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I am not managing othe OPM now. I do manage for a couple of partners some small amounts, and yes they are very happy

Usefull answer. I agree there is a big difference between trading your own money and managing OPM. For OPM I would not feel comfortable on anything more then 10% DD, that’s absolutely max.

Conclusion, this is what I think. The max size/DD really depends on 2 things. 1)Is your comfort level, how much can you see your account down and still sleep at night. 2)you want to make sure that when the max DD happens (and you need to calculate a little worse then what your model says..) you...

You might be right, was just guessing. When the fly was 75-85 that was the rational that was given by some people.

Yeh, fly is around 28 now (vxx down another couple of dollars). However I am not sure there is a way you can know in "advance" how far a trade would go. The debt ceiling issue developments seems to have been a big factor.

I guess there is no simple answer to my question. will have to work it out myself

15 mil is nice amount, congratu. Seems after all your investors liked the high sharpe..:(

any opinions here?

So your suggestion is 5X leverage with a 50% DD?

Let’s assume you have a strategy that produces 50% return (without any leverage) with an expected 10% max DD. Now if you double the size, return would go up quite a bit but so will the DD. The question is what should be the right balance. Obviously you don’t want to have 1000% returns and a...

Do you trade grain futures as well?

Its only 2 weeks into the year, and Sharpe is really meaningless now, but I would just post as part of my journey for the year. For now Sharpe is 2.77, Max DD is 3.03%

Closed the fly. The feb/mar went for 1.45 and mar/apr for .87 (Fly was .58). VXX added another .06 to the profit. It was a nice trade, looking forward for the next one..

There are 2 types journals here. Some journals focus on strategy (yours is one of them), other focus on personal goals like %return goal or dollar goal without detailing much what they are doing (neke has been posting for a very long time his ups and downs, and its quite interesting too watch...

Without going to respond to every post I will leave it with the following. I will be posting here how I am doing with my goal of Sharpe +3, if anyone feels that its not interesting unless I disclose more of what I am doing (strategy, instrument, edge etc) you can kindly leave the thread and move...

Here you go, now lets go to the second bash..

It was the conversation here that helped me push to actually do the trade, however i decided to add vxx to hedge against a major vix fall.

Are you including commission charges in your pnl calculations? on a fly commissions add up.

I am still in it, will probably close it in a few days. So far both legs and hedge are positive.

Good luck. Just let us know when you have your next big DD..