This makes sense: "traders-come-coders"
"cum" is something else ... (:
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For the cBots coders and traders 0 replies
Looking for experienced traders/coders to explain backtest result 14 replies
Coders needed in free strategy project! 0 replies
Disliked{quote} Yes, it originates from the same Latin word meaning 'and', 'with', or 'including'. Like 'summa cum laude' = 'with the highest praise'.Ignored
DislikedPerhaps it is time to turn this thread around and ignore all the capital provider, 3-month demo trading and other crappy requirements mentioned in the first post. If you are a relatively successful, knowledgeable but inconsistent trader (or just tired of trading!) but HAVE significant capital to invest, what criteria would you define for other traders to 'safely' trade your own money? Perhaps, share the RM/MM portion of your own trading plan in a broader sense and gear this thread towards a more structured and meaningful discussion. Examples: Ignore...Ignored
DislikedPerhaps it is time to turn this thread around and ignore all the capital provider, 3-month demo trading and other crappy requirements mentioned in the first post. If you are a relatively successful, knowledgeable but inconsistent trader (or just tired of trading!) but HAVE significant capital to invest, what criteria would you define for other traders to 'safely' trade your own money? Perhaps, share the RM/MM portion of your own trading plan in a broader sense and gear this thread towards a more structured and meaningful discussion. Examples: Ignore...Ignored
DislikedGuys. These are just "Examples". List yours to make this discussion meaningful so others (and I) can benefit and make it worth our time. Edit: what do YOU want to see in the Equity tab of trade explorer to assess and verify someone's trading skills and performance? Text book responses is a waste of time ! Again...in the Equity tab and not Balance.Ignored
DislikedPerhaps it is time to turn this thread around and ignore all the capital provider, 3-month demo trading and other crappy requirements mentioned in the first post. If you are a relatively successful, knowledgeable but inconsistent trader (or just tired of trading!) but HAVE significant capital to invest, what criteria would you define for other traders to 'safely' trade your own money? Perhaps, share the RM/MM portion of your own trading plan in a broader sense and gear this thread towards a more structured and meaningful discussion. Examples: Ignore...Ignored
I would very much appreciate it.
Disliked{quote} Thanks for sharing Bicarus. We finally have a professional trader amongst us. If you don't mind, would you mind sharing how much leverage you use in your client's accounts to target 25% annual returns. I love your max drawdown control of 15%. I am finding it very hard to achieve this. IF you do a Close-All @ max drawdown, how do you get back in the game? Meaning you could receive two consecutive max drawdown related close-all events. How do you manage your client expectation when this happens? Is your strategy trend following or rangebound/countertrend?...Ignored
Dislikedi will answer all questions in 1 post. @dukas_trader: it is discrete managed account model (DMA) not managed fund wherein all client's funds are amalgamated. thus commission/swap paid/received is via clients account to clearing house, not me. i do not have increased spread/commission relationship with broker. all i have is a backend arrangement with the clearing house which netts p&l at end of month. debiting from clients account management fee and crediting it to me if dued based on high water mark. as stated it is a discrete managed account model...Ignored
Disliked{quote} Thanks Bicarus for your response. I now understand but still very impressed in your ability to limit drawdown. To dissect a litter further and to compare it with my experience... "5-7% drawdown is max allowed risk for reversal.".... The only way to limit drawdowns imo is to trade reversals i.e. bounce off SR or whatever instead of breakouts or trend following trading style. (Ignored
Disliked{quote} Agreed. Basically if you don't know who the noob is, it is you. Sharks feed on noobs by showing high returns but not show true DDIgnored
Disliked{quote} I would agree with dukas as well if he means trade small position size. It's a no brainer that trading small with lower leverage results in reduce risk and reduced max drawdown. Perhaps i am the only fool asking about this so lets try this one more time. I am only concerned with max drawdown of floating equity. Not realized trades, not the balance curve. My realized drawdown (from trades closures as in PNL) is under 5%. No big deal. I can limit to even 1% if i chose to BUT as a position trader, I have over 100 trades floating in profit for...Ignored
Disliked{quote} I How do you control drawdown on your floating trades when your clients can sign up to join you any day of the week or month ??? Edit- I am not looking for textbook responses.Ignored