Dump it Here

[Skate]

Wow...straight back in with the boot ehh...

...someone needs to get on with their own life

@Nick Radge you are wrong, I'm not putting the boot in whilst you are down but rather highlighting information that I wish you to comment on. My first post was in response to your Twitter Request, with information that helps me in my trading.



My series of posts today
My posts display my results & I'm merely bringing to your attention information about your posts that I find hard to correlate or even make sense of. This is not "Radge Bashing" but constructive critique about what you post & your trading results. If you only traded what you post on Twitter I'm sure you wouldn't be underwater as the information & results are impressive.

Skate.

 

[Skate]

Yes, I can explain. Its very simple actually

Well if I'm interested so would other
This is your business & this forum gives you the right to correct any information or post that is not a correct representation of the facts. So please explain why the discrepancies between all the backtests you keep uploading to your website. They don't make sense to me & I'm sure someone contemplating purchasing a "TurnKey Strategy" would be buying on the information you supply to make their decision.

Skate.

 

[Skate]

How has the WTT Strategy performed this calendar year (2023)?
@Nick Radge I have the WTT Strategy down (-45.36%) which is pathetic & I'm sure it's not the results you are achieving. But then again, with the losses you sustained from your trading last year & this year, it just may be accurate.

Here is a challenge
Would you please be kind enough to upload a corresponding backtest from the official WTT Strategy with signals & trades so I can verify them?




Skate.

 

[Skate]

Another Question
This year (2023) you experience good returns only to go backward quickly. Whereas the "Percentage Up" filter kept me safely in profit. Can you explain how you got it so terribly wrong (in my opinion)? There have been others suggesting to you stop digging if you don't like being in the hole you are digging for yourself. To me, you seem to have a closed mind when helpful comments are raised & at times get nasty & defensive.

Remember
@Nick Radge when you asked the question on Twitter "how could this guy (insert occupation) give me trading advice" only to be berated & put in your place sharply & quickly with a multitude of replies. I was not surprised you quickly took down that Twitter post with so many negative comments.

Skate.

 

[InsvestoBoy]

How has the WTT Strategy performed this calendar year (2023)?
@Nick Radge I have the WTT Strategy down (-45.36%) which is pathetic & I'm sure it's not the results you are achieving. But then again, with the losses you sustained from your trading last year & this year, it just may be accurate.

Here is a challenge
Would you please be kind enough to upload a corresponding backtest from the official WTT Strategy with signals & trades so I can verify them?


View attachment 154749

Skate.

I paid the $10 or whatever on Amazon to get the WTT book a few years ago so I know how the system works as opposed to what you have described as your version.

Can you post some (or all) of the 21 trades from the above screenshot?

 

[Skate]

Can you post some (or all) of the 21 trades from the above screenshot?

Skate.

 

[Skate]

Clarification to the previous post
I'll post the chart of the worst & best results from the trade list above. It should be noted that out of 6 open positions only one (NCM) is in the green.

Worst Position (MLX)




Best Position (NCM)



@InsvestoBoy I'm sure @Nick Radge or someone who has purchased the "TurnKey Strategy" will correct me if I'm wrong. If I'm wrong Nick or another member will have great delight in correcting me if I'm off the mark. Trading the WTT strategy over the last 12 months goes a long way in explaining the losses some are experiencing at the moment.

Another backtest
The backtest is from the 1st of January 2022 to today.



Converting the Dollar losses to percentages
The Dollar loss quoted on Nicks Twitter account would be in the range of 28% to 33% on my calculations of the size of his trading account

Skate.

 

[InsvestoBoy]

CYM - no signal
RFG - yes, loss on this is worse than what you show
FCL - no signal
MAD - yes, your loss is a bit worse than what I see
MLX - no signal
SPT - no signal
GRR - no signal
MGX - no signal
PNV - no signal
NXL - yes, profit on this is a bit better than what you show
OBM - yes, dunno why you exited this, should still be long
EVN - no signal
BHP - stock is > $10, WTT doesn't trade >$10 stocks
EXP - yes
SUL - yes, should still be in but close to getting stopped out, dunno why you exited
WEB - yes, dunno why you exited this, should still be long
WGX - no signal
FPH - stock is > $10, WTT doesn't trade >$10 stocks
PMV - no signal
NCM - stock is > $10, WTT doesn't trade >$10 stocks
STX - no signal


That said, I wrote my own code based on the rules in the book, so it might not be identical to what's in the turnkey system *shrug* but I wouldn't have considered most of these valid trades.

