My journal - Greg Pawlak

[Profesor Pips]

This week was good

 

[Profesor Pips]

Last week was bad for my portfolio, all my profit has been deleted, but trading is not one week profit or loss. Backtest from last 15 years and exhausting test my strategies give me a peace

 

[sebking1986]

How many losses in the week for that equity drop?

 

[Profesor Pips]

It was 4 losses

 

[Norjness]

Hey, GL with with trading, what instruments do you trade?

 

[sebking1986]

It was 4 losses

Variance can be a bugger. Why we se sound risk management though! This week going better so far?

 

[Profesor Pips]

Hey, GL with with trading, what instruments do you trade?

so far EUR/USD, GBP/USD. GBP/JPY

 

[Profesor Pips]

Variance can be a bugger. Why we se sound risk management though! This week going better so far?

so, you suggest I am not using money management? currently, no open transactions.

 

[sebking1986]

No not at all! I'm saying it didn't ruin you BECAUSE you use risk management. Variance is just one of those things we have to deal with in a probabilities game. Those who don't use risk management get ruined by 4 losses. Those that do can take it on the chin and still be in overall profit.

 

[Profesor Pips]

ok, misunderstood I calculated my portfolio for max 10% drawdown.