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Please analyse and let me know

  • #1
  • First Post: Edited 6:22pm Jun 11, 2011 4:39pm | Edited 6:22pm
Hi everyone

I've posted for a while now,(demo against live),and I've attached my demo account for analysis (23 months now),I'd appreciate both positive and negative points,on leverage,drawdown,margins,in fact ANYTHING anyone has to offer.

The reason I ask is I'm thinking of going live this year sometime and loking to anyone's thoughts.

At present I have a running trade from 17/03/2010 ($2130.79 NEGATIVE),however my overall account is showing a very creditable balance.

Regards

Ken
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  • #2
  • Edited 5:36pm Jun 11, 2011 5:23pm | Edited 5:36pm
Quoting kendeb57
Hi everyone

I've posted for a while now,(demo against live),and I've attached my demo account for analysis (23 months now),I'd appreciate both positive and negative points,on leverage,drawdown,margins,in fact ANYTHING anyone has to offer.

The reason I ask is I'm thinking of going live this year sometime and loking to anyone's thoughts.

At present I have a running trade from 17/03/2010 ($2130.79 NEGATIVE),however my overall account is showing a very creditable balance.
How do I get my trade history on here

Regards

Ken
Ken,

I am sorry to deviate from the objective you are seeking, but think asking comments on the method and risk management would be a better idea than inviting comments on equity curve.

In these years, you may have notices that equity curves are secondary thing. They are bound to show ups and downs with varying degrees of steepness. One only needs to know its general direction. Your curve shows up and I hope it's not temporary but supported by good method, market understanding and excellent money management.

Not to discourage you with these excellent results, but I have two comments:

1. 30% drawdown is something that should be a cause of concern.
2. Consecutive wins are much more than consecutive losses. Make sure your method assures this ratio cannot reverse.
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The Thief of Wall Street
  • #3
  • Jun 11, 2011 5:46pm Jun 11, 2011 5:46pm
Quoting kendeb57
Hi everyone

I've posted for a while now,(demo against live),and I've attached my demo account for analysis (23 months now),I'd appreciate both positive and negative points,on leverage,drawdown,margins,in fact ANYTHING anyone has to offer.

The reason I ask is I'm thinking of going live this year sometime and loking to anyone's thoughts.

At present I have a running trade from 17/03/2010 ($2130.79 NEGATIVE),however my overall account is showing a very creditable balance.
How do I get my trade history on here

Regards



Ken


I probably have no real insight for you. However I am curious as to why you are holding onto a year old hugely negative trade. If you can't cut your demo losses early you might not be able to cut your real losses early either.

The only reason I am mentioning that is cause it happened to me. I started with a $500 account and almost doubled it in 6 months or so. I thought it was time to expand, I put in 5 grand and traded the same percentage of my account. long story short I made a huge mistake on one of my trades and didn't cut my loss when I should have. It eventually drew my account down 30%. Although I thought I was fully prepared for the possibility that I would lose every bit of that 5 grand when I put it in my trading account. It turned out I was not even remotely prepared, that one hurt my psyche for quite awhile.

Just my two cents. At the very least I would look to trade a small live account to feel the emotions of live trading. If you take your demo trading seriously it is close, but not quite the same feeling when real money is on the line.

Good luck

Jacob
  • #4
  • Jun 11, 2011 6:17pm Jun 11, 2011 6:17pm
Quoting Chicky
Ken,


Not to discourage you with these excellent results, but I have two comments:

1. 30% drawdown is something that should be a cause of concern.
2. Consecutive wins are much more than consecutive losses. Make sure your method assures this ratio cannot reverse.

The drawdown was a concern for me also(Thanks)

The win/Loss ratio,with my system I assume(hope) I can maintain it.

Running a few other demo accounts with the same/very similar(if not better) win/loss ratio

I did ask in another post,if my trade(running now) would have actually (margin called me out???)

Thanks for your input

Regards

Ken
  • #5
  • Edited 6:47pm Jun 11, 2011 6:27pm | Edited 6:47pm
Quoting J.W. Holmes
I probably have no real insight for you. However I am curious as to why you are holding onto a year old hugely negative trade. If you can't cut your demo losses early you might not be able to cut your real losses early either.

