Recent content by Richbynature

There is moderately consistent 'advice' around many forums to define limits on losses. One rule of thumb that makes approximate sense is 'never risk >1% of your trading account'. This sounds sensible, but is a matter of opinion. Many other have talked about 'blowing their accounts'. My...

Wallace, I have a similar function on the IB account. Would you like to give any details about how you use it?

How do you analyse your trading results? Do you analyse them at all beyond "am I profitable?". If you are interested in more detailed thinking about statistics, please have a look at my post here: http://www.elitetrader.com/vb/showthread.php?threadid=212087/

Attached file relates to attachment 3 discussed above

Attached file relates to attachment 2 discussed above

In order to ensure that I maintain some form of objectivity in trading I analyse my results statistically (i.e. with a mind to understanding how much 'randomness', or things beyond my control day to day can play a part). I have attached 3 files (ET onlly allows 1 file added per post so 2 are...

My largest drawdown was 8% and lasted 3 weeks. It was nerve wracking. My system made money consistently, then it didn't, then I wasn't sure, got nervous. Then the wind changed direction and 2 trades lifted me back to profit. I was stuck in a horizontal trading pattern looking for large...

What is the largest drawdown (not loss on a single trade - cummulative loss until you have made a profit again) you have encountered?

Of those (many) voters who aim for > $1/2m per annum, how many are actually or ever have earned this much. This is a lot of money. If you do earn this much, is it worth the risk and what do you spend it on?

sorry, how much per year?

Do you have a clear goal as to what would be 'enough' income, or do you vaguely want 'more'? What band / selection have you made a firm decision to aim at?