Hi guys, here is the weekly rap-up. This week the results were as follow: S&P500: +1.74% The Green Alpha: +0.79% As of today, the cumulative returns are: S&P500: +2.19% The Green Alpha: +9.15% Have a great week !
In other words I don't see how your returns can be accurate. For example you say we are short for tomorrow yet post no entries so if the market gaps down 1% and closes down 1% you'll say you made 1% yet it would have been impossible to get an entry before the gap down since it appears you only consider rth not ah
I agree, any of this kind of journal will raise my suspicion. You need to tell the actual time stamp of the entry & exit. Maybe this is only another marketing ploy before he starts his paid subscription ??
Thank you both for your comments, the reason why we only post on the closing is for simplicity, we have other jobs (unfortunately) than following the markets on a tick by tick basis. Our purpose with this journal is to be able to create a track record other than account statements. Regarding your concerns about the closing price and possible gaps, we're always with an open position, so any trade at the close is a revearsion or a continuation of that position. We also post on twitter (@thegreenalpha) with a more accurate timestamp, usually within 5 minutes from the close, so you can trade virtually at the same price of the close if your broker gives you access to after-hours trading. We are committed to post as close as we can to the closing price so that it's easier to track our results than to trust our word on a trade at any random time during the session. Our tweets are after the actual trades as we are not concerned at the moment on giving trading tips to anyone, so when the market gaps up or down we also gap up or down Cheers, TGA
Todayâs result: +0,22% For tomorrow weâre short on the S&P500 This is a trading journal and not a recommendation.
Today's result: +0.93% For tomorrow we're double leveraged long on the S&P500. This is a trading journal and not a recommendation.