FORUMS BROKERS SOFTWARE
Home
 
    Forums > Trading for a Living > Journals > Successful Trading and Compounding - On Steroids

Old Apr 15th, 2012, 06:23 AM   #61
Laissez Faire
 
 
Join Date: Sep 2010
Posts: 4,536
Quote:
Quote from shopster:
That screenshot tells me that Zen Student does not understand the cycles in the market like he would put it himself.

Anyone who`s been paying attention knows that Blotto or Zen Student is merely repeating the stuff he read from Cheese without adding anything new to the flavour beyond unwarranted condescension.

Incidentally, I highly recommend the posts from Cheese which contain extremely valuable lessons both about trading and life. People who are not familiar with Cheese will quickly see the same as I upon reading his posts.
    Quote
Old Apr 15th, 2012, 08:52 AM   #62
shopster
 
 
Join Date: Jul 2011
Posts: 1,478
Quote:
Quote from Laissez Faire:

That screenshot tells me that Zen Student does not understand the cycles in the market like he would put it himself.

Anyone who`s been paying attention knows that Blotto or Zen Student is merely repeating the stuff he read from Cheese without adding anything new to the flavour beyond " unwarranted condescension................"
LF,

you would be 100% correct.

s

    Quote
Old Apr 17th, 2012, 08:00 AM   #63
gmst
 
 
Join Date: Jul 2011
Posts: 4,444
Update for week 3 ending Apr 13, 2012 :

-900$ for the week. Miscalculation of stop point and then few losing trades in a row took my account intra-week below 2k, finally ended the week at 2100 USD. When account is very close to 2k, it requires extreme patience to take those 3 trades in succession which can't go wrong as just 1 or 2 bad trades can take the account below 2k and if it stays there, it means more funds must be added to the account to comply with IB's minimum capital for trading to continue.

Finally, my internet is fine - a cable had cut and they came and fixed it.

Weekly Stats:

1. Week PL: -900
2. Start Equity: 2900
3. End Equity: 2100
4. Maximum equity run-up: 2900
5. Max Win day as % of that day's start equity: 10%
6. Max Loss day as % of that day's start equity: -19%
7. # of Systematic Trades missed: 0
8. # of Trades other than Systematic Trades: 0

Below stats are from Journal start day:

1. Total PL: -400
2. PF: 0.84
3. RoI: -16%
4. Max. DD: 36%
5. Current DD: 29%
6. # of winning days 40%, # of losing days 60%
7. Av. win day: 15%
8. Av. Loss day: -10%
9. Sharpe: -0.24
    Quote
Old Apr 17th, 2012, 08:15 AM   #64
Daal
 
 
Join Date: Oct 2002
Location: Brazil
Posts: 9,190
I'm not sure why you say you plan to run your risk close to Kelly. Given you had a negative record in the past, combined with the flaws of Kelly with regards to trading. I'd say you should stay far away from Kelly as possible. I'd probably be paper trading if I were you
    Quote
Old Apr 17th, 2012, 08:16 AM   #65
HurricaneUS
 
 
Join Date: Aug 2008
Location: New York
Posts: 889
Quote:
Quote from gmst:

Update for week 3 ending Apr 13, 2012 :

-900$ for the week. Miscalculation of stop point and then few losing trades in a row took my account intra-week below 2k, finally ended the week at 2100 USD. When account is very close to 2k, it requires extreme patience to take those 3 trades in succession which can't go wrong as just 1 or 2 bad trades can take the account below 2k and if it stays there, it means more funds must be added to the account to comply with IB's minimum capital for trading to continue.

Finally, my internet is fine - a cable had cut and they came and fixed it.

Weekly Stats:

1. Week PL: -900
2. Start Equity: 2900
3. End Equity: 2100
4. Maximum equity run-up: 2900
5. Max Win day as % of that day's start equity: 10%
6. Max Loss day as % of that day's start equity: -19%
7. # of Systematic Trades missed: 0
8. # of Trades other than Systematic Trades: 0

Below stats are from Journal start day:

1. Total PL: -400
2. PF: 0.84
3. RoI: -16%
4. Max. DD: 36%
5. Current DD: 29%
6. # of winning days 40%, # of losing days 60%
7. Av. win day: 15%
8. Av. Loss day: -10%
9. Sharpe: -0.24
You should probably cut your losses and go straight to sim until you can demonstrate at least 3 consecutive months of profitable sim trading.

Think about it for a second, if you can't even be profitable on sim then you have no business trading with real money......what you may find is that you will never be able to get profitable...but...at least you didn't use your real capital to find that out......
    Quote
Old Apr 17th, 2012, 08:24 AM   #66
gmst
 
 
Join Date: Jul 2011
Posts: 4,444
Quote:
Quote from HurricaneUS:

You should probably cut your losses and go straight to sim until you can demonstrate at least 3 consecutive months of profitable sim trading.

Think about it for a second, if you can't even be profitable on sim then you have no business trading with real money......what you may find is that you will never be able to get profitable...but...at least you didn't use your real capital to find that out......
Fair advice so let me do a quick reply:

I maintained a separate account for sim on which I ran just my strategies and I was profitable 6 months out of 6 months. My last journal was not positive because I included strategies + discretionary. So I was net negative on discretionary. This journal is pure systematic - so no reason it won't be positive.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider