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Outperforming the S&P 500
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Created: by Big Mike Attachments:5

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Outperforming the S&P 500

  #21 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received


Big Mike View Post
Continuation of topic, new poll

Did you outperform the S&P 500 in 2014 (11.4% return)?

Total votes: 274
 


Mike

As of my post, the majority (62%) underperformed the S&P 500 last year. I would guess most of those actually had negative returns last year (lost money).

I simply hope these guys are taking some advice and following some of the wisdom I've accumulated over the years. Stop scalping. Start being accountable to yourself. Stop paying any third party vendor/room. Trade "I don't care size", this likely means most all of you need to stop trading futures altogether and trade equities instead (swing trading).

At least by doing these things you will greatly increase your chances. If you aren't doing them, you are just throwing your money away in my opinion.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #22 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received


ron99 View Post
2014 was an extremely good year for me. Well above 11.4%. Best year ever dollar wise and 2nd percent wise in 16 years.

Hi @ron99, glad to hear it. I am curious how you measure your % gain. Do you use a baseline amount (ie 100,000 capital) or do you calculate a real-time percent gain per trade that dynamically adjusts to your current account balance, and if so how do you account for wire/ACH out (paying yourself)? Are you doing this yourself in Excel, or does your broker provide it?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #23 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received


For the record, here is my return YTD. One of the reasons I like InteractiveBrokers is for their advanced reporting mechanisms.

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It's also only fair to show the risk side. There have been a few bad days. I've been working to increase my size this year. I always try and show the ugly side, and I never pretend to be some fantastic trader.

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Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #24 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,727 since Jul 2011
Thanks: 793 given, 4,777 received


Big Mike View Post
Hi @ron99, glad to hear it. I am curious how you measure your % gain. Do you use a baseline amount (ie 100,000 capital) or do you calculate a real-time percent gain per trade that dynamically adjusts to your current account balance, and if so how do you account for wire/ACH out (paying yourself)? Are you doing this yourself in Excel, or does your broker provide it?

Mike

I'm using XIRR function of Excel. It calculates gain figuring timing of deposits/withdrawals.

See sample Excel spreadsheet.

Attached Files
Register to download File Type: xlsx XIRR.xlsx (10.3 KB, 22 views)
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  #25 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,727 since Jul 2011
Thanks: 793 given, 4,777 received

Here are my daily gain/loss percents. Done in excel. Deposits and withdrawals removed before start of day. I have been trading since 1998 but started this chart mid 2010.

In late 2012 and most of 2014 I was in milk futures. Most of the rest is selling options. The ugly day Dec 2013 was being on wrong side of NG with short calls.

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  #26 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received

Nice work @ron99. I hope more will share their results.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #27 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,727 since Jul 2011
Thanks: 793 given, 4,777 received

I'd share my 2014 results but I fear people wouldn't believe it. I don't have a printout from a broker because I trade at multiple brokers in multiple accounts.

But, Big Mike, you shared your fantastic results so far this year.

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The following user says Thank You to ron99 for this post:
 
  #28 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,351 given, 83,221 received


ron99 View Post
I'd share my 2014 results but I fear people wouldn't believe it. I don't have a printout from a broker because I trade at multiple brokers in multiple accounts.

But, Big Mike, you shared your fantastic results so far this year.

You should share. In particular if it includes risk measurement.

I barely traded in 2014, the first half of the year was moving to Ecuador which just about killed me. I only seriously started again around September, and it was around then I started sharing all my trades and stats in my journal.

Sent from my phone

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #29 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,113 since Dec 2013
Thanks: 1,744 given, 3,335 received
Forum Reputation: Legendary

Question.
How do you calculate % return?
If you have $150k in Trading Capital but only keep $50k in your trading account is your return based upon $150k or $50k?

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  #30 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,727 since Jul 2011
Thanks: 793 given, 4,777 received



SMCJB View Post
Question.
How do you calculate % return?
If you have $150k in Trading Capital but only keep $50k in your trading account is your return based upon $150k or $50k?

Depends if the extra $100k is planned to be used or not to cover losses. If it is part of the trading strategy then yes base on $150k.

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