Taking 45K to a 100K by year end 2012

Discussion in 'Journals' started by slumdog, Jan 1, 2012.

  1. slumdog

    slumdog

    2.5% is my max risk per trade (to my stops). I cant actually trade larger than that due to margin requirements of having several positions, in different markets, open at the same time.
    As i said in my first post, im a day trader.
     
    #31     Feb 10, 2012
  2. slumdog

    slumdog

    Equity chart attached. I am being optimistic and putting the 100K target on the chart.

    [​IMG]
     
    #32     Feb 11, 2012
  3. what is your sharpe (using unrealized PnL over the time period)?
     
    #33     Feb 11, 2012
  4. slumdog

    slumdog

    I will give you a sharpe ratio at the end of the year as i think its a bit too early yet. I dont get what you mean by unrealized PnL??.. as a day trader i realise my PnL at the end of each day.
     
    #34     Feb 11, 2012
  5. by unrealized i mean, suppose that during the day, you observe an unrealized PnL of -1000. however, the realized pnl later is something like -300.

    i think it's more useful to calculate standard deviation of returns based off of unrealized pnl than otherwise.
     
    #35     Feb 11, 2012
  6. slumdog

    slumdog

    Attached is an IB generated report that shows a sharpe ratio metric for my account year to date. I said i wouldnt bother calculating the sharpe till the end of the year a few posts ago, but since then i just realised that IB calculate it for me so i will attach it:

    [​IMG]
     
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    #36     Feb 11, 2012
  7. slumdog

    slumdog

    Week 7
    ======

    £3408 loss

    Closing Balance: £48593

    Peak equity this year: £56991

    Current draw down: 15%

    Another brutal week takes this draw down to almost 15%. The last six trading days have all been losers. How long this draw down will last and how deep it will go is anyone's guess. But i except and mentally prepare for 30% draw downs and this one is only half way there.

    Th account was flying a couple of weeks ago, now it has been bought back down to earth:

    [​IMG]


    Weekly P/L so far for 2012:

    Week1: £2,893
    Week2: £2,421
    Week3: £265
    Week4: -£1,129
    Week5: £6,652
    Week6: -£4,101
    Week7: -£3,408
     
    #37     Feb 19, 2012
  8. What is the pink line on your chart?

    I like the idea of posting a chart in your journal. I may steal it :)
     
    #38     Feb 19, 2012
  9. The fwd equity curve he must achieve to meet his goal.
     
    #39     Feb 19, 2012
  10. El_Torro

    El_Torro

    Good thread OP, newbies everywhere thank you.
     
    #40     Feb 21, 2012