Verisimi

Discussion in 'Journals' started by Pekelo, Jan 2, 2007.

  1. Pekelo

    Pekelo

    Adding a second unit at 1400 (long)
     
    #41     Mar 16, 2007
  2. promagma

    promagma

    Good trading .... although for your fund shouldn't you assume long and just post when you decide to reverse short for a while? Otherwise this is just futures daytrading ....
     
    #42     Mar 16, 2007
  3. Pekelo

    Pekelo

    I have to say I don't agree with the good trading, although I still have the 2% edge over the SPX. I went down twice with the market and those were the opportunities to gain the edge. In real life a stop loss would have been used, I guess...

    Yes you are right, there should be less trades, like 4-8 a months or so, but I get bored and also volatility increased. I should be making 1-2% over the market monthly...
     
    #43     Mar 16, 2007
  4. Pekelo

    Pekelo

    Selling 1 unit at 1406, still long with the other...

    Just added another .5% edge over the market...
     
    #44     Mar 19, 2007
  5. Pekelo

    Pekelo

    Getting out pretty much at breakeven 1411.75
     
    #45     Mar 19, 2007
  6. Pekelo

    Pekelo

    Short from 1414.50
     
    #46     Mar 19, 2007
  7. Pekelo

    Pekelo

    Reversing to go long at 1411.75
     
    #47     Mar 19, 2007
  8. How are you est. your "edge" over the market?
     
    #48     Mar 19, 2007
  9. Pekelo

    Pekelo

    Well, the difference between the market's and my performance. If the market is YTD down -1% and I am up 1.5% then my edge is 2.5%. Since 14 or so point is 1 %, and I made 6 points with that averaging down, I added a little less than .5% to my edge...

    Also please consider there is a built in 4% edge because of the money in the bank...So even if I just perform exactly the same by year's end, I still outperformed the market by 4%....

    That is the whole point of this thread. Outperforming the market in the simplest way...

    Selling at 1413.50
     
    #49     Mar 19, 2007
  10. Pekelo

    Pekelo

    A quick summary: I am up 20.5 points (about 1.5%) YTD and missed the Bernanke rally, by going flat before the Fed's announcement last week. Thus I gave back about 1 % of my edge over the market. Market is up about .5% YTD.

    Going long at 1433
     
    #50     Mar 28, 2007