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I am not into POO jokes at my age
 
Captain_Chaza said:
I am not into POO jokes at my age
Click to expand...

@Captain_Chaza, the post wasn't intended as a joke but rather to emphasise the crucial role of persistence in maintaining good digestive health and achieving success in trading. Just as our bodies adapt to changes in digestion, our trading strategies must also adapt to changing market conditions. It's easy to get discouraged when things don't go as planned, but persistence is key to overcoming obstacles and making adjustments that lead to better outcomes.

Skate.
 


Before this week profit has time to evaporate
As we approach the end of the week, it's important to remember that profit can evaporate quickly. Last week, both strategies were in profit, but before tomorrow's opening, I wanted to highlight this week's gain.











Skate.
 



I've been improving the "Dual Breakout Strategy" and am excited to share some positive developments. While the strategy was lacklustre at first, I slightly modified the "Percentage Up" buy condition parameters, which led to some promising improvements. With these changes, the strategy can now identify and capitalise on trends more effectively.

Below are the updated results of my "Dual Breakout - UPDATED" portfolio strategy, followed by the original results for comparison.

# Updated Strategy Results




Original Strategy




# Updated Strategy Results




Original Strategy




# Updated Strategy Results




Original Strategy




# Updated Strategy Results




Original Strategy



Updated comparisons
When making changes to an ongoing paper trading exercise, it's important to remember that the damage that has already been done in the original exercise cannot be undone. Any strategy worth its salt should be able to adapt and recover from the losses that have already been incurred. By comparing the results of the original exercise to the updated version, we can see how the changes have impacted the strategy's performance and make informed decisions about future adjustments. By using paper trading to test and refine the strategy, we can ensure that they are robust and effective in the real world.

Skate.
 


The Pressure Strategy
I have been focusing my efforts on refining and enhancing the "Dual Breakout Strategy," and as a result, I have not had the opportunity to revisit the "Pressure Strategy" which has been performing well. Given the limitations of my time, I will continue to prioritise the development and updates of the "Dual Breakout Strategy" on an ongoing basis. While the "Pressure Strategy" will not be updated at this time, I may revisit it in the future to assess its performance and potential for improvement as a stand-alone exercise.

Skate.
 
I think I Should /Maybe Get out of some of my investment in WC8
So Far So Good
~40 x (or 4000% on WC8 is getting very hard for me to Hold
Do you think I should sell a few? LOL!

What would Your Robot / A.I Say? about this
 
Captain_Chaza said:
I think I Should /Maybe Get out of some of my investment in WC8
So Far So Good
~40 x (or 4000% on WC8 is getting very hard for me to Hold
Do you think I should sell a few? LOL!

What would Your Robot / A.I Say? about this
Click to expand...

Take Profit Stop
@Captain_Chaza, I understand your concern about the profitability of your investment in WC8. Setting a take profit stop can help you lock in profits while still giving you the opportunity to participate in potential further upside.

System Trading
Keep in mind that "System Trading" can automate this process for you, executing trades based on predefined rules.



Skate.
 

With Great Respect and Lots of Love
I cannot fathom why there is so much RED in your Ribbon Chart and a miniscule of GREEN in a " Poseidon like" Performance
Something is Wrong!
 
Captain_Chaza said:
With Great Respect and Lots of Love
I cannot fathom why there is so much RED in your Ribbon Chart and a miniscule of GREEN in a " Poseidon like" Performance
Something is Wrong!
Click to expand...

The ribbon has no relationship to the individual stock being displayed on the chart
@Captain_Chaza, the ribbon at the bottom of the chart provides a quick visual cue of the overall condition of the All-Ordinaries Index in relation to the buy filter parameters.

The ribbon is green when the "buy filter" is true, meaning that a majority of stocks in the XAO index are trading above a certain level, which is a sign to me that the XAO is bullish and "buy signals" can be generated.

Conversely, when the ribbon turns red the "buy filter" is false and no "buy signals" can be generated with no restrictions in generating sell signals.

# The ribbon changes colour according to the "buy filter parameters" in relationship to the All-Ordinaries Index and nothing else.



Skate.
 
Captain_Chaza said:
All I am Saying is
Why have it at all if it such a lot of meaningless information?
Click to expand...

@Captain_Chaza, I understand your point, but I'd like to clarify that the information displayed on the chart is not necessarily meaningless.

When the "Buy filter" is true the chart displays a visual representation of this. The other colours on the chart tell a story such as the colour of the price bars, and the colour of the trailing stop. Even the colour of the exit arrows provides valuable information about why the exit is being executed.

Having this colourful information displayed visually, it's easier for me as a trader to quickly identify important details.

Skate.
 
Does anyone know what has made the price spike? I've looked at press releases and seems total speculation on not very much info of late.
 
TimeISmoney said:
Does anyone know what has made the price spike? I've looked at press releases and seems total speculation on not very much info of late.
Click to expand...

@TimeISmoney, unfortunately, there were those who took advantage 3 days before the official announcement on the 23rd of October 2023.

It turns out that Wildcat Resources has been working on a lithium exploration project in Western Australia, and the results are looking incredibly promising. The announcement suggests that the Tabba Tabba Lithium Project has significant potential for a Tier 1 lithium deposit, with the Leia pegmatite being the best prospect to date.