The Dollar loss quoted on @Nicks Twitter account would be in the range of 28% to 33% on my calculations of the size of his trading account

You are conflating his portfolio with WTT which is just 1 of several systems he trades.

 

[InsvestoBoy]

How has the WTT Strategy performed this calendar year (2023)?
@Nick Radge I have the WTT Strategy down (-45.36%) which is pathetic & I'm sure it's not the results you are achieving. But then again, with the losses you sustained from your trading last year & this year, it just may be accurate.

Here is a challenge
Would you please be kind enough to upload a corresponding backtest from the official WTT Strategy with signals & trades so I can verify them?


View attachment 154749

Skate.

Keep in mind that aside from a price filter there is also a volume filter...I dunno how many of these stocks would show up in the volume filter because I didn't bother coding it.

 

[Gringotts Bank]

On the topic of composite indices, this is mine. Play around with it and share your results. Mine isn't great, but big spikes in the composite (red line) predict the major lows.



IBS = (Close-Low)/(High-Low);
ibs_sig = IBS>.6;

up = ROC(C,1);
hiup20 = HHV(up,20);
upski = up > 1.5*Ref(hiup20,-1);

Filter = V*C>500000 AND ibs_sig AND upski AND C>o;
buy = 0; // do not generate signals
AddToComposite( filter, "~MyComposite", "V" );

graph0 = foreign("~MyComposite", "V");
_SECTION_END();

 

[Skate]

On a positive note
It appears @Nick Radge has had some comments regarding his Twitter post. There have been some ideas that he will check against his base system. Hopefully, the "Percentage Up" Filter is one of them.



Skate.

 

[Skate]

Buying & selling positions
As traders, our ultimate goal is to make a profit. One way to achieve this is by identifying breakouts in the market. Breakouts occur when the price of an asset suddenly moves, often due to an event, known & unknown. To capitalise on a breakout, traders must act quickly as they don't always last for long.

Take-profit stops
This type of stop is an effective tool that allows traders to capture profits while they are available. Failing to secure profits risks being left behind by other traders who are quick to react. To succeed as a trader, it's essential to develop a sound strategy based on quantified data & optimized indicators that only allow you to take positions only when market conditions are optimal.

Skate.

 

[Skate]

Trading is highly competitive
Traders constantly compete against each other to make money. The markets are primarily driven by human emotions, making them unpredictable & creating market inefficiencies that other traders can exploit. As a result, only a small percentage of traders consistently achieve success.

Don't be fooled by a backtest
While some strategies may show superior returns during backtesting, it's still possible to achieve good & consistent returns by using the right approach. The key to success is to remain disciplined, focused, & always be on the lookout for new opportunities in the market. Learning never ends when the markets are ever-changing.

Traders must constantly adapt to stay ahead of the competition
This involves using data to make informed decisions about when to buy & sell positions. Additionally, traders must employ common sense when analysing the market to identify inefficiencies & exploit them to their advantage. Forget the backtest returns as the backtest metrics tell a more informed story.

Skate.

 

[Skate]

Using a "Take-profit stop" is an effective tool
As trading has changed somewhat, I didn't reinforce the importance of capturing & pocketing profits while they are available. Failing to secure profits risks being left behind by other traders who are quick to react. I haven't done enough research, to explain precisely why prices will fall after hitting this type of "Take Profit Stop", but there is a distinct correlation. (Charts to follow)

Successful trading is largely the art of selling
Buying a stock is easy. It is determining when to cut our losses or when to take our profits that is the hard part when it comes to trading. Because it is so hard to determine when it is the right time to sell, many just don’t do it. Successful selling needs to be timed. The two-timing method that I use in my trading is applying both, a "Take Profit Exit" as well as a "Stale Stop Exit".

Simple but very effective
As traders, we trade for profits & when the price hits a profit level, I grab it. When a position is not performing as expected or stagnating due to the lack of momentum, I'm out.

