Trader P/L 2012

rtiger29 · Dec 21, 2012

Quote from thepolarbear:

That drawdown occurred on profits, not starting equity. I start at 0 every year and keep tight risk limits, but if I'm doing well I'll relax those limits and swing harder.

So how is that goal to hit 1mm coming along. will you hit it??

macintash · Dec 21, 2012

interesting approach. I guess your strategy needs minimum equity. How do you decide position size?

Quote from thepolarbear:

That drawdown occurred on profits, not starting equity. I start at 0 every year and keep tight risk limits, but if I'm doing well I'll relax those limits and swing harder.

thepolarbear · Dec 21, 2012

Quote from macintash:

interesting approach. I guess your strategy needs minimum equity. How do you decide position size?

I am capacity constrained which is why $P/L matters more than percent return. In terms of position sizing, I try to keep a minimal amount in the account to max out my margin at the point where the capacity constraint starts kicking in. I prefer trading this way because every time drawdowns occur I need to go through the physical step of sweeping more funds back in which forces me to re-evaluate my strategies and see if any of my theorized possibilities for strategy decay or regime shift have started to pop up.

I also have a psychological weakness that was exposed in 2008 of getting shell-shocked and refusing to make decisions when vol really picks up. This is especially dangerous with systematic trades because the default is continuing to trade as-is. Having to go through the step of sweeping cash back in serves as a check on this negative spiral, because the default decision is not re-evaluating and not sweeping in, in which case the worst that could happen is I take a large drawdown on the existing account equity which is not a huge deal. I really make it painful to sweep in as well. I keep my primary bank account separate from an account specifically set up to interface with my trading account, so every time I have to sweep in I have to go through 2 transfer steps.

Lintagoose · Dec 21, 2012

b/c I botched this up pretty good. I'm not going to complain, just left a lot in the market.

$33,507.00

I'll be posting year end with top 5 winning/losing days to even it up. I'm off next week, but will give the last day of the year a whirl.

And as for this ridic back and forth with Macintash...How much does a Big Mac cost at your local McDonald's? It cost about $3.95 here in Miami(from what I understand). So, unless your Sharpe ratios, DD and other metrics can get you a free sandwich...post your number. Ratios and metrics don't pay bills.

rallymode · Dec 21, 2012

Second 6 digit day. Pretty good for a holiday week.

Lintagoose · Dec 21, 2012

Nice work, rallymode! You are impressive, indeed. Will we be getting year end and top 5 up/down days? I'd be interested to see from you and sellingvol (more my speed).

rallymode · Dec 21, 2012

Quote from Lintagoose:

Nice work, rallymode! You are impressive, indeed. Will we be getting year end and top 5 up/down days? I'd be interested to see from you and sellingvol (more my speed).

Yea i will post the annual performance when the statement is available. I have already posted most of the bigger winners and losers.

sellindexvol66 · Dec 22, 2012

Quote from Lintagoose:

b/c I botched this up pretty good. I'm not going to complain, just left a lot in the market.

$33,507.00

I'll be posting year end with top 5 winning/losing days to even it up. I'm off next week, but will give the last day of the year a whirl.

And as for this ridic back and forth with Macintash...How much does a Big Mac cost at your local McDonald's? It cost about $3.95 here in Miami(from what I understand). So, unless your Sharpe ratios, DD and other metrics can get you a free sandwich...post your number. Ratios and metrics don't pay bills.

all good points...again..my only thing is ..its fine to derail the thread a bit...all good discussion...i just don't want this place to go off the tracks..that's all.

i mostly post here because most of et wore me out with bs..so i'd hate to see same here.

friday pl +$27,926

thursday was in 5k range but had zero time to post..

oh and rally, nice work.

MoneyWalks · Dec 23, 2012

Quote from sellindexvol66:

...................
friday pl +$27,926

thursday was in 5k range but had zero time to post..

oh and rally, nice work. [/B]

Nice work sellindexvol66, it's really great to see this thread has warm up a little bit

macintash · Dec 23, 2012

Interesting structure and makes sense. So in reality it's not exactly 850% and 60% DD, since the cash account is actually part of the equity but you decided to keep it separate. Am I correct?

Quote from thepolarbear:

I am capacity constrained which is why $P/L matters more than percent return. In terms of position sizing, I try to keep a minimal amount in the account to max out my margin at the point where the capacity constraint starts kicking in. I prefer trading this way because every time drawdowns occur I need to go through the physical step of sweeping more funds back in which forces me to re-evaluate my strategies and see if any of my theorized possibilities for strategy decay or regime shift have started to pop up.

I also have a psychological weakness that was exposed in 2008 of getting shell-shocked and refusing to make decisions when vol really picks up. This is especially dangerous with systematic trades because the default is continuing to trade as-is. Having to go through the step of sweeping cash back in serves as a check on this negative spiral, because the default decision is not re-evaluating and not sweeping in, in which case the worst that could happen is I take a large drawdown on the existing account equity which is not a huge deal. I really make it painful to sweep in as well. I keep my primary bank account separate from an account specifically set up to interface with my trading account, so every time I have to sweep in I have to go through 2 transfer steps.

Trader P/L 2012

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