Why do they do it?

This is a discussion on Why do they do it? within the General Trading Chat forums, part of the Reception category; Well someone's done their maths wrong here.. and its probably Dante...

Reply
 
LinkBack Thread Tools Search this Thread
Old Feb 3, 2011, 7:22pm   #201
 
BlackBison's Avatar
Joined Jul 2007
Re: Why do they do it?

Well someone's done their maths wrong here.. and its probably Dante
BlackBison is offline Coach/Trainer   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Feb 3, 2011, 7:33pm   #202
 
megamuel's Avatar
Joined Aug 2008
Re: Why do they do it?

Quote:
Originally Posted by new_trader View Post
You're confusing me TD

keep it simple. This is how I calculated it, tell me where I am going wrong. The total gain should be +1269.5% shouldn't it, assuming a starting balance of £1000?

-14.42 ----- 0.8558 ----- £855.80
208.06 ----- 3.0806 ----- £2,636.38
57.53 ----- 1.5753 ----- £4,153.09
-17.11 ----- 0.8289 ----- £3,442.49
1.92 ----- 1.0192 ----- £3,508.59
18.67 ----- 1.1867 ----- £4,163.64
68.99 ----- 1.6899 ----- £7,036.14
-25.71 ----- 0.7429 ----- £5,227.15
88.12 ----- 1.8812 ----- £9,833.31
-31.49 ----- 0.6851 ----- £6,736.80
23.35 ----- 1.2335 ----- £8,309.84
64.81 ----- 1.6481 ----- £13,695.45
According to his equity chart his balance is not £13,695.45, it is just under £10k. Remember he took his initial deposit out in July...
__________________
"I have not failed. I've just found 10,000 ways that won't work."
Thomas A. Edison
megamuel is offline   Reply With Quote
Old Feb 3, 2011, 7:43pm   #203
 
trader_dante's Avatar
Joined Aug 2005
Re: Why do they do it?

Quote:
Originally Posted by new_trader View Post
You're confusing me TD

keep it simple. This is how I calculated it, tell me where I am going wrong. The total gain should be +1269.5% shouldn't it, assuming a starting balance of £1000?
Hi New_Trader,

The exact starting balance was £999.50 on 1st May 2009. It moved as follows:


May 2009 ----- £1,038.24
June 2009 ----- £908.30
July 2009 ----- £777.30
Aug 2009 ----- £777.30
Sep 2009 ----- £1,889.80
Oct 2009 ----- £2,977.01
Nov 2009 ----- £2,467.77
Dec 2009 ----- £2,515.27
Jan 2010 ----- £2,984.77
Feb 2010 ----- £5,044.86
Mar 2010 ----- £3,747.50
Apr 2010 ----- £7,050.06
May 2010 ----- £4,829.69
Jun 2010 ----- £5,957.50
Jul 2010 ----- £9,511.45

************************************************** *************

Jul 2010 ----- Withdraw £1,985 (inc. £15 payment charge) ----- £7,511.45

I assume maybe I made a mistake somewhere with the percentages, whilst I was trying to short Cable, bid for Gold, explain to a room full of people my reasoning and toting up my returns on a solar powered calculator in the darkness.
__________________
Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html

Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html

Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html
trader_dante is offline Coach/Trainer   Reply With Quote
Old Feb 3, 2011, 7:49pm   #204
 
arabianights's Avatar
Joined Jan 2007
Re: Why do they do it?

why not ask scose to be yer accountant?
__________________
World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
arabianights is offline   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Feb 3, 2011, 8:04pm   #205
Joined Apr 2006
Re: Why do they do it?

Quote:
Originally Posted by TheBramble View Post
Does that include Bertie's stint on board The President at £5000 a pop?
As I've stated before, I would have happily paid 5K to see dunces locked in a cupboard or tied to a chair with a bag over their heads

The thing about Mr Socco though is he actually does know what he's talking about.
the hare is offline   Reply With Quote
Old Feb 3, 2011, 8:04pm   #206
 
trader_dante's Avatar
Joined Aug 2005
Re: Why do they do it?

Quote:
Originally Posted by meanreversion View Post
trade2win is lahk a bahx of chahcolates , you never know what yor gonna get.
LOL, that's why we love T2W.

Make a claim of outside returns. You're a scammer with no record.

