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
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.
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.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
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
Working for meReport attached, hope this works.
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? The maximum position size should not exceed $1,000 as specified by Skate.
I believe brokers use a formula based on max price requested and brokerageHi 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 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 $1000 repeatively.I do not see the few dollar difference as an issue, chasing the price is/was a real issue but this is all clear nowI believe brokers use a formula based on max price requested and brokerage
basically requested 1000$ 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
investor or system trader? a\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
Real life example a few sec ago: asking for $4.5k purchase in my weekly system :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 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
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
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