Hi there, Nice journal. I haven't really read all the pages, would you care to summarize your strategy and how you implement it, obviously as high level as you desire. Thanks and best!
I trade stocks and stock options (liquid ones). Long/short stocks, long options (short-side didn't work out, so I stopped that). Time-frame mostly intraday or single overnight. I place greater emphasis on fundamental analysis (making prediction based on that), not relying on chart analysis. Try to make all my judgement after-hours/pre-market and devise a plan for my system to execute intra-day: intention to hands off doing anything manual in the course of a trading day.
Good month!.. Account stop loss definitely a great idea trading intra-day based on fundamentals.. Prices can be irrational (as you have found out often) for MUCH longer than a day. It is VERY impressive you do have done well with a fundamental bent on such a short time frame.
SPY already back at a new high. Not sure what it is going to take to have a correction - Or at least go two months without new highs. I may have to put a pause on my short strategies.
You know there are FUNDAMENTALS and there are fundamentals - I certainly don't apply it intraday the way Warren Buffet does. As for prices remaining irrational much longer than a day, there is no question about that. But on average irrationality dissipates with time.
Period Update for August 8/2/2014 - 8/31/2014 (4 weeks) A good month, up 28K (22%). Another great month. Again failed finished well off the highs of the month. The last two weeks coincided with my vacation and fell into familiar routine of switching off my system to give free reigns to my discretion - paid for that with a massive options set back yesterday. Very much encouraged by stock3 (the same broad strategy that cost me 28K on CRAY in Feb). I knew with discipline it could perform. Stock4 came to life once again. It is kind of becoming a staple now. Code: -------------------------------------------------------------------------------- Opening Balance: 128,496 Net gain for period 28,439 ------------------------------------------------ Net Balance: 156,935 For the Thread YTD 2014 (1/4/2013 - 8/31/2014) Opening Balance: 101,037 Net gain 77,398 (Up 77%) Cash Withdrawal (21,500) ------------------------------------------------ Net Balance 156,935 ----------------------