Dump it Here

[qldfrog]

The trend in much of the Tech. stuff currently would have loaned itself nicely to Mr Skate's system. From the bottom, its gone what, 100%+? I don't really know what the ASX has done, probably not that sort of return. Also where Mr Skate wants to place larger bets relative to ASX liquidity and has market moving issues, in the US that's like throwing a pebble in the ocean. You can have fills with zero slippage.

Re. ETFs, correct EMQQ as an example (which we hold) has the returns, without the single stock risk. XLK another index (Tech) that provides the returns (currently) without single stock risk. You also avoid issues during earnings. There are probably as many ETFs as there are listed ASX stocks. You'll never run short of candidates. Also, lots of inverse ETFs which allow a short strategy without the risks of actually shorting the market.

Also far easier to hedge: either via inverse ETFs or Options.

jog on
duc

I know, so tempting, i tried the etf way on the asx but offer is too few
And even one system strategy i play here would be much better on the us market.i am under no illusion there is a fair amount of work and testing required and more tools: i do not subscribe to northgate data US updates yet
I see that as my next step
Still system centric in niche markets(realms) within the NYSE
Let's not talk again inn a couple of months years...

 

[qldfrog]

I know, so tempting, i tried the etf way on the asx but offer is too few
And even one system strategy i play here would be much better on the us market.i am under no illusion there is a fair amount of work and testing required and more tools: i do not subscribe to northgate data US updates yet
I see that as my next step
Still system centric in niche markets(realms) within the NYSE
Let's not talk again inn a couple of months years...

Apologies for the mangled last sentence... let's talk again in a few months years

 

[Skate]

Skate.

 

[qldfrog]

to note that while the market was basically flat, the Action system performed very well
Well done

 

[Skate]

Skate.

 

[Saqeeb]

Week 23 update on my MAP paper trading portfolio.
My paper portfolio saw some good gains this week along with the Skate's Action Strategy that I am following. This portfolio gained $1,604.00, which now brings my drawdown to -4.5%.

Next week's buys:
Plenty of buy signals, however, I will only need one to replace a sell that has hit my trail stop.

Next week's sells:
PPH, this is a trailing stop exit.

 

[Skate]

I have a new strategy
The HappyCat Strategy has now completed the "development stage" & is due to be paper traded till 30th December. I made a quick comparison to the "Action Strategy" & posted the trading results of the "HappyCat Strategy" below as a measure between the two. There is no correlation of signals which is a bonus & on face value the "HappyCat Strategy" looks the goods.

Gold Happy Cat
On my last visit to Japan, I picked up a Gold Happy Cat (Gold = wealth and prosperity)

The "HappyCat Strategy" is a pure Momentum Strategy
Momentum shifts the share price, "that's a given". Our decisions when to enter & when to exit a move really determines if we are to be profitable in the long run. I've calculated the momentum over a period from bar to bar as the entry signal. The exit signal is the reverse of the entry condition.

Momentum is either on or off
Momentum trading is simply trading the trend using the "momentum effect". The strategy works on the principle that momentum is either on or it's off there is no middle ground. Additional setting & parameters assist in the fine-tuning. The secret of momentum trading is the ability to filter out the false signals.

The "HappyCat Strategy" below is for the comparison in relation to the "Action Strategy"






The "Action Strategy" below is for comparison in relation to the "HappyCat Strategy"





I'm unsure
I'm at a crossroads whether to:
(a) conduct the paper-trading in the "Dump it here" thread & report weekly as per the "Action Strategy"
(b) if so, do I keep trading the same period as the "Action Strategy" or
(c) do I start fresh from tomorrow as the generated signals are below (so there is no fudging)
(d) No interest at all

Tomorrows signals


Running a second strategy might be confusing (20 x $1,000 positions portfolio)
1. If there is any interest I would appreciate some feedback for (a), (b), (c) or (d)
2. If there is little interest, I will conduct the "paper-trading" process without reporting & clogging up this thread.

FYI
If the strategy performs it will be traded in the new year.

Skate.

 

[Beaches]

I would certainly like to see how this one plays out as momentum is a significant component of my trading decisions.

I think the different logos will differentiate each of the systems sufficiently so that there should be no confusion.

 

[Skate]

I would certainly like to see how this one plays out as momentum is a significant component of my trading decisions. I think the different logos will differentiate each of the systems sufficiently so that there should be no confusion.

The other dilemma
Should I restrict the position sizing to $1,000 (as per the “Action Strategy”) or something more realistic. Restricting bet sizes to under $1k doesn’t allow for rebalancing. Rebalancing & pyramiding position sizes is a powerful tool that I utilise.

Skate.

 

[tinhat]

The other dilemma
Should I restrict the position sizing to $1,000 (as per the “Action Strategy”) or something more realistic. Restricting bet sizes to under $1k doesn’t allow for rebalancing. Rebalancing & pyramiding position sizes is a powerful tool that I utilise.

Skate.

Save your own soul.

