Traders' Roundtable

Thanks for the links Tobbe.

I would surmise that, if we just follow our rules, mainly cutting our losers & letting our winners run, these various performance-grading ratios will take care of themselves. After all, favorable ratios are the result of following a good set of trading rules, correct ...

Well enough...thanks c.f. for clarifying that.

Didn't mean to doubt your answer Angelo, I was just getting different answers from my own inquiries. You were correct.

Based on the "Managed Account Reports ratio defined by CAGR% / Maximum Drawdown" definition, exactly how is this ratio used in ...

hmmm....

I had also just come across something on the web calling it "minimal acceptable return" (MAR).

http://www.sortino.com

Maybe we can get a consensus from some others?

Thanks for your reply.

This question is REALLY dumb.... :oops:

I know what the MAR ratio is & what is represents for the most part....I just dont know what "MAR" stands for! Looked all over this board & on the internet & couldn't find it. Everyone just uses "MAR". :shock:

Im assuming it is: "M_____ at Risk". :lol ...

I was not aware of this book, but will definetly pick up a copy from AMZN, seeing as "Reminiscences" was such a great book. Thanks for providing the updated ISBN # also.

Fyi, there are first edition copies of this book on ebay, one currently has a bid for $999, another has a buy it now price for ...

Hey, I am on a short bankroll and have very little free time so when money and time are a problem, one doesnt have the luxery of making many mistakes. I have also tried to learn coding and am failing miserably at it. But, maybe I need to buy a specific book. I am still willing to learn. Also, do ...

Roscoe,

Either the turtle system still works or it doesnt. Either the triple moving average system is better than the turtle system or it isnt. Am I missing something? -) Heck, i could just burn my brain out learning how to use trade station and experiment for years if I wanted to do that. Am I ...

If you want total unabashed honesty, the advice I would give you is: dont bother daytrading.

I traded at two props firms in NYC for a little over 2 years. I was ahead on a gross basis by about $45,000, after commissions I was down about $15k. That translates into $60k in commissions. Not a winning ...

I feel your pain. I come from a daytrading shop and it was hard getting away from being glued to the screen. I found it just took time to change my mentality. When a stock gets to my entry and exit points I am still a 5-min chart person but until it gets to those areas I don't worry about it ...

Thanks Barli for your insights...

I don't really dont "want" to learn how to day trade, but thanks for the book references anyway :lol: .

I, like you, do not want to be glued to the screen watching every print. I no longer day trade, for that very reason. I think it's an inefficient use of a ...

Verec, thanks for the informative response.

Just to clarify: You are suggesting that stops be placed "on the book" with the broker, correct?

If I don't monitor prices intraday and without a stop on the book, a position would be exposed to a voilent adverse move, slippage or not. As opposed to ...

Lots of mech systems traders say "Thank God I have a day job which prevents me from looking at the tape during market hours". I'm one of em.

My situation forces me to use EOD data and to enter my orders at night before the next session's Open. Since I can't watch the day's action, it doesn't ...

My interest in VaR is along the lines of being curious to what the number would be. I know banks and funds tend to use things like this and think it would be interesting to see what the numbers say. It is just a tool like anything else and people who over rely on the number generated and lose focus ...

It's been a few months since anyone posted here, but I'll add this anyway. I just read the Taleb interview at derivativestrategy.com and the VAR article on his own site and it seems clear now, at least in my mind, that the entire VAR model & related assumptions are highly flawed.

This exchange ...

I worked at a day trading firm on Wall Street for about the last 2.5 years with very little success. Including commissions, I was down about $40k in that period, most of which is commission charges.

Anyway, the more I watched trades take off after I'd taken my token half a buck, I began to realize ...