Frustrated

Discussion in 'Professional Trading' started by Hamb-ltrd, Dec 2, 2003.

  1. less trades, ES instead of SPY.
    500 SPY RT $10, 1 ES RT: $5.
     
    #11     Dec 3, 2003
  2. it is better to trade few contracts with leverage then to trade many shares with no leverage.

    Also:

    1 SPY = .01 per tick
    1 ES = 12.50 per tick
     
    #12     Dec 3, 2003

  3. Yeah, that`s exactly the kind of mojo he wanted to express.
     
    #13     Dec 3, 2003
  4. Dogen3

    Dogen3

    Your win/loss ratio is fine. More important is your %gain/%loss ratio.

    I don't no that God could make much money trading in and out of 100 SPY. Comm. will kill you even if they are dirt cheap. You got to trade a reasonable number of shares to expect to be successful.
     
    #14     Dec 3, 2003
  5. The idea was to trade 100 SPY instead of paper trading.
    I will move on to bigger size.
    However comm will be proportionally the same 75% if I keep doing the same trading.
    I don't think I can find better com 0.005/share

    Regards

    Hamb
     
    #15     Dec 3, 2003
  6. dbphoenix

    dbphoenix

    There's nothing wrong with trading small lots rather than paper-trading, particularly if you're net positive. However, increasing your size is not the only option. At least look at the possibility of reducing the number of trades.
     
    #16     Dec 3, 2003
  7. mind if I take a quick peek at your trade log in excel?


    -momo
     
    #17     Dec 3, 2003
  8. Here is the statistical study I have.
    I was ready to paper trade but I went wit small size instead
    Have in mind that I trade 100 SPY and I will increase
    100 shares for every $500 profit.
    I have the funds in my account to go as high as 2000 SPY
    Looks like it will take for ever though

    Definetly my losing trades are too match

    I am open to suggestions

    Total Profit 563.80
    Net profit 191.83
    Comm 256.00
    Tax 115.97
    Number of Trades 224.00
    Number of Winners 148.00
    Number of Losers 76.00
    Winning % 0.660714286
    Total Wins 1023.45
    Total Losses 831.62
    Avg Winning Trade 6.915202703
    Avg Lossing Trade 10.94236842
    Number of Days 30.00
    Number of win Days 21.00
    Number of loss Day 9.00
    Winning %for Days 0.7
    Avg Winning Day 48.73571429
    Avg Lossing Day 92.40222222
    Win/Loss Ratio for Days 0.527430111
    Largest Drawdown
    Win/Loss Ratio 0.631965808
    Avg Day 6.394333333
    Avg Trade 0.856383929
    Avg#Trades per Day 7.466666667

    Profit Factor 1.230670258
    Math Expectation 0.078263123

    All calculations are done with net profit

    Hamb
     
    #18     Dec 4, 2003
  9. rtrading

    rtrading

    In my experience, from 6 years of trading, I would say that one way to increase your profitability is to change your bet size. I don't know if you system only indicates either a buy or sell, or actually evaluates the quality of the trade. You have more winners than losers and if you can find a way to determine whether the trade is a 100 share or 1000 share trade, it could dramatically increase your net profitability. Any system that wins over 50% of the time can produce huge net results, but your winners need to be a larger average size than your losers. Hope this helps.

    r
     
    #19     Dec 7, 2003
  10. It appears that your average loser is what's killing you.

    Are you comfortable with the trading system that you're using? Are you trading on a fully automated basis or is there discretion?Do you want to day trade or swing trade?

    How do you determine the trades you take? I know this sounds like a cliche, but once I focused my trading on the dominant trend, my results improved dramatically. My trading methodology has resulted from hours and hours of observation and experience and is now finally starting to come together after a long, long time.

    Most traders I talk to who are struggling either have a flawed or weak methodology / beliefs about the market or do not trade with discipline. Where do you think you are with all of this?
     
    #20     Dec 7, 2003