Make a claim of outside returns and back it up with a record. You're a scammer on a luck streak.

Make no claims. Show no records. Start a journal.

You're the pinnacle of veracity.

:-)
__________________
Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html

Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html

Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html
trader_dante is offline Coach/Trainer   Reply With Quote
Thanks! The following members like this post: HowardCohodas
Old Feb 3, 2011, 8:15pm   #207
 
arabianights's Avatar
Joined Jan 2007
Re: Why do they do it?

Quote:
Originally Posted by the hare View Post
As I've stated before, I would have happily paid 5K to see dunces locked in a cupboard or tied to a chair with a bag over their heads

The thing about Mr Socco though is he actually does know what he's talking about.
I rather wish they'd unblock him here... although whether he'd return...?
__________________
World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
arabianights is offline   Reply With Quote
Old Feb 3, 2011, 8:20pm   #208
 
new_trader's Avatar
Joined Jan 2006
Re: Why do they do it?

Quote:
Originally Posted by trader_dante View Post
Hi New_Trader,

The exact starting balance was £999.50 on 1st May 2009. It moved as follows:


May 2009 ----- £1,038.24
June 2009 ----- £908.30
July 2009 ----- £777.30
Aug 2009 ----- £777.30
Sep 2009 ----- £1,889.80
Oct 2009 ----- £2,977.01
Nov 2009 ----- £2,467.77
Dec 2009 ----- £2,515.27
Jan 2010 ----- £2,984.77
Feb 2010 ----- £5,044.86
Mar 2010 ----- £3,747.50
Apr 2010 ----- £7,050.06
May 2010 ----- £4,829.69
Jun 2010 ----- £5,957.50
Jul 2010 ----- £9,511.45

************************************************** *************

Jul 2010 ----- Withdraw £1,985 (inc. £15 payment charge) ----- £7,511.45

I assume maybe I made a mistake somewhere with the percentages, whilst I was trying to short Cable, bid for Gold, explain to a room full of people my reasoning and toting up my returns on a solar powered calculator in the darkness.
OK. I think I've done this correctly and I don't see a +200% anywhere. This is why I am always skeptical about % returns. A 100% gain is a doubling whereas some might use 200%...not saying you did!

£999.50 ------ Gain/(Loss)
£1,038.24 ------ 3.88%
£908.30 ------ (12.52%)
£777.30 ------ (14.42%)
£777.30 ------ 0.00%
£1,889.80 ------ 143.12%
£2,977.01 ------ 57.53%
£2,467.77 ------ (17.11%)
£2,515.27 ------ 1.92%
£2,984.77 ------ 18.67%
£5,044.86 ------ 69.02%
£3,747.50 ------ (25.72%)
£7,050.06 ------ 88.13%
£4,829.69 ------ (31.49%)
£5,957.50 ------ 23.35%
£9,511.45 ------ 59.66%

Total ------851.60%

If I've done something wrong it's because I've got 3 gorgeous blondes pole dancing in my living room vying for my attention while I'm trying to figure out if I should go short or long the ES.
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Feb 3, 2011, 8:24pm   #209
 
BlackBison's Avatar
Joined Jul 2007
Re: Why do they do it?

Quote:
Originally Posted by new_trader View Post
....If I've done something wrong it's because I've got 3 gorgeous blondes pole dancing in my living room vying for my attention while I'm trying to figure out if I should go short or long the ES.
BlackBison is offline Coach/Trainer   Reply With Quote
Old Feb 3, 2011, 8:24pm   #210
 
arabianights's Avatar
Joined Jan 2007
Re: Why do they do it?

Quote:
Originally Posted by TheBramble View Post
Given this some thought.

I wonder why, apart from you few delusional types that keep coming over here because you can't get enough traffic to keep your interest on the other site, nobody seems to share your view?

Nobody that was here at the time, none of those that paid him for his courses. Nobody. Not even the press has a positive word to say for him.

As a site traffic generator (hence my irony comment on a post a few weeks back where you brought the subject up ) there were few to match him. In that respect, I'm fairly certain t2w would welcome him back.

As would I. There are none that come anywhere close to bringing out the best in me...
Of course some people (especially at "the other place") would see this as more evidence of his genius
__________________
World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
arabianights is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)