Don't focus too much on being penalized for not having 5 months of returns. Remember, the benefit of trading on Darwinex zero is not only to get capital from them, but also to develop a verifiable track record which you can later use to raise even more capital from friends and their acquaintances. Focus on the long game.
//---- hey coin flip..... your correct..... yes my focus is long term...... it was just a mental note of the situation...... i will not be in the market for raising capital...... have mentioned somewhere on some site, darwin can keep the money..... my goal is to use darwin as a trading mentor..... //----- did not do good this week..... yet again, entered on feelings and not on signals..... outcome obvious..... trying to force myself into the habit of not adding to hopeless losing trades...... losing and hopelessly losing are two different things..... 2 days were pretty much tied up for the losers to come clean....h //----
and this is where some of those that know me will leave the room..... well, its been now 30 days with darwin...... time to take a hard look at things..... bad week with only me to blame..... actually lost 6k or there abouts..... still not back above high water mark..... fault is mine..... a few will focus on the 30 day total net profit...... don't........ none of us really need that,...... a few will focus on the 30 day gross loss...... do........ none of us really need that,...... //-------- in the next 6 days, for those 6 days, need to be back above high water mark..... need the numbers in the lime row doubled...... that row is return per trade..... need w/l ratio increased by 5...... need losses cut by half...... for those 6 days....... //------ should be easy....... darwin deserves as much....... some might think otherwise........ but they have already left the room......h //-------- //------
Based on mathematics, traders are almost always below the high water mark on a daily basis. If you are a daytrader with a robust trading strategy, you should be profitable every week. If you are not profitable every week, that means your trading strategy may work well only in certain market conditions. Nothing wrong with that per se, as long as you are long term profitable.
//----- hey coin flip....... thanks for your thoughts...... really not a true day trader, with the exception of apex, topstep and takeprofit trader prop firms...... they force you to close before end of day....... can't say i have a robust strategy and for sure not profitable every week...... do like to bump that mark higher on a regular basis..... more of a common sense laid back trend trader...... just float down the lazy river...... my losses will usually be at the trend changes..... those losses can be large depending on how much rope i let them have...... really enjoying darwin zero......h
Oh if you are a swing trader, then yes it is completely normal to have unrealized and realized large drawdowns over weeks. That's what makes swing trading tough to handle psychologically, compared to day trading where you cut your losses quickly. Obviously the reward of swing trading is you can capture a huge chunk of a big move which is very satisfying.
yet another disappointing darwin week at least from my perspective..... like a bobcat chasing it's tail..... i let them down..... //------ after the 15 day calibration period, there will be a following full month minimum before any allocation is considered..... my 45 days will be up monday...... allocation , or not, is decided and given, or not, on the first of each month..... it appears my allocation will be 30k...... that will be for 3 months...... each following months allocation, or not, should be easier to obtain due to being able to include the prior 5 months results...... my initial prior 5 months was only 15 days..... that is a tremendous handicap...... admittedly one of little consequence..... beginning monday, will have 2 goals....... first is to trade better in the darwin account...... second is to study darwins risk engine in an attempt to apply it to apex and other props....... this is long term thing....... and quite fun.....h //-------
from a reply on forexfactory that might interest a few here.......h //---- i have requested ftp access...... not sure if i'll get it due to being in the states.....there are roads around that but prefer not to travel them..... i'm working the d-leverage backwards until/if i receive ftp access permission..... we can figure a rough but fairly accurate formula simply by observation..... d-leverage changes during the day based on the eurusd volatility...... calculating the eurusd volatility per hour per day we could derive a minimum and maximum..... if we assigned the lowest hour of the lowest day as 1 and we could then apply that..... typically a single 6A_Z contract carries a d-leverage between 0.07 and 0.14...... it varies..... same for 6N_Z..... a 6N_Z and 6B_Z open at the same time would be around 0.13...... at the london open or new york open, those numbers will rise relative to the eurusd volatility rising..... a RTY_Z would run normally 0.11....... a YM_Z might be 0.18...... a few hours later it might be 0.60...... those numbers can be many multiples higher..... as example, a single NQ_Z carried 1.79 at 00:10..... a totally acceptable position now might a few hours later be completely unacceptable...... that is how and why the risk engine trims back it's trades...... it wants to maintain a particular var to protect the investor...... my goal is to have darwin triple the size of my trades...... or more.....h
for some reason, darwins graph of best days vs worst days reminds me of the joke "who's on first"....... the worst days can not get better and the best days can not get worse...... funny logic..... anyway, my goal for october will to be raise the total value of the best days, 8.97...... while maintaining the total value of the worst days, 3.01..... in addition, concerning the average daily return graph...... the green days need to increase while maintaining the red days...... no doubt, easier said than done...... and that's no joke......h //----- //-----
Does Darwinex's capital allocation method resemble the real world of institutional fund management where investors demand a smooth equity curve and cannot stomach a negative month of returns otherwise they bail? In other words, I wonder if Darwinex's method punishes you doubly for big red days but doesn't reward you as much for big green days.