Australian (ASX) Stock Market Forum

Dump it Here

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qldfrog said:
Will it be similar to action strategy, do you accept followers?
With the PPOR move, i have had to distance myself a bit from the forums.
The advantage i found with the action strategy is that i have a whole personal aka excel record of the week to week strategy and buy sell actions and so can do things like comparison with actual knowledge of what happened later on and so validate or not some of my own strategies
Was also good at keeping me focused on my other strategies thru the ups and down
Click to expand...

@qldfrog I have two confirmed members who will be trading along. They will be trading Mondays signals on a Tuesday.

Signal Service
So my new project is not confused with a signal service I'll be posting all my signals at the "end of trade" Monday of the positions I've taken in the pre-auction that morning.

I was stumped answering a question
Does it matter taking a signal a day late? As I didn't know the answer I conducted extensive testing over a few of my weekly strategies to find out.

The result of my research
In a nutshell - Trading signals the next day (one day delay) made little to no difference to the trading result.

To my amazement
The weekly trading results using one day delay were actually most times fractionally better (go figure). The test was conducted using the reporting software "Share Trade Tracker" as I know STT is 100% accurate when positions are taken in the pre-auction using my (-/+ 3%) premium calculations.

I've posted the results previously
I posted my research using a delayed entry for the "Action Strategy". The Equity chart confirms taking a signal with one day delay "mimicked the actual returns" of the Action Strategy. If you are interested you can view my previous post here: https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1094656

The "HappyCat Strategy" reporting
Reporting of the "HappyCat Strategy" will be twice a week:
(1) Monday "after the close" displaying the actual trades of that morning with position sizing &
(2) Each Friday evening with "how did we go for the week" style of reporting.

Commitment
I'll be live trading the "HappyCat Strategy" as a $100k portfolio & in no way am I suggesting for others to trade along even though two members have confirmed that they will be doing so.

Skate.
 
Skate said:
@qldfrog I have two confirmed members who will be trading along. They will be trading Mondays signals on a Tuesday.

Signal Service
So my new project is not confused with a signal service I'll be posting all my signals at the "end of trade" Monday of the positions I've taken in the pre-auction that morning.

I was stumped answering a question
Does it matter taking a signal a day late? As I didn't know the answer I conducted extensive testing over a few of my weekly strategies to find out.

The result of my research
In a nutshell - Trading signals the next day (one day delay) made little to no difference to the trading result.

To my amazement
The weekly trading results using one day delay were actually most times fractionally better (go figure). The test was conducted using the reporting software "Share Trade Tracker" as I know STT is 100% accurate when positions are taken in the pre-auction using my (-/+ 3%) premium calculations.

I've posted the results previously
I posted my research using a delayed entry for the "Action Strategy". The Equity chart confirms taking a signal with one day delay "mimicked the actual returns" of the Action Strategy. If you are interested you can view my previous post here: https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1094656

The "HappyCat Strategy" reporting
Reporting of the "HappyCat Strategy" will be twice a week:
(1) Monday "after the close" displaying the actual trades of that morning with position sizing &
(2) Each Friday evening with "how did we go for the week" style of reporting.

Commitment
I'll be live trading the "HappyCat Strategy" as a $100k portfolio & in no way am I suggesting for others to trade along even though two members have confirmed that they will be doing so.

Skate.
Click to expand...
I will join in
settlement (for my new place) should happen next week so could be a bit chaotic for the first fortnight but will give it a go...
 
Skate said:
@qldfrog I have two confirmed members who will be trading along. They will be trading Mondays signals on a Tuesday.

Signal Service
So my new project is not confused with a signal service I'll be posting all my signals at the "end of trade" Monday of the positions I've taken in the pre-auction that morning.

I was stumped answering a question
Does it matter taking a signal a day late? As I didn't know the answer I conducted extensive testing over a few of my weