Took a big hit of 1.35% on crude oil (USO). Only made a slight error, but that was unforgiving.
Prediction Based Trading
- Thread starter stockpredictor
- Start date
Made more losses. Why did this have to happen now...? The other trades from earlier in the week would have made me profitable overall on the week but I wasn't able to even take them. Could have done the take-profit or breakeven for no losses but I didn't because I didn't put in the limit order on oil where I wanted and then got greedy on the other trade, which lost too.
On the other hand, bought oil on the current LoD as a disparate trade, (messed it up a bit, should have gotten $200 lower) probably let it run into tomorrow
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Whatever, closed. Made back some loss, not going to sweat it overnight. Will probably go up tomorrow
Also, I noticed that the AUM also went down 23% to 200k even though it was only 1.3% down today. I guess a lot of people leave because the cost of doing so is little, and it's a short term hopping thing. It doesn't really matter, especially at this point.
Ending the week -0.3% from last week. Considering how many good trades I missed, it isn't that bad... https://collective2.com/details/134463089 chart still needs to update I think.
As expected, oil ripped up today. I recognize this pattern, similar to the GE call... it produces a good move.
Getting used to the C2 thing. Should smash through the 10% line next week if all goes ok, may it be so.
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Stupid thing showed me a large profit from the get-go. Later did turn into a decent profit but I held and it turned into a loss because the display was messed up; as you can see, the price from entry is impossible. Also missed another trade (CAT LoD long) because I was holding the FB short and didn't think it was worth making an unleveraged trade which would have been good for like a half-percent or so, I even set the limit order buy but cancelled because the FB opportunity came up. Si I basically got the both from both worlds. Also missed a HoD crude oil short.
What would be better, is to find someone to develop the system together and split the profits. This C2 thing isn't working out. Nothing ever seems to work out
What would be better, is to find someone to develop the system together and split the profits. This C2 thing isn't working out. Nothing ever seems to work out
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Time to rant again.
Red.
Down 0.4%. Worst thing is, I should have been UP, and by a lot. Max profit on the FB trade was 0.65%. But it was showing messed up P&L which hadn't been the case before, and even then only after I refreshed the thing, which showed me the correct P&L, just for a moment before reverting. I contacted them and then started working back the refresh method for a moment, but well after I had already closed the trade. I will admit that it was partially my fault because I got the exit point I had wanted, but along with those problems, the price strongly moved back up right from the expected exit.
Also missed the CAT long on the literal LoD because of it.
The other thing is that the wins had too much slippage. Here's the problem. If I used limit order entries, there is little entry slippage. But the exit is the issue. I don't know when the C2 actually exits the trade. The 5 second disparity ended up making the real trade more profitable than the C2 placed one. (NFLX). Price did end up getting to the target exit but I don't keep that too inflexible because things can change. So when it started going against me, I closed it for profit. The profit could have been a lot more, and I admit it was partially my fault, because it wasn't that close to the exit target (which was eventually met). I opened the trade on the gray level (not the first time it got there today, but after the break downwards to go up and touch as resistance). I closed the trade on the highlighted green candle. Basically, that green candle ate half of the profit. On those short timeframe yet large moves, the refresh to see the P&L as well as the market order slippage amount can be significant. This was also the case for the GME trade I made today which should have given half a percent but ended up like 0.1% profit only.
And using limit orders for entry eliminates the possibility of positive slippage and only allows the possibility of negative slippage. This is a problem.
These are some of the problems. I can make solid gains in a relatively short period of time, but right now, the execution is a major problem. Should have been a teen % gain by now but still stuck at 6-7% only. Just so frustrating.
EDIT: Oh, and the P&L number on trades changed after too in the chart, this isn't even the first time its happened.
Red.
Down 0.4%. Worst thing is, I should have been UP, and by a lot. Max profit on the FB trade was 0.65%. But it was showing messed up P&L which hadn't been the case before, and even then only after I refreshed the thing, which showed me the correct P&L, just for a moment before reverting. I contacted them and then started working back the refresh method for a moment, but well after I had already closed the trade. I will admit that it was partially my fault because I got the exit point I had wanted, but along with those problems, the price strongly moved back up right from the expected exit.
Also missed the CAT long on the literal LoD because of it.
The other thing is that the wins had too much slippage. Here's the problem. If I used limit order entries, there is little entry slippage. But the exit is the issue. I don't know when the C2 actually exits the trade. The 5 second disparity ended up making the real trade more profitable than the C2 placed one. (NFLX). Price did end up getting to the target exit but I don't keep that too inflexible because things can change. So when it started going against me, I closed it for profit. The profit could have been a lot more, and I admit it was partially my fault, because it wasn't that close to the exit target (which was eventually met). I opened the trade on the gray level (not the first time it got there today, but after the break downwards to go up and touch as resistance). I closed the trade on the highlighted green candle. Basically, that green candle ate half of the profit. On those short timeframe yet large moves, the refresh to see the P&L as well as the market order slippage amount can be significant. This was also the case for the GME trade I made today which should have given half a percent but ended up like 0.1% profit only.
And using limit orders for entry eliminates the possibility of positive slippage and only allows the possibility of negative slippage. This is a problem.
These are some of the problems. I can make solid gains in a relatively short period of time, but right now, the execution is a major problem. Should have been a teen % gain by now but still stuck at 6-7% only. Just so frustrating.
EDIT: Oh, and the P&L number on trades changed after too in the chart, this isn't even the first time its happened.
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Not sure exactly what you're saying, but maybe it could be a couple of things:
1. Trade entries and exits (P&L) may be updated based on the fills your subscribers got.
2. The website is updating everyone's data; and during busy times, your P&L stats may update slower than real time.
Yeah that's fine, I just need to change my approach. I may just have to bite the bullet and accept that it won't be great regardless.
Longed BA at 242.50, currently at 241. Should net a profit or breakeven (depending on the gap) by tomorrow, so today can be an entry if you're looking to long.