I don't have an edge but I am good at digging myself out of holes, so to speak. I have an test account on C2. T500K is on test mode so nobody but me can view it. Here is the performance for the past six months. I have around $60,000. But a trader with this kind of amount of money has close to zero chance of ever making it. T500K Statistics: (From 06/01/10 to 11/24/10) Started $500,000 Closed P/L $162,099 Open P/L ($19,090) Trades 138 Profitable 136 Win% 98.6% Avg trade duration 19.7 hours Avg P/L per unit traded $0.30 Annual return (compounded) 74.3% Profit factor 49:1 Sharpe ratio 1.291 Chance of 10% account loss 29% Chance of 20% account loss 14% Chance of 30% account loss 0% Chance of 50% account loss 0% Chance of 100% account loss 0%
System T500K Performance Update: # of Trades: Number of Trades 154 Profitable 151 Win% 98.1% Avg trade duration 19.0 hours Avg P/L per unit traded $0.30 Annual return (compounded) 93.1% Profit factor 56.7:1 Sharpe ratio 1.563 Chance of 10% draw down 31.7% Chance of 20% draw down 9.5% Chance of 30% draw down 0% Chance of 50% draw down 0% Chance of 100% draw down 0% Started $500,000 Started date 06/01/2010 Todayâs date 12/03/2010 Closed P/L $199,529 Open P/L ($13,980)
System T500K Performance Update: (From 06/01/10 to 12/03/10) Started $500,000 Closed P/L $199,529 Open P/L ($13,980) Trades 154 Profitable 151 Win% 98.1% Avg trade duration 19.0 hours Avg P/L per unit traded $0.30 Annual return (compounded) 93.1% Profit factor 57:1 Sharpe ratio 1.563 Chance of 10% draw down 31% Chance of 20% draw down 9.5% Chance of 30% draw down 0% Chance of 50% draw down 0% Chance of 100% draw down 0%
Digging out is a skillâ¦, and an edge⦠Unfortunately the way youâre going about learning it â is nine ways screwed up You have ~ $60K to fund an accountâ¦, but youâre sim trading with $500K â you will not learn crap that way⦠======================================================================================== To make it work You can not dig out when price is hell bent â either up or down â that is time to eat it and exit the positionâ¦. You must Learn to read PA Learn to identify when price is hell bent Have a definite all out exit price Know how whatever youâre trading acts Know how to divide Make up you mind at the beginning of the day â if this is the way you plan to trade â otherwise youâll get caught flat footed, and out of buying powerâ¦, The other way is to maintain enough reserve buying power to implement it ============================================================================================ Some will probably confuse what Iâm saying with averaging down in a loser â DONâT Thereâs a hellofa big difference â never average down â ever Being able to read price and make calculated entries in order to minimize a loser, and possibly turn it into a winner â ainât the sameâ¦. If you donât understand the difference â then donât do itâ¦, or practice it on a sim until you understand the mechanicsâ¦, and for heaven sakes make the sim emulate your real life ability to fund an account Also if you get greedy about making a profit on a position youâve dug out⦠or increasing an unrealized profit when it just ainât going to happen (that hoping crap) â that will kill your account There are some very successful RTM, Scale in traders â the skill of digging out is very similar to what they doâ¦.. btw $60K is ample enough capital to make money â imo RN