HuggieBear's Thread of Public Shame

The nearly impossible has happened and I've recouped my entire loss plus some in just a few short days. Simple swing trades with a lot less stress.....


Lose $25k in one day on CL and make it all back in a few days on:

USO Calls
DNDN
EWZ
QID & QID Calls


As of now I am pretty much flat as I need to step back and take stock of my luck and determine what my next steps will be.

I am pretty sure I will not go back to trading 20-lots of CL, in any case.

HuggieBear, over and out...
 
Quote from HuggieBear:

The nearly impossible has happened and I've recouped my entire loss plus some in just a few short days. Simple swing trades with a lot less stress.....


Lose $25k in one day on CL and make it all back in a few days on:

USO Calls
DNDN
EWZ
QID & QID Calls


As of now I am pretty much flat as I need to step back and take stock of my luck and determine what my next steps will be.

I am pretty sure I will not go back to trading 20-lots of CL, in any case.

HuggieBear, over and out...
More...
Congrats.
 
Quote from HuggieBear:

:


DNDN



As of now I am pretty much flat as I need to step back and take stock of my luck and determine what my next steps will be.

I am pretty sure I will not go back to trading 20-lots of CL, in any case.

HuggieBear, over and out...
More...

The quality of this stock to trade is equivalent to the type of hags Tiger Woods enjoys...

This thread is worth a laugh:D

Make sure your boat is not the Titanic.....:eek:

NiN
 
I don't actually trade DNDN. It's the only position play I have, and I've had it for about 6 months. In all honesty, holding DNDN as a position has worked out better for me than most trades, so not sure what's so funny about it.

Sure, its not great for day trading, but then that's not what I've done with it.

In any case, it helped over the last 5 days quite a bit to make up for my foolishness with CL a week ago.


Anyway, glad you found the thread good for a laugh. I intended it to be moderately humorous for others, while at the same time an opportunity for me to air self-grievances.
 
Quote from HuggieBear:

I don't actually trade DNDN. It's the only position play I have, and I've had it for about 6 months. In all honesty, holding DNDN as a position has worked out better for me than most trades, so not sure what's so funny about it.

Sure, its not great for day trading, but then that's not what I've done with it.

In any case, it helped over the last 5 days quite a bit to make up for my foolishness with CL a week ago.


Anyway, glad you found the thread good for a laugh. I intended it to be moderately humorous for others, while at the same time an opportunity for me to air self-grievances.
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Glad you recovered
:cool:
 
Thank you my friend.


Honestly, I had battened down the hatches and was prepared/expecting to have to grind it out for the next couple of months just to get back to even.

This is a blessing to get back to even so quickly and now just be able to focus on more conservative and profitable trading going forward.
 
I am slightly modifying the purpose of this thread. It will still be used for public shaming, however I will now also use it to document my search for a profitable trading method.

After my recent loss of control day trading CL and subsequent recovery, I was planning to revert to the use of a mechanical swing trading system I developed.

This system is one that had been backtested across 12 years of data and thousands of trades. Over that period, it had yielded more than 100% in each and every year.

Well, unfortunately, I decided to go back and test it a little bit differently to ensure it was indeed as solid as it seemed. Unfortunately, I've discovered that it was in fact curve fitted. I thought given the number of trades and extensive time period and seeming consistency that I had avoided curve fitting. But unfortunately, that was not the case.


So, for the time being here is my strategy:

1) Modify swing trading system to find something that works without curve fitting

2) Develop a fully automated ES day trading system (done - currently in SIM testing)

3) Discretionarily buy market dips (> 3%) in strong sectors until I get a more mechanical system in place (will use some basic S/R in this process)



More to come...
 
Quote from HuggieBear:

I am slightly modifying the purpose of this thread. It will still be used for public shaming, however I will now also use it to document my search for a profitable trading method.

After my recent loss of control day trading CL and subsequent recovery, I was planning to revert to the use of a mechanical swing trading system I developed.

This system is one that had been backtested across 12 years of data and thousands of trades. Over that period, it had yielded more than 100% in each and every year.

Well, unfortunately, I decided to go back and test it a little bit differently to ensure it was indeed as solid as it seemed. Unfortunately, I've discovered that it was in fact curve fitted. I thought given the number of trades and extensive time period and seeming consistency that I had avoided curve fitting. But unfortunately, that was not the case.


So, for the time being here is my strategy:

1) Modify swing trading system to find something that works without curve fitting

2) Develop a fully automated ES day trading system (done - currently in SIM testing)

3) Discretionarily buy market dips (> 3%) in strong sectors until I get a more mechanical system in place (will use some basic S/R in this process)



More to come...
More...

Sounds smart. Nothing to shame you about over it. What platform you using?
 
I use NinjaTrader for intraday automated trading (in conjunction with MBTrading). I use Amibroker for mechanical swing trading system development.

Unfortunately Ive yet to be able to automate non-intraday systems ...no software seems to support it natively and I don't have enough time to build one from the ground up. Sucks because I find it much easier to design a reliable swing trading system (mostly)....I wouldn't say Ive yet developed an intraday system that is reliably profitable for more than a few months (at best).
 
Quote from HuggieBear:

I use NinjaTrader for intraday automated trading (in conjunction with MBTrading). I use Amibroker for mechanical swing trading system development.

Unfortunately Ive yet to be able to automate non-intraday systems ...no software seems to support it natively and I don't have enough time to build one from the ground up. Sucks because I find it much easier to design a reliable swing trading system (mostly)....I wouldn't say Ive yet developed an intraday system that is reliably profitable for more than a few months (at best).
More...
I have a intraday strategy ill give you if you would develop it for both of us to use.
 
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