Registered: Aug 2008
04-17-12 01:16 PM
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.
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......