Dump it Here

[silent1a]

"I'm weak" (Habits are hard to break)
I have a bad habit of spending too much time on the computer. To reduce the time spent on the forum I can use the "ignore" feature - while still retaining the ability to post. I'll try it for a week or so (as the feature can be turned on & off)

It may or may not be intentional but ignoring someone not only removes posts from someone you've ignored but also removes your own post from being seen by the person you ignored.
So ignoring applies both ways even if you were only trying to unsee the person's posts.

 

[Skate]

Time in the markets (Investing & trading)
Trading is "timing the market" - whereas investing is the "time in the markets".

Trading
Trading is about buying & selling for short-term profit, by capitalising on price movements. Traders jump in & out of the market within weeks, days, even minutes, with the aim of short-term profits. Traders buy & sell focusing on technical factors rather than a company’s long-term prospects. Trader's main focus is how they can profit from the price movement. Trading involves a lot of work, as it's constantly buying & selling positions in the hope of making a profit.

Skate.

 

[Skate]

It may or may not be intentional but ignoring someone not only removes posts from someone you've ignored but also removes your own post from being seen by the person you ignored.
So ignoring applies both ways even if you were only trying to unsee the person's posts.

Duly noted
Being on the forum constantly consumes a lot of my time. Using a two-way ignore allows me to focus on more important things. I have only placed on ignore those members I like to read (who are seasoned traders). My educational posts are not directed at them & add no value to their trading. Beginners tend to read "lurking" in the background & rarely contribute (a win-win scenario for me at the moment)

"I'm weak" (Habits are hard to break)
I have a bad habit of spending too much time on the computer. To reduce the time spent on the forum I can use the "ignore" feature - while still retaining the ability to post. I'll try it for a week or so (as the feature can be turned on & off)

Skate.

 

[Skate]

Investing
Investing is about buying for long-term gains & associated dividends. Trading & investing both seek to profit from being in the markets for differing lengths of time, but their goal is the same "handled" in a different way. Investors have a longer-term outlook. Investors think in terms of years & often hold stocks through the market’s ups downs. Holding through tough periods has advantages by not crystallizing losses from knee-jerk reactions.

Skate.

 

[Skate]

Summary – Trading versus investing
Trading constantly buys & sells positions to keep a portfolio full, while an investor fills their portfolio with long-term positions. A trader buys & sells the fluctuations of the market while an investor holds through these fluctuations.

Emotions of being in the markets
Trading is more emotional & requires more effort as you a constantly seeking to ride the trends whilst timing the exit. I should also say - the workload depends on the trading periodicity of the strategy. Investing (for the long-haul) is more of a “buy & hold” & not a (set & forget) strategy. The gains from "actively trading" at times can be volatile with the performance returns of the strategy mimicking that volatility. Investing over an extended period smooths the equity curve that emotionally easier to handle. (Charts to follow to demonstrate the volatility)

Skate.

 

[Skate]

Equity Chart
Traders' equity curve compared to an Investor's equity curves can at time vary in performance & returns because of the Index selected. Investing can have a smoother equity curve as investing is not subject to the stress traders face. I'm posting two of my actual equity curves to differentiate between them. The historical trading performance is for a short period. (26 weeks & 40 weeks respectively)

The "HappyCat Strategy" (Trading Portfolio)
The "HappyCat Strategy" has been trading for 26 weeks & initially showed promise but of late it's been mimicking the fluctuations of the markets. Both @qldfrog & @peter2 have posted about their trading during this period & mostly with (negative comments). There is absolutely nothing wrong with the "HappyCat Strategy" - it's just struggling at-the-moment as most trend systems are. @ducati916 has mentioned more than once "why" they are struggling in his thread.





The "Bee Strategy" (Investment Portfolio)
It should be noted that the "Bee Strategy " started life back in March 2020 (just after the COVID flash crash). The equity curve below is this "financial" year - the results are from 1st July 2020 to the present (40 weeks). The "equity curve" of this portfolio is smoother, being less stressful to handle (as your emotions are not being "jerked" by the volatility of the markets) Also the difference between the portfolio is driven by the index selected. (ASX20 compared to the All Ordinaries)



Skate.

 

[willoneau]

Hi Skate , qldfrog is unable to read your posts, is he on your blocked list?

 

[Skate]

Hi Skate , qldfrog is unable to read your posts, is he on your blocked list?

@willoneau I have put only a small number of members on "ignore" - those who I enjoy reading. I'm drawn to their posts as "a moth is to a light bulb".

