Taking 320K to 3.5million by Year End 2009

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Weekly Update for week 25/50 ended 07/04/2009

Moderately positive week, up 1.1K (0.5%).

Very light trading week, cut short by holidays and personal time off. Just a number of automated trades that eked out a little over 1K. Still playing with very small positions in the automated arena.

Should still spend some time this week-end to make the system trade some of the signals being generated (right now the final decision to take the alert and place a trade depends on me. I think I am confident enough in a couple of set-ups to let the system place the order when the conditions are met.)


Code: 
Opening Balance:               	    	220,336
Net gain for the week 		          1,132
------------------------------------------------
Net Balance:                   		221,468

Number of Trades	            	 14
Number of Profitable Trades    	    	 8


Since Inception of Thread   01/10/2009 - 07/04/2009

Opening Balance:                   	320,064
Net loss (Less Margin Interest)		-98,596	(Down 30.8%)
------------------------------------------------
Net Balance				221,468

Number of Trades	           	596
Number of Profitable Trades        	365

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Quote from neke:

Weekly Update for week 25/50 ended 07/04/2009

Moderately positive week, up 1.1K (0.5%).

Very light trading week, cut short by holidays and personal time off. Just a number of automated trades that eked out a little over 1K. Still playing with very small positions in the automated arena.

Should still spend some time this week-end to make the system trade some of the signals being generated (right now the final decision to take the alert and place a trade depends on me. I think I am confident enough in a couple of set-ups to let the system place the order when the conditions are met.)


Code: 
Opening Balance:               	    	220,336
Net gain for the week 		          1,132
------------------------------------------------
Net Balance:                   		221,468

Number of Trades	            	 14
Number of Profitable Trades    	    	 8


Since Inception of Thread   01/10/2009 - 07/04/2009

Opening Balance:                   	320,064
Net loss (Less Margin Interest)		-98,596	(Down 30.8%)
------------------------------------------------
Net Balance				221,468

Number of Trades	           	596
Number of Profitable Trades        	365

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This is one of the earliest mentions of you using complete Automation. You made 0.5% with your brain and a program. Taken from this week, you're annualizing at 30% with 1.0051371^52. Might want to think about ratcheting the position size up.

If you've backtested properly, you could have went straight to the full position size and most likely been up a lot more. What had you been using for position sizes? 10% of equity? 20k per trade? 100k? Info?
 
Quote from bwolinsky:

What had you been using for position sizes? 10% of equity? 20k per trade? 100k? Info?
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Right now I am starting off with 30% of account per trade. I shall increase it as I see good performance. Still not closing my eyes altogteher to discretionary opportunities: it's just I am de-emphasizing them. The more automated set-ups that occupy my attention, the less opportunity to wander into destructive discretionary forays. I want the discretionary opportunities to look for me, not the other way round.
 
Weekly Update for week 26/50 ended 07/11/2009

Moderately positive week, up 4.2k (2%).

Nothing remarkable on the discretionary front other than Wed when I decided to step in on the end of day rebound after several days of sell-off, making 6K. Marred by a decision to short the rally in RIGL on Thurs,losing 5K. The automated front was fairly OK too, except that I had some wrongful trades on Tuesday: have since fixed the system to avoid a recurrence of that.

Still being very cautious as we head into earnings season.


Code: 
Opening Balance:               	    	221,468
Net gain for the week 		          4,206
------------------------------------------------
Net Balance:                   		225,674

Number of Trades	            	 23
Number of Profitable Trades    	    	 11


Since Inception of Thread   01/10/2009 - 07/11/2009

Opening Balance:                   	320,064
Net loss (Less Margin Interest)		-94,390	(Down 29.5%)
------------------------------------------------
Net Balance				225,674

Number of Trades	           	619
Number of Profitable Trades        	376


TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAIN/LOSS	TYPE

SZCGJ	2009-07-08-15-09-19	2009-07-08-15-46-23	30000	47400		54300		6428		SPY CALL
--------------------------------------------------------------------------------
RIGL	2009-07-09-12-04-58	2009-07-09-15-20-12	14000	182270		177008		-5365		SHORT

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Ouch. This has been a painful thread to read through.

Market is going to start a long slide downward after the GS earnings move the SPX up to the 50 DMA.

I'm going to load it short the 915-925 area.
 
Not to highjack this thread but I agree with you about the 910-20 level, channel top IMO this lots of resistance and plenty of reasons to go short!

and Neke, atleast you have stopped the red for now. Take it easy.. Always be watching, inspiration even with the draw down! Seen other threads etc.

TT

Quote from JAP:

Ouch. This has been a painful thread to read through.

Market is going to start a long slide downward after the GS earnings move the SPX up to the 50 DMA.

I'm going to load it short the 915-925 area.
More...
 
Quote from 1flyfisher:

This is part of your problem.
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How? Are you saying if I have 200K, spending 60K on a stock position for a day-trade is outsized?
 
Quote from neke:

How? Are you saying if I have 200K, spending 60K on a stock position for a day-trade is outsized?
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I don't know what answer you'll get from OP , but I'd say YES. Very much outsized.
And why dont't you take some swing trades also? Your account is big enough to keep some positions overnight and also daytrade.
Just my 2 cents.
 
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