BOB you are one of best posters I have followed in terms of successful picks, and that is saying much because I devote much time to that investigation.
However in response to your performance observations I just wish to offer some thoughts, as it is a topic which i find very interesting. I would like to offer this observation : over all yearly returns can be greatly affected by small multiple profits; however I am getting ahead of myself by presuming you are following the same investment narrative I take for granted.
Before Internet existence and almost insignificant commissions, the benchmark for an excellent stock picker (who devoted full time attentions) was to consistently garner a return more than a few %'s better than the general indices, and to repeat such performance in subsequent years.
Once the Internet florished and a sizable amout of posters could be followed via the archives, enhancing the ability to match historical price histories with their live time past posts, it became evident to me, that there was an elite small number of posters who were repeating offering astounding picks. I will get back to that thought in a minute.
Anyway, in short order, I wondered what type of return would a full time stock picker need to obtain to offset perhaps leaving a relatively nice paying job, say $150,000, for the
chance to rely on his full time stock picking abilities. It is here that I would personally have a sense that that individual would have to make about $200K just to offset
additional taxes and health insurance premiums, and that perhaps he would not be left with very much at all if he had any size, even a small family, while enduring separating from a former clear carreer path. Thus to me, an annual return of 300% is only the sustainable beggining, to suspect, that this full time devotion to stock selection could work ie. real additional net income.
By the way, I am assuming the investor is working with about 200K, utilizing margin and starting to use options and puts for just a small part of his investment stratergy.
I also assume only from my message reading diligence that some of the better stock picking uh gurus (daytrading sell off types at end of day excluded, as 1000% should be par for the course to the Doyle Brunson types) do almost twice as well automatically just from noting that a revist to a dedicated audience can reawaken a stock already moving forward for a brief period, a spec of a captured span mutiplied at least weekly.
I note that a highly evolved non rigorously daytrading type is always thinking like a retail store inventory managment artist. That person is always measuring risk with time span holdings. Holding an equivelent of even a two bagger for a year,
as a bench mark of performance of the whole portfolio, may be on the edge of failure for this career path jumper.
The actuary suseptiple "Lman" can probably extrapolate what mere daily 2% masterminded forays into closed executed keeps could reep a year.
I wish in no way to alter your superb investment style or even interfere with it unless it guaranteed an even larger future return (as I am already indebted to you for foistering real money into my pockets from convincing me of your competence to make me suseptible to even buying the abhorent pinkies). An investor must be guided by his own temperment and knowledge of his presence of mind to commit to any new investment stratergies. Longingly I looked at ADST over past few months move about 50% upward, yet within that roller coaster was a 3-4 bagger with slopy executions, if that investor was convinced of its forward course and commited to those short trading channel executions; that is, many times masking a 50% rise in a stock was a 400%+ rise annualized to 1200%, if one was to calculate what close to perfect trades would have offered.
So many frontiers to conquer!!!!!!!!!!!