Running P&L In R

Keeping what I said regarding showing vs being firmly in mind, I've decided to share my running P&L with the trading blogosphere!




I've converted the chart from $$$ to risk units - this allows me to share the journey without the potential pressure of sharing the actual dollar gains/losses. Having said that, the usual caveat applies - if it messes with my ability to trade properly, it'll be gone quicker than cake at a Weight Watchers meeting!!

Reasons for doing this:

1)  During the years of following trading blogs, I only know of two that have consistently posted their P&L without conveniently skipping out periods of time (where anything could have happened!). This one  does so in points, while this one does so with $$$ and accompanying charts. I want to add an element of credibility to my posts so that people can verify how well the principles, spoken about in this blog, translate into real-world results.

2)  It's taken me a long time to begin to understand the nature of probability, variance etc. and how we need to fully understand our expectancy, the journey it can take us on, and adjust our expectations to be able to accept the journey without destroying the long-term edge. This curve will serve as a reminder for me when things look grim and as a reference for any future posts.

NOTE!: Friday 23rd September's result is not accurate as much bigger risks were taken to achieve the ~ -3R result in order to try to get above $0 in order to satisfy an FTP rule. I've normalized the result in order to not skew the curve but the result in actual risk taken would have been closer to zero.