I calculated a max intraday

    Current SPY Position

    Posted by cw12 on 9th of Jun 2011 at 07:28 pm

    I calculated a max intraday drawdown for the Multi Entry System (40%/20/20/20). This would put some money into perspective, and help as an illustration.

    I substituted SSO for SPY, and used a $50,000 position. This would be close to equivalent to a $100,000 position using SPY for the Multi Entry.

    The Max Intraday Drawdown for the System occured on March 6th, 2009.

    1st Entry: $20,000 position at a price of 17.70

    2nd Entry: $10,000 position at a price of 17.31

    3rd Entry: $10,000 position at a price of 15.75

    4th Entry: $10,000 position at a price of 15.43

    SSO hit a low of 14.16 on Mar 6, 2009.

    Here's what the intraday drawdown would be at 14.16: -$4,000-$1,819.76-$1,009.52-$823.07= -$7,652.35

     

    Lucky you. Double that for me.

    Posted by Robert50 on 10th of Jun 2011 at 11:25 am

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