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Attachments: My multi-currency trade journal
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My multi-currency trade journal

  • #21
  • Jun 6, 2014 11:19am Jun 6, 2014 11:19am
Quoting davelansing
Rap, The nice aspect about this trading approach, as "boring" as it is, is that during wild volatile days I'm no longer sitting on pins & needles due to wild swings in my equity (when I was a large lot single position trader). In fact, now I relish volatile days because my %DD doesn't move much due to the spreading of my risk across multiple small positions, yet still gives me opportunity to take profit (as long as that net profit is at least 1% of my balance). As I stated in post #1, after reading, re-reading, and studying posts by you, Bilstein,...
Isn't it wonderful how dread is exchanged for fun, How news events, and the volatiliy they cause are now sought after, rather than avoided?


I more or less took today off, tho I did keep an eye of the NFP. Without doing anything, over 25 p just fell in my lap. With equity higher, more room in my margin for extra trades, all while I did other things.

I get the feeling of permitting the market to give me money, rather than making it do so...
  • #22
  • Jun 6, 2014 5:38pm Jun 6, 2014 5:38pm
Update as of 4:00 pm EST....

Account balance (5/21/14): $104.59
Account balance (6/6/14): $112.01
%gain = 7.1%
Floating P/L = -$5.66
Net Asset Value = $105.85
% Floating DD = 5.1%
Positions open: 27
No. units per pair = 40
Margin used = $26.76
Margin Available = $79.58
% Margin = 34%
RISK = ~$2.00 per 500 pips draw down per position (= ~$56 for all open positions)
  • #23
  • Jun 7, 2014 8:23am Jun 7, 2014 8:23am
Thanks waktong,

I look forward to reading your journal as well....

Dave
  • #24
  • Jun 9, 2014 7:08pm Jun 9, 2014 7:08pm
Update as of 8:00 pm EST....

Account balance (5/21/14): $104.59
Account balance (6/9/14): $112.05
%gain = 7.1%
Floating P/L = -$6.80
Net Asset Value = $105.25
% Floating DD = 6.1%
Positions open: 27
No. units per pair = 40
Margin used = $26.74
Margin Available = $78.51
% Margin = 34%
RISK = ~$2.00 per 500 pips draw down per position (= ~$56 for all open positions)
  • #25
  • Jun 10, 2014 5:56pm Jun 10, 2014 5:56pm
Update as of 8:00 pm EST....

Account balance (5/21/14): $104.59
Account balance (6/10/14): $113.05
%gain = 8.1%
Floating P/L = -$10.25
Net Asset Value = $102.80
% Floating DD = 9.1%
Positions open: 28
No. units per pair = 40
Margin used = $28.41
Margin Available = $74.40
% Margin = 38%
RISK = ~$2.00 per 500 pips draw down per position (= ~$56 for all open positions)
  • #26
  • Jun 11, 2014 4:09am Jun 11, 2014 4:09am
That you are succeed with such a small account is remarkable. Your method reminds me of Bilstein's
  • #27
  • Edited 6:50pm Jun 11, 2014 5:34am | Edited 6:50pm
Hi Rap,
My trading method is greatly influenced by Bilstein's "inventory management" approach, that he described in the "Hedging vs. stop loss" thread. Reading his posts, and posts by Nanningbob and yourself, is when I had my "ah ha" experience. Extensive backtesting gave me the confidence to move forward to trade with a live, albeit small, account... Hence this journal...we will see over time...

Dave
  • #28
  • Jun 11, 2014 7:45am Jun 11, 2014 7:45am
Quoting davelansing
Hi RAP, My trading method is greatly influenced by Bilstein's "inventory management" approach, that he described in the "Hedging vs. stop loss" thread. Reading his posts, and posts by Nanningbob and yourself, is when I had my "ah ha" experience. Extensive backtesting gave me the confidence to move forward to trade with a live, albeit small, account... Hence this journal...we will see over time... Dave
Bilstein doesn't seem to believe that his method will work with small accounts, yet, so far, your adaptation seems to be doing well. I hope he is watching.
  • #29
  • Edited Jun 12, 2014 2:47am Jun 11, 2014 6:55pm | Edited Jun 12, 2014 2:47am
Update as of 9:50 pm EST....

Account balance (5/21/14): $104.59
Account balance (6/11/14): $115.38
%gain = 10.3%
Floating P/L = -$13.15
Net Asset Value = $102.23
% Floating DD = 11.4%
Positions open: 28
Average No. units per position = 42
Margin used = $29.36
Margin Available = $72.87
% Margin used = 40.3%
RISK = ~$2.00 per 500 pips draw down per position (= ~$56 for all open positions)
  • #30
  • Jun 12, 2014 7:07pm Jun 12, 2014 7:07pm
Update as of 8:00 pm EST....

