His net per trade is 107.14 (based upon dividing profitable trades into the capital profits over an unknown period of time); his risk per trade is 600 bucks.
I calced the risk reward to be 0.18 That is: 107.14 /600.
Were he trading for a year then the number of trades per day would approximate: 1680/240 = 7 trades a day or an average of 750 dollars a day. I calced 180,000/240.
Trading 6 contracts requires little capital and apparently the guy is not using an approach of compounding profits. It may be that the profits are being spent for various reasons..... non business reasons.
So far I haven't been able to figure out the risk management stuff. One market that is traded is YM. The % of total capital being applied is not known to me. It may be a low or high %.
If this is a business, then it has income from various services and products. This income would support the start up and then operating expenses at some point. If not it will go under. So far it looks like the trading as shown in the record synopsis is supporting the business since there is no application of trading profits to the capital being traded. This is not a good example to set if the sales portion of the business is ever going to use an announced track record. Reporting requirements will show all of this as time passes.
Then, perhaps, we will see when the operation is folded into a larger operation as and when it ripens into low hanging fruit. The current voice of the operation seems to be its greatest liability.
The baseline is there from which to beome competitive. It looks like the honeymoon is now over and its time to get to work.
Time to skip the losses incurred with the 10 dollar fee. Open the doors for business.
I calced the risk reward to be 0.18 That is: 107.14 /600.
Were he trading for a year then the number of trades per day would approximate: 1680/240 = 7 trades a day or an average of 750 dollars a day. I calced 180,000/240.
Trading 6 contracts requires little capital and apparently the guy is not using an approach of compounding profits. It may be that the profits are being spent for various reasons..... non business reasons.
So far I haven't been able to figure out the risk management stuff. One market that is traded is YM. The % of total capital being applied is not known to me. It may be a low or high %.
If this is a business, then it has income from various services and products. This income would support the start up and then operating expenses at some point. If not it will go under. So far it looks like the trading as shown in the record synopsis is supporting the business since there is no application of trading profits to the capital being traded. This is not a good example to set if the sales portion of the business is ever going to use an announced track record. Reporting requirements will show all of this as time passes.
Then, perhaps, we will see when the operation is folded into a larger operation as and when it ripens into low hanging fruit. The current voice of the operation seems to be its greatest liability.
The baseline is there from which to beome competitive. It looks like the honeymoon is now over and its time to get to work.
Time to skip the losses incurred with the 10 dollar fee. Open the doors for business.
The domain name auto renews/bills each year.