Verisimi
- Thread starter Pekelo
- Start date
What about max draw down or something similar. It seems that you don't use stops so saying you are up 42 points is nice, but how much did things move against you before you got out. Like currently, you are long at 1518 and the low is 1509.25. That's 9.25 AGAINST you. Why not just use a site like C2. That way it could track all this for you. And you could make some residual income from subscribers if you so choose. Saying, "long 1518", doesnt really do anyone any good.
Quote from Trader273:
What about max draw down or something similar.
The most was I think about 2 % or less...
It seems that you don't use stops so saying you are up 42 points is nice, but how much did things move against you before you got out.
Since this system is supposed to mimic the market with the less possible trades (I know, I am not doing well following my own rules) when the market goes down I go down with it, with a few exceptions. The stop loss is needed mostly when I go short, because being wrong hurts the system twice as much.
Why not just use a site like C2.
Because this is just for fun and testing a theory, which is how to outperform the market in the simplest way possible...
What about max draw down or something similar.
The most was I think about 2 % or less...
It seems that you don't use stops so saying you are up 42 points is nice, but how much did things move against you before you got out.
Since this system is supposed to mimic the market with the less possible trades (I know, I am not doing well following my own rules) when the market goes down I go down with it, with a few exceptions. The stop loss is needed mostly when I go short, because being wrong hurts the system twice as much.
Why not just use a site like C2.
Because this is just for fun and testing a theory, which is how to outperform the market in the simplest way possible...
Nope, I wasn't shorting. I was closing the long from 1518, check the thread again. But I screwed it up, should have left it long until at least the next day 10 am. I let the market run away without me being long.
I also said I was going to use a stop loss of 5 pts if I short, keep that in mind.
Anyway, the fund is up 55.5 points YTD, now the market gained on me, so I have to let gainers run in the future. I will be on vacation next week, so there won't be trades most likely, but I would be shorting...
Have a nice weekend...