Account balance (5/21/14): $104.59
Account balance (6/12/14): $117.26
%gain = 12.1%
Floating P/L = -$12.76
Net Asset Value = $104.50
% Floating DD = 10.9%
Positions open: 28
Average No. units per position = 45
Margin used = $30.16
Margin Available = $74.33
% Margin used = 40.5%
RISK = ~$2.25 per 500 pips draw down per position (= ~$63 for all open positions)
%RISK = $63/$117.26 = 54%
  • #31
  • Edited Jun 14, 2014 6:41am Jun 13, 2014 2:32pm | Edited Jun 14, 2014 6:41am
Update as of 4:00 pm EST....
End of week 3 of current month
Current month start date: 5/21/14
Current month end date: 6/20/14

Account balance (5/21/14): $104.59
Account balance (6/13/14): $117.26
%gain = 12.1%
Floating P/L = -$11.49
Net Asset Value = $105.77
% Floating DD = 9.8%
Positions open: 28
Average No. units per position = 45
Margin used = $30.14
Margin Available = $75.63
% Margin used = 40%
RISK = ~$2.25 per 500 pips draw down per position (= ~$63 for all open positions)
%RISK = $63/$117.26 = 54%
  • #32
  • Jun 16, 2014 6:54pm Jun 16, 2014 6:54pm
Update as of 8:00 pm EST....
Current month start date: 5/21/14
Current month end date: 6/20/14

Account balance (5/21/14): $104.59
Account balance (6/16/14): $117.23
%gain = 12.1%
Floating P/L = -$11.70
Net Asset Value = $105.53
% Floating DD = 10%
Positions open: 28
Average No. units per position = 45
Margin used = $30.17
Margin Available = $75.36
% Margin used = 40%
RISK = ~$2.25 per 500 pips draw down per position (= ~$63 for all open positions)
%RISK = $63/$117.23 = 54%
  • #33
  • Jun 17, 2014 5:16pm Jun 17, 2014 5:16pm
Update as of 8:00 pm EST....
Current month start date: 5/21/14
Current month end date: 6/20/14

Account balance (5/21/14): $104.59
Account balance (6/17/14): $117.22
%gain = 12.1%
Floating P/L = -$11.79
Net Asset Value = $105.43
% Floating DD = 10.1%
Positions open: 28
Average No. units per position = 45
Margin used = $30.11
Margin Available = $75.32
% Margin used = 40%
RISK = ~$2.25 per 500 pips draw down per position (= ~$63 for all open positions)
%RISK = $63/$117.22 = 54%
  • #34
  • Jun 18, 2014 1:07pm Jun 18, 2014 1:07pm
Looks good so far and I like the concept. How long are you staying with the $100 account size ?
  • #35
  • Jun 18, 2014 6:22pm Jun 18, 2014 6:22pm
Update as of 8:00 pm EST....
Current month start date: 5/21/14
Current month end date: 6/20/14

Account balance (5/21/14): $104.59
Account balance (6/18/14): $118.22
%gain = 13.0%
Floating P/L = -$12.25
Net Asset Value = $105.97
% Floating DD = 10.4%
Positions open: 28
Average No. units per position = 45
Margin used = $30.22
Margin Available = $75.75
% Margin used = 40%
RISK = ~$2.25 per 500 pips draw down per position (= ~$63 for all open positions)
%RISK = $63/$118.22 = 53%
  • #36
  • Edited Jun 19, 2014 2:58am Jun 18, 2014 6:29pm | Edited Jun 19, 2014 2:58am
Hi freundr,

Nope... no plans on adding funds to my account other than through "trading appreciation"

Dave
  • #37
  • Edited Jun 20, 2014 2:53am Jun 19, 2014 6:09pm | Edited Jun 20, 2014 2:53am
Update as of 8:00 pm EST....
Current month start date: 5/21/14
Current month end date: 6/20/14

Account balance (5/21/14): $104.59
Account balance (6/19/14): $118.71
%gain = 13.5%
Floating P/L = -$12.43
Net Asset Value = $106.28
% Floating DD = 10.5%
Positions open: 28
Average No. units per position = 45
Margin used = $30.60
Margin Available = $75.69
% Margin used = 40%
RISK = ~$2.25 per 500 pips draw down per position (= ~$63 for all open positions)
%RISK = $63/$118.22 = 53%
  • #38
  • Jun 20, 2014 1:58pm Jun 20, 2014 1:58pm
Update as of 4:00 pm EST....
Current month start date: 5/21/14
Current month end date: 6/20/14
END OF MONTH 1

Account balance (5/21/14): $104.59
Account balance (6/20/14): $119.36
%gain = 14.1%
Floating P/L = -$14.31
Net Asset Value = $105.05
% Floating DD = 12%
Positions open: 28
Average No. units per position = 46
Margin used = $30.75
Margin Available = $74.30
% Margin used = 40%
RISK = ~$2.30 per 500 pips draw down per position (= ~$65 for all open positions)
%RISK = $65/$119.36 = 54%
  • #39
  • Jun 21, 2014 5:32am Jun 21, 2014 5:32am
Floating P/L has increased and it "Hides" part of your net increase in value.
I think you will find it coming back on its own, and your net increase in value increasing accordingly as long as your stick to that nice healthy %margin.
  • #40
  • Jun 21, 2014 6:22am Jun 21, 2014 6:22am
Rap,

I've become so risk adverse that having my %Margin Used at 40% is a bit disconcerting...below 25% would be much better! The current floating %DD (~12%) is slightly above my objective of 10%, but nothing that concerns me. If need be (%DD ceiling of 20%), my plan will be to close losing positions that match percentage-wise to open winning positions...this will prevent my account balance from decreasing. Also, if the sum of ALL positions (positive & negative) achieves a minimum of 1% gain of the account balance, then ALL positions will be closed.... wash, rinse, repeat...

Dave
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