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What Is the Calmar Ratio? Why Is Maximum Drawdown Also an Important Criterion for Evaluating Trading Strategies?

In cryptocurrency trading, some strategies deliver high annual returns but have also suffered steep declines in account value; others generate relatively lower returns but have smaller maximum drawdowns. Comparing only final returns can easily overlook the risks capital was exposed to along the way. The Calmar Ratio is a metric that helps us consider returns and maximum drawdown together.

First, what is the Calmar Ratio?

The Calmar Ratio is typically calculated by dividing the an
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Is Gold Getting Nervous Too? U.S. Inflation Beats Expectations Again, and the Dollar Could Be the Biggest Winner!

Gold has always liked playing the safe-haven hero, but this time, even the hero may face a rival.
On November 10 at 21:30, the U.S. October CPI is due for release. If inflation comes in above market expectations, investors may once again bet on a Fed rate hike in December.
Rising rate-hike expectations could push the dollar and Treasury yields higher, while gold, a non-yielding asset, could come under pressure from rising opportunity costs.
In other words, gold could face pressure
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Bitcoin in danger? If US CPI goes from an unexpectedly cool reading to a scorching-hot one, BTC could face a liquidity test!

BTC investors may not sleep soundly tonight.
US October CPI is set to be released on November 10 at 21:30, and the market is watching inflation data closely. If year-over-year inflation comes in above the 3.7% forecast, bets on a Fed rate hike in December could intensify further.
What would this mean for Bitcoin?
Simply put, the higher rate expectations climb, the more attractive dollar-denominated assets may become, potentially dampening the market’s appetite for high-
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Two consecutive wins on intraday gold shorts!
Short at 4106, exit at 4100, 6 points, 915🔪$XAUT
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morning market update btc
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#美国10月CPI即将公布 Good grief, BTC hasn’t even crashed yet, and longs have already been liquidated for $900 million!

The market action over the past two days has been brutal. BTC just dropped to around $73k, then barely managed to bounce back to $75k, but the futures market is already a bloodbath.

Data shows that liquidations across the entire market exceeded $1 billion in the past 24 hours, with long positions alone accounting for $913 million!

ETH got hit even harder, with $448 million liquidated—more than BTC’s $272 million. This afternoon, ETH was still struggling around $2,130, down nearly
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$ETH Get ready to place limit orders to go long at $2,070.5 and $2,045.5, crypto friends. These two price levels are where many whales will be liquidated.
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$SOL
The rebound faced resistance and was rejected precisely, with the short trade's downside playing out gradually
The morning call was to establish short positions in the 88.0-89.5 range. The market climbed to 88.42 before stalling at the resistance zone, then began to pull back amid choppy trading, reaching a low of 86.39. The bearish move unfolded exactly as expected.
#美国10月CPI即将公布
The broader downtrend remains intact; the oversold rebound is merely a pause along the way.
The first downside target is 85.5. If it breaks decisively, the price could continue falling toward the 83.5 area. St
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Top-OutMemo
11.9 SOL Outlook for Today
After dipping to an overnight low of 84.66, SOL staged an oversold rebound. It is currently in a weak recovery phase, and the broader bearish trend remains intact. The rebound is expected to face resistance, with further downside still likely. Focus on shorting rallies, with short-term longs at support as a secondary strategy.
#70%山寨币跌破200日均线
Support: 86.0-86.5, 84.5-85.0
Resistance: 88.5-89.0, 89.5-90.0
Short: Enter in batches on a rebound into the 88.5-89.0 range, with a stop-loss at 90.2. First target: 86.5; if the level breaks, look to 85.0
Short-term long: If the price stabilizes after retesting the 86.0-86.5 range, consider a small long position. Enter and exit quickly. Stop-loss: 84.6; target: 87.8-88.2
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I bought the dip on ETH and BTC. Not sure if I’ll make it out this time.
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I’m getting ready to buy the AI dip. Just my personal take, but the negative news around AI this time feels ridiculously contrived—it’s all being manufactured by the Democrats.
It’s not because of objective factors like corporate profits collapsing or demand disappearing. After their big midterm election victory, local ballot measures almost unanimously opposed data centers, new governors pledged to halt construction, and the media piled on by amplifying the risks.
On top of that, reports that JensenHuang was involved in an extramarital affair and may have been linked to espionage, prompting N
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AI fully automated gold trading bot, 1,000-to-100k U challenge. Your principal stays in your own Sesame account; the bot only helps you trade. Every order is visible on your own exchange, with a maximum stop loss of 2.5%. The market hasn’t been great today; just placed one order
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#红牛双车登上巴西领奖台 Congratulations, Pan Zi! Congratulations, Pan Zi! Congratulations, Pan Zi!$GT
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GT-2.41%
$BTC
A precise call near the highs played out, capturing the full 1,000-point drop
Early in the session, the plan clearly called for shorts in the 75200-75400 range. Price surged to 75575 before meeting resistance and pulling back as expected, with a low of 74288. The first target was within reach, and the entire downside move of over 1,000 points was captured.
#BTC闪崩插针
The broader bearish structure remains unchanged, and the downtrend channel continues to open up. Every rebound is an opportunity to enter short at a higher level.
Stay the course with trend-following shorts as the core strate
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Top-OutMemo
11.9 $BTC Today’s outlook
After an overnight plunge and a wick down to 73333, an oversold rebound followed. The market is currently in a weak recovery phase. The larger-scale bearish trend remains intact, and further downside is expected after the rebound meets resistance. Focus on shorting rallies, with support-based short-term longs as a secondary strategy.
#BTCETF资金持续流出
Support: 74000-74200, 73300-73500
Resistance: 75200-75400, 75800-76000
Short: Enter in batches on a rebound into the 75200-75400 range, with a stop-loss at 76100 and a first target of 74200; if support breaks, look for 73500
Short-term long: If the price retests the 74000-74200 range and stabilizes, consider a small long position for a quick trade, with a stop-loss at 73300 and a target of 75000-75200
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$BTC still up 30% from its june low
most alts making new all-time lows again
the pain just keeps getting worse
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🎁 New week: climb the ranks for merch worth 150 USDT
The Gate Square Comment Challenge continues. Start the week with a thoughtful comment 👇

🏆 Climb the weekly leaderboard for Gate merch
1st place wins Gate merch worth 150 USDT. Make your mark in the comments this week.

🎉 Start with a first-comment reward
Register, then leave your first valid comment on another user’s post to receive a 10 USDT Futures Position Voucher.

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Some things shouldn’t be asked about online too casually, because you never know who might come across your question 🤣
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Bro, this guy’s got a pretty well-rounded skill set.
I didn’t agree with letting talent like this enter the market in the first place.🙈
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Some of the most interesting developments in crypto don't begin with massive headlines.
They start with an idea, a few developers, a community, and a problem worth solving.
Don't just watch what's trending. Pay attention to what's being built.
#Crypto #Blockchain #Web3 #Innovation
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The U.S. October CPI report will be released on November 10 at 8:30 a.m. ET. September CPI came in at 3.7% year over year, and markets will be watching closely for signs that inflation is cooling, especially in core CPI. A softer-than-expected reading could strengthen rate-cut expectations, while hotter inflation may pressure risk assets through higher Treasury yields and a stronger dollar. How do you think this CPI print will move $BTC, U.S. stocks and gold?

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