Swing Trading Global Markets - WILD Approach

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iloveoptions said:
Good Trading! When will you go live with this?
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Hi, I have started thinking of taking this live, I will probably plot the equity curve and drawdown for this journal and once I feel convinced that the right time has come, I finally decide.
 
gmst said:
Hi, I have started thinking of taking this live, I will probably plot the equity curve and drawdown for this journal and once I feel convinced that the right time has come, I finally decide.
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Log the size of each drawdown. Think of your largest drawdown as your investment in this "business opportunity". If you exceed your largest drawdown when you go live then stop trading live and continue with paper instead and then re-assess whether the edge is still there. Think of yourself as investing in a startup where you know where you'll cut your losses on the venture.

Ideally, you'd want to take the paper system through at least 30 drawdowns for statistical significance, however I violate that rule myself sometimes.
 
gmst said:
flat out at 1879.

Profits = 14*7*50 = 4,900 USD

Account Equity = 87,025 + 4,900 = 91,925 USD
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Good job. Looks like it keeps going :)

Only thing I can think of if ever going live is to have some sort of definition to an equities cool-off. I'm sure you know what I mean.

Good luck!
 
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