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In a message dated 07/13/2000 5:24:55 AM Eastern Daylight Time,
grt@xxxxxxxxxxxx writes:
<< << Largest Daily Cumulative Drawdown at portfolio Level:>>
What do you mean by this? Are you referring to our futures accounts or the
total in our investment accounts? Are you referring to EOD or intra-day
drawdowns? We used to keep track of intra-day drawdowns but don't anymore.
We were never able to put the information to any practical use. >>
I am referring to a futures account (but you can apply this to the overall
portfolio). I agree with you that intra day drawdowns are not relevant BUT
because I use stops. Therefore if things were really nasty during the day
(night) then got better I would have been stopped (at the worst time, I know)
and that would be reflected in my end of day staement.
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