Grinding it out, day after day

Good market movement, a bump up in the vix, but not much to show for it this week. Started off good on Monday, green across the board in all strategies, then was on the wrong side of the big move Wednesday, but got that back with some good trades Thursday. Not even worth firing up the machine today.

+5k for the week, 686,000 shares traded. Daily pl +8, -3, -12, +12, 0
 
hi and total respect to you for what you are doing.

Do you use vwap as part of any mean revision you do?, for example i like to see stocks move 2 std deviations away from their vwap. Vwap is a good measure of the mean as brokers will use this as you know to find a good price.

Also are you using any top down approach from main market in choosing your direction in your trading? Or are you just ignoring market direction and going long and short stocks as and when they fit your mean revison critria? ignoring what ever the $indu cash market is doing?


many thanks again, been really inspired.
 
I don't know that it really matters what you are using for a mean to measure diversion from. Vwap would probably work as well as any other. I certainly do consider what the market is doing when deciding to enter a trade. I'm more comfortable getting into a lot of positions if the market is making a strong move in addition to a lot of stocks. But when the market is quiet, I base it just on the stock's action. I guess what I'm saying is that I ignore what the market is doing unless it's doing something unusual.
 
I have question
fI'm more comfortable getting into a lot of positions if the market is making a strong move in addition to a lot of stocks.When you said that mean you enter with automate or by manual only. Most of your strategy how many % for automate . usualy after opening order you will enter the other automate and with that automate how many strategy did you enter with automate and when did enter manual and how about the end of the market close did you trade some or alot . Thanks for respond
 
During the day, the automation I run is to manage and exit positions. I will use it on entry, but only after I've decided to activate the stock or set up, meaning I have to give the program the ok to float orders in the stock. So yes I use automation, but it's still subjective, so not a black box system.

I don't trade market on close strategies, ie imbalances, etc.
 
hi,

can i ask if you had to start again with your strategies on a small account would you still be profitable? or is there a minimum fund concept to your approach?

if you had to would you still make money trading say dma cfd's? or is not viable for your approach.


kind regards
 
Quote from lescor:

Good market movement, a bump up in the vix, but not much to show for it this week. Started off good on Monday, green across the board in all strategies, then was on the wrong side of the big move Wednesday, but got that back with some good trades Thursday. Not even worth firing up the machine today.

+5k for the week, 686,000 shares traded. Daily pl +8, -3, -12, +12, 0
More...

Interesting thread lescor. Most impressive is your volume. But am I reading this correctly? You traded 686,000 shares and made less than 1 penny per share?
 
Quote from jayjay121:

hi,

can i ask if you had to start again with your strategies on a small account would you still be profitable? or is there a minimum fund concept to your approach?

if you had to would you still make money trading say dma cfd's? or is not viable for your approach.


kind regards
More...

I would still be profitable trading smaller size, what I do doesn't require a minimum share size or anything like that. I do like to scale out of a lot of my positions, so would need to have at least a few hundred shares to mirror what I do now. However I do use a lot of leverage, so I would need enough account equity to handle the swings that entails.

I've never traded cfd's, but I doubt they would be available on a lot of symbols I trade. Plus you'd never get some of the same fills on a cfd as you would on a stock.
 
Quote from yobo:

Interesting thread lescor. Most impressive is your volume. But am I reading this correctly? You traded 686,000 shares and made less than 1 penny per share?
More...

For this week, yes. A few busy days but net result wasn't that much, definitely below average. As I've said before, netting a penny a share is a margin I'd be happy to average over the long term if I can do it at decent volume.
 
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