I think i'm up around 2 or 3R. My %wins are less than 50% though.
Any sort of breakeven or slight profit this month would be good going in my book. You are doing really well to be up 5R so far. When are you going to start your own blog ? :-)
I don't re-calculate my %risk pos size per capital size every day. You are right though, and I probably will start doing that once the summer doldrums are over.
Ryan Jones book > nope have never read it. I'll look it up if I get time.
Regarding blogging, I am not sure how to successfully combine my extensive excel spreadsheets to a watered down version of a daily blog post.
With my spreadsheets once I post certain pertinent data, it automatically updates all my worksheets in a single coherent format.
For now, I am inclined to stick with this old fashioned method. However, I am willing to release all of my spreadsheets for your personal perusal upon request.
3 comments:
TR: seems like most traders are have a slow month.
I am interested to see if this month will end in net profitability, a win/loss ratio greater than a coin toss, and total # of losses in row.
As of 7/21/08, my net results are 5R gains, w/l 48/52%, and 5 losses in row.
What are your stats so far?
Do you re-calculate your % capital risk per trade every day to determine your position size as your trading account grows?
IMO, by using the power of compounding and leverage, combined with a proven and tested trading strategy, your account will grow exponential.
Have you given any thoughts to Ryan Jones's Fixed Ratio Money Management system? Read his book?
Thanks, Ralph
ralph.
I think i'm up around 2 or 3R. My %wins are less than 50% though.
Any sort of breakeven or slight profit this month would be good going in my book. You are doing really well to be up 5R so far. When are you going to start your own blog ? :-)
I don't re-calculate my %risk pos size per capital size every day. You are right though, and I probably will start doing that once the summer doldrums are over.
Ryan Jones book > nope have never read it. I'll look it up if I get time.
TR: Thanks for response.
Regarding blogging, I am not sure how to successfully combine my extensive excel spreadsheets to a watered down version of a daily blog post.
With my spreadsheets once I post certain pertinent data, it automatically updates all my worksheets in a single coherent format.
For now, I am inclined to stick with this old fashioned method. However, I am willing to release all of my spreadsheets for your personal perusal upon request.
Thanks, Ralph
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