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If there are multiple clients and their money is pooled, I would say the new
client starts participating in marked to market PnL as the money becomes
available to you. All that remains to be done is putting the new trades on
with different contract sizes based on whatever MM strategy you are using.
If the money isn't pooled.. well let's say you have 6 systems and 4 of those
are in current trades (2 is flat). 2 shows open profit & 2 shows open loss.
The reason you are not closing out any of those 4 systems is because there
is a positive expectancy in all those 4 systems, from *this* moment onwards
no matter if they have open profit or open loss. I do not claim
comprehensive understanding of this.. just what I would do. So you can just
sit tight and take the new signals for all 6 systems as they come, OR get
into the trades.. but not only the 2 with open loss.. all 4. The fact that 2
have open loss & 2 has open profit makes no difference, IMHO
Abhijit
----- Original Message -----
From: "Chris Evans" <evanscje@xxxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Friday, February 20, 2004 10:46 AM
Subject: new account philisophical question
> so let's say that a new client gives you money .. and you trade 10 markets
with EOD systems (avg holding periods=12 days). Do you immediately put on
trades for the account in all open positions regardless of where they stand
vs. entry price and nearest stop price .. or .. do you only put them in
trades where you have an open position loss and wait for new signals to get
into positions in the other markets. Any opinions?
> CJE
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