steve, it's not specific traders i am competing with, it's their returns (in turn based on their unique systems which are actually my main focus and not the individuals)...
as long as they they generate approx 10% a month compound returns (without leverage) or 20% a month compound returns (with leverage) they are on my list...when they (i.e. their systems) start underperforming, i may have to remove them from my list...
KT and wahz have been able to do it in 2003 (KT at 10% a month compounded through end of march with NO leverage equivalent to 20% a month with FULL leverage and wahz also at 10% a month with NO leverage when his returns are adjusted for margin he sometimes utilizes)...the other two trade options and futures and have been realizing approx 20% a month compound returns through end of march according to my estimates and their records...
steve, your returns were about 8% a month compounded in 2003 using full leverage (profunds) through end of march similar to the returns of hul who also trades profunds with full leverage...these are great returns and much better than mine in 2003 and yet my principal focus is on SYSTEMS that allow for 20% a month returns on a full leverage basis...
the only vexing question in my mind is whether the fact that KT trades at the market open (once a day) and wahz trades intraday gives them a SYSTEMATIC advantage over someone who trades profunds strictly at eod...i am monitoring their trades very carefully to see if this is the case...
right now i tend to believe that KT trading results can be duplicated with eod profunds trading but i am not sure about wahz yet...
once i start trading my theories will be put into practice...i obviously dread the thought <ggg> (will it ever happen though as i seem to be only good in paper trading?...well, some people like me like to live in fantasy world forever, no? <ggg>)
