I can hold 2 or 4 accts of opposite portforlios each say having 15 or more instruments (stocks, indices, FX). As long as one of these accts goes up by 200% or more in 2 to 3 years, I stand a chance to enter an institute. Just square off and apply for your hedge fund manager job. Whether I perform thereafter does not matter as long as I get my fund manager's pay, perks and carry my bosses (O.O) , Carry ON! just like housewives carrying trades
If that's the case, it's just bluster. As far as the SEC and NASD are concerned, a "track record" is auditable. If you say "anything" about performance, you MUST say "everything"... that would include "mark to market" on open positions. And BTW, if you have a break in your track record, everything before the break is considered as void. That keeps the dishonest from losing a lot but claiming "didn't trade during that period". A genuine track record which is long enough and while no guarantee of future results, is a valuable tool for assessing market ability.
If you're going to talk "track record", it will be the sum of all accounts.... and usually weighted by capital. I remember a few years ago someone boasting of his 60% or so return in Fidelity Select (sector) mutual funds. When asked, "what percentage of your capital was in those funds", he said "5%". When asked, "where was the rest of your money", he said "T-Bills". So in spite of his 60%, his track record was BFD!