Weekly Update for week 12/50 ended 04/03/2010 Positive week, up 7.8K (3.2%). Nice week with no major surprise, and no forced liquidation. Made two options trades, one lost 1.8K the other gained 2.9K. My automated strategies performed really well, with maximum loss of just $802 and maximum gain of $2,200. Will ramp up average dollar size on my automated stock strategies next week to 62.5K (25% of balance of c. $250K) from the existing 48K (20% of then balance of $240K). This is in line with my acceleration formula. Forced liquidation limit for my discretionary trades remains 6K for stocks, and 9K for options. Code: Opening Balance: 246,665 Net gain for the week 7,847 ------------------------------------------------ Net Balance: 254,512 Number of Trades 17 Number of Profitable Trades 10 Since Inception of Thread 01/10/2010 - 04/03/2010 Opening Balance: 410,000 Net loss(Less Margin Interest) 155,488 (Down 38%) ------------------------------------------------ Net Balance 254,512 Number of Trades 446 Number of Profitable Trades 212
Awesome week, Neke! I noticed you do a lot of trades despite having a full time job. Is this your automated system doing most of that, and are you able to monitor it, or are you simply trusting it to handle everything properly?
Au contraire I am doing less discretionary trades now that my automation is coming along. This week I did only 7 discretionary trades (or average less than 2 a day). I can handle that with my normal job. The automated trades are discovered, initiated, and closed by the computer (except when I can't resist the urge to intervene manually!!!). Kudos to you for catching me with your April fool's joke (Trader P/L), in spite of being on the watch after being fooled earlier today.
Nice job this week neke. Question, how did you setup your automated system? How much did it cost to program, and does it run on your computer, or does it run on a server somewhere that has a direct connection to the exchanges? There is a company called Rithmic that runs automated systems for people on their own servers that have direct connections. kon
I wrote the programs myself (and of course all the research leading to the strategies). Runs on my computer at home while I toil away in the office for my regular job. No direct connections to the exchange. I 'm not a high-frequency-trader
Wait! I thought you blew up your account? Nice trading neke chipping away at the numbers. Glad to see you are getting better at tuning out the noise.
Man, you're quite the dictator. #4 is ludicrous. You're not going to learn anything if you don't blow out a few times. Never return to trading? lol. Let's be realistic here. With all the time you're taking off from trading, you're never going to learn anything.
Yes, by that rule I should have quit within two weeks of opening an account in Dec 1999, and even measuring since my first thread in 2007, I should have quit at least 4 times.
= "gambling" --------------------------------------------------------------------------------- . Balls. If you don't bet big, you will have a hard time making big returns. You have to be able to deal with big drawdowns if you want to make high returns.
Hit my mark in 6 days. The probabilities were with me. Anything over 630 is a screaming sell according to my 'system'. Also, if 613 holds as support tomorrow, increase the size. It's all based on the open tomorrow. Exit can be determined thereafter through intraday trending and watching for the break. :eek: Ok I'm done