2012: The Battle for Survival
- Thread starter neke
- Start date
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Analyzing your performance, basicly 3 weeks made the whole gain of the last 30 weeks, the 12K, 9K and 8.6K gains. The rest is breakeven.
So you need to ask yourself, what went so well in those 3 weeks and maybe you should just sit out weeks when the expectations for your strategy are low...
I don't think having top 10% of weeks or even of trades accounting for all your gains is anything bad. Lots of profitable traders do have that.
We need to understand that my man/machine partnership is a work-in-progress. It was even more so the first part of that period (say first 15 weeks), while I was working on making the partnership click, and there were lots of deviations since the framework was not quite ready. I am now much further along into this - and I believe it is showing on the chart.
I didn't say it was bad, but you have plenty of data, so why not analyze it to gain more valuable info?
Do you know why those 3 weeks were so profitable? If so, can you go further and exploit it more?
How about the losing weeks, specially the bigger ones? What caused the losses? Did you play by your rules or did you override them?
I remember Don Miller's analysis of his trading. Basicly as a weekday, Mondays were specially bad for him, causing most of his losses(something like 70% of Mondays were losers or so). So had he just stayed out and not traded on Mondays, he could have given himself an extra day for refreshing, saved on commission and of course, avoided losses... Thus the obvious result of that analysis should have been just not to trade on Mondays.
That's why I am asking these questions and you should look into them....
Period Update for week 30 ended 8/3/2013
Flat week, up $275. Couldn't keep any gains. Took out 2.5K for the month of July.
Flat week, up $275. Couldn't keep any gains. Took out 2.5K for the month of July.
Code:
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Opening Balance: 101,425
Net gain for period 275
Cash Withdrawal (2,500)
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Net Balance: 99,200
For the Thread Year-to-Date 1/6/2013 - 8/3/2013
Opening Balance: 83,156
Net gain 32,944 (Up 39%)
Cash Withdrawal (16,900)
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Net Balance 99,200
----------------------have you figured out who to use to reduce your expenses (thereby increasing your P&L)? if you are still using QT... I thought it can trade through IB, so why not transfer $30K to there and find out if your strats will work fine..
http://www.quotetracker.com/help/ib.shtml
http://www.quotetracker.com/help/ib.shtml
Period Update for week 31 ended 8/11/2013
Nice week, up $4,646. Glad for another week of steady action on the account. Somehow haven't managed to step up my percentage size as I still feel the 100K line is still threatened.
Nice week, up $4,646. Glad for another week of steady action on the account. Somehow haven't managed to step up my percentage size as I still feel the 100K line is still threatened.
Code:
Opening Balance: 99,200
Net gain for period 4,646
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Net Balance: 103,846
For the Thread Year-to-Date 1/6/2013 - 8/11/2013
Opening Balance: 83,156
Net gain 37,570 (Up 45%)
Cash Withdrawal (16,900)
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Net Balance 103,846Neke , why don't you post what you trade , I find your balance postings plain boring.
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