Surf's Special Situation Journal

Discussion in 'Journals' started by marketsurfer, Aug 4, 2012.

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  1. I'm not really on ignore either.....LOL .....
     
    #2971     Mar 15, 2013
  2. themickey

    themickey

    Surf. What do you call me?
    I have a semi automated trading system but often over-ride the signals manually and force the signals with manual inputs.

    For example, today I manually exited a winning trade and turned my system off for a while as I believe the Futures indexes are going to have a tumble. Too early yet to go short.

    In other words I'm chart reading.

    I use my algo like a road map, it is programed to trade but one of its primary objectives is to keep me on the straight and narrow, keeps me disciplined, keeps me trading only on how I force myself to trade. When conditions look scary (chop sets in), I stand aside but that part is discretionary. However another primary function is for it to trade while I'm away from my desk - at work or asleep.

    There are too many factors one must consider to trade which cannot be added to the algo. I think it is dangerous to complicate an algo with too many functions.

    Anyhow, would be interesting in your thoughts, am I in your opinion, another loser TA chart reader? LOL
     
    #2972     Mar 15, 2013
  3. That is exactly what I discovered. Too much logic simply results in curve-fitting to PAST data. Not good for future results.
    That being said, the shorter the time-frame, the more logic can be applied. I.E. HFT does require somewhat more complex logic.
    But you are trading in hours for instance, keep it simple.
     
    #2973     Mar 15, 2013
  4. themickey

    themickey

    What I discovered was that too many functions results in clashes.
    Different functions interfere with other functions and you end up with a messy algo.

    For example, I once had an algo which had the function to trade long and short. The trading conditions for longs were different for going short. The short trades formulas interefered with the long trades formulas and it became so complicated I had to finally dump the shortable function. I found Shorting has much higher risk, a high failure rate.

    It's better imo, to concentrate on KISS, do one thing right with high reward and just hit it hard, rinse and repeat.
     
    #2974     Mar 15, 2013
  5. I strongly suggest listening to syswizard when it comes to this type of question. He is a true expert.

    surf
     
    #2975     Mar 15, 2013
  6. Lucrum

    Lucrum

    Like you?
     
    #2976     Mar 15, 2013
  7. Weekend Musical Interlude: Enjoy!



    <iframe width="420" height="315" src="http://www.youtube.com/embed/ZnY1AYSTZok" frameborder="0" allowfullscreen></iframe>


    <iframe width="560" height="315" src="http://www.youtube.com/embed/D3bvLdcfoDA?list=PL68F0BA9D2466CB13" frameborder="0" allowfullscreen></iframe>
     
    #2977     Mar 15, 2013

  8. No idea, sorry. I would suggest consulting with a real trading psychologist like our own Cornix or Brett steenbarger.
     
    #2978     Mar 16, 2013

  9. Oh yeah! feels great to nail this drop-- up plus 100pts-- this is the short term top, i expect additional downside and am holding here for now. good luck! surf
     
    #2979     Mar 17, 2013
  10. Good Luck!
     
    #2980     Mar 17, 2013
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