Here is the link from Wifey, proving that unrealized does not increase when interest is paid on the platform. Michael B. P.S. But I do not have Wifey's help anymore, so I can re-prove this in the new journal by taking snapshots as she did.. http://www.elitetrader.com/vb/showthread.php?s=&postid=772315#post772315
Kevin, The spreadsheet shows the Cash & Carry System completely disclosing the daily results from live trades and interest payments. You have it correct. I wonder what these guys would do if I traded all my Systems at the same time? Do they think I posted screenshots of my platform, transaction histories and my personal information, including picture, because I want to commit fraud on the readers here? Must I constrain myself to publish the new Cash & Carry from a new account number at the marketmaker? Am I not allowed to be free and trade whatever I wish whenever I wish? Even if I started a new account # the platform does not report interest and the questions would come... The system is valid...the numbers in the spreadsheet are correct ($547.35 profit from system after going flat in 72 days of trading live). I am not sellng anything. And I do not want to go to prision. The new Journal simplfies the spreadsheet because it trades from one account. I sorta liked the gambling meter, because I was planning on adding a second system that would increase the cash side even faster than its 2.8% apr did...But then there would be all sorts of questions about those short term trades and they are impossible to post. I can scalp too you know, but not with bollinger bands ... Michael B.
There is one statement I made that I need to correct. "The system never had a losing day in the realized profit." but... The day I went flat I took the unrealized so that day was a loss. but the net of $547.35 was worth it, to get flat...I could have waited 6 monhs to a year and probably escaped without the unrealized being negative, but I wanted out and this was the best point. and I think you folks can see that it was good decision, now in hindsite. How did I know that I could get out when I did? Its just experience. Michael B. P.s. If I put 100k to this and started a journal, the #'s would be bigger and my track record would be taken seriously. We shall see (I have not decided yet, but it would make an interesting journal...I might just put 10k in...don't really know. But I guess I got to get a new account # and focus, if I am to go public in ET again). P.P.S. Hey I focused for 72 days, but that does not matter, I guess. New traders need to understand how boring the execution of a system can be and the boring job of trading. ET and system development are my high points of my career.
Thanks for clearing up the discretionary thingy. For a moment there I got worried because I thought you were telling me C&C could predict market direction and produce trading "signals". :eek: Regarding the P/L issue, I am not talking about Interest Rates not updating the Realised P/L. Bear with me please... Consider this screen: http://www.elitetrader.com/vb/attachment.php?s=&postid=785396 When you started you have a -$737.76 in your Realised P/L. I understand this is letf over from earlier trading. No problem there. According to this latest screenie: http://www.elitetrader.com/vb/attachment.php?s=&postid=798822 Your Realised P/L ended at -$979.32 979.32 - 737.76 = $241.56 So between start of C&C in May to its end in July, your Realised changed by -$241.56. This is NOT affected by Interest Gain! So I can only conclude you suffered a loss of -$241.56 closing out your positions and they were never profitable overall. (If they were profitable overall without considering Interests, the Realised P/L would reflect that) Since the positions had a -$241.56 outcome and yet you posted +$547.35 results... Interests Gains had to be $547.35 + $241.56 = $788.91 to give you that +$547.35 results. According to this: http://www.elitetrader.com/vb/attachment.php?s=&postid=798822 Your interests gain for the month May and June were $176.90 and $138.44. Total Interest Gain NOT reflected in Realised P/L = $315.34 Total gain = $788.91 Total Interest Gain for 2 mths = $315.34 Do you mean to say for July you earned $473.57 in interest??? If the $400 odd dollars aren't from Interest and not from Trading gains (since overall your position lost)...where did they come from???
I know I am not welcome here, but you folks do not see a good thing when it is spoonfed to you. Electric was correct. Even if he followed ET policy and illustrated a system that worked, not many would be able to trade it. He was correct about sharing...it does not harm the system. I will encourage Electric to just trade by himself and not share anymore. I have nothing more to gain from this Journal, and forgive the intrusion. Just think of all the fun we could of had sharing ideas and growing together. Wifey
Remiraz, You lost me. I started with $5,215.63. I ended with $4,921.61. I took draws in between of $840.24 (look at the bank records to the far right of the spreadsheet screen) These are the numbers. I do not know where you are getting your numbers from? Michael B. P.S. As far as separating the P/L into interest and trading profits...it will be difficult and would need to be done from the beginning. I do not have plans to do that in the new Journal as it is too much work. now if someone wants to pay me 250k a year plus, I will consider it
Relax, wifey. I'm just confused. Not attacking the system or anything. In fact, I WANT this system to work so I can hook up with my OPM contacts.
These figures are taken directly from the screenshots you posted. Lets keep it simple shall we? Just one screenie: http://www.elitetrader.com/vb/attachment.php?s=&postid=798822 You started with $5,215.63. I ended with $4,921.61. I took draws in between of $840.24. Therefore, your profit during this period was: $840.24 - ($5215.62 - $4921.61) = $546.23 Is this correct?
Whats in it for Electric? Remiraz? What you do not understand, Electric is this spreadsheet guy with perhaps 100 hundred spreadsheets he updates and tracks. He does not feel insecure and shares everything with traders all over the world. He does not understand that people just think of themselves and do not "give" like Electric does. He is in his own world and just moves on...never taking anything for himself. He is worth much more... Remiraz. and I knew that 17 years ago when I married him. Wifey.
Well I cannot find all the pennies but yes that is correct. where did the $1.12 go...don't ask (but I can find it if you wish) I do the bookkeeping Ramirez. (I also update the many spreadsheets that electric delagates to me...they are endless!!!!) Therefore, your profit during this period was: $840.24 - ($5215.62 - $4921.61) = $546.23 Is this correct?