Friday, November 19, 2010
Earlier this year I started trading a small account for a friend. He called me recently to say that he was closing his account because he wanted to do something else with the money. While I was trading the account it generated a pre-tax internal rate of return of about 8.5% per month, which is more than 100% per annum. S&P emini points are worth $50 each, so this was small potatoes, but not bad regardless. The person who owned this account will verify this performance. Reference provided on request.