Being on the forum constantly consumes a lot of my time
Using a two-way ignore allows me to focus on more important things. Those members on "ignore" are seasoned traders & my educational posts would have little value to them. Beginners tend to "lurk" in the background & rarely contribute (a win-win scenario for me at the moment) - BTW, they can still read my posts as usual.

I'm still posting
The ignore feature gives me more time to do other things. The "ignore feature" doesn't stop me from posting when I have something to contribute.

The "ignore" is for my benefit only
My "ignore" list "doesn't reflection of any individual member" but a tool that gives me a bit of respite from the forum. Those on my ignore list wouldn't miss my posts anyway.

Skate.

 

[willoneau]

I think qldfrog enjoys reading your posts.
he carn't read your posts.

 

[qldfrog]

all Mr Skate's entries are now gone from threads, even this one: I believe the same applies to @peter2 and @ducati916
So as I noted before and as @silent1a mentioned:

It may or may not be intentional but ignoring someone not only removes posts from someone you've ignored but also removes your own post from being seen by the person you ignored.
So ignoring applies both ways even if you were only trying to unsee the person's posts.

Damned..

 

[Newt]

So this thread popped up yesterday (or that's when I first saw it) https://www.aussiestockforums.com/threads/recs-from-aussie-stock-forums.36146/#post-1116060

Mr Skate wanted an option to opt out. He considered it 'spam'.

Long story short: it seems whatever was agreed/not agreed, resulted in Mr Skate asking for his posts to be deleted and he has left the forum.

jog on
duc

Thanks Duc, had missed all that. Appreciate the heads up.

Qldfrog, Skate did say he'd try ignore for a week or so. Agree with all, would be a shame to never get the chance to chat again.

 

[MovingAverage]

all Mr Skate's entries are now gone from threads, even this one: I believe the same applies to @peter2 and @ducati916
So as I noted before and as @silent1a mentioned:

Damned..

Don't take it personally, I must be on his ignore list too

 

[MovingAverage]

I just viewed this forum as a guest so I could view @Skate 's posts.

I was disappointed to read in one of his recent posts that he believes those on his ignore list (me included) are seasoned traders and he thinks his posts are of little value to those people anyway. Come on @Skate, you don't honestly believe that do you? Personally, I'm just a humble old retail hack and I'm a rank amateur at best and have learnt a lot from your posts. #unblockyourfans

 

[qldfrog]

I was disappointed to read in one of his recent posts that he believes those on his ignore list (me included) are seasoned traders and he thinks his posts are of little value to those people anyway. Come on @Skate, you don't honestly believe that do you?

Same here, i am definitively not a seasoned or experienced trader.in my dream only.i churn buy/sell by the thousands and am happy if i get a few % positive return :-(
A win rate of 40% and i am on the moon and managed to wipe half of my profits in a 1 month period without crash last 2 months....
If this is being successful, i am better off buying the index and enjoying netflix in the evening.still in learning mode?

 

[qldfrog]

Noted this:
"The "HappyCat Strategy" (Trading Portfolio)
The "HappyCat Strategy" has been trading for 26 weeks & initially showed promise but of late it's been mimicking the fluctuations of the markets. Both @qldfrog & @peter2 have posted about their trading during this period & mostly with (negative comments)."

Juggling with anonymous access, I retrieved that part..
to clarify, I do not believe @peter2 or myself have either made comments on the happy cat or received negative views on our own fledging systems? We both had some negative weeks (mostly me.... ), but that's life and the only reason I stopped Happy Cat voluntarily was to try to fly on my own.
I actually benefited $ wise from the Happy Cat learning, which will refloat my own failures trials.
Being a fiercely independent spirit and wanted to be sure I was not 'parasiting' Mr Skate's system, it was time to stoponce I gathered enough learning, experience and data for future development.
Hoping there is no misunderstanding there

 

[Skate]

Both @qldfrog & @peter2 have posted about their trading during this period & mostly with (negative comments).

@qldfrog, I was simply referring to posts made by yourself & @peter2 about the current lacklustre trading performance. The reason Peter gave - "the markets are going sideways"

I do not believe @peter2 or myself have either made or received negative comments on the happy cat?

If you read my post again - that assertion was never made or implied.

Skate.

 

[pozindustrial]

@qldfrog, I was simply referring to posts made by yourself & @peter2 about the current lacklustre trading performance. The reason Peter gave - "the markets are going sideways"



If you read my post again - that assertion was never made or implied.

