Hi @AmitKup - sorry to disturb, but I saw a little conversation in your comments where someone was asking about where to set their Copy Stop Loss, and I got a little confused and thought I'd ask directly.
They asked whether your max drawdown multiplied by 3 would be a safe CSL to set on their copy of you. That would be around 25%, but let's say 30%.
You replied that this number seemed fair. But then they tried to confirm what you meant and you suggested setting the CSL to "30%". In the Copying User interface, if we set our CSL to "30%" it means we are willing to risk 70% of our funds before the CSL kicks in and stops the copy.
The number shown in our CSL is the amount we want to make sure we KEEP, rather than the amount we want to RISK.
Given that, I was wondering if this was just a miscommunication.
Were you meaning to suggest:
A: We set our CSL at "30%" so we are saying we are willing to risk 70% of our invested funds before the CSL takes effect.
or
B: We set our CSL at "70%" so we are willing to risk 30% of our invested funds before the CSL takes effect?
Thanks for your time :)
Tom ... Show More
Thanks for this post @thomas370 , I thought it was the amount you were prepared to lose that you had to write down, not the amount you wanted to keep :) ... Show More
Hi Thomas, I just saw from your last YouTube video That you are coming to Italy.
I am Italian and I Started following you on YouTube a very long time ago, and I really like your videos.
To me, it would be a really big pleasure meeting you here in Italy one day if you are available.
Hope to hear back... Show More
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