Discussion in 'Strategy Development' started by xtraderx, Dec 17, 2005.
thanks for the post; my answers are below...
I like this thread. How about posting your spreadsheet as an attachment though so its more clear. Excellent results keep it up.
Excellent returns. Would you say your average holding period is 30 days?
mind blowing? i would consider 200%+ mind blowing, but maybe I have higher expectations...i try to avg about+0.50% per trade day which i theory would be around 120%. don't get me wrong though...your results are still very nice!!
keep up the good work
right now its 48 calendar days, its been skewed higher because the winners have been running up so nice i have been holding longer, but "typically" it is closer to 30 days...
You are right on BOTH accounts! Many traders would not consider that mindblowing and you DO have high expectations, LOL !
But in all seriousness, I am looking at this from a retail perspective (remember my goal is to go retail with this) and a retail customer would find these numbers very attractive.
But many good traders make well in excess of a 200% return off of their capital and great ones even 1,000%+; how ever at that point, imo, i don't really think of that as a true "return" because they are not investing for any length of time and seeing "returns" off those funds. Instead they have "risk capital" and are trading as a skill and making money as a skill not an investor. Just an observation.
Glad I added to ARD on Tuesday, it had a nice day yesterday and back up again this morning... right now I am holding tight, keeping an eye on the shop and waiting to see if santa brings any rally of sorts... if so i will take profits into any strength at year end/january...
Looks like Santa stiffed us up this year but it was a nice ride up to here so no complaintsâ¦ while Santa was busy hitting the egg nog and standing us up I was busy taking profits and tightening stops...
The past week I have taken a lot of profits and lightened up a lot.
ARD-Sold lots on 12/27 at 27.95 for a 19% gain, and on 12/30 sold another lot for 27.71 a 18% gain. I still am maintaining half my position.
NTRI-on 12/28 I closed the rest of my position at 36.23, for 14% gain so I averaged 19% on the total position.
HOLX-closed my position at 37.88 (split adjusted)for a 38% gain.
GMXR-closed my position today, Â½ lot at 40.20 and then as selling persisted I closed the other Â½ at 38.88. Averaged a 75% gain!!!!!!!! I almost fell in love with this one, what a great stock!!! I am stalking it to possibly get back in at a better price but there may be more selling in store behind todayâs sell off. May use more weakness to take advantage and get back in.
ASF- closed out position, Â½ on 12/27 at 43.34 and the other Â½ on 12/30 at 42.72. Gained 11% on this trade, kinda ho hum compared to some of my others but this is my bread and butter in the 10-20% range gain in 30-45 days.
YHOO- closed entire position on 12/27 at 39.96 for a 17% gain.
TALX- picked up another lot on 12/28 for 46.10, my only buy side in the past week.
I am holding a lot of cash right now awaiting my next screen and seeing what the broader market does. Here are my current positions:
Symbol Last Trade Paid Gain Trade Date
ARD 29-Dec 27.71 22.97 20.64% 10-Oct-05
HANS 29-Dec 79.5 43.82 81.42% 10-Oct-05
RTSX 29-Dec 35.5 34.25 3.65% 19-Dec-05
TALX 29-Dec 46.68 44.595 4.68%
I will post an easier to read spreadsheet as requested...
Happy New Year!!!!
got filled on a bid today on TALX at 45.32 to add to my position but I am keeping a close eye on it... 45 level appears to be a key battleground.
What is is your position sizing for this system?
% risk, or % allocation, or other?
Separate names with a comma.