Thread: Risk Management
View Single Post
  #8  
Old 20th October 2003, 01:39 PM
stebbo stebbo is offline
Member
 
Join Date: Jan 1970
Location: Yarra Valley
Posts: 241
Default

Hi Becareful,

sounds like a good plan, and is similar to what I plan to do with my staking. I have one particular longshot system which backtested shows a maximum drawdown of 65 units. I add another 50% to that, so call it 100units. I'm betting 1% of my highest bank non reducing. My plan is if (ok, ok, when) it gets to a 65unit drawdown, I shall halve my bet until it gets back above the -65 units, which effectively gives me another 65 units drawdown.. If it gets to that level, then the system is a croc and deserves to be chucked!

Cheers,
Chris.
Reply With Quote