Full time trading does it really pay

This is a discussion on Full time trading does it really pay within the General Trading Chat forums, part of the Reception category; Originally Posted by JRP2891 Exactly, i'm glad someone else thought the same. Stop taking the p1ss Howard. Stop? I think ...

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Old Jan 16, 2011, 3:19am   #51
Joined Jan 2011
Re: Full time trading does it really pay

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Originally Posted by JRP2891 View Post
Exactly, i'm glad someone else thought the same. Stop taking the p1ss Howard.
Stop? I think you'll find he's only just started - he hasn't even begun selling yet .
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Old Jan 16, 2011, 3:41am   #52
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Re: Full time trading does it really pay

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Originally Posted by Pazienza View Post
Stop? I think you'll find he's only just started - he hasn't even begun selling yet .
A five month track record (track record in the loosest possible terms), and he's about to "start" selling his wisdom and experience, you really couldn't write it!
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Old Jan 16, 2011, 3:57am   #53
Joined Mar 2010
Re: Full time trading does it really pay

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Originally Posted by JRP2891 View Post
A five month track record (track record in the loosest possible terms), and he's about to "start" selling his wisdom and experience, you really couldn't write it!
Doesn't he do like 1 trade a month aswell? I think even if he was trading 10 times a day i wouldn't call it a track record.
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Old Jan 16, 2011, 4:03am   #54
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Re: Full time trading does it really pay

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Originally Posted by brettus View Post
Doesn't he do like 1 trade a month aswell? I think even if he was trading 10 times a day i wouldn't call it a track record.
It's pretty bizarre. For what it's worth I think he's genuinely deluded, which at least is better than many vendors.
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Old Jan 16, 2011, 4:23am   #55
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Re: Full time trading does it really pay

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It's pretty bizarre. For what it's worth I think he's genuinely deluded, which at least is better than many vendors.
I'm up this year. Anyone want to invest?
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Old Jan 16, 2011, 4:28am   #56
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Re: Full time trading does it really pay

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Originally Posted by brettus View Post
I'm up this year. Anyone want to invest?
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Old Jan 16, 2011, 4:33am   #57
 
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Re: Full time trading does it really pay

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Originally Posted by brettus View Post
Doesn't he do like 1 trade a month aswell? I think even if he was trading 10 times a day i wouldn't call it a track record.
There is a record in this forum of my performance in 5.5 months. A few highlights follow.

View: Performance statistics as spreads (not Iron Condors)
PHP Code:
1/15/11

Total closed spreads
:       62
Profitable spreads
:         58
Percentage Profitable
:      94%
Average profit per spread6.1%
Unprofitable spreads:        4
Average loss per spread
:   9.3%

How were spreads closed?
Rolled spreads:             21
Exited spreads 
(last day):   9
Expired spreads
:            32 
Another view: Month on month return in account
PHP Code:
Aug  7.4%
Sep  7.7%
Oct 11.3%
Nov 11.2%
Dec 15.1
You may or you may not consider this a "track record," as you like.
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Old Jan 16, 2011, 4:38am   #58
Joined Jan 2011
Re: Full time trading does it really pay

Howie, I thought you were going to set up a closed thread. Do that and you can pimp your garbage based on your silly fantasies in peace without interruption.

Or are you here to tell more lies about our little exchanges? That is, unless you're confused about what happened - let me know and I'll remind you again. Or perhaps it is my "communication skills" letting me down ?

Blah, blah, blah - a conclusive argument in your book .

Last edited by Pazienza; Jan 16, 2011 at 4:48am.
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Old Jan 16, 2011, 4:49am   #59
Joined Mar 2010
Re: Full time trading does it really pay

Quote:
Originally Posted by HowardCohodas View Post
There is a record in this forum of my performance in 5.5 months. A few highlights follow.

View: Performance statistics as spreads (not Iron Condors)
PHP Code:
1/15/11

Total closed spreads
:       62
Profitable spreads
:         58
Percentage Profitable
:      94%
Average profit per spread6.1%
Unprofitable spreads:        4
Average loss per spread
:   9.3%

How were spreads closed?
Rolled spreads:             21
Exited spreads 
(last day):   9
Expired spreads
:            32 
Another view: Month on month return in account
PHP Code:
Aug  7.4%
Sep  7.7%
Oct 11.3%
Nov 11.2%
Dec 15.1
You may or you may not consider this a "track record," as you like.
You have 58 trades with an average profit of 6.1% and 4 trades with an average loss of 9.3%. So 316%. Whats 6.1%? Of your account? Of the stock value?

I can't really knock that. I still think with the number of trades you are doing, you need at least a year. The market has suited your strategy recently aswell.
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Old Jan 16, 2011, 4:56am   #60
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Re: Full time trading does it really pay

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Originally Posted by brettus View Post
You have 58 trades with an average profit of 6.1% and 4 trades with an average loss of 9.3%. So 316%. Whats 6.1%? Of your account? Of the stock value?

Don't try getting into that - the debate has been rumbling on for years on his thread. But no, it's not a percentage of account value.

I can't really knock that. I still think with the number of trades you are doing, you need at least a year. The market has suited your strategy recently aswell.

And don't tell him that either, he doesn't like it. See his thread for a full and somewhat gruesome expose from people who know a little more about options than Howie does.
.
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