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ustonapc
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How's this for "proof"? It's a screenshot from Fidelity with the account numbers blacked out. All the figures are as of 12/31/21 and are annualized. The "Total" line is the pertinent one. Also I use some margin in the cash account. My margin debt right now is 14.5% of my total funds. Yuval, Thanks for the screenshot and letting us know you trade in margin. Without leverage, the return is closer 60% from my calculation. (the return is similar to your "crazy return microcap designer model") This is still 1/3 lower than the 100%+ return that was stated from trading small caps/microcaps with P123. I will highlight again that there are hedge funds, mutual funds and actively managed ETFs that play in this space. Regards James ![]() ![]() |
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rtelford
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OK, here is performance from my bank(s) as well. Descriptions of each account/strategy in the pic filename. Blue rectangles hide account numbers. ** EDIT - first pic is incorrect, but cannot delete. Correct pic added at bottom.*** ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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last edit by
rtelford
at Jan 14, 2022 3:50:29 PM
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yuvaltaylor
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Without leverage, the return is closer 60% from my calculation. (the return is similar to your "crazy return microcap designer model") This is still 1/3 lower than the 100%+ return that was stated from trading small caps/microcaps with P123. No. The return on my positions alone--without considering leverage or cash--was 70% in 2021. I never said it was over 100% in 2021. It was over 100% in 2020. I have never misrepresented my returns to anyone. I underperformed the market significantly in 2019 and have never hidden that fact. Yuval Taylor Product Manager, Portfolio123 invest(igations) Any opinions or recommendations in this message are not opinions or recommendations of Portfolio123 Securities LLC. |
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InspectorSector
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I don't want to rain on anybody's parade and perhaps the results quoted here are real. But the stock-picking contest is the only mechanism other DMs that are truly verifiable. Someone can correct me if I'm wrong but there were close to 20 stock-picking entries in 2021, of which 9 were still around by the end of the year. The results are shown below (to today's date). ![]() |
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last edit by
InspectorSector
at Jan 14, 2022 5:07:08 PM
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RTNL
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I don't want to rain on anybody's parade and perhaps the results quoted here are real. But the stock-picking contest is the only mechanism other DMs that are truly verifiable. Someone can correct me if I'm wrong but there were close to 20 stock-picking entries in 2021, of which 9 were still around by the end of the year. The results are shown below (to today's date). These are the returns from last year Steve. I was the lucky winner https://www.portfolio123.com/mvnforum/viewthread_thread,12652_offset,70 I appreciate Yuval, Azouz, Ryan and others sharing their brokerage statement proofs. None of them were obligated to. Maybe we can all learn from them :) |
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RTNL
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You are right on many points, Jim. And many of us who have had some middling success with P123 do not know if the OOS results are going to last, so do not share. Also, AFAIK IBKR may be the only broker to compute Sharpe's and Sortino's on individual accounts. For me P123 is also a data source to look at fundamental data, Not just a simulation engine. But equally good data is now available on many sites like TIKR or ROIC.AI. I wish we had more line items for marketing, SB comp etc. To be fair, sites like Validea.com which also run algorithmic models have had marginal success with their strategies. Maybe there is value add in P123 adding such models? |
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InspectorSector
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These are the returns from last year Steve. I was the lucky winner Congrats to you and those that enjoyed great results last year. Value strategies are the place to be right now. I remember a year ago everyone here was lamenting that quant and value were dead. What a difference a year makes! Unfortunately, growth stocks (my specialty) are in a severe bear market and will probably remain that way for quite some time. |
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sglinski
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Inspector Sector, Respectfully, you omitted at least one entry in the stock picking contest of 2021 (myself) as documented here, with a return of 18% and a sharpe of 1.33: (Probably because I named my port "Yearly Contest..") https://www.portfolio123.com/app/screen/summary/191518?st=1&mt=1 Incidentally, this proves that at least one value strategy was not "dead." (More specifically, my strategy combined Low-Volatility and Reliable Dividends).. Steve G |
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InspectorSector
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Hi Steve G - It doesn't look like you followed the conventions that were asked for, and screens are easily modifiable :-) But anyways, 18% is a good achievement, so congratulations on a good year. |
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