Andy's Spread Trading Journal

Hi Andy,
I sent you an email on 24 March to request info about "One Week Live Spread Training".
I've just read that you married (my best wishes for you and your wife), if you received my email please can you answer me now.

Let me know so i re-send the email.

---
Giuseppe Garigliano

 

Hi Giuseppe,

I received your email (together with 280 others). ;-)

Will answer it asap.

Andy

 

uuuuups ok I'm queuing ;-)

Very good work Andy!

 

Don't worry guys the spread trading journal is not closed yet. I hope I will come up with some new trades soon.

Regards,

Andy

 

Trades 04/11

YEAAA you won't belife it. A new trade. I did enter the following trade:

6 x LCV5 - LCM5 on 04/06 at 0.27 with a risk of $400/spread. Basis is seasonal and the target is 4.0.

Let's see what we get on this one!

Happy trading,

Andy

 

Congratulations Andy

You do not seem to follow the practice of other teachers showing us the process of your thoughts, and anticipations as trades materialize, BEFORE the trade is made. Is there a reason for this?

Are you actually making these trades with real money, and just calling them hypothetical because of the adjustments you are making with commissions and the elimination of slippage?

Or are these “paper trade delayed,” for some mechanical reason?

Do you have some technique that assures these are simultaneous trades?

We often hear the saying, “let your profits run.” Are you only placing targets when the seasonal window’s time runs out?

How often are you still in the trade when the seasonal ends on a new high?

Are you giving us ALL of your trades?

It appears that you decide to paper trade after the fact, very unusual. Is this how you learned?

In that case you should be showing better results that you have posted so far. You can leave out the ones that do not work.

Why can’t you post a few images here for everyone?

Its clear that you prefer natural support to a trailing stop. Do you always exit when natural support is compromised?

How long do you usually hold winning trades?

Were those all of the spreads that you paper traded that week?

Do your trades start out as short term, then only if they become long term you journalize them here?

Anyway the thread is interesting, thank you. It is a reflection on your teachers the amount of attention you spend on teaching, “planning and preparation,” as well as the “this seems to be working, I think I will include it in last weeks trades,” delayed paper trading format. -oo0(GoldTrader)0oo-

 

oh boy, so many questions....

"You do not seem to follow the practice of other teachers showing us the process of your thoughts, and anticipations as trades materialize, BEFORE the trade is made. Is there a reason for this?"

Yes, I am the editor of a spread newsletter and it would not be fair for my subscriber to post the trades before they are made.

"Are you actually making these trades with real money, and just calling them hypothetical because of the adjustments you are making with commissions and the elimination of slippage?"

Yes. I adjust because of the following reasons: Spread trading is very "inprecise". If you have 5 trader entering at the same moment you would get probably 5 different fills. The close makes it more transparent I guess.

"We often hear the saying, “let your profits run.” Are you only placing targets when the seasonal window’s time runs out?"

I am normaly using a trailing stop. If I use a target, then I use a limit order.

"How often are you still in the trade when the seasonal ends on a new high?"

Don't know. Normaly I don't look at it.

"Are you giving us ALL of your trades?"

Yes.

"In that case you should be showing better results that you have posted so far. You can leave out the ones that do not work."

Of course!

"Why can’t you post a few images here for everyone?"

They have a copy right and you have to ask Moores before using them!

"Its clear that you prefer natural support to a trailing stop. Do you always exit when natural support is compromised?"

I always exit when my stop gets hit...yes.

"How long do you usually hold winning trades?"

Until they are not making more money.

"Do your trades start out as short term, then only if they become long term you journalize them here?"

I post all trades.

Happy trading,

Andy

 

Trade

My time stop got hit and I got out of my LC spread:

6 x LCV5 - LCM5 on 04/06 at 0.27 with a risk of $400/spread. Basis is seasonal and the target is 4.0.

Exit on 04/18 at 0.15.

Hyp. Loss $432 - Commission = -$612

Hyp. Account at $37,809

 

Trade

I did enter the following trade a few days ago:

8 x KWN5 - WN5 at a spread value of 0,25 (close was at -0,75 that day). The entry was based on seasonality and a break out above 0. Risk is $300.

Spread is moving up but is very slow. Will not give it to much time.

 

Trade

I did get out of my KW - W spread on my time stop. The spread didn't move up enough to stay in any longer regarding my trading plan.

Sold 8 x KWN5 - WN5 at a spread value of 2.25.

Hyp. profit is $800 - commission -$400 = +$400.

Hyp. account is now at $38.089 (please note I did calculate a wrong commission on my last LC trade. Now the numbers should be ok).