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Forum: System: System 69789319

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1/28/12 (14:02)Pal Anand3Position Sizing for this system

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Subject:Position Sizing for this system
Posted by:Pal Anand (Admin) ( C2 Score: 988)  New msg
 
Ignore user's posts for week month forever
When:1/28/12 (12:20) 
Systems:
Direxion (FAS/FAZ), Direxion BGU/BGZ, Direxion DRN/DRV, Direxion DZK/DPK, Direxion EDC/EDZ, Direxion ERX/ERY, Direxion LBJ/LHB, Direxion MWJ/MWN, Direxion NUGT/DUST, Direxion SOXL/SOXS, Direxion TMF/TMV, Direxion TNA/TZA, Extreme Stocks, ProShares AGQ/ZSL, Proshares TQQQ/SQQQ, ProShares UCO/SCO, ProShares UGL/GLL, Proshares UPRO/SPXU, ProShares UUP/UDN, ProShares UVXY, ProShares UYM/SMN, ProShares XPP/FXP, System 78433109, System 1200737, System 13513226, System 14747274, System 14900604, System 17333270, System 18570303, System 21001636, System 22811602, System 25126348, System 25286922, System 25480083, System 26583686, System 26874100, System 28959109, System 30070387, System 30091398, System 30092309, System 32171590, System 33686814, System 36312421, System 39940733, System 49372097, System 51623361, System 56204818, System 59614452, System 62659351, System 63709256, System 64327252, System 64862505, System 65149161, System 65149202, System 66082786, System 69788609, System 69789319, System 74827691, System 76000954, System 76001024, System18339738
 
Here is a question asked by a potential subscriber and my reply below:

I have been following you on C2 for a while and most recently on Youtual funds although never traded any systems on any of these 2 sites. Really amazed by your skill and knowledge.

I see that you started 2 new systems on C2. I am considering subscribing to your futures system. Would you mind providing more details about the system. Especially about sizing. You started with a 1 million equity. What should be the minimum a/c size to trade this system? First of all should I even subscribe or is it one of your test systems. Your feedback is much appreciated.

Thanks. This futures system is not a test system (it takes subscribers). I am confident that the trading strategy has matured and that I do not have anything else to improve regarding my system rules or system philosophy. It has taken me quite a while to come to this level.

Right now the futures system is trading with moderate amount of contracts (10). So if the minimum is 1 contract, you would need $1 million divided by 10 = $100K. Once it reaches a level of 20 contracts for each position, you may need, say depending on the equity at that point, hopefully $2 million divided by 20 = $100k.

You can also trade only one symbol, say ES (emini S&P 500) and use trader68 autotrading software to place trades or any other symbol(s). In that case your minimum account level has to be calculated accordingly.

For more info, please take a look at the system description (recently approved) which hopefully will answer a lot of your questions.

System 69789319
  
 
Subject:Position Sizing for this system
Posted by:Sridhar Avula ( C2 Score: 403)  New msg
 
Ignore user's posts for week month forever
When:1/28/12 (13:35) 
 

In response to post by Pal Anand of 1/28/12 (12:20)

Here is a question asked by a potential subscriber and my reply below:

I have been following you on C2 for a while and most recently on Youtual funds although never traded any systems on any of these 2 sites. Really amazed by your skill and knowledge....

See entire

Does the 30/10 DMA cross-over rule applies to this system as well?
  
 
Subject:Position Sizing for this system
Posted by:Pal Anand (Admin) ( C2 Score: 988)  New msg
 
Ignore user's posts for week month forever
When:1/28/12 (14:02) 
Systems:
Direxion (FAS/FAZ), Direxion BGU/BGZ, Direxion DRN/DRV, Direxion DZK/DPK, Direxion EDC/EDZ, Direxion ERX/ERY, Direxion LBJ/LHB, Direxion MWJ/MWN, Direxion NUGT/DUST, Direxion SOXL/SOXS, Direxion TMF/TMV, Direxion TNA/TZA, Extreme Stocks, ProShares AGQ/ZSL, Proshares TQQQ/SQQQ, ProShares UCO/SCO, ProShares UGL/GLL, Proshares UPRO/SPXU, ProShares UUP/UDN, ProShares UVXY, ProShares UYM/SMN, ProShares XPP/FXP, System 78433109, System 1200737, System 13513226, System 14747274, System 14900604, System 17333270, System 18570303, System 21001636, System 22811602, System 25126348, System 25286922, System 25480083, System 26583686, System 26874100, System 28959109, System 30070387, System 30091398, System 30092309, System 32171590, System 33686814, System 36312421, System 39940733, System 49372097, System 51623361, System 56204818, System 59614452, System 62659351, System 63709256, System 64327252, System 64862505, System 65149161, System 65149202, System 66082786, System 69788609, System 69789319, System 74827691, System 76000954, System 76001024, System18339738
 

In response to post by Sridhar Avula of 1/28/12 (13:35)

Does the 30/10 DMA cross-over rule applies to this system as well?

Yes, in fact I would apply it to any and all systems at C2 and YF, though at YF we still do not have the ability to plot it on the equity curve and so have to do that manually which is not only cumbersome but time consuming. But once you have set it up, say in an excel spreadsheet, going forward only requires you to add the closing equity value every day and so should be easy to maintain.
  
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