Cash & Carry

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When time is on your side, it does not matter if all three move against you all together. If exposure and increments are set correctly together with the small injections of interest to help sustain or anticiapate, then money should not be required to be "thrown" in. Keep that Gambling Meter Low.

The USD could collapse or the EURO...

Terrorists could get a hold of enough weapons grade plutonium...

All trading would be gambling, in light of this.

There is no Holy Grail, if you base your benchmark on anything in light of what I posted above.

30% drawdown would be my uncle point to make the decision to throw or not to throw money at it...

hope that last line helped...sorry for the rambling...I want to keep this Journal entertaining as well as imformative.

Michael B.


Quote from winter:

Just so I'm clear, are you saying it will never be realized or that so far it never has been? What if you experience a major drawdown, how can you be sure that you won't be forced to realize it (unless you keep throwing money at it)? You have said that these 3 pairs you have choosen are uncorrelated, doesn't that mean there is a chance that they all move against you at the same time?
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As of yesterday, you've had a $2,396.01 LOSS on your trading between 5/9/2005 and 7/13/2005:

NAV 5/9: $1,404.74 + $1,268.64 - $365.34 (UL) = $2,308.04

You added $4,958.83 over that time into the accounts (deposits - withdrawals).

NAV 7/13: $1,638.81 + $3,502.69 - $270.64 (UL) = $4,870.86

So: $2,308.04
+$4,958.83
=========
$7,266.87 is owner capital
- $4,870.86 is remander value
=========
($2,396.01) LOSS as of yesterday
 
Plook,

scrole to the far right of the spreadsheet to view the banking info...then take another look at you numbers.

Remember the bank started last July when I lost money in another system. This has been trading 66 days.

Always consider both sides..the Cash balance and the Trading balance.

I am not afraid to report my failures in the spreadsheet. Notice the Bank states from inception of my Forex Trading, not this sytem.

Michael B.
 
PS: it could be worse even, as there's a $2,342.25 'Adjustment' on 5/9/05 added to the cash account. So it could be a 5K$ loss in 2.5 months of trading on a less than 10K$ portfolio?
 
Plook,

I need to hear from YOU now...

What do you think? If you do not wish to respond, please at least say that you understand. I do not need your approvel, but I need to know if I am communicating.

Thanks for your questions, I hope this is clearing out many questions from the other readers afraid to ask.

Michael B.
 
okay, I took out the pre-5/9 deposits/withdrawals and it ends up like this:

$5,215.63 owner capital
($365.34) UL 5/9
=$4,850.29

$5,141.50 balances 7/13
($270.64) UL 7/13
=$4,870.86

$4,870.86 (initial cap) - 4,850.29 (end NAV) = SUM TOTAL $20.57


So, no loss, Electric is corrrect! There's $20.57 NET PROFITS!

what's that in APR? That's 2.345392406% APR equivalent (66 days trading, right? = 0.424098353% net gain to date)
 
Quote from Plook:

PS: it could be worse even, as there's a $2,342.25 'Adjustment' on 5/9/05 added to the cash account. So it could be a 5K$ loss in 2.5 months of trading on a less than 10K$ portfolio?
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I do not believe he has lost, it appears that his system has gained $7xx based on the data in the spreadsheet which all does appear to match up.

Personally what I would love to see is for each day:

Current trading acct NAV (including unrealized losses)
Current positions of each pair (quantity and average price)
Trades taken for the that day
Interest paid for the day
Any other adjustments (cash in or out of trading acct)

By following this day to day I think it would be much more clear but I understand that ES is keeping the spreadsheet for his benefit (not mine) and I am not asking him to change how he compiles information nor do I expect him to do all this work for me - it just makes it very difficult to understand the nuts and bolts when numbers just appear on the spreadsheet (column E) without any easy way of figuring out why the balance changed X dollars from one day to the next.

I'm sure I could reverse engineer the whole thing if I took the spreadsheet & all of the posted screenshots and it would all match up but it seems like providing the info I listed above would be so much more clear for readers.

ES, I hope you take this as a constructive comment - perhaps you could try it going forward for a couple of days (posting the info here at the end of each day)?
 
The first day of trading this system reports the money I started with....I have 6 sub accounts that transfered in some money to publish this system.

See the attachment below...These subaccount are zeroed out and the Bank is correct in the spreadsheet.


Before or after? Yes I have blown up twice in my life...I have traded for 28 years. Whats the point?

This system has not lost during its 66 day life once in one day or a combination of days with its realized profit!...while at the same time containing unrealized profit netting the highest of 17.1% DD.

I am a believer of: "you must lose before winning"..."you must first be scared to be brave"..

Michael B.,
 

Attachments

Plook,

I will now ask you for an apology, before I answer any more of your questions.

I am taking a 10 minute break, as I find this public exposure taxing...Perhaps, I should end this Journal.

Michael B.
 
Why am I apologizing? Really, I would think you would be happy for me to audit your results so you can quickly change your plans. Sure, you haven't lost any money (if the spreadsheet is accurate), but you haven't made any either. Please explain...
Quote from ElectricSavant:

Plook,

I will now ask you for an apology, before I answer any more of your questions.

I am taking a 10 minute break, as I find this public exposure taxing...

Michael B.
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