Well, it's a new month and so it's time to take an account and see where we are now. It's been 3 months since I started PTT so this is a good time to sorta see how this method is profitable or not.
closed balance is $401, i started with $400 on 8/29/11. My max DD (actually max float, but I call it DD, I count open or closed DD) was under 11% during the entire trading so far. I did withdraw $40 after month 1, so I guess we should really add this to ending balance for results. So, an ending balance of $441 on a start of $400 means a $41 gain after 3 months. We can round it off and just call it a 10% ROI in 3 months or a little more than 3% per month. Not too shabby for a pretty simple method that is very doable and based on solid trading ideas. I think I will keep it up and see how another 3 months do for me.
yup, lotsa IB's. good for moving stop orders close to price. I trade with 9 pairs and almost always have a pending order open on each of them. My thinking is that we never know which pair will take off and give us a good trade, so our job is just to put a stop order in front of where price should move and then hopefully follow that trend if/when it does go.
I just had a bunch of trades trigger and close for a small gain.. let's see, I was at $401, now balance stands at $406.. $5 gain in 15 days is about 1.25% ROI.. nothing to brag about, but a nice little profit. We'll see what the end of the year can do..
It's almost 2012 and I just thought I'd do an end of year results for PTT. Well, I should've stopped after the last post, instead I kept on trading and lost a few pips. I ended at about (up a few cents) where I started.. $400. Now I did take out $40 so It the ending balance really should be $440. That's 10% ROI for four months of trading. The worst DD/floating loss I saw was 11%.
Intellectually, this is a great result and it would probably make for a nice annual ROI of approx. 30%. A great result provided u have a large trading account and can live off this ROI. I think I will try another way of trading and see if I can find something with a bit better ROI. More important (psychologically as well as realistic.. for my taste) is how PTT often wins only a small % of the time, so u have to endure a string of losing trades before u have 1 or 2 profitable trades. I think I would be happier with 50%+ winners, even if the overall ROI is a little less. Still, PTT was a great success and I learned much by trying it. I will surely keep PTT in mind if the other methods I want to try really bomb.