Skate.
 
Last edited:
TimeISmoney said:
Does anyone know what has made the price spike? I've looked at press releases and seems total speculation on not very much info of late.
Click to expand...
Good afternoon @TimeISmoney
Have a read of the below Financial Review article, makes for a good read. oh to be fly on the ceiling in the boardroom and car of Chris Ellison ....

Ellison eyes new lithium prize near Albemarle joint venture​


Brad ThompsonReporter
Oct 22, 2023 – 10.27am

Chris Ellison’s Mineral Resources has turned its attention to a new lithium target with links to the company’s chairman, located near the prolific Wodgina lithium mine jointly owned by MinRes and Albemarle.
The billionaire MinRes founder is looking to build a stake in Wildcat Resources, The Australian Financial Review can reveal, and has sounded out the target’s investors about acquiring their shares off market.

Chris Ellison is the managing director of Mineral Resources.

The MinRes interest sustains a lithium land grab around established mines in Western Australia, and adds to the intrigue around Albemarle’s next move after abandoning a $6.6 billion takeover bid for the Hancock-backed Liontown Resources. A once fragmented WA industry is being rapidly consolidated by a powerful few, as illustrated by Gina Rinehart and Albemarle’s duelling interests in Liontown, and Rio Tinto racking up exploration tenements in the red-hot jurisdiction better known for iron ore.

Wildcat last week completed the acquisition of the Tabba Tabba lithium project in WA’s Pilbara through a deal with Global Advanced Metals, which is owned by James McClements’ private equity firm, Resource Capital Funds. Through the Tabba Tabba sale process, Global Advanced and Resource Capital now control a 17.9 per cent stake in Wildcat, plus a royalty from lithium production.


Pilbara-raised Mr McClements is the chairman of MinRes and has served on the board since 2015.
MinRes purchased the Wodgina mine from Global Advanced in 2016 for an amount considered immaterial by MinRes and never disclosed. MinRes then sold a half share in Wodgina to Albemarle for about $1.56 billion in 2018, and Mr Ellison has since recut its partnership with the battery chemicals giant several times.

The latest iteration of the MinRes-Albemarle JV was completed on Wednesday. MinRes no longer has any interest in Albemarle’s lithium hydroxide plant in WA, and Albemarle will pay MinRes $US380 million ($602 million) to $US400 million by December as consideration.

Global Advanced also sold what is now the Pilgangoora lithium mine to Pilbara Minerals in 2014.
Wildcat shares closed at 46¢ on Friday but have been as high at 52¢ since a $5 million capital raising struck at 3.5¢ a share in May as part of the Tabba Tabba acquisition.

The issue of the 200 million shares as part of that was held up until last Thursday and came after the Foreign Investment Review Board ticked off on the royalty aspect of the deal with Global Advanced.
Wildcat executive chairman Matthew Banks declined to comment when asked about MinRes’ interest. MinRes also declined to comment, citing market speculation.

The Financial Review tried to contact Mr McClements, who is based in London, about Global Advanced’s deal with Wildcat. Mr Ellison has previously said MinRes will seek to consolidate lithium assets in WA and taken several steps in that direction since pulling out of a billion-dollar commitment to invest alongside Albemarle in their lithium hydroxide JV in China.

Mr Ellison was newly installed as the non-executive chairman of Delta Lithium, a hopeful backed by MinRes and Hancock, which owns the Mount Ida project about 200 kilometres south of Kathleen Valley in an area where Hancock has an array of exploration tenements.
MinRes is also close to acquiring the Bald Hill lithium mine from administrators. The acquisition of Bald Hill will give MinRes three operating lithium mines with processing infrastructure in WA.

The Bald Hill mine is about 80 kilometres from Liontown’s undeveloped Buldania lithium project and south-east of where MinRes operates the Mount Marion mine in partnership with China’s Ganfeng. MinRes also backed Bill Beament’s Develop Global in a deal to acquire Essential Metals and its Pioneer Dome lithium project near Kambalda. The deal was ticked off by Essential shareholders on Wednesday, six months after MinRes helped vote down a $136 million bid from Tianqi and IGO to acquire Essential.

Mr McClements’ Resource Capital last month sold engineering and consulting firm Ausenco for $US578 million. Ausenco co-founder Zimi Meka also sits on the MinRes board. He is staying on as Ausenco chief executive under new owners that include billionaire Todd Boehly’s Eldridge Industries, Brightstar Capital and the Claure Group.
Marcelo Claure said he planned to use Ausenco to help turn Latin America into a major force in lithium as well as copper.
 
So, the quote is not taken out of context
"Traders make money when they take after trends. In other words, they profit when they accurately predict the expectations of other market participants. Hence, perceptions are the ones that drive the market and not fundamentals. Trends happen because perceptions reinforce themselves until a point when some shock sends expectations on another path".

Skate.
 
ducati916 said:
Reality and perception can therefore be very far apart.
Click to expand...

Perception Fuels Market Trends
In trading, it’s not merely the fundamental value that moves the markets. The real market movers are the trader's perceptions of these values. In other words, traders don’t base their decisions on reality, but rather on their perceptions of reality.

Perception
Trends reveal what traders perceive as value, in other words, “Follow the Trends”.

Skate.
 
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