-$236 I made it a point to check for broker upgrades this morning, but must have missed one. I'm such an idiot. Anyway, this thing ran against me big time, around 4%. I think the writing was on the wall though when its hedge stopped working. I should've cut it right there and then, but I didn't. I tried to massage the trade in my favor like I usually do, but the "massaging" failed because some institutional seller stepped in on my adjustment and punched me in the face there. Then, for another company with earnings tomorrow, some institutional buyers/sellers screwed up that trade also. The lesson for stock trading today is: 1) Don't trust my lazy ass retarded self to read the news. Write a program to filter out the upgrades/downgrades/earnings, and don't trade this stuff when there's an event on the horizon. 2) It's obvious that news is my enemy. Go back and adjust the historical back-tests and QUANTIFY the impact of earnings. Don't just be like, "oh, the edge is good and diversification will handle it". Idiot. I'm not taking news seriously enough in my results check. It's obvious when something is wrong in my trading, but I have not addressed this scenario correctly. I'm such a mentally challenged man. :-( I drank red bull instead of gatorade today.
I went back through my trade history on that massive loser yesterday. It happens once in a while and it is always due to news. Filtering out the news really helps the trade make money. I must let this victimization pass and move onwards toward glory, so that I may purchase more refreshing beverages and KEEP IT REAL.
+$92.75. Things didn't run as smoothly as I would have liked. I'm noticing certain things during execution that I didn't notice during backtests, so I would like to fix this. Also, it's very obvious to me that earnings and news are bad for me, but it isn't just earnings and news in one stock, but related stocks that might impact certain factors that are not accounted for appropriate in baskets that I've constructed. Since I'm mentally challenged, I have not spent the time working out the factor breakdowns to avoid these problems, and have simply relied on out of sample tests to guide the direction of trading. I have one major improvement I think I can make that should boost profitability significantly and make the daily trading work better. Also, other accomplishments: - Wrote a script to feed in upgrades and downgrades into the system to warn me so I can turn off models that might be affected by them - A script is in progress to figure out what stocks that I am trading have earnings, so I can avoid this Some plans have been made to increase the efficiency of entry. I use a forecaster to predict things, and this forecaster tends to jump the gun. If I maybe tweak the model to wait for confirmation with a little bit more sophisticated code, I think I can eek out more profits and avoid heart-wrenching intraday drawdowns. As always, my poor trading reflects my abuse of PEDs such as bubonic chronic.
That is gonna be you soon baby, hittin the big shots, swingin the big dick, more like 29000000 shares. check yo self!
Just do it! unplug from Simulated and plug it, turn on, and tune in your live account. then, from a psychological not a trading standpoint you will feel the wind in your hair, the rain on your face, the sun on your backside, the grass between the toes. incidently, Starbucks and McDonalds ain't hiring nobody! also, stick notes are for chumps, NLP. look into that. Sun Tze Tzu, look into how others have applied those principles towards trading. Chess and Chess Masters, look into the ability to see 4, 5, 6 steps in advance of your present moves. get past your technical mechanical difficulties with higher quality computers and peripherals. spend, spend, spend on good, solid, well built "stuff". I am really going to enjoy this thread. glad you started it, and really like your first two posts. pm me on this topic also.
I agree completely. I and my alter ego have about 50 years combined in business and janitorial IT management. The key is applying the Art of War and attacking the bowl at the rim, preplanned dissuasion tactics to prevent customers from using the bowl, ergo no clean up work, the upper decker works well here. I am also a published scientist and have papers like "Ultrasonic Velocity in Cheddar Cheese as Affected by Temperature" under my belt, where my experimental setups on simulators are of the utmost importance before going live as you do never want the cheese wasting before going into warp speed. I have also done 1000s of low flow high volume toilet installations, something like a high frequency high turnover low commission business so I believe my insights will be very worthwhile to you; feel free to PM me any time on this topic.