Whole Concept Of Track Record is STUPID!

Discussion in 'Trading' started by virtualmoney, Oct 18, 2007.

  1. 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

  2. If it was that easy, POST your track record !!!
  3. cvds16


    Yeah right, that's gonna happen ... in your dreams !
  4. gnome


    The concept of "track record" includes ALL of your trades over time... not just the winners.
  5. ElCubano


    not for MR.Market....if the positions arent closed they are neither winners or losers...:p
  6. Urkel


    Please refrian from posting here again.
  7. gnome


    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.
  8. It's not only the winning trades but the net profit of a winning acct.
  9. Who's going to report all the accounts. Traders have so many accounts. Really dumb.
  10. gnome


    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!
    #10     Oct 18, 2007