 

[tinhat]

if that's what matters

 

[Skate]

Save your own soul.

@tinhat , your tag needs to be corrected as:

“All lives matter”

Skate.

 

[Beaches]

Make it simple and more realistic for yourself and trade as you usually would. The additional brokerage percentage is irrelevant for a test run and you can easily calculate a reduced percentage of brokerage at the conclusion of the trial to reflect the results of using a larger bank.

For anyone that wanted to trade along, they could open a Selfwealth account as it has a flat $9.50 fee for all trade amounts which would keep the brokerage percentage manageable.

 

[peter2]

I'm impressed by your productivity @Skate .

If the HappyCat System is one you're considering using in the new year then I'd suggest using a portfolio size that is closer to the one you intend to use (if the system proves itself going forward).

The Action Strategy is being demonstrated in real time for those who are new to system trading. IMO it's been a valuable real time demo of how to trade a system professionally with a small starting capital.

Your headings make it very clear as to what topic you're addressing in each of your posts.

IMO @Saqeeb should transfer and continue his weekly MAP reporting in his own thread in the Trading Diaries/Journals thread. In this way any discussion with Saqeeb won't clutter this thread. This thread should remain as essential information for new traders showcasing Skate's systems and the benefits of a fully professional approach to trading.

 

[frugal.rock]

Brilliant Skate.
Would love to see;
a)
c)
Position sizing, rebalancing, pyramids of giza etc all up to you.
It's all magic ninja arts... love the happy cat pic.
Saw a (Buddha?) in a butcher's the other day, the budha had a chopping knife waving...
Am considering starting a Amibroker for Beginners thread to see if people can help me bumble through some (what should be) basic stuff....

 

[Skate]

If the HappyCat System is one you're considering using in the new year then I'd suggest using a portfolio size that is closer to the one you intend to use (if the system proves itself going forward).

Ok, that's sorted
1. The HappyCat Strategy will be a 20 position portfolio, position size (bet size) will be $15k as it allows pyramiding.
2. I'll keep the start date "as is" & change the bet sizing so both strategies (Action & HappyCat) run side-by-side (if that's ok)
3. The format below (displaying all the weekly signals) might help others understand why the positions have been selected (half the fun is trying to work out why)
4. The "Exit Strategy" should also be different to most as it's the reverse of the entry

Tomorrows signals
The strategy needs 2 positions so the first two positions in the Exploration Analysis being: WGO & PLS will be included




This is the full list of signals from the get-go
I'll update the "HappyCat Strategy" with the correct position sizing tomorrow.



Skate.

 

[Skate]

Brilliant Skate.
Would love to see;
a)
c)
Position sizing, rebalancing, pyramids of giza etc all up to you.
It's all magic ninja arts... love the happy cat pic.
Saw a (Buddha?) in a butcher's the other day, the budha had a chopping knife waving...
Am considering starting a Amibroker for Beginners thread to see if people can help me bumble through some (what should be) basic stuff....

@frugal.rock, I just read your post & thank you for your input. I've decided on (a) & (b)

Why?
So there will be a direct comparison with the "Action Strategy" the bet sizing is different but the percentage of the returns should be comparable.

The "HappyCat Strategy"
There will be a difference between reporting between the "HappyCat Strategy" & the "Action Strategy". The Action Strategy displays only the positions purchased over the weekend. Whereas the "HappyCat Strategy" will display all the buy & sell signals at the end of the week & before the opening of the markets on Monday. It should be educational to try & figure out why the "buy & sell" signals were entered. Also, others will see how I pyramid my position sizing as it's included in the coding parameters.

Skate.

 

[Skate]

Rebalanced position sizing applied
Each position size has been rebalanced weekly & the HappyCat Dashboard reflects the position size changes



How is the position size calculated
1. The portfolio holds 18 out of 20 positions as per the Share Trade Tracker Dashboard = (open positions 18)
2. Available "Cash Balance" as per the Share Trade Tracker Dashboard = $32,986
3. $32,986/2 positions = new position size ($16,493)
4. The new bet size = $16,493 (reflected in the Exploration Analysis)
5. The number of shares to purchase in the pre-auction (inclusive of the 3% premium) is displayed

There are 2 Positioned required
1. As there are two positions required to complete the portfolio the first two positions are placed in the pre-auction.
2. The buy position is good for a day (only)
3. Prices are not chased - both positions WGO & PLS will be settled at their maximum price or under
4. The #shares being purchased are fixed & are not flexible
5. If the price Gaps above our offer & never retraces during the day we will pass on that position.


2 Buys
WGO - 91,627 shares @ $0.18 (as per the Exploration Analysis)
PLS - 44575 shares @ $0.37 (as per the Exploration Analysis)




This brings the portfolio up-to-date
It should be noted that the floating position size started out at $15,000 position size (the original bet size) & has increased weekly. The last two buys have now increased to $16,493 the new "bet size"



Skate.

 

[martyjames]

following with interest -thanks Skate for the ongoing education

 

[Skate]

Skate.