Do you use Trade-Ideas.com for back testing any of your strategies or for developing new strategies
Grinding it out, day after day
- Thread starter lescor
- Start date
lescor i am, as well trader and show quite good perfomance.
The main problem lies on exit.
Lescor, have you analysed your strategies.
U said before u want to exit from your position during the first half hour.
But what happens if u leave from your seat and exit your positions during the last trading hour?
Does your profit lower?
Theoretically it shouldnt, because u exit to the mean value.
The main problem lies on exit.
Lescor, have you analysed your strategies.
U said before u want to exit from your position during the first half hour.
But what happens if u leave from your seat and exit your positions during the last trading hour?
Does your profit lower?
Theoretically it shouldnt, because u exit to the mean value.
Ok, time for an update on the year after the first quarter. Basically the year sucks for me. I'm out of the hole and up a little over $100k, but putting this in context, things aren't great. I'm running below my historical average and the bad days are more numerous than I'd like. This market just isn't well suited to my main strategy. Too many gaps that don't revert and too many steady grinding trends. The volatility spike in mid-March was great, I made $50k in three days. But then the vix set a record for the largest weekly percentage drop ever and things were right back to boring under performance.
Some pluses- my intraday trading is holding up with great consistency. Historically it's my most consistent strategy, but also has the largest losses relative to avg win size, and mentally that's kept me from ever trading very much size on it. It's probably the area I need to focus more on. Better risk control and tweaking the entry parameters to find more trades should pay off.
None of my strategies are red for the year. They each have their hot and cold streaks, but strategy diversification is still the thing that keeps the equity curve relatively smooth. And it gives me a number of areas to look at for improvement.
The group of traders I converse with daily are still doing very well. A diverse range of strategies and trading styles, yet everyone is still having at least a mediocre year. Some are putting up near record numbers. I'm pretty much the laggard of the group. It's a good reinforcement that no matter what the market conditions are, there is always a way to make money and there are always traders who are killing it.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3144543>
Some pluses- my intraday trading is holding up with great consistency. Historically it's my most consistent strategy, but also has the largest losses relative to avg win size, and mentally that's kept me from ever trading very much size on it. It's probably the area I need to focus more on. Better risk control and tweaking the entry parameters to find more trades should pay off.
None of my strategies are red for the year. They each have their hot and cold streaks, but strategy diversification is still the thing that keeps the equity curve relatively smooth. And it gives me a number of areas to look at for improvement.
The group of traders I converse with daily are still doing very well. A diverse range of strategies and trading styles, yet everyone is still having at least a mediocre year. Some are putting up near record numbers. I'm pretty much the laggard of the group. It's a good reinforcement that no matter what the market conditions are, there is always a way to make money and there are always traders who are killing it.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3144543>
I wish my YTD returns could suck like that. 
Lescor, looking at your 2010 equity curve, that first quarter wasn't exactly great either (even if adjusted for your thick finger error), albeit without a drawdown. After that things took off.
I'd be shocked if you ended this year below 700K. All you need is an uptick in vol. Although the summer is near, there is enough stuff brewing to shock this market into action even during the seasonal slowness.
Nice recovery from that drawdown. Without a shred of doubt, you're a machine.
Cheers,
/Wulfrede
I'd be shocked if you ended this year below 700K. All you need is an uptick in vol. Although the summer is near, there is enough stuff brewing to shock this market into action even during the seasonal slowness.
Nice recovery from that drawdown. Without a shred of doubt, you're a machine.
Cheers,
/Wulfrede