I booked gains in SEED, a genteel +62% from my basis from a few days ago. If you annualize that, I stand to make 6,000% on my money for the year.
Moving on, I am delving into the carnivale world of bio-fuels. This is all about converging science and industry. As such, I’ve taken out new positions in AMTX and AMRS. Both are up, but they do wonderful things. The latter, for example, makes fuel out of fucking plants. That’s some Back to the Future part II shit for you there.
I’m only interested in the best stock, the best plays, which is why my positions are often the top gainers for the day.
Always remember, no matter how hard you try, you will never been as good as Le Fly.
If you enjoy the content at iBankCoin, please follow us on Twitter
????
????
emojis dont work in comment, look at wordpress plugins…
You can also say that 2,190 people would be crushed by toppling bridges in Miami, if you annualized that.
You seem to have a problem with annualization of % gains. Say there are 250 trading days a year. If you gain 62% in 2 days,the annualized gain is (1+62%)^(250/2)-1.
That’s a 15,465,957,692,793,400,000,000,000,000% annual gain.
Maube you were just being modest?
Fly is never wrong, even when he is.
Give him a break. He was a Trader on Wall Street, not a Quant.
For example, here is how professional Investment Advisors calculate “average” rate of return:
Year 1: $100 -> $130, +30%
Year 2: $130 -> $156, +20%
Year 3: $156 -> $93.6, -40%
Reported “average” annual return over 2 years: (30+10-30)/3 = +3.33%
(Real annualized return: (93.6/100)^(1/3) -1 = -2.2%)
And before you ask:
1) This method will ALWAYS inflate the actual RoR, particularly for volatile investments)
2) They don’t ALL do it this way, but many do. Make sure you ask for “Annualized” RoR which does not have an ambiguous definition.
I hade changed the numbers as I typed for a better example. Should be: (30+20-40)/3 = +3.33%
You must be studying for your 65 now. Good luck. Brush up on your SEC laws.