OmniTrader Forum : ATM : ATM RS Boost Up 16.92% in 3 Days

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OmniTrader Upgrade Forums ATM ATM RS Boost Up 16.92% in 3 Days		Last Activity 4/21/2021 9:48 AM 5 replies, 1656 viewings

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TonyJ

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Subject : ATM RS Boost Up 16.92% in 3 Days
Posted : 4/14/2021 8:00 AM
Post #48102

The ATM RS Boost ad (https://www.nirvanasystems.com/atm4/#RSBoost) says it is up 16.92% in 3 days. There are 5 trades shown but I don't see how that would add up to 16.92% (looks more like 2.5% to me). What am I missing?

[Edited by TonyJ on 4/14/2021 8:03 AM]

Attached file : RSBoost.jpg (131KB - 522 downloads)

Attached file : RSBoost.jpg (131KB - 213 downloads)

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Jim Dean

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Subject : RE: ATM RS Boost Up 16.92% in 3 Days
Posted : 4/14/2021 9:05 AM
Post #48103 - In reply to #48102

You're completely correct, Tony. Even if you consider 2x margin as "lowering" the committed capital, the actual return for that collection of trades is 2x 2.49% = 4.98%

I think someone made the invalid assumption that you can just add all the percentages.

Correct math works like this:

numerator = sum of all P/L values
denominator = sum of all (Entry Price * Quantity) values

do the division, multiply by 100 = 2.49%
(2x margin doubles it to 4.98%)

[Edited by Jim Dean on 4/14/2021 9:07 AM]

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Barry Cohen

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Subject : RE: ATM RS Boost Up 16.92% in 3 Days
Posted : 4/14/2021 10:21 AM
Post #48104 - In reply to #48103

We apologize for the confusion. The 16.xx% gain was based on an equal dollar allocation to each of the 6 trades. The 2.xx% gains were based on the auto-trade feature alone. We decided to remove conclusions and let the viewer decide for themselves.

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Jim Dean

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Subject : RE: ATM RS Boost Up 16.92% in 3 Days
Posted : 4/14/2021 10:39 AM
Post #48105 - In reply to #48104

Thanks Barry but I still don't understand your math. It sounds like you feel that in some universe, 16.xx% is correct.

The snapshot clearly shows the allocated dollars (Quantity * Entry Price) for each trade. It appears that half of the trades use about $18k apiece, and the other half use about $9k apiece. So, it's not equal-dollar, unless only half of them get a 2x margin.

Can you please show the math that would justifiably result in a 16.xx% conclusion? This is important since it goes to credibility of other marketing stuff.

This is important ... if it's simply an error on N's part, it would be best to call it that and move on. If however it's the normal way you calc things for marketing pieces, I'd like to see how the math goes.

PLEASE NOTE: even 2.5% (or 5% with margin) is a GREAT return over just a few days! Congratulations!

[Edited by Jim Dean on 4/14/2021 10:43 AM]

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Barry Cohen

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Subject : RE: ATM RS Boost Up 16.92% in 3 Days
Posted : 4/14/2021 11:14 AM
Post #48106 - In reply to #48105

Thanks, Jim. It seems that error was made in haste. Thanks for helping us correct it!

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Jim Dean

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Subject : RE: ATM RS Boost Up 16.92% in 3 Days
Posted : 4/14/2021 11:16 AM
Post #48107 - In reply to #48106

No worries! We help one another stay on our toes!

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