I've learned, after a few years of nothingness, that it is best to stay on the sidelines the day before, and the day after (especially if it's a Friday) a Market Holiday....but that's just me....
How do you test a portfolio in Tradestation? I have it but thought I could only test one security at a time?
Holy Cow! Talk about making me whole! I just got my response from Ameritrade (for those following my RATE trailing stop non-cancellation saga). Hold onto your hats. They are going to give me a price improvement on my fill, from $34.05 to $34.84!!!!!! Talk about stepping up and doing right by the customer.....kudos to AMERITRADE! OK, OK, it was only 400 shares, but $300 is $300......lol I couldn't have asked for a better Thanksgiving present....lol Thank you Ameritrade. I take back everything bad I've said about you over the past 24 hours....
In many of the attached documents of the Original Journal, as well as in the additional threads linked in this Journal and throughout the background material, Jack explains his self imposed limit of trading the lessor of 10% of the average volume or 100,000 shares. Unless (or until) a trader has the buying power to trade with such size, I fail to see how speculating on what may (or may not) occur at that level aids in an understanding of this methodology. Focusing on internalizing the methods, execution of trades and proper money management seems a wiser course of action (to me) than debating opinion or conjecture. To do otherwise feels sort of like placing the cart before the horse. After all, if one never learns to trade profitably, and as a result, the account experiences negative returns, one never has to worry about trading with significant size. In addition, large funds use a variety of methods in an attempt to disguise their true intentions with respect to buying and selling large quantities of shares. Jack Hershey has described his largest trade in great detail in several of his old posts. Again, I recommend a thorough review. - Spydertrader
Last year, on the Wednesday before The Thanksgiving Holiday, the system failed to generate any trade signals. However, volume for The Final Universe Stocks one year ago showed significantly fewer shares traded. Many of the equities traded at a level of only 10% of their average trade volume. - Spydertrader
Very glad to see they provided you price improvement on that trade. Excellent work - both on the trade itself and pressuring Ameritrade to do the right thing. - Spydertrader
Thanks for sharing your test results. Since your tests used entering on the close of the day, you clearly prove how someone could trade these methods using EOD data while continuing to work their 'day' job. Keep up the excellent work. - Spydertrader
I am currently with MBtrading and liek them a lot. I would stay very very far away from etrade(you mentioned that this was your current platform). They will not be resonpsible for security fraud. http://www.elitetrader.com/vb/showthread.php?s=&threadid=50700&perpage=6&pagenumber=1