Elite Trader's Gambler's Anonymous ETGA

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After trading some more and getting another $55.00 from the market I was able to get completely flat in all three pairs and reallocate capital to equal a new ratio goal of 5.85 : 1 cash to trading

I was able to lower the ideal proportions to:
  • AUD/JPY 10,000 units
  • EUR/HUF 6421 units
  • GBP/CHF 5214 units

Michael B.

P.S. Less exposure is a good thing. Made some money, so now "dial it down". There is always money to be made, there is no hurry. Just give me 25% per year and payment for labor and I am a "HappySavant".

 
Open Orders Tab (Tuesday)

I am utilizing the spreadsheet for the increment to average down or up with. I simply take the best price entered from the trades tab and add or subtract the increment for the next limit order entry (it gets modified if there is some profit taking in the middle of the wait). A base of 1000 units of AUD/JPY is used for trade size.
 

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Folks, There is a happy balance between "Fear & Greed" and Trading. Some may say Electric!, when it's hot increase exposure! I am a "Yield Trader" and my Year End results is what I "dial" to. If I can reach that early in the year and coast to the end and get my results then so be it! Run your trading as a business!

If I want to expose myself some more, then I can (and do) diversify across many different systems, methods, markets and instruments...but do not overheat a single system. (Imagine each system as a business within your conglomerate!...seek efficiency)

Michael B.

P.S. How many traders do NOT know when to quit and how many have blown up? To you new traders, if you feel anxious DO NOT TRADE. Always have your strategy as your controlling factor and pat yourself on the back for getting your numbers! Look at the "Big Picture".

 
Electric made a mistake. He has his limit orders set at 1000 units each. When in fact the rules state that you must enter 1000 units in the spreadsheet at the AUD/JPY column to get the appropriate calculations:
  • AUD/JPY 1000 Units at 0.61 pips below the best entry
  • EUR/HUF 642 units at 0.95 pips above the best entry
  • GBP/CHF 521 units at 0.117 pip below the best entry

I corrected it.

Wifey

Note: Good Job Electric, your at a projected 100% APR....and if you keep it up, you will be able to get your 25% after labor.
 

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I almost feel as if I should apologize. Today there was yet again more trading and I am up around $65.00 on this 5k Journal illustration.

The illustration of this system with this Journal was to capture the slow and steady, and it is seemingly trading daily. It's been my experience when something is hot this long it will surely be "not hot" just as long or longer. But when it's "not hot" it collects interest daily, so no big deal.

I can't dial this down much more or there will be nothing left to trade with as all the dollars will be in Cash at 2.3% APR :)

To be fair, I will double the minutes spent daily with this system and reflect it in today's spreadsheet. (this is supposed to be a 6 minute a day system!)

Michael B.
 
Today's Trades (Wednesday)

"Time used", updated to be 30 minutes a day in the spreadsheet.

Electric is yielding a projected 110% at his current rate, but may I remind you that he is "dialed down" and this extra profit from trading will cease soon. So you will see the projected slowly falling, which seems to be fine with Electric...I think he sets his sights too low.

For those of you that actually read this huge spreadsheet, there are some interesting movements in the one year range section. The changes are marked with a light yellow highlight, that Electric prefers that I keep track of. Electric has made the necessary entries to adjust the holdings to match the spreadsheet, if you wish, I can post the updated positions and updated orders tab, if anybody asks. :)

After updating and posting this spreadsheet, it actually is not so complicated. Do you folks understand any of this? or is it more complicated than I think? Maybe I should ask if anybody is reading this Journal lol :) (someone is downloading these sheets, I notice) I can try and help, if you ask in the Journal.

I cannot find any weaknesses in the system or spreadsheet. I am hoping for a strong test of this system to see how Electric handles it and to see how this system performs.

The portfolio drawdown for this projected yield, is extremely good, and I wonder if anybody realizes what Electric is sharing openly and publicly for all to see. But like Electric say's, not everybody can trade like this and will not realize it even if its presented for all to trade.

Trading can be "not gambling".

Wifey
 

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