Hello Dave, Yes, that is my view but I hadn't spelled it out.
100% PA is quite achieveable for small traders but that would become more difficult as the account grows. I assume 90% of traders would be happy to cap their trading account at a manageable level and live off the proceeds, plus draw off the excess and invest it elsewhere, in which case the triple figures would continue. brian_z --- In amibroker@yahoogroups.com, "dave_88_1961" <[EMAIL PROTECTED]> wrote: > > > 100% can be made in the early years but as the account grows returns > diminish. > > Dave > > > --- In amibroker@yahoogroups.com, "brian_z111" <brian_z111@> wrote: > > > > > > >A profit of 1% per day, every trading day, grows so fast that the > > >account balance is larger than all the real estate in the US in just > > >a few years. > > > > Hypothetical numbers can be quoted to create a desired effect e.g. if > > we put it this way, things look a lot different: > > > > A trader starting with $100K who returns 100%PA on average, and > > trades for 10 years, would be able to afford to buy a home in San > > Jose Calfornia, but not the best one in the area. > > > > Do you think many traders with that kind of performance would > > continue to trade after 10 successful years? > > > > brian_z > > > > > > --- In amibroker@yahoogroups.com, "brian_z111" brian_z111@ wrote: > > > > > > I draw your attention to the following article, especially item 3: > > > > > > "Who is the most unusual trader you ever interviewed"? > > > > > > http://www.moneybags.com.au/profile.asp?id=1363 > > > > > > Two consecutive 300%PA plus public performances from Mark Cook. > > > > > > It is possible that he was just incredibly lucky (are we fooled by > > > randomness a la Taleb)? > > > > > > He was also incredibly lucky for a period spanning 6 years before > > > that (trading bonds and stock indexes!) > > > > > > Note that the period 1992-1993 when he publically achieved those > > > results was not a particularly outstanding two years for equities. > > > > > > brian_z > > > > > > > > > > > > > > > --- In amibroker@yahoogroups.com, "brian_z111" <brian_z111@> wrote: > > > > > > > > Howard, > > > > > > > > >Any time someone suggests a growth of more than about 40% per > > > year, > > > > >take that with a very large grain of salt. > > > > > > > > I expected you to disagree with my statement. > > > > I'm sure a lot of traders would be aghast at the numbers I quoted > > > as > > > > the theoretical potential. > > > > > > > > At his website Professor John Price posts audited returns of > > approx > > > > 20-25% PA over a 5 year period, or more, using simple Techno- > > > > fundamental methods (as I recall the figures). > > > > > > > > The caveat there is that the sample period is short and selective. > > > > > > > > Trading on margin that would return 30-35% PA with less than half > > > an > > > > hour a days work and no effort to use any other timing mechanisms. > > > > > > > > If your statement is true we can all give up any further efforts > > > and > > > > simple trade his method. > > > > > > > > Similarly, the ASX, which is a high dividend paying market (due > > to > > > > franking) has total returns of in excess of 15% PA on average > > over > > > > longer time periods. > > > > Using simple leveraged buy&hold strategies that is 20-25% without > > > any > > > > ongoing effort required what-so-ever. > > > > > > > > In "Stock Market Wizards", Schwager, Jack.D, Harper Business 2001 > > > the > > > > first page of the first chapter in the book quotes Stuart Walton, > > > > fund manager, who achieved "115 percent average annual compounded > > > > return in trading profits" un 8 consecutive years during the > > > nineties. > > > > > > > > As I understand it Schwager's books are well researched and based > > > on > > > > verifiable case studies? > > > > > > > > I only opened the book at the first chapter and didn't need to go > > > any > > > > further or to his other 2 books containing similar testimonies. > > > > > > > > brian_z > > > > > > > > > >
