## 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...

 Feb 3, 2011, 7:22pm #201 Joined Jul 2007 Re: Why do they do it? Well someone's done their maths wrong here.. and its probably Dante __________________ + £16,500 (+32%) in December, account statements here
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Feb 3, 2011, 7:33pm   #202

Joined Aug 2008
Re: Why do they do it?

Quote:
 Originally Posted by new_trader 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...
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Feb 3, 2011, 7:43pm   #203

Joined Aug 2005
Re: Why do they do it?

Quote:
 Originally Posted by new_trader 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.
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 Feb 3, 2011, 7:49pm #204 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.
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Feb 3, 2011, 8:04pm   #205
Joined Apr 2006
Re: Why do they do it?

Quote:
 Originally Posted by TheBramble 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.

Feb 3, 2011, 8:04pm   #206

Joined Aug 2005
Re: Why do they do it?

Quote:
 Originally Posted by meanreversion 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.

:-)
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Feb 3, 2011, 8:15pm   #207

Joined Jan 2007
Re: Why do they do it?

Quote:
 Originally Posted by the hare 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.

Feb 3, 2011, 8:20pm   #208

Joined Jan 2006
Re: Why do they do it?

Quote:
 Originally Posted by trader_dante 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.
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