes I saw that on Fundseeder too and joked to my friend that he could be from Ren Tech haha
Covid/boredom got me back in the game(retired a while back),and it's only been a year,but my numbers are very similar.. I think this will be a much tougher environment for the "inneficiencies/skew" trades exploited last year,so I am reluctant to speak with such a small sample size.. FWIW,I was short skew in mega cap names,along with sit strike flys..I also made 20 percent on pure option mispricing...
Shades of Bernie Madoff who claimed 77 straight trades without a single loss? Any idiot who claims they never have a losing trade is probably, the biggest liar out there. Everyone who trades will experience losses at some point, no matter how good the setup. This guy needs to be avoided, not followed. The dumb leading the dumb.
Well it depends. If the calculation period is EOD (or even weekly/monthly) then basically all intraday fluctuations are excluded. Or is it at the every closed trades which may not enough either. This was my original question that do you exactly know the method ?
Yes it's daily returns. So you are right, won't include intraday drawdowns. I wouldn't imagine they are very significant however. GAT
Impressive return in relation to the very small draw-down, what's really mind altering is his daily Gain-to-pain ratio over the last 5 years - that is remarkable.
Ok. If they could disclose the # of trades, avg loss, avg win and loss% we could get a much better picture of the quality.