There is an easy way to distinguish between the "real" traders and the posers.
Posers makes refer to trades in terms like 950% on this, 10X on that and 400% in two weeks on some other trade. They do not realize performance must ALWAYS be expressed relative to total account value, NEVER against the cost of a stock or options price.
Talk of big returns is a "tell" that you are being conned.
Peter Brandt critiques traders who boast about percentage gains on individual positions (950%, 10X, 400%) rather than expressing performance relative to total account value, calling such claims a sign of being a 'poser' or con.
关键要点
Distinguishes between legitimate traders and posers based on how they report returns
Argues performance should be measured against total account value, not individual position cost
Claims that talk of outsized individual trade returns is a red flag for dishonesty
