So that was a 42% drawdown on that one trade?
I can handle the DD especially when I start with only $100 and let it ride.
You can certainly handle it after adding all that margin money.
I'm not sure exactly what the DD was but that may be accurate. However, because I average about zero loses in the last 13 months, I can handle the DD especially when I start with only $100 and let it ride. The worst I've seen is 58% DD and that trade didn't come half that.
Yeah, looking at my charts it's around that. Perfectly acceptable if you're happy with it and expecting it, only issue is it's buggered your sharpe ratio and the like if you're serious about getting investment.
Starting funds on Monday 13th June £391
ACCOUNT BALANCE JUNE 2011
13th £391 = $642
17th £428 = $688
24th £443 = $707
ACCOUNT BALANCE JULY 2011
1st £458 = $733
8th £487 = $777
16th £492 = $793 Trade still open over the weekend
22nd £510 = $825
29th £498 = $811 Closed manually to avoid open trade over weekend
Of course, if your stop gets hit, your expectancy is still positive, but your P&L won't be.