Dump it Here

ah13 said:

Hi Skate. As the IGL sale proceeds exceeded $1000, I would have thought Commsec's brokerage would have been $19.95 on the sale not $10?

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@ah13, you are 100% correct. The Action Strategy "Share Trade Tracker" configuration commission rate setting is hardcoded @ $10 & I've neglected to override the commission rate to $19.95. Thank you for having an Eagle Eye & alerting me to update the portfolio & Monday's results..

Skate.

Skate.

I'm in awe of your returns so far. The Action strategy seems to react very quickly!

Warr87 said:

I'm in awe of your returns so far. The Action strategy seems to react very quickly!

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@Warr87, I'm in awe that some members had the "blind faith" to join in.

So far so good...

Skate.

@Skate you have a history of profitable systems. It takes some guts, but perhaps not too surprising that people are following haha.

So what was your original thought process? What made you pick the portfolio that you did?

Week 18: Update on my MAP paper trading portfolio.

This portfolio gained a little last week - $237.00

Last week's buys:
There were no buys for last week.

Last week's sells:
Sold CAN and AEF.




This week's buys:
The system generated 6 buy signals this week.
CDV, SPT, RBL, OPC, NXT and AEF (re entry after last week's exit, hence missing all of last week's gains )
I have a rule that I do not enter a position after a takeover offer and therefore CDV was not entered.

This week's sells:
PDN and DTL`

Im surprised you exited CAN and AEF when my MAP system kept them.

ah13 said:

Hi Skate

As the IGL sale proceeds exceeded $1000, I would have thought Commsec's brokerage would have been $19.95 on the sale not $10?
From the Commsec site
Brokerage fee amount by transaction value1
Trade
Trade online and settle your trade to a CDIA or CommSec Margin Loan2

• $10.00 (Up to and including $1,000)
• $19.95 (Over $1,000 up to $10,000 (inclusive))
• $29.95 (Over $10,000 up to $25,000 (inclusive))
• 0.12% (Over $25,000)

View attachment 105088

View attachment 105089

Skate.

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[/QUOTE]
From memory, I think that skate gets a high roller discount with commsec.

From what I can see Skate was charged $19.95



Edit: Ahhh Sorry just noticed the Matched Buy Trade Brokerage of $10. Does everyone get this rate Skate or is it a rate you have negotiated?

over9k said:

So what was your original thought process? What made you pick the portfolio that you did?

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@over9k, thanks for the question.

The "Action Strategy"
It's only proper I give a background to how the "Action Strategy" sprung into life & the concept behind it.

I've quoted this to "ad nauseam"
"If what you learn leads to knowledge, you become a fool - but if what you learn leads to action, you can become wealthy"

The strategy is from information that has freely been posted in this thread
I turned that knowledge into "action" coding up a tradable strategy. What to call the new strategy was my next dilemma. It didn't take too much thinking, I called it the "Action Strategy". I put into practice what I've been preaching "knowledge into Action".

Knowledge (leads to action)
@ducati916 posted some helpful hints (passing on some of his knowledge) in the "Dump it here" thread that resulted in coding up two new indicators & one new strategy. The explanation of these with samples are scattered in this thread.

(1) "The Ducati Blue Bar Daily Strategy"
(2) "The Ducati Stop & Go Indicator" &
(3) "The Ducati Acceleration Indicator"

The two indicators & the strategy were all respectable in their own right. I'm now a firm believer that we don't need a fancy strategy to make money in this game. Using "The Ducati Blue Bar Daily Strategy" with prudent "Money management" & a sharp "PositionScore" code brings this strategy to life.

Reading between the lines
ASF is blessed to have so many members willing to pass on information that they have found beneficial in their trading endeavours. Those members have their own threads dropping crumbs along the way. When trading information is disseminated it's usually done in a scattergun manner where other posts have more precise details. Recently I had the privilege to gather a new understanding how others trade & their logic in doing so.

Ther "Action Strategy" was my next exercise
With an influx of new members "itching" to get their "foot in the door", or "dip their toes in" my next project might give them the opportunity. There are two option (a) watch along or (b) trade along. I decided all the positions would be disclosed before being traded with real money. Trading at first can be confusing, that's why we need a trading plan that includes a trading strategy, otherwise it's just plain gambling. Let me say, the strategy I'll be trading has exceeded my expectation so I'll be throwing caution to the wind jumping straight into the deep end.

Turning knowledge into action
There is no new idea out there but there are some discretionary ideas that can be coded & used in a mechanical trading system. I simply coded a new strategy with the knowledge gained from this forum & turn it into "action". I've combined all Duc's ideas & mashed them into a new trading system known as the "Action Strategy"

Let me explain the new "Action" strategy
It's a combination of discretionary ideas coded & used in a mechanical trading system. It's the natural progression from "The Ducati Blue Bar Daily Strategy", "The Ducati Stop & Go Indicator" & "The Ducati Acceleration Indicator" all respectable in their own right but with money management, new parameters & filters the idea (strategy) grows an extra leg. The makeup of the new "Action Strategy" has been freely discussed whereas other information (that forms part of the strategy) has been provided to me in private.

Follow or trade along
The strategy is designed for those itching to get involved. As I trade in the pre-auction, all positions, quantity of shares & the offer price will be fully disclosed before the opening of Monday's markets. The reporting will be accurate as "Share Trade Tracker" new release has included "Norgate" as the new data source.

