Journal of trader um (aka traderum)

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Quote from heech:
Do you find it odd you show IBM at 125.31? While every other chart in the world show IBM hasn't been under 126 the entire month of December?

Or LLY at 31.99, when it hasn't been that low since March?
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Hello, thanks for feedback. As mentioned in the previous postings
these numbers are from the IB Demo System. In this system the prices are with some offsets, ie. they are valid only in the Demo system.
 
Quote from traderum:
Ok, I will not open any new position before finishing the mentioned neccessary manual work that shows how the previous trades finally ended.
To be continued...
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And regarding the final result of yesterdays phantastic result:
We need to add about 239540 to the result :-) [just see the latest 2 fills on the posted screenshot here
http://www.elitetrader.com/vb/attachment.php?s=&postid=2675893 ]
Oh boy I think the end result is even more than 100% :-)
Let's see:
345.5k in the preliminary result (see posting dated 12-18-09 01:24 AM (that's my timezone, CET) and the screenshot there)
+239.5k
========
585.0k

That's an unbelievable +117% profit! :-)
Thanks go to the IBM MM !... :-)

Ok, now the rumble in the Wall Street jungle can continue! Yippea! :-)
 
Quote from traderum:

Correction: 2 (actually 1) is still not filled yet, see below.


Here is the result (as said had to compute them manually):

Ticker Type Qty AvgBuyPrice CurrentPrice SellPrice Comments P/L

IBM STK 238 127.023 125.31 132.00 notfilled_yet -407.69
IBM OPT-110 80 10.5325 14.69 13.10 filled 20540.00
IBM OPT-115 13 7.105 10.71 8.80 filled 2203.50

QQQQ STK 2031 34.1708 35.07 35.50 (notfilled_yet) 1826.27
QQQQ OPT-25 40 7.5995 10.71 9.40 filled 7202.00


Gross P/L of the above = 31364.08

Now together with the other results from the account page:
First we take away these positions from the account value of then (ie. adding to it),
and then add the above calculated profits to get the final acct value:

515615.23 + 238*127.023 + 80*100*10.5325 + 13*100*7.105 + 2031*34.1708 + 40*100*7.5995 = 739142.09
(FYI: the "*100" is for options...)

Now we add the above profit to it: 739142.09 + 31364.08 = 770506.17 as the account value

Since the initial acct value was 500k we get a total profit of about 270506 minus maybe about 500$ for the commissions
giving say 270006. That's a profit of 54%. And this is the 2nd best result I ever had.

BTW, above I wrote the QQQQ stock is not filled yet, I see that it has been filled now since BidPrice >= OrderPrice,
but I would need to recalculate everything :-(, so I better leave it as is.

We can say this trading action was very profitable, albeit I had to keep the positions nearly 2 days.

(If you find any significant error (except rounding errors etc) in these numbers let me know and I'll verify again)
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Hmm. I think I made a logic error in these calculations because the result looks too much IMO... Will recheck it...


The above calc is wrong. It must be:
OldAcctValue - OldUnrealizedPL + FinalPL

that is:
515615.23 - -2199.93 + -407.69
- -9140 + 20540
- -572 + 2203
- -2530.21 + 1826.27
- 2182 + 7202

gives
559238.95

So the result is only 59238.95. That's about +11.8% of 500k.
 
Quote from traderum:

Hello, thanks for feedback. As mentioned in the previous postings
these numbers are from the IB Demo System. In this system the prices are with some offsets, ie. they are valid only in the Demo system.
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Have you considered opening a paper trading account? That would let you trade using realtime prices. You'd need to have a minimally funded real account for this. They give you $100k of play money in a seperate account.
 
Quote from loufah:
Have you considered opening a paper trading account? That would let you trade using realtime prices. You'd need to have a minimally funded real account for this. They give you $100k of play money in a seperate account.
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Hi, I'm still testing everything: the platform, the broker, the API, my program, my trading method etc. I think the Demo is ok for this purpose.
I have learnt that I also need an independent and reliable data source for RT data, this I need also for scanning the market,
so it must cover all the stocks out there....
(yes I know there is a mkt scanner in TWS, but it doesn't cover my needs yet)
So, it's all much work (many APIs etc.) that must be done first before one can go "live"...
 
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