Building a live account - $1,000 to more than $3,000,000 in 30 years

[traderFJ]

Performance for the period 24 December 2012 to 31 December 2012: <font color="red">-0.63%</font>

Opening VAMI: $1695*
Gains/(Losses): <font color="red">($11)</font>
Closing VAMI: $1684

*
Revised VAMI as at 7 December 2012: 1557
Revised VAMI as at 14 December 2012: 1674
Revised VAMI as at 21 December 2012: 1695

 

[traderFJ]

Performance for the period 1 January 2013 to 4 January 2013: +0.06%

Opening VAMI: $1684
Gains/(Losses): $1
Closing VAMI: $1685

 

[traderFJ]

Performance for the period 1 January 2013 to 11 January 2013: <font color="red">-2.97%</font>

Opening VAMI: $1685
Gains/(Losses): <font color="red">($50)</font>
Closing VAMI: $1635

 

[traderFJ]

Performance for the period 12 January 2013 to 25 January 2013: +1.59%

Opening VAMI: $1635
Gains/(Losses): $26
Closing VAMI: $1661

 

[traderFJ]

Performance for the week ended 1 February 2013: +21.07%

Opening VAMI: $1661
Gains/(Losses): $350
Closing VAMI: $2011

 

[traderFJ]

Performance for the week ended 8 February 2013: <font color="red">-3.23%</font>

Opening VAMI: $2011
Gains/(Losses): <font color="red">($65)</font>
Closing VAMI: $1946

 

[Beker]

traderFJ,

What is the real leverage on average?
I don't think that this account is going to survive too much because the volatility is very high. Worst drawdown is 42%, this is not good. If I was you, I would throttle down the real leverage.

 

[traderFJ]

Quote from Beker:

traderFJ,

What is the real leverage on average?
I don't think that this account is going to survive too much because the volatility is very high. Worst drawdown is 42%, this is not good. If I was you, I would throttle down the real leverage.

The risk per trade is around 1% of account balance, the average number of trades per month is around 14 and the winning percentage is around 20%. I named the system utilised in this account "System of Never-Ending Sorrow".

 

[Beker]

Alright, but can you please also say what is the real leverage? Because you didn't provided the real leverage. Real leverage is calculated by dividing entire Positions Value by Net Asset Value.

 

[traderFJ]

Quote from Beker:

Alright, but can you please also say what is the real leverage? Because you didn't provided the real leverage. Real leverage is calculated by dividing entire Positions Value by Net Asset Value.

Hi Beker, I don't really track real leverage. Can you educate me on its importance? How much real leverage do you consider as low, medium and high?