Skate.

 

[Skate]

I haven't done enough research, to explain precisely why prices will fall after hitting this type of "Take Profit Stop", but there is a distinct correlation.

Chart examples
I'll post a few "Take Profit Stop", that at times will also display a "Stale Stop Exit" on the same chart as below. Both exits are effective in their own unique way. Both are easy to code & adapt to any strategy.







Two "Take Profits Exits" on the one chart
Both "Take Profit Exits" are displayed on the same chart. After taking the first "Take Profit Exit" the price falls away. Even when you exit you can re-enter when your buy conditions are again met. Jumping on & off position is referred to as "Timing the markets"




Simple but very effective
When the price hits a profit level, I grab it, otherwise, someone else will.




An example of a "Stale Stop Exit"
In this chart "Blind Freddy" could determine that this position has not performed as expected & was stagnated due to the lack of momentum, which means I'm out. After exiting the momentum dropped away. "Timing" in this game is the decider of how well your trading strategy will work over time.




Skate.

 

[Skate]

It's very frustrating trading the ASX market while it drifts lower. It seems that retail and insto traders are trying to find pockets of bullish sentiment only to be disappointed by the lack of follow through. I think they're accumulating lots of losses. It seems a good time to do nothing and conserve cash.

The ASX has been trending lower since the start of Feb. Even high probability setups will fail if they are against the market trend. Of course anyone can look back in hindsight and blah, blah. But where are you now? Take profits (if they hit target) and re-evaluate.

Words from two respected traders
I've been trying to catch up on a few posts & found two comments that reinforce my series of posts yesterday about why it's preferable to trade when the market is trending in an upward direction & cease entering new positions when the markets are trending lower.

The ASX: XAO (All Ordinaries)
Timing when to enter the markets (take positions) in up trends tends to be more profitable than not. It's logical to buy when the markets are advancing rather than when they are declining.



Skate.

 

[Skate]

Timing is a crucial factor when trading
Entering the markets at the right time can be more profitable than not, as it allows us to capitalise on market upswings and avoid significant downturns. Therefore, it's essential to have a sound understanding of market trends & indicators to make informed trading decisions.

Buying when the markets are advancing, rather than declining, is a logical approach
When the market is in an uptrend, there is a higher likelihood of making profits. However, this approach requires discipline & a willingness to stick to a long-term trading strategy.

It's worth noting that timing the market perfectly is incredibly challenging, if not impossible
Market fluctuations are unpredictable, & even the most experienced traders make mistakes. Therefore, it's crucial to have a solid strategy that can withstand market volatility.

Skate.

 

[Skate]

Timing is undoubtedly a crucial factor in trading
However, it's also essential to have a sound entry condition or buying strategy, coupled with a well-defined exit strategy, to take full advantage of the timing mechanism with a long-term approach.

Trading is all about getting in & out of positions
A sound entry condition includes analysing market trends identifying potential entry points, & executing trades at the appropriate time. Equally important is having a sharp sell condition or exit strategy, which involves setting clear profit targets & stop-loss levels to exit the trade if it moves against us.

Skate.

 

[Skate]

Staying ahead of the curve
By adapting to change, we can implement a sound & tested timing method that helps us make the most of market upswings & minimize the impact of downturns. This requires ongoing learning, research, & analysis to stay ahead of the curve by improving our knowledge & skills, to increase our chances of achieving our trading goals.

Trading is a continuous process
It's essential to be patient, stay disciplined, & remain focused on our trading goals. By following these principles by continuously improving our knowledge & trading skills, we can achieve our financial objectives & build a successful trading portfolio.

Skate.

 

[Skate]

History tends to repeat
The saying "history tends to repeat" implies that events in the past are likely to happen again in the future. While there may be some truth to this, it's important to recognize that we can break the cycle of repetition by changing our actions & behaviours.

The markets are ever-changing
Repeating the same actions & expecting different results is a clear sign of irrational or illogical behaviour. For instance, if you persistently follow the same trading strategy, hoping for a different outcome, it's highly unlikely to happen. Instead, we must be willing to adapt to new circumstances & try new approaches when our current methods aren't working.

Skate.