are you still trading 2 up?
Each trade is another at-bat, each trading day is another ball game. Glad to see you killed it last week
paper, in the ESM2
5/11/2012 GrossPnL ($475.00) AvgWin 45.63 AvgLoss -69.38 Win% 0.5 NumContracts 20
(paper) GrossPnL $1,250.00 AvgWin 54.82954545 AvgLoss -26.42045455 Win% 0.666666667 NumContracts 48
rather than doubling your size, you could also just make more "bets."
while I don't disagree with having a pnl stop out per se, you should analyze more than just a week's worth of data. The pros of this method are...
is this trading 2 up?
i read the book a while ago and pitched it to the trash can, but has anyone made serious money doing this (more than $250k within a year?)
good for you Instynct, glad you upped the size. anything i've ever traded that I've eventually upped the size on ALWAYS has an initial negative...
what particular aspect? it sounds like you're referring to the behavioral finance sections?
you should keep the realized Pnls of your next 500 trades, and see what your "expectation" is per trade. if it's negative, you need to change...
it's much more limited than that even; unless you want to manage people's portfolios, I'm not sure how a CFA would help in investment banking...
"In terms of routing, you likely have a lot more venues to choose from, but are they considerably faster than the limited routes offered by...
psh, I'm taking level III in June and it doesn't help with trading. take a probability/statistics class. write your own backtester in R or...
my trading has been flat since pretty much early dec. no volatility/low volume is challenging.
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....
what is your sharpe (using unrealized PnL over the time period)?
plot your cumulative PnL vs. the VXN (nasdaq vol). I'd wager they're pretty correlated.
couple questions: why did you pick 1.x% percent as max position size? are you using something on the order of Kelly criterion? would you...
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