Cash & Carry
- Thread starter ElectricSavant
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Something is not right with your figures, ES.
You said you made $547.35 in profit after taking a $241.35 hit form unrealized P/L.
According to this you posted : http://www.elitetrader.com/vb/attachment.php?s=&postid=798822
It shows you made $176.90 and $138.44 (.439) in Interests in the month. Since there are no information about July's Interest gains, I'll extrapolate it to be ($176.90 + $138.44)*0.5 or $157.67.
Total Interests made: $176.90 + $138.44 + $157.67 = $473.01
Total profit = $547.35
Total trading profit AFTER taking the unrealized hit = $547.35 - $473.01 = $74.34
Something is not right here....
You have been actively taking out your losing trades by neutralizing them with corresponding winning trades. Yet you're -$241.35 underwater when you ended the run. So therefore, your entire position has never reach breakeven or profitable status.
Yet we have a $74.34 trading profit showing?? How is that possible? If you take out enough winners to cover for your unrealized plus their corresponding losers...why isn't this showing on your P/L? Instead we have a "-$241.35" on your P/L???
Since your overall positions were -$241.35 at the end of the test, shouldn't your overall profit be Interest Gain - $241.35?? Where did the trading gain come from???
You said you made $547.35 in profit after taking a $241.35 hit form unrealized P/L.
According to this you posted : http://www.elitetrader.com/vb/attachment.php?s=&postid=798822
It shows you made $176.90 and $138.44 (.439) in Interests in the month. Since there are no information about July's Interest gains, I'll extrapolate it to be ($176.90 + $138.44)*0.5 or $157.67.
Total Interests made: $176.90 + $138.44 + $157.67 = $473.01
Total profit = $547.35
Total trading profit AFTER taking the unrealized hit = $547.35 - $473.01 = $74.34
Something is not right here....
You have been actively taking out your losing trades by neutralizing them with corresponding winning trades. Yet you're -$241.35 underwater when you ended the run. So therefore, your entire position has never reach breakeven or profitable status.
Yet we have a $74.34 trading profit showing?? How is that possible? If you take out enough winners to cover for your unrealized plus their corresponding losers...why isn't this showing on your P/L? Instead we have a "-$241.35" on your P/L???
Since your overall positions were -$241.35 at the end of the test, shouldn't your overall profit be Interest Gain - $241.35?? Where did the trading gain come from???
The simplified version:
CASH & CARRY PROFIT SYSTEM
1) Interest Gains
2) Trading Gains
For the test period of May to July, 72 days.
1) Interest Gains = $472.99
2) Trading Gains = -$241.35
Total = $472.99 - $241.35 = $231.64
How did you make $547.35??? Where did the extra $315.71 come from??
Please enlighten.
CASH & CARRY PROFIT SYSTEM
1) Interest Gains
2) Trading Gains
For the test period of May to July, 72 days.
1) Interest Gains = $472.99
2) Trading Gains = -$241.35
Total = $472.99 - $241.35 = $231.64
How did you make $547.35??? Where did the extra $315.71 come from??
Please enlighten.
No, I do not recall saying this. The system is mechanical and based on money mangement. I apologize if I led you to believe other than that. I am confused now...
I need Wifey to help.
Michael B.
I need Wifey to help.
Michael B.
Quote from Remiraz:
Didn't you just say you need an edge when entering units?
Okay maybe I got it all wrong.
Just to confirm:
Do we need to forecast market direction in order to trade Cash & Carry?
Thanks for bearing with me all this time.
Look at the spreadsheet, there are asterisk's there marking those days...
If I count them there are 18 out of 72 days traded.
Michael B.
If I count them there are 18 out of 72 days traded.
Michael B.
This has been asked before. The platform does not show interest, it only shows trading profit in the realized P/L field. I had carried a negative trading profit over from a failed previous system and the occassional trading in Cash & Carry lowers it in that field and the interest does not effect it.
I posted a transaction history for last year and this year from my marketmaker a little earlier that actually reports the interest and the trading p/l. I do not know why my marketmaker does not show interest dynamically in the platform under the realized p/l.
I know in the new Cash & Carry Journal, poster after poster, will ask this same question, over and over again. I wish there was a way I could zero it out from the beginning at my MarketMaker. I have subaccounts with a positive # in that realized P/L also.
Maybe I can get Wifey to open up an account at my marketmaker and I can trade from it, in the new Journal.
I posted a transaction history for last year and this year from my marketmaker a little earlier that actually reports the interest and the trading p/l. I do not know why my marketmaker does not show interest dynamically in the platform under the realized p/l.
I know in the new Cash & Carry Journal, poster after poster, will ask this same question, over and over again. I wish there was a way I could zero it out from the beginning at my MarketMaker. I have subaccounts with a positive # in that realized P/L also.
Maybe I can get Wifey to open up an account at my marketmaker and I can trade from it, in the new Journal.
Quote from Remiraz:
Something is not right with your figures, ES.
You said you made $547.35 in profit after taking a $241.35 hit form unrealized P/L.
According to this you posted : http://www.elitetrader.com/vb/attachment.php?s=&postid=798822
It shows you made $176.90 and $138.44 (.439) in Interests in the month. Since there are no information about July's Interest gains, I'll extrapolate it to be ($176.90 + $138.44)*0.5 or $157.67.
Total Interests made: $176.90 + $138.44 + $157.67 = $473.01
Total profit = $547.35
Total trading profit AFTER taking the unrealized hit = $547.35 - $473.01 = $74.34
Something is not right here....
You have been actively taking out your losing trades by neutralizing them with corresponding winning trades. Yet you're -$241.35 underwater when you ended the run. So therefore, your entire position has never reach breakeven or profitable status.
Yet we have a $74.34 trading profit showing?? How is that possible? If you take out enough winners to cover for your unrealized plus their corresponding losers...why isn't this showing on your P/L? Instead we have a "-$241.35" on your P/L???
Since your overall positions were -$241.35 at the end of the test, shouldn't your overall profit be Interest Gain - $241.35?? Where did the trading gain come from???
Here are the two transactioin histories summaries for the Trading side of the account (Primary) and the cash side of the account (Cash) for the last two years
This is from the market maker and I have whited out the account #'s.
I published Cash & Carry in May of this year, so it is not totals completely from the published Cash and Carry trading and interest earned from the published Cash & Carry.
Earlier I experimented with other pairs and did not lose any money from Cash & Carry, but I did not publish it. The trading losses came from when I opened my account last July and tried to scalp with Bollinger Bands unsuccessfully.
Michael B.
This is from the market maker and I have whited out the account #'s.
I published Cash & Carry in May of this year, so it is not totals completely from the published Cash and Carry trading and interest earned from the published Cash & Carry.
Earlier I experimented with other pairs and did not lose any money from Cash & Carry, but I did not publish it. The trading losses came from when I opened my account last July and tried to scalp with Bollinger Bands unsuccessfully.
Michael B.
If you would like I can prove that interest does not change the realized P/L in the platform, in the new Journal.
Wifey did this in the previous Journal for everybody to see.
I can go find the links...wait a minute...
Michael B.
Wifey did this in the previous Journal for everybody to see.
I can go find the links...wait a minute...
Michael B.
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