Taking 45K to a 100K by year end 2012

[slumdog]

2.5% is my max risk per trade (to my stops). I cant actually trade larger than that due to margin requirements of having several positions, in different markets, open at the same time.
As i said in my first post, im a day trader.

 

[slumdog]

Equity chart attached. I am being optimistic and putting the 100K target on the chart.

 

[artfartdart]

what is your sharpe (using unrealized PnL over the time period)?

 

[slumdog]

Quote from artfartdart:

what is your sharpe (using unrealized PnL over the time period)?

I will give you a sharpe ratio at the end of the year as i think its a bit too early yet. I dont get what you mean by unrealized PnL??.. as a day trader i realise my PnL at the end of each day.

 

[artfartdart]

by unrealized i mean, suppose that during the day, you observe an unrealized PnL of -1000. however, the realized pnl later is something like -300.

i think it's more useful to calculate standard deviation of returns based off of unrealized pnl than otherwise.

 

[slumdog]

Attached is an IB generated report that shows a sharpe ratio metric for my account year to date. I said i wouldnt bother calculating the sharpe till the end of the year a few posts ago, but since then i just realised that IB calculate it for me so i will attach it:

 

[slumdog]

Week 7
======

£3408 loss

Closing Balance: £48593

Peak equity this year: £56991

Current draw down: 15%

Another brutal week takes this draw down to almost 15%. The last six trading days have all been losers. How long this draw down will last and how deep it will go is anyone's guess. But i except and mentally prepare for 30% draw downs and this one is only half way there.

Th account was flying a couple of weeks ago, now it has been bought back down to earth:

Weekly P/L so far for 2012:

Week1: £2,893
Week2: £2,421
Week3: £265
Week4: -£1,129
Week5: £6,652
Week6: -£4,101
Week7: -£3,408

 

[1a2b3cppp]

What is the pink line on your chart?

I like the idea of posting a chart in your journal. I may steal it

 

[atticus]

Quote from 1a2b3cppp:

What is the pink line on your chart?

I like the idea of posting a chart in your journal. I may steal it

The fwd equity curve he must achieve to meet his goal.

 

[El_Torro]

Good thread OP, newbies everywhere thank you.