The month that went nowhere...

[Laissez Faire]

Just post an analogy of what you do and I will tell you how long it would take.

If I recall correctly, you used to be a manual trader, but automated all of it? Did you change your methodology along the way while automating or was it just a matter of translating your manual trading into hard rules?

How long did it take you to become fully automated?

 

[RedDuke]

If I recall correctly, you used to be a manual trader, but automated all of it? Did you change your methodology along the way while automating or was it just a matter of translating your manual trading into hard rules?

How long did it take you to become fully automated?

Yes, I used to trade of DOM KOSPI futures.

What I do now has nothing to do with what I did 5 years ago.

It has been a long journey. My first algo started to trade in 2014.

 

[Laissez Faire]

Yes, I used to trade of DOM KOSPI futures.

What I do now has nothing to do with what I did 5 years ago.

It has been a long journey. My first algo started to trade in 2014.

I understand. Are your algorithms based on high frequency trading?

FWIW, I can't quite imagine how I could code my current strategies. In short, I do a lot of If-Then analysis based on statistical data (where the process of obtaining that is fully automated). But I'm not sure I could find a way to automate it. It would certainly be a long journey. But of course one where the strategy could also become better understood and improved.

I'm trying to reduce/eliminate the discretionary element of my trading. At least during market hours. But it's not easy...

 

[RedDuke]

I understand. Are your algorithms based on high frequency trading?

FWIW, I can't quite imagine how I could code my current strategies. In short, I do a lot of If-Then analysis based on statistical data (where the process of obtaining that is fully automated). But I'm not sure I could find a way to automate it. It would certainly be a long journey. But of course one where the strategy could also become better understood and improved.

I'm trying to reduce/eliminate the discretionary element of my trading. At least during market hours. But it's not easy...

No. Holding time is anywhere from few hours to about max 2 days. Totally flat for the weekend. I only trade CME futures.

Yeah, no easy task for sure.

 

[murray t turtle]

View attachment 208066

The power of threat after threat.

%%
Actually AUG = a bit down as of close today,QQQ ,SPY,Overnite.
But still going up YTD + + up nicely above 200 day moving average+ both close to 52 week HI,

 

[helpme_please]

Actually, Aug was my best month YTD so far. It has nothing to do with the summer. I just became a better trader than I was earlier in the year. Hopefully, September will be even better once volatility picks up again and now that I'm a better trader.

Looking back at my trades and old charts, there's ALWAYS ALWAYS opportunities to make money. But I'm either:

1) too slow and and missed the trade(used limit instead of market order)
2) too scared and didn't enter and missed out on a great move
3) weren't paying attention to the big movers
4) Were in stupid losing trades that distracted me from other better opportunities

I take full responsibility of that. Will work on improving on it everyday

Congratulations. Many longer-term stock traders I know who hold their positions for weeks on average had a bad time coping with Trump tweets which strike unpredictably.

Are you a short-term/swing intraday trader who hold the positions for hours on average? I'm not into intra-day trading but I think volatility markets with wide intra-day trading range should favour the intra-day traders more than the longer-term ones.

 

[ET180]

He does not handle increased volatility well, and as such, has chosen to fix on the stationary aspect of being range-bound, regardless of the size of the range, as a confirmation that this market is not suited to HIS trading style.

Volatility also not friendly to traders who primarily short options. Yes, it can give good opportunities to place new trades -- open trades when IV is elevated, but if you are short options without a strong directional bias and wish to maintain a somewhat close to neutral delta, then you don't want volatility as it will likely lead to whipsaws.

 

[trader99]

Congratulations. Many longer-term stock traders I know who hold their positions for weeks on average had a bad time coping with Trump tweets which strike unpredictably.

Are you a short-term/swing intraday trader who hold the positions for hours on average? I'm not into intra-day trading but I think volatility markets with wide intra-day trading range should favour the intra-day traders more than the longer-term ones.

I'm mostly intraday trader though I have swing and position traded with some success. In some way, I'm experimenting with both approaches(long term vs intraday). So in a year I want to see which one ends up being better. The one stock I'm holding long term broke out when I bought it and it's still going. However, it had some WILD pullbacks. Shocking so due to Trump tweets or what not.

However, I'm still holding it since the trend is still intact. So I'll ride it for as long as the trend is still intact. That's my experiment.

Whereas for my intraday, I'm trying to catch the intraday moves. I like that better since it consistently generates profits and I can sleep at night.

The position trade I can sleep at night is because the big picture trend is still intact though it has some really wild and crazy days that make me question it. But then it recovers and heading toward new highs. So, I'll hold it for as long as it still looks good. Could be months or even a year or more. Let's see.

 

[smallfil]

I'm mostly intraday trader though I have swing and position traded with some success. In some way, I'm experimenting with both approaches(long term vs intraday). So in a year I want to see which one ends up being better. The one stock I'm holding long term broke out when I bought it and it's still going. However, it had some WILD pullbacks. Shocking so due to Trump tweets or what not.

However, I'm still holding it since the trend is still intact. So I'll ride it for as long as the trend is still intact. That's my experiment.

Whereas for my intraday, I'm trying to catch the intraday moves. I like that better since it consistently generates profits and I can sleep at night.

The position trade I can sleep at night is because the big picture trend is still intact though it has some really wild and crazy days that make me question it. But then it recovers and heading toward new highs. So, I'll hold it for as long as it still looks good. Could be months or even a year or more. Let's see.

Trying position trading now as I plan to split my capital into short term and long term trading. Position trading has its advantages of less time alloted to managing each and every trade. You have to deal with the wild swings but, it should not matter if you have proper risk management. Trends last longer too giving you the potential for huge gains on a small amount of capital.