The strategy seems to be taking a bit of a beating right now.
Frosty's Discretionary Journal
- Thread starter frostengine
- Start date
Due to my rules AGN has hit the 5 day max holding period. Thus it will be closed at or around close tomorrow.
AGN should be closed today. However, due to changing market conditions I want to hold it until tomorrow to see if there is any follow through. Normally a bad idea to violate my trading rules. But how much can one day hurt 
BTW is anyone actually following this journal?
Since yesterday CMED closed above the previous days high I closed CMED out this morning at 38.92 which is a gain of: +8.6%
Closed AGN which I should have closed yestereday but I let it ride one more day sold at 55.90 which is a loss of -2.3%
I closed AXS also because it closed above its previous days high, sold at 36.36 which is a gain of + 2.8%
9.1%
I am still holding ALNY because no exit signal has been given yet.
Results so far:
Total Gain Since Starting Journal: +35.82%
Return on Trading Equity so far (ROI): +8.95%
9 winning trades 2 losing trade
Closed AGN which I should have closed yestereday but I let it ride one more day sold at 55.90 which is a loss of -2.3%
I closed AXS also because it closed above its previous days high, sold at 36.36 which is a gain of + 2.8%
9.1%
I am still holding ALNY because no exit signal has been given yet.
Results so far:
Total Gain Since Starting Journal: +35.82%
Return on Trading Equity so far (ROI): +8.95%
9 winning trades 2 losing trade
how do you find trading a multiday timeframe compared to intraday trades? its always been a key design element in anything that iv worked on that no unhedged positions would be held over night. i wonder if i am missing out on a lot of good strategies because of it.
Actually, you are the only COMMENTING on the journal. Plenty are WATCHING.
Walter,
I'm finding that using a multi day time frame.. even if its short like 1-5 days like i'm doing is a bit easier to profit than intraday. As I'm sure you know most of my automated trading strategies I have worked on in the past were all intraday strategies. This is really one of my first moves into a slightly longer time frame. I am not sure if its just the fact that this way slippage/commission is less of a factor... or if its related to I have a much larger pool of potential trades, so I can find the one matching what i'm looking for instead of being constrained to the specific stocks my intraday strategy is geared towards..Not sure which it is, just seems "easier"
I'm finding that using a multi day time frame.. even if its short like 1-5 days like i'm doing is a bit easier to profit than intraday. As I'm sure you know most of my automated trading strategies I have worked on in the past were all intraday strategies. This is really one of my first moves into a slightly longer time frame. I am not sure if its just the fact that this way slippage/commission is less of a factor... or if its related to I have a much larger pool of potential trades, so I can find the one matching what i'm looking for instead of being constrained to the specific stocks my intraday strategy is geared towards..Not sure which it is, just seems "easier"