Cornix's TA Performance

[justrading]

Quote from toolazy:

he mentioned in one of his posts that historic net RR at 1:1 risk reward is 55 to 60 %.

"Around 55-60% in the long-term normalized to 1:1 risk/reward I think. Raw win rate is probably closer to 50%, but risk/reward is positive. All figures net with commissions included."

http://www.elitetrader.com/vb/showt...&perpage=6&highlight=normalized&pagenumber=15

 

[R. Raskolnikov]

Ok, thanks. I missed that.

Quote from toolazy:

he mentioned in one of his posts that historic net RR at 1:1 risk reward is 55 to 60 %.

 

[Magna]

OK guys, let's keep it friendly. This journal is all of 11 days old so before anyone goes dancing on graves let's give things a respectable amount of time, not just a couple of trades. And if somehow you think this incredibly small sample size proves something definitive about TA then please take it to the TA - Objective or Psychological Skill? thread and not clutter up the journal. Thanks.

 

[cornix]

Quote from marketsurfer:

Yes, that is ideal. However, many think of plans as plan a failed, now onto plan b, next c-- rather than running all of them at the same time in unison.

I think of them as tactical elements of the overall financial strategy.

 

[cornix]

Quote from Lord.Maushi:

You are a long way from 20%+ annual returns with current performance.

11 months and 2 weeks to go.

Let's judge real sample sizes when we have them, not streaks of a dozen trades. My purpose is make it as real so that even Surf admits it's 100% legit.

 

[cornix]

Quote from atticus:

All of your losers were up nicely at one point during the hold. What are you using for exits?

Stats mostly. Yes they went ITM somewhat as scalps, but not enough to justify exit. No biggie, occasional streaks are included in the stats and either change it accordingly or stay as a negligible random element.

Reality of trading (for me at least) is we never know where and how far exactly every trade goes. The only thing we can rely upon is statistical odds of previous samples on enough sample size and use the optimal figures our statistics shows.

 

[cornix]

Quote from Lord.Maushi:

Problem is he was the one who said 20% annual returns were not hard to obtain and here we are....

And I still say that. Of course I understand that on ET if you don't make up to your annual claim immediately during the 1st week you're branded as a loser forever.

 

[cornix]

Quote from Lord.Maushi:

Im sorry to say current price action has been nothing short of clean and swift for the Nasdaq but I will agree sample size remains very small.

Kudos to you for doing it much better over the same period of time in NQ.

I agree that subjectively NQ was moving nicely in June so far, however this journal assumes using limited signals of a very mechanical fashion for a very defined purpose and good or not, every move that doesn't constitute a signal is simply ignored.

 

[cornix]

Quote from Ol' Yella:

Cornix can still beat the 20% figure--- he must be a little below breakeven at this point. Hardly an insurmountable hole to dig out of in the next 11 months. But also a long way from what Al Brooks and his cult of true believers promote as returns to aspire to! A good lesson in market reality indeed.

Al Brooks and the gang are pretty much subjective in their trading. While the idea behind this journal is only trade 100% objective signals with no subjective element involved (I force myself to exclude it from the equation completely and rely solely on the plan).

Still believe people who developed a great intuitive skill in the market can do much better than results provided here.

 

[lwlee]

So many posts for so few trades. Problem solved, have a few losing sessions. People lose interest FAST. But it will give the OP some peace and quiet to concentrate on actual performance.

Btw, where are the charts? I thought there was gonna be actual explanation of why the trade was taken in respect to TA. A lot of yapping on this journal. Seems more like a chit-chat journal.