Today's trades:
A: Initiate $30000 SOPIX(short) position.
B: Close long position.
C: Close long position.
A: Initiate $30000 SOPIX(short) position.
B: Close long position.
C: Close long position.
100K to 133.14159K in 361 Days
- Thread starter BlindLemonBoosh
- Start date
3/26/09: +0.34%
Today's trades:
A: Close short position.
B: Hold cash position.
C: Hold cash position.
I guess "Have a great weekend" would work here...
A: Close short position.
B: Hold cash position.
C: Hold cash position.
I guess "Have a great weekend" would work here...
3/27/09: +0.57%
Hi BLB (long time no talk),
Your results are just too good to just watch it from the sidelines any longer. Since I could not persued you to create a parallel system with ETFs and move it to C2 I just have to do it myself and trade your signals at IB.
Here is how I intend to convert your ProFunds:
OTPIX QQQQ
UOPIX QLD
SOPIX short QQQQ
USPIX QID
ENPIX IYE(150%)
SNPIX DDG
PMPIX PSAU
SPPIX short PSAU
Any comments?
BTW, if you ever decide to open it at C2 let me know and I will be the first one to subscribe.
Your results are just too good to just watch it from the sidelines any longer. Since I could not persued you to create a parallel system with ETFs and move it to C2 I just have to do it myself and trade your signals at IB.
Here is how I intend to convert your ProFunds:
OTPIX QQQQ
UOPIX QLD
SOPIX short QQQQ
USPIX QID
ENPIX IYE(150%)
SNPIX DDG
PMPIX PSAU
SPPIX short PSAU
Any comments?
BTW, if you ever decide to open it at C2 let me know and I will be the first one to subscribe.
I have been following it long/short QQQQ, XLE, and GDX.
Working well so far!
Thanks for your input Kevin.
Looking it over again, you are certainly right that it makes more sense to use XLE and GDX both long and short rather than my suggestions because they are vastly more liquid.
In respect to the Ultra NDX funds it seems to me one can save on commissions by using QLD and QID rather than doubling up on QQQQ.
It would be interesting to know how many people are actually following and trading this thread. Good to hear that it has worked out for you.
Kahai, it's good to hear from you again. If you don't mind, I'd like to get a couple of disclaimers out of the way. I am not licensed to provide financial advice. As such, the trades and commentary in my journal are for entertainment purposes only. At any given time, I may decide that this journal isn't providing me entertainment. Therefore, I reserve the right to pack my bags and leave this journal. This may occur at any time, without prior notice.
Sufficient liquidity is crucial. Tracking error could potentially derail the strategy. I believe that the gold trades would be affected most by this factor.
The use of QLD and QID is most likely a moot point. Considering the use of leverage, UOPIX and USPIX will be very very rare animals in this journal. Perhaps they are already extinct. My primary emphasis has been, and will continue to be, risk management. To this end, I have even contacted the developers of the 'Graph Sketcher' program that I'm using to see if they will be releasing a version that can do logarithmic graphing. As it stands now, my equity curve will appear to get more volatile as it goes up. I'm thinking that I don't like this.
Being that I am just another anonymous ET doofus, I would think that approximately zero people are trading this thread to date. (As you know, I don't encourage people to do otherwise.) BUT, I will say that the journal has a basis in reality in that it is representative of a framework that I presently use. One point I feel the need to make is that the results so far, given the level of risk that has been employed, are exceeding what would be considered 'normal expectations'.
BLB,
Thanks for your clarifications and sorry if I gave the impression to anyone that this is a signal service. Your disclaimer is well taken and was always understood by me. It should also be clear from the title of this thread that the performance so far is above expectations and one should take this into considerations regarding future performance. What is attractive to me is your emphasis on risk management and your attempt to diversify. Yes, most people, whether on this or other forums, won't pay much attention to a system which "only" returns over 15% during the first three month, they flock to systems wich start with supersized returns, never mind that they most likely will crash later on.
Anyway, anybody following this thread, I am sure, will encourage you in this endavour and wishes you good luck.
Thanks for your clarifications and sorry if I gave the impression to anyone that this is a signal service. Your disclaimer is well taken and was always understood by me. It should also be clear from the title of this thread that the performance so far is above expectations and one should take this into considerations regarding future performance. What is attractive to me is your emphasis on risk management and your attempt to diversify. Yes, most people, whether on this or other forums, won't pay much attention to a system which "only" returns over 15% during the first three month, they flock to systems wich start with supersized returns, never mind that they most likely will crash later on.
Anyway, anybody following this thread, I am sure, will encourage you in this endavour and wishes you good luck.