Johnny Rock's comeback

johnnyrock said:
Algo trading in less than 100 lines of code:

https://www.oreilly.com/learning/algorithmic-trading-in-less-than-100-lines-of-python-code

Quick path to test ideas using a free demo account.
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But wait, there's more!

"This article shows that you can start a basic algorithmic trading operation with fewer than 100 lines of Python code. In principle, all the steps of such a project are illustrated, like retrieving data for backtesting purposes, backtesting a momentum strategy, and automating the trading based on a momentum strategy specification. The code presented provides a starting point to explore many different directions: using alternative algorithmic trading strategies, trading alternative instruments, trading multiple instruments at once, etc..."

Don't try to trade, just algo it! Automate everything! Python is all I need! Ug. Johnny man, stick to the basics maybe?

 
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MAs converging. Contraction. Waiting for expansion. Patience!
 
Crumbs:
  • retail resides within the whipsaw
Throughout the pages of ET, I am always keeping an eye out for ideas that will make me money. My experience - losing on the smaller timeframes - makes me believe this is true. My goal is a reliable way to play trend days. The search continues.
 
Feeling flush from my micro gold swing trade, I met up with some old friends. They don't seem so impressed. They called me a degenerate trader!
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johnnyrock said:
Crumbs:
  • retail resides within the whipsaw
Throughout the pages of ET, I am always keeping an eye out for ideas that will make me money. My experience - losing on the smaller timeframes - makes me believe this is true. My goal is a reliable way to play trend days. The search continues.
More...

Crumbs? A bird eats 1 seed at a time and at the end of the day it has a full belly.

Retail within the whipsaw? I'm curious how do you know this to be true?

I think that most of your searches on ET will come up short. You should be asking your self what makes a retail trader? One who follows others or one who experiments with ideas? The latter is the one that most times brings home the bacon. Most retail traders are afraid of themselves and fail to allow there inner creative side to guide them. Its that self doubt that says, no it cant be that easy? Can It? But instead they resort to mainstream concepts, for example those 4 squiggly lines you use to see congestion. If a person can convince himself to use them in the way you do, do you think you can convince yourself to use just one or none? Trading markets doesn't have to be an perplexing event and we shouldn't be following the perplexed 96% of losers into bankruptcy court. If you need to look at those squiggly lines, try to identify one that shows a much higher percent of return and keep your profits small or let them run? You know how the laundry business works? those people drop 5$,6$-or more at a time and then they leave an they come back another time. Very similar to how the markets work. cheers
 
Zodiac4u said:
Crumbs? A bird eats 1 seed at a time and at the end of the day it has a full belly.

Retail within the whipsaw? I'm curious how do you know this to be true?

I think that most of your searches on ET will come up short. You should be asking your self what makes a retail trader? One who follows others or one who experiments with ideas? The latter is the one that most times brings home the bacon. Most retail traders are afraid of themselves and fail to allow there inner creative side to guide them. Its that self doubt that says, no it cant be that easy? Can It? But instead they resort to mainstream concepts, for example those 4 squiggly lines you use to see congestion. If a person can convince himself to use them in the way you do, do you think you can convince yourself to use just one or none? Trading markets doesn't have to be an perplexing event and we shouldn't be following the perplexed 96% of losers into bankruptcy court. If you need to look at those squiggly lines, try to identify one that shows a much higher percent of return and keep your profits small or let them run? You know how the laundry business works? those people drop 5$,6$-or more at a time and then they leave an they come back another time. Very similar to how the markets work. cheers
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I should clarify that I know it to be true for me.
 
johnnyrock said:
I don't pick football, but handicappers do! The problem is, as a newbie, who do I follow?

Surely, I could ask somebody. That is not my style nor has it ever been. For purely entertainment purposes, I opened an online gambling account.

My plan:
  • use the aggregate knowldege I have gleaned on money management through trading
  • take advantage of probabilities
  • decrease risk until I get to 10%
  • MAX BET $300 (when I get there)
Results, WEEK 1:

$50 turned into $120 on eight bets. My first two bets were $25 each (50%). Thursday and Saturday I was down the vig after four bets. W/L/W/L. My account was around $43.

Sunday was beautiful! Not only did I find my handicapper, but I found a way to sift thru the forest. Certain trees bear more fruit. I can't give his name. Boy did his picks bear fruit! $43 turned into $120!

So, for next week my bets will all be $20.

10% of $120 would be $12 and the minimum bet is $20 (you used to be able to get a "dove" for that). So, by hitting a winning streak early, I can actually reduce my risk on a percentage basis. Another Solid Sunday and I will be at the proper risk profile. What are the chances of me blowing up my account? Its all contained in that table I posted last week, and it depends on my actual winning percentage (75% on week 1). But, I survived the riskiest period.

Risking 10% of my roll until I max out at $300. That will take a lot of streaks. I am just along for the ride at this point. If the handicapper can produce, the JOHNNY ROCK CRITERION will produce what it produces. However, 10% is a path to riches! Have you seen how rich these preachers are who only require 10%? Personal finance 101 tells you to save 10%. And the JR CRITERION would have you bet 10%!
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Any NCAA picks this weekend?
 
Nope. Six picks for tomorrow, though. The over in the Redskins and Raiders. Taking the Jaguars and Cardinals to cover both of their games. The under in the Steelers/Bears, Seahawks/Titans, and Saints/Panthers games.
 
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