Hi
@CavaliereVerde,
@ASGTrade : do you think this action is good move?
Should we give up a Darwinian which experienced over 20% DD or still patient to demonstrate our skill to get it recovered?
"This darwin will be closed, a new one will be opened with the same strategy, but without the rotation of pairs, that means, only 1 operation per week will be used. Sorry for the inconvenience. We are aware that the type of investors of Darwinex, will not invest in a darwin with 20% draw dow"
It's a matter of choice. But it's the reality on ground. If your darwin doesn't have any investors, there is no need trying to recover any drawdown greater than 10%. Like he said, the average investor won't look at it and that's true. They prefer single digit drawdown.
So use the single digit drawdown and attract them first, if you have a double digit drawdown later like HFD, CIS and LVS, you will still have $500k+ under management. It's funny but that's the reality.
Maybe if Darwinex removes that useless "drawdown since inception" metric from the page, the situation will change. I call it useless because in all cases, no two drawdowns are the same. Showing how much drawdown has happened in one month to two years is enough.
For me, I didn't quit when I had -20% dd on the Darwin because I had investors I felt obligated to dig out of the drawdown.. But most importantly, I didn't want to lose the EX I had accumulated. Now the EX is no longer important but I also don't want to waste 1 year building history to compete in Darwinia.
If they end Darwinia today, I am definitely starting a new account (assuming the same situation with investors persists) because the "bragging rights" that come with having 3-5 years trackrecord don't mean much for the average investor crowd. Maybe it will in 4 or 5 years time but for now, it doesn't. You need eye candy history to attract investors quickly.. Or regular huge yearly profit like SRI is doing.
Even with SRI, you can be sure he would have more than $3m if he had same results on a single digit DD since inception. People don't care that his DD came at the very start and that he has obviously changed a lot since then. They just see that stamp and look away. Or he doesn't even appear in their filters. Someone that has the best non-migrated result on the platform in the last two years. 9% DD on over 75% return!
If the PDC guy managed to do his gambling long enough to get above 60 D-score and maintain a single digit DD for a year, he will get more investors than many actual traders. That's the truth.
