Dump it Here

[qldfrog]

And BTW, I hope I am not the only one following Mr Skate trial and that others can share their experience of execution using different brokers
The above using Bell Direct with $10 a trade brokerage up to 10k

 

[Bazzi]

And BTW, I hope I am not the only one following Mr Skate trial and that others can share their experience of execution using different brokers
The above using Bell Direct with $10 a trade brokerage up to 10k

I too dont have the exact figures as skate as my broker (Saxo) charges $7.69/trade and some shares were picked up at marginal higher/lower price ... but overall very close figures with few dollars difference.

I am curious on the shares that jumped higher during the week and fell lower later like REX, Bub and CDV. I got the temptation to profit in but didnt do it because of Skate words to follow a system and stick to the rules. What do you think @Skate of those shares? Would it have another up run?

 

[Skate]

What do you think @Skate of those shares? Would it have another up run?

@Bazzi, I have no idea & frankly I don’t care, it’s a numbers game. Remember we are trading a “NO THINKING” Strategy. What I think is irrelevant. All the hard work has been done & going forward I have one job to do & that is to take the signals as they come, nothing more & nothing less.

I’m guessing that my answer & response is not what you were expecting so let’s not complicate things. System trading is usually most effective when "implemented consistently". One problem frequently encountered by individual traders is the "difficulty" in following the rules or the system. Sticking to a system requires discipline which is often difficult to maintain.

Skate.

 

[Bazzi]

@Bazzi, I have no idea & frankly I don’t care, it’s a numbers game. Remember we are trading a “NO THINKING” Strategy. What I think is irrelevant. All the hard work has been done & going forward I have one job to do & that is to take the signals as they come, nothing more & nothing less.

I’m guessing that my answer & response is not what you were expecting so let’s not complicate things. System trading is usually most effective when "implemented consistently". One problem frequently encountered by individual traders is the "difficulty" in following the rules or the system. Sticking to a system requires discipline which is often difficult to maintain.

Skate.

No, Very fair answer and I respect that. I never followed system trading previously and got burned with emotional trading.

If anything this exercise is teaching me, is to correlate your system signals to a system I am trying to setup. But most importantly I am learning from you how to be patient and stick to the rules.
Thanks for that @Skate

 

[Saqeeb]

Week 13: Update on my MAP paper trading portfolio.

This week I was able to enter only 5 out of the 6 positions. MSB was in a trading halt on Monday and my offer was only for valid for the day. Therefore it was purged out at the close of market Monday.

My portfolio gained a modest $9.00.

This week's scan results:
BUYS:
3 buy signals this week. I will post this week's buy signals with the EOW's update as I noticed that one other fellow forum member's entries last week were very similar to mine and he is trading it live.

SELLS:
No sells this week

 

[aus_trader]

All things tend to evolve over time. In trading, that tends to be for the better, simply because if you survive and eventually thrive in trading/investing, you generally have some insights to pass on.

So on ASF currently, from the Reefcap days, there is tech/a, WayneL. and CountryBoy that I remember. With regard to systems, tech/a was the chap who really introduced me to them, but, for a number of reasons, I never really got into them.

The chap who really opened my eyes to a really useful area of trading (Options) was WayneL (although he went by some other name in those days which for the life of me, escapes me currently). That is one area of ASF that is weak: Options. They just have so many applications, but there seems to be limited interest in them.

Reefcap was a bit more US orientated than ASF. Apart from those 2 differences, it is similar.

jog on
duc

Thank you Duc, some interesting history going back to times when I wasn't even a member but was reading bits and pieces at times as a guest post GFC era without commenting on anything, although I was itching to do so.

 

[Rsthree]

And BTW, I hope I am not the only one following Mr Skate trial and that others can share their experience of execution using different brokers
The above using Bell Direct with $10 a trade brokerage up to 10k

I will post mine but just need to clean up my tracking spreadsheet as its work in progress.

I use selfwealth ($9.50 commission) however my results may be a little skewed as I had to buy the last 7 stocks on the Wednesday (due to delay in funds transfer) and quite a few were below the weekend bid price due to a dip in the market.

 

[Rsthree]

Report attached, hope this works.

 

[qldfrog]

Report attached, hope this works.

Working for me

 

[Skate]

For those who are following along using CommSec, for transparency I'll display the 5 step process in placing a buy order in the pre-auction with confirmations.

1. Placing the buy order (proceed)





2. Confirmation of the order you are about to submit (Submit Order)





3. After submitting the buy order a confirmation screen with a link to place another order is displayed






4. Outstanding order confirmation






5. A confirmation email is received moments after submitting your order






Skate.

 

[wabullfrog]

When having a look at the GNC Investor Presentation they mention Core Debt & Net Debt. As an Investor which would you pay more attention to? Would the Core Debt figure vary quite a bit as the commodity price changes?

 

[rnr]

And BTW, I hope I am not the only one following Mr Skate trial and that others can share their experience of execution using different brokers
The above using Bell Direct with $10 a trade brokerage up to 10k

Hi qldfrog,

Referring to entries alone at this stage, if you were to get different results by using a broker other than the one used by Skate, what would cause this do you think?
Maximum position size should not exceed $1,000 as specified by Skate.

Cheers,
Rob

 

[Skate]

Hi qldfrog, Referring to entries alone at this stage, if you were to get different results by using a broker other than the one used by Skate, what would cause this do you think? The maximum position size should not exceed $1,000 as specified by Skate.

Rob, thanks for raising the issue giving me an opportunity to make a few general comments about Systematic Trend Trading & following the rules.

