Journal of trader um (aka traderum)

Discussion in 'Journals' started by traderum, Dec 11, 2009.

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  1. Hello, thanks for feedback. As mentioned in the previous postings
    these numbers are from the IB Demo System. In this system the prices are with some offsets, ie. they are valid only in the Demo system.
     
    #91     Dec 18, 2009
  2. And regarding the final result of yesterdays phantastic result:
    We need to add about 239540 to the result :) [just see the latest 2 fills on the posted screenshot here
    http://www.elitetrader.com/vb/attachment.php?s=&postid=2675893 ]
    Oh boy I think the end result is even more than 100% :)
    Let's see:
    345.5k in the preliminary result (see posting dated 12-18-09 01:24 AM (that's my timezone, CET) and the screenshot there)
    +239.5k
    ========
    585.0k

    That's an unbelievable +117% profit! :)
    Thanks go to the IBM MM !... :)

    Ok, now the rumble in the Wall Street jungle can continue! Yippea! :)
     
    #92     Dec 18, 2009

  3. Hmm. I think I made a logic error in these calculations because the result looks too much IMO... Will recheck it...


    The above calc is wrong. It must be:
    OldAcctValue - OldUnrealizedPL + FinalPL

    that is:
    515615.23 - -2199.93 + -407.69
    - -9140 + 20540
    - -572 + 2203
    - -2530.21 + 1826.27
    - 2182 + 7202

    gives
    559238.95

    So the result is only 59238.95. That's about +11.8% of 500k.
     
    #93     Dec 18, 2009
  4. Ok I did my first trade today: GE long, although not that much analyzed... :)
     
    #94     Dec 18, 2009
  5. Have you considered opening a paper trading account? That would let you trade using realtime prices. You'd need to have a minimally funded real account for this. They give you $100k of play money in a seperate account.
     
    #95     Dec 18, 2009
  6. Here's the result of Friday. All positions opened and closed on the same day.
    Profit: $47469 (+9.49%)
     
    #96     Dec 18, 2009
  7. Hi, I'm still testing everything: the platform, the broker, the API, my program, my trading method etc. I think the Demo is ok for this purpose.
    I have learnt that I also need an independent and reliable data source for RT data, this I need also for scanning the market,
    so it must cover all the stocks out there....
    (yes I know there is a mkt scanner in TWS, but it doesn't cover my needs yet)
    So, it's all much work (many APIs etc.) that must be done first before one can go "live"...
     
    #97     Dec 18, 2009
  8. Ok, I opened my first weekend trades today: CBY (my old UK friend :) and PFE
    But I won't tell ya the directions :)
     
    #98     Dec 19, 2009
  9. Here's the result:
    Profit: $42155 (+8.43%)
     
    #99     Dec 19, 2009
  10. And here are the trades: there were only 3 trades:
     
    #100     Dec 19, 2009
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