The Patient Trader's journal

[GruTrader]

Good chance of closing in on your profit figure tomorrow. Nasdaq has been drastically underperforming Dow and S&P for the year, so it might try to catch up here. Overnight move is so far in your favor as well. I am also long going into tomorrow.

 

[fan27]

Good chance of closing in on your profit figure tomorrow. Nasdaq has been drastically underperforming Dow and S&P for the year, so it might try to catch up here. Overnight move is so far in your favor as well. I am also long going into tomorrow.

We shall see. The profit target distance is well above the daily range for QQQ. I certainly would not argue if it was hit today though

 

[fan27]

Moving stop to break even (84.32) on this QQQ trade. My thinking is that if we get down to that level there is a good chance we are in a topping pattern with further downside likely and I am not willing to risk having this trade turn from a winner to a loser.

fan27

 

[fan27]

QQQ trade exited on Tuesday via a Limit order per the trade plan.

Entry - 84.27
Exit - 90.28
Gain - 7.13%

YTD - 9.93%

fan27

 

[fan27]

Just entered a trade based on the massive selling recently. The setup is the fact that SPY has been below its lower bollinger band for 4 days in a row. I am going to hold for 2 days. The signal was for SPY but I bought it's equivalent futures contract ES at 1825.50

The pattern can be backtested here:

http://www.fasterbull.com/members/strategy-builder.php?id=925

Results are attached.

fan27

 

[fan27]

Just entered a trade based on the massive selling recently. The setup is the fact that SPY has been below its lower bollinger band for 4 days in a row. I am going to hold for 2 days. The signal was for SPY but I bought it's equivalent futures contract ES at 1825.50

The pattern can be backtested here:

http://www.fasterbull.com/members/strategy-builder.php?id=925

Results are attached.

fan27

Close to 60 ES points on trade which was just closed. Nice way to start the weekend! Will post details later.

 

[fan27]

Just entered a trade based on the massive selling recently. The setup is the fact that SPY has been below its lower bollinger band for 4 days in a row. I am going to hold for 2 days. The signal was for SPY but I bought it's equivalent futures contract ES at 1825.50

The pattern can be backtested here:

http://www.fasterbull.com/members/strategy-builder.php?id=925

Results are attached.

fan27

As previously stated, exited ES on Friday. Below are the stats:

Entry - 1825.50
Exit - 1882.50
Gain - 3.1%

YTD - 13.06%

 

[fan27]

2014 was a good trading year for me. With the trades posted here along with a big win I had in an oil stock I had been holding several years and was fortunate to sell close to the top (CLR), my account is up 21% this year.

I continue to develop my backtesting tool and should have some new features in the coming months that should further improve my results.

See you next year!
fan27

 

[fan27]

First trades of of 2015 are shown below. I have been super busy and was a couple days late getting into the trades which resulted in a better price.

First trade is from my strategy PullBackFrom12MonthHigh which can be seen and backtested here: http://www.fasterbull.com/members/strategy-builder.html?id=834

ticker = XLU
entry = 45.44
stop = 42.31
limit = 50.32

Second trade is from my strategy DownTrendReversal which can be seen and backtested here: http://www.fasterbull.com/members/strategy-builder.html?id=810

ticker = UNG
entry = 14.22
stop = 11.70
limit = 17.10

fan27

 

[fan27]

Both my XLU and UNG trades are underwater right now.

On another note, I have added two more strategies to the mix and am able to backtest all of my strategies together in a Strategy Portfolio. The Strategy Portfolio I am currently trading can be seen and backtested here:

http://www.fasterbull.com/members/strategy-portfolio-builder.html?id=22

The Strategy Portfolio consists of three separate asset allocations.

My two new Relative Strength strategies have me in at:

ticker = EEM
entry = 42.84

Signals for the strategies can found here:
http://www.fasterbull.com/members/strategy-scanner.html

I will organize this journal a bit more to accurately keep track of any changes to the Strategy Portfolio in addition to quantities to track what exactly is going on in my account.

thanks
fan27