Skate.

Can we please give @Skate some peace for a bit? Being of similar age I know it can be energising to lighten the load occasionally. I want him around when I return to learning about trading. ?

 

[Skate]

I've recently made a post about my "Bee Strategy" a strategy that buys "mispriced securities"
The parameters of the "Bee Strategy" combined with a "string" of stringent buy conditions (trading ASX20 Index) - the signals have been few & far between.

A simple remark
@ducati916 made an observation about the "Bee Strategy" recent purchase of (NCM) making the remark - "Ok, now you have me really nervous. I simply don't have time to go deeply into the financials"

Dump it Here

@qldfrog I've used both (TSI) indicators with success combing an "AND" & "OR" statement annexed to the buy condition. Using both indicators reduce false breakouts of forming trends. A simple line of code Using the zero-line of the "True Strength Index" (TSI) oscillator has strong trading...

www.aussiestockforums.com

Duc's remark made me nervous
I've checked each & every line of code of the "Bee Strategy" & I'm unable to fault the methodology behind the buy signal. The buy signal for (NCM) seems to be sound even if Duc financials didn't agree.

@ducati916 has been active on the thread recently & passed on a few "gems". "The Ducati blue bar strategy" has the uncanny ability to pick some great moves. I've recently posted about "The Ducati blue bar strategy" & the "Duc Indicator" both brilliant ideas.

How accurate is the "Bee Strategy"?
I've posted a few times that "The Ducati blue bar strategy" has an uncanny ability to pick some great moves. Since Duc had reservations, I've dragged the "Ducati blue bar strategy" out of hibernation & checked for signal comparison. The weekly "Bee Strategy" generated a signal for (NCM) on Friday the 19th March 2021 for a "buy at the open" on Monday 22nd March 2021 - whereas "The Ducati blue bar strategy" generated the buy signal one week later - 26th March 2021. (the signals are close enough)

Summary
As "The Ducati blue bar strategy" first buy signal of (NCM) on 17th April 2020 was a profitable trade - I'm hoping for the same results this time around. I should say from the onset that the "Bee Strategy" didn't generate the same signals for the (17th April 2020) due to the parameter setting & buy conditions of the strategy - that I've previously mentioned.



For the record (NCM)
I have made 4 additional purchases of (NCM) since reporting the first buy on the 22nd March 2020, & I'm sure it won't be the last.

FYI
Any purchase when the lower ribbon is "Blue" is considered to be a good purchase.

Time will tell
As a systematic trader, we have "one job" & that job is - "to take the signals when they come".

Skate.

 

[Skate]

When all sectors are falling inc bonds and PM, it is not a good sign - Time will tell if this was an alarm light switching on. The easiest way to handle this is either to be able to stomach it or just not reading intra week status

In trading, frustration is a common emotional response
Frustration leads to anger & you can be "annoyed & disappointed" at the same time. @qldfrog frustration has simply been caused by the current trading conditions outside of his control. Frustration & financial pain can at times have a positive effect by crystalizing our focus on the cause of frustration rather than the frustration itself.

There are a few scenarios in play
Temporary frustration is the easiest to handle by "accepting" it will soon pass. Built-up frustration needs a different approach by doubling down to find an effective response. Emotions have little value & at times they can be your worst enemy.

AFAIC
All the emotion you experience when trading is normally associated with losing money - attributed to factors beyond your control. Although, frustration can “bubble to the surface” due to laziness, or annoyance of not having a profitable strategy (who knows)

What I do know
Frustration left unchecked or uncorrected will fester out of control making you "react", rather than respond. In trading, reacting to a situation or an emotion usually is associated with a poor outcome.

Skate.

 

[Skate]

What a difference a day makes
Recently, I've been making comments about how frustration can creep into your trading - when we are on the losing side that is. It's a perfect time to remember that trading is not always a bed of roses, losing days/weeks & heaven forbid even a few losing years are inevitable. Even after you have managed to trade successfully, you will still take your hits no matter how smart you are, & frankly, there is nothing we can do at times to prevent it. Very few people really succeed at this game as the learning curve can be a stretch too far & hard to implement.

Staying disciplined & frustration-free is hard
To a great degree, our success or failure in the market is a function of our luck. We like to think that our results are a direct consequence of our insight and efforts, but the reality is that luck plays a big part in how we do. Even when you are skilled at trading at some stage you will experience financial pain & frustration. Pure & simple, good traders "are calculated risk-takers".

Skate.