Elite Trader's Gambler's Anonymous ETGA
- Thread starter ElectricSavant
- Start date
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Can anybody tell me if I should report the MAX risk to profit Ratio or each line item risk to profit ratio in the spreadsheet? What is standard and/or most important?
Michael B.
Michael B.
Wow...
Max risk to cumulative profit has a much different result..wow I have a lot of work to do... I am only at 1: 0.77 and I need at least 1:4
Max risk to cumulative profit has a much different result..wow I have a lot of work to do... I am only at 1: 0.77 and I need at least 1:4
I really regret that 17.1% drawdown...now I am going to have to work hard for the next 320 days to get to my goal of 1:4...
I feel really disappointed that I had to introduce my system with that high drawdown. I am carrying around a 4%-10% drawdown and that is more representitive of the way I trade.
When I got that 17.1% drawdown, I was way "over exposed" and I do not trade with that much leverage, now that I know better...
What to do now? I do not want to turn up the "Gambling Meter" too much. I will need trading opportunities like the last 45 days to repeat themselves, which I do not think will happen.
I will not increase exposure too much as it is more important for me to preserve a low "Gambling Meter".
This "trading like a hedge fund" is harder than I thought and I do not think my goal is unreasonable (If I do not get it this 365 day period, I will get it next time, because I will be smarter).
Michael B.
I feel really disappointed that I had to introduce my system with that high drawdown. I am carrying around a 4%-10% drawdown and that is more representitive of the way I trade.
When I got that 17.1% drawdown, I was way "over exposed" and I do not trade with that much leverage, now that I know better...
What to do now? I do not want to turn up the "Gambling Meter" too much. I will need trading opportunities like the last 45 days to repeat themselves, which I do not think will happen.
I will not increase exposure too much as it is more important for me to preserve a low "Gambling Meter".
This "trading like a hedge fund" is harder than I thought and I do not think my goal is unreasonable (If I do not get it this 365 day period, I will get it next time, because I will be smarter).
Michael B.
I want to start building a "Sortino" Ratio in the spreadsheet. Can somebody plug it into the spreadsheet and post the revised spreadsheet?
I find it a little complicated to understand over at the Willmot forum that I googled. (I have a NAV column...huh thats a start...but I have 365 NAV's per year?)
Michael B.
I find it a little complicated to understand over at the Willmot forum that I googled. (I have a NAV column...huh thats a start...but I have 365 NAV's per year?)
Michael B.
Today's Trades (Friday)
Improved Risk to Profit Ratio calculation to indicate MAX Risk to CUMULATIVE Profit Ratio and Introduced a Graph of it.
Removed "Status Bank" duplications for paging. There is just one continuious spreadsheet with column headers at the top and bottom to find my place.
Removed Monthly Projected and Goal fields from "Status Bank" I do not know why Electric had that...
Added a goal change asterisk to the "Gambling Meter" column....
Improved Risk to Profit Ratio calculation to indicate MAX Risk to CUMULATIVE Profit Ratio and Introduced a Graph of it.
Removed "Status Bank" duplications for paging. There is just one continuious spreadsheet with column headers at the top and bottom to find my place.
Removed Monthly Projected and Goal fields from "Status Bank" I do not know why Electric had that...
Added a goal change asterisk to the "Gambling Meter" column....
Today's Trades (Saturday)
"Max Risk to Profit Ratio" & "Cumulative Profit in %" formula corrected, reflecting a small change in values.
"Cumulative Profit in %" graph introduced.
Some "Data Bank" Formula's checked and corrected.
Introduced goal for "Cumlative Profit in %" (at top of header)
"Max Risk to Profit Ratio" & "Cumulative Profit in %" formula corrected, reflecting a small change in values.
"Cumulative Profit in %" graph introduced.
Some "Data Bank" Formula's checked and corrected.
Introduced goal for "Cumlative Profit in %" (at top of header)
I thought it would be helpful to clarify that the RETAIL TRADING rules for this system differ from the discretionary techniques that Electric uses. Electric outperforms the retail system while holding the DD to a minumum by using these same rules, but he exercises discretion as to when and how much to apply them. This cannot be taught in this Journal. Therefore, I am posting the updated Retail rules, for all of you to learn with.
May I remind those of you that are trading this Cash & Carry System, that the most important TWO rules for you to follow is:
This system is a geometrically sensitive system reacting more than you think, to small adjustments.
Wifey
May I remind those of you that are trading this Cash & Carry System, that the most important TWO rules for you to follow is:
- Start with and strive to maintain the 5.85:1 "Gambling Meter".
- Always keep that Average Trade Price as close to the Current Price as possible. Don't get carried away with the "take profit only mode".
This system is a geometrically sensitive system reacting more than you think, to small adjustments.
Wifey
I will be introducing a spreadsheet column to give a guideline/goal for the amount of $ to maintain in the Trading side of the account for the "Margin Available" from day-to-day.
The amount will float off of 17% of the "New Balance" column and is rounded up to $10.00 increments. The actual balancing/transfers will continue to be reflected in the "Adjustment Column's" manuelly, whether the goal is followed or not.
Please use your discretion over the weekends.
Michael B.
There is a topic for discussion, about...why not increase exposure on Friday's to get high interest over the weekend...then dial down durng the next week? This is just for discussion, and I am not suggesting this to be prudent.
The amount will float off of 17% of the "New Balance" column and is rounded up to $10.00 increments. The actual balancing/transfers will continue to be reflected in the "Adjustment Column's" manuelly, whether the goal is followed or not.
Please use your discretion over the weekends.
Michael B.
There is a topic for discussion, about...why not increase exposure on Friday's to get high interest over the weekend...then dial down durng the next week? This is just for discussion, and I am not suggesting this to be prudent.
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