Systematic Trend Trading is simple but not easy to follow
The Action Strategy is a weekly trend following strategy that doesn’t have many rules & simple to follow. Most don't realise what causes trends to form as they do, others like to put their spin on it, where I have a different view. Trends form because of "market sentiment" & that sentiment can change in a heartbeat. Given the simplicity & profitability of trend trading “why do some have problems following their system?”

I’ll tell you why
Most traders do not have enough resilience to do it consistently. Traders are not willing to remove themselves from their trading decisions to trust a trading system, particularly when you have more losing trades than winning trades "that’s why". Impatience is one of the biggest reasons traders like to override their system because many are not willing to wait patiently & “DO NOTHING” while a trend moves in the right direction. Because of this impatience, many just can’t follow the process or if they can, they have trouble following the rules. Trend trading the Action Strategy will get you into a lot of potential trends & quickly gets you out at a small loss if the trend doesn’t follow through. This means that trend traders will have lots of small losses, something everyone needs to come to terms with.

I’ll leave the last words to Bill Williams PhD
You will never go broke trading if you “want what the market wants”

Skate.

 

[qldfrog]

Hi qldfrog,

Referring to entries alone at this stage, if you were to get different results by using a broker other than the one used by Skate, what would cause this do you think?
Maximum position size should not exceed $1,000 as specified by Skate.

Cheers,
Rob

I believe brokers use a formula based on max price requested and brokerage
basically requested 1000$ worth at lets say $2 is 500 shares + 10 brokerage=1010
so even if i enter 1000$ I often get an amount above by a few dollars EVEN if as per example it could as an exact amount .anyway, never a big aount but I do not expect to match Mr Skate results on Comsec dollar to dollar
that is all I mean and I expect various brokers to have different rules

 

[qldfrog]

I believe brokers use a formula based on max price requested and brokerage
basically requested 1000$ worth at lets say $2 is 500 shares + 10 brokerage=1010
so even if i enter 1000$ I often get an amount above by a few dollars EVEN if as per example it could as an exact amount .anyway, never a big aount but I do not expect to match Mr Skate results on Comsec dollar to dollar
that is all I mean and I expect various brokers to have different rules

I could be able to correct that by looking at @Skate action list and enter the number of shares instead of $1000 but being lazy, it is easier and more error safe to enter $1000 repeatively.I do not see the few dollar difference as an issue, chasing the price is/was a real issue but this is all clear now

 

[qldfrog]

When having a look at the GNC Investor Presentation they mention Core Debt & Net Debt. As an Investor which would you pay more attention to? Would the Core Debt figure vary quite a bit as the commodity price changes?

View attachment 103520

investor or system trader? a\
As a system trader, I could not care less if GNC has decided to sell unicorns make with martian rocks, investor is a VERY different story but @Skate will be able to confirm.

 

[qldfrog]

I could be able to correct that by looking at @Skate action list and enter the number of shares instead of $1000 but being lazy, it is easier and more error safe to enter $1000 repeatively.I do not see the few dollar difference as an issue, chasing the price is/was a real issue but this is all clear now

Real life example a few sec ago: asking for $4.5k purchase in my weekly system :

But note that in most cases my $ limit will not be reached and actual cost will be lower [as the number of shares remains unmoved by the Open price which will be <= to my limit)
Interlude over , sorry for the disruption Mr Skate

 

[rnr]

I could be able to correct that by looking at @Skate action list and enter the number of shares instead of $1000 but being lazy, it is easier and more error safe to enter $1000 repeatively.I do not see the few dollar difference as an issue, chasing the price is/was a real issue but this is all clear now

Hi qldfrog,
Thanks for your responses.

(post # 2954)
Alternatively you could deduct the brokerage (on purchase) from the maximum position size so that you can spend the balance of $990 to buy the actual shares.
(post # 2957)
Based on the example supplied with your weekly system, you could place an order to purchase shares (in the opening auction) at a limit of price of $0.32 and not to exceed $4490 (i.e. excluding brokerage).

It just looks odd to me when I see a system that, for example, specifies a maximum of 20 positions at $1000 each and then open trades that exceed $1000 in total.

Cheers
Rob

 

[qldfrog]

Hi qldfrog,
Thanks for your responses.

(post # 2954)
Alternatively you could deduct the brokerage (on purchase) from the maximum position size so that you can spend the balance of $990 to buy the actual shares.
(post # 2957)
Based on the example supplied with your weekly system, you could place an order to purchase shares (in the opening auction) at a limit of price of $0.32 and not to exceed $4490 (i.e. excluding brokerage).

It just looks odd to me when I see a system that, for example, specifies a maximum of 20 positions at $1000 each and then open trades that exceed $1000 in total.

Cheers
Rob

as we are not aware of the final open price we generally use a max amount spent which is hardly used,
Above, on average, even with my few above $1000 and a wild chase for Myer, my average per ticker is $996.... so not to worry about

 

[Lone Wolf]

I could be able to correct that by looking at @Skate action list and enter the number of shares instead of $1000 but being lazy, it is easier and more error safe to enter $1000 repeatively.I do not see the few dollar difference as an issue, chasing the price is/was a real issue but this is all clear now

I'm playing along as I'm interested to compare the different levels that we sell at and the overall impact it has. I won't necessarily be at the computer at 10:30am on the day we sell, so if I don't get out on the open, it won't be the same as Skate. What difference does this make over time?

But my buy positions are identical to Skate as I used the same entry quantities and price limits. End values are different as CMC has $11 per trade ($9.90 if you do more than x trades in a month). So a bit worse than skate. However, I could have up to $10,000 positions and still only pay $11.