Share Daily percentage added to Twitter option Votes Results
|
Do you like this suggestion? |
Daily percentage added to Twitter option Discussion
| Subscribe to this topic |
|
Member Since Jun 06, 2011 7 posts
Archer Managed Forex (archertrading)
Nov 16 2011 at 11:29
(edited Nov 16 2011 at 11:30 )
It would be great that if in addition to pips gained / day in the twitter option that you could add the percentage gain on the day. For example I just closed a profitable arbitrage between the NZDJPY and EURNZD. That said the pip value on the EURNZD is about 70% of that of the NZDJPY. So... it shows a negative pip count (which is true) but the trade was profitable. In addition unless a person is using a fixed lot size across all pairs, the pip count is kind of irrelevant. People using volatility based position sizing or the kelly criterion or the one that scares me... Martingale. All of these people's results as far as their twitter followers are concerned, are skewed. I'm sure myself and a lot of others know and believe that daily gains are far more significant than a pip count.
I'm guessing it wouldn't be terribly difficult to implement as all of the data you need is most likely stored in an SQL database that you pull to present the data on each and every one of our stats pages. It's only money... |
|
Member Since Mar 30, 2011 2 posts
Hugh Kimura (hughkimura)
Mar 08 at 18:27
That's a good idea. I was looking for % per trade, but that would be way too complicated. If you just took the previous day's balance and added up today's p/l that would work.
There are people on twitter who sometimes say stuff like, 'holy crap you lost 100 pips today?!' Then when I tell them it was only 1% of the account they aren't so freaked out. |
|
|
Member Since Jun 06, 2011 7 posts
Archer Managed Forex (archertrading)
Mar 08 at 19:12
(edited Mar 08 at 19:15 )
I've lost 1000 pips in a day and it reflected a gain of 2%. A lot of stat arb trades were 2X the lot size on one side compared to the other and while a profitable set of trades, the twitter feed reflected very negatively. I too got lots of 'ouch' and 'you're having a bad day' messages.... which I wasn't.
It's only money... |
|
|
Member Since Jun 06, 2011 7 posts
Archer Managed Forex (archertrading)
Mar 08 at 19:16
My point is simply this: Pips does not always equal. Profit is a factor of pips X position size. Not all pips are created equal! :)
It's only money... |
|
Please login to comment.
|
|