In a nutshell
The new "Action" strategy is a "Weekly" $20k portfolio with $1k bets. The entry conditions of "volatility & volume" relies on other measures to tilt the odds of success in our favour. The strategy will be buying good companies at the "right time" & selling quickly when it goes against us. The exit will be at the heart of the strategy combining a looping "stale stop" & "a variable trailing stop" driven by a "volatility measure" taken from "other sources".

Summary
The above is a snapshot of the "Action Strategy". I've made 101 posts referencing the Action Strategy & if anyone needs a more detailed explanation I suggest using the [search feature][Action Strategy] posted by [Skate].

Skate.

Warr87 said:

Im surprised you exited CAN and AEF when my MAP system kept them.

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@Warr87, Both of those positions exited on trail stops. I think you maybe using a wider trail stop whereas mine is 20% currently.

Ah, that makes sense. Mine is set for 40% on this system.

debtfree said:

From what I can see Skate was charged $19.95. Edit: Ahhh Sorry just noticed the Matched Buy Trade Brokerage of $10. Does everyone get this rate Skate or is it a rate you have negotiated?

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@debtfree that matching is a feature of "Share Trade Tracker" @ah13 quoted CommSec's commission rate & notice I had exited (IGL) & the sell value exceeded $1k thus an increase in brokerage that I have highlighted below. (The Action Strategy "Share Trade Tracker" configuration commission rate setting is hardcoded @ $10 & I've neglected to override the commission rate to $19.95)

Skate said:

@ah13, you are 100% correct. The Action Strategy "Share Trade Tracker" configuration commission rate setting is hardcoded @ $10 & I've neglected to override the commission rate to $19.95. Thank you for having an Eagle Eye & alerting me to update the portfolio & Monday's results..

Click to expand...

Skate.

Interesting that you're working on a weekly basis with a market this volatile. We saw a 4% swing just between morning & afternoon last friday iirc.

Thanks for the explanation though.

over9k said:

Interesting that you're working on a weekly basis with a market this volatile. We saw a 4% swing just between morning & afternoon last friday iirc.

Thanks for the explanation though.

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While we often disagree, i will second that one . .my daily system had stellar results vs weekly.
I much prefer weekly as a fit to my trading behaviour, psychology and lifestyle but when volatility is that high, our weekly systems have an handicap.a trend could break mid week very abruptly and using ema or ma whatever would expose us to the full SL extend
But as discussed a few months ago, this is where we need our GTFO trigger

I'm simply rebuying on every slump - no selloffs, just an increase in position.

over9k said:

Interesting that you're working on a weekly basis with a market this volatile. We saw a 4% swing just between morning & afternoon last friday iirc. Thanks for the explanation though.

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qldfrog said:

While we often disagree, i will second that one . .my daily system had stellar results vs weekly.

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Boxing in slow motion
@over9k, let me try to explain why I prefer trading a weekly system. My days in the boxing ring are now a distant memory but "if my opponent would fight in slow motion" I would still take on anyone. Your question about trading weekly versus daily allows me the opportunity to express my views as @qldfrog expressed his. Trading weekly is like boxing in slow motion, meaning you have time to "respond" when trading is not going your way. Trading on a daily time frame you are always "reacting" to price movements. Responding gives you time to think. So I make it one of my trading rules never react always respond. (it's one of my life rules as well)

Weekly versus a Daily system
There are merits trading in both time frames but for "me" I prefer trading a weekly system, it also reduces the workload & stress. There is always a robust discussion when Daily versus Weekly trading is raised. I'm a believer if it works for you, it's right for you. Posting my thoughts & actions keeps me productive & consistent in my messaging, hoping over time it will help others.

Exits are important
Admittedly after watching the extreme volatility this past few weeks the exit carries more weight than timing the entry. There is always robust banter when I raise the benefits of the "exit versus the entry". I consider the "exit" is more important than the "entry" when it comes to profitability as "exits" is where the money is made.

When others disagree
The "Dump it here" thread gives a perfect platform for others to express an alternative view rather than debating that one is better than the other.

The "Dump it here" thread is for the "exchange of ideas, not a contest of ideas".

Skate.

Oh I wasn't arguing - I used the word "interesting" for a reason. I genuinely wanted to know why.

Workload can be a b!itch.

I think this may be my first post on ASF, but have spent much time learning from ASF. Just wanted to say thankyou @Skate for sharing your experience and knowledge. It is something other successful (or self proclaimed successful) traders sell rather than give.

I myself have only developed a small number of systems, only 1 of which has progressed from paper to live trading in January (it took a 5% hit, and then hibernated until a couple of weeks ago). It is a simple daily Bollinger Band Breakout strategy that had a similar approach to your Weekly one (albeit maybe not as successful - time will tell).

The reason for raising this is that one of the gems I have learnt from @tech/a is the importance of knowing 'why' and 'how' a system generates its return.

After launching my strategy in January, just before the Great Toilet Paper Shortage of 2020, I was able to just punch in the necessary orders dictated by my system, without being concerned or second guessing it.

For those that prefer the science over the faith (or combination thereof), knowing the why and how, I believe can assist with mitigating the emotional bias.

For this reason I am enjoying following your Action Strategy (without actually trading it) as it is inspiring me to continue to further develop my own knowledge, and skills in developing systems.