Is possible but only for really experienced trader. I trade with a smaller margin and can keep my maximum drawdown below 16%.
Okay. As I already said somewhere I don't care about having a DD of 50% if my Risk of Ruin has a micro probability. 2K Margin from my simulations is just fine. It's not even 1/2Kelly ... Beside my margin call on last friday my max DD was 20% with not even 1K margin. Anyway I know I am well under-capitalized and also that it's stupid to overlook my Margin Call. Thx
The day we think we know it all is the day we start losing. I did not post as I had no reason to post, but I have a reason now as I want to start actively daytrading the ES asap. Daytrading the ES is not an easy task, as I have watched it extensively over the years and have seen the way it can be very predictable one day, and very unpredictable the next day. This is the main reason I have decided to daytrade it, as opposed to holding positions. If I want to hold a position for a longer period I can use ES options. 1 ES point is nothing when daytrading the ES, in much the same way as commissions mean nothing if you can extract enough points with your trades. I do not plan to compete with the HFT traders, as this would be a very silly thing to try for a small retail trader.
I'll just post my INs & OUTs + my PnL (Pts) + Stats (Began Today) PnL : 1.75 Pts Gross : 1.45 Pts Net Return:52.8% (Since Inception) MinMax:{-0.35,1.65} Mean:0.48 (Net Pts) P(Gain):0.66 Ratio:2.57 Advantage:0.38%
P&L : 1.5 Pts Gross : 1.2 Pts Net : 2.65 Pts Total Got to stay longer into my positions. Problem is under capitalization ... Scared to take loss. OoOoh .... It's part of the business boy !!! Return:62% Since Inception. MinMax:{-0.6,1.65} Mean:0.44 (Net Pts) P(Gain):0.66 Ratio:1.89 Advantage:0.32%
P&L : 2 Pts Gross : 1.8 Pts Net : 4.45 Pts Total I've really BSed today ... Took a position on a feeling ... "There must be Mean Reversion !!" Therefore I sold just before the Open then averaged down on the upside vol. While in the meantime identifying a likely pull back toward 52. Return:75% Since Inception. MinMax:{-0.6,1.65} Mean:0.55 in Points Net P(Gain):0.75 Ratio:1.89 Advantage:0.40%
P&L : 1.75 Pts Gross : 1.45 Pts Net : 5.9 Pts Total Return:82% Since Inception. MinMax:{-0.6,1.65} Mean:0.53 (Net Points) P(Gain):0.72 Ratio:2 Advantage:0.40%
Congrats!!! I have been traveling so i was not logging in ET for a little while. You were one of my 1st thoughts to check on you. I am stoked to see you still kill'n it. 1 pt at a time!