“If you really don’t know where you are going, you’re not getting there”, says Dr. Corvin Codirla, Fund Manager and Mentor, FXMasterCourse, as he takes forward the Tip TV Trading Education Series by discussing the importance of Risk/Reward in Trading, joined by Zak Mir, Technical Analyst, ZaksTradersCafe.
Key Points:
Summary of Performance Measures:
· Mean Return
· Standard Deviation of P&L
· Downside Risk
· Skew
· Kurtosis
· Maximum Draw Down
· Maximum Draw Down Time
· SHARPE
· SORTINO
· CALMAR
Strategy of three hedge funds – Berkshire Hathaway, S&P 500, Turtle System
‘0.5% risk per trade vs 2.0% risk per trade’
Quotes
“You don’t have to re-invent the wheel, the markets will pay you”
https://www.youtube.com/watch?v=ocrk5xYVdZ8
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