The only reason I am mentioning that is cause it happened to me. I started with a $500 account and almost doubled it in 6 months or so. I thought it was time to expand, I put in 5 grand and traded the same percentage of my account. long story short I made a huge mistake on one of my trades and didn't cut my loss when I...
Because this trade (VERY nearly) went positive ,I must state that I do run a few accounts(ALL in demo) and sometimes miss an opportunity.

Eventually this trade will come positive,and AGAIN I've asked on numerous occasions with a live acount,would I have actually had a margin call on my account,and ONLY because I'm on a demo acount I've been allowed to run this trade so long.

Regards

Ken
  • #6
  • Jun 11, 2011 6:45pm Jun 11, 2011 6:45pm
Quoting Chicky
Ken,

I am sorry to deviate from the objective you are seeking, but think asking comments on the method and risk management would be a better idea than inviting comments on equity curve.

1. 30% drawdown is something that should be a cause of concern.
2. Consecutive wins are much more than consecutive losses. Make sure your method assures this ratio cannot reverse.
I did include my account summary and asked for 'ANY opininions ,be it drawdown,money management etc

ALL opinions accepted,and appreciated,constructive criticism is good.

It helps people to go on to better things

Regards

Ken
  • #7
  • Jun 11, 2011 8:03pm Jun 11, 2011 8:03pm
Quoting kendeb57
Because this trade (VERY nearly) went positive ,I must state that I do run a few accounts(ALL in demo) and sometimes miss an opportunity.

Eventually this trade will come positive,and AGAIN I've asked on numerous occasions with a live acount,would I have actually had a margin call on my account,and ONLY because I'm on a demo acount I've been allowed to run this trade so long.

Regards

Ken
Cool, I was just curious, although with real money I think you would have had a hard time with the mental side of this trade, who knows if a trade is gonna come back. I am sure there are traders holding 1.60 buy positions on the EU from 2008. I just know I couldn't couldn't do it. Also if you are going to hold positions long term like this you might want to look at your brokers swap policies. I would guess long term positions would cost you a bunch in swap fees.

At the very least I am impressed that you have been dedicated enough to demo trade for 3 years straight, without going live. That is pretty impressive IMO. I saw your other thread asking questions about demo versus live trading. I think you owe it to yourself to test your trading with real money. Open an account with an amount of money that you will care about, but can afford to lose without causing you to jump off a bridge (for me that was $500, but you can open and account with $10 these days). Oanda is a good broker to trade small accounts with because they will let you enter any random lot sizes.

Again, best of luck
  • #8
  • Jun 12, 2011 3:57am Jun 12, 2011 3:57am
Quoting J.W. Holmes
Cool, I was just curious, although with real money I think you would have had a hard time with the mental side of this trade, who knows if a trade is gonna come back. I am sure there are traders holding 1.60 buy positions on the EU from 2008. I just know I couldn't couldn't do it. Also if you are going to hold positions long term like this you might want to look at your brokers swap policies. I would guess long term positions would cost you a bunch in swap fees.

Thanks for your input,and I agree totally with the long term trade I have.

It was actually a mistake I made a little early on(whilst still learning the basics),but decided just to let it run it's course,I know with real money(from all I've learnt this far) I would NEVER let a trade run this long.

Regards

Ken
  • #9
  • Jun 13, 2011 2:27pm Jun 13, 2011 2:27pm
Even with the knowledge you now have, you're STILL holding a losing position.
You haven't learnt this lesson!

If you go live, lessons cost money, start small.
  • #10
  • Last Post: Jun 13, 2011 9:00pm Jun 13, 2011 9:00pm
Quoting jpadventure
Even with the knowledge you now have, you're STILL holding a losing position.
You haven't learnt this lesson!
Repeat


It was actually a mistake I made a little early on(whilst still learning the basics),but decided just to let it run it's course,I know with real money(from all I've learnt this far) I would NEVER let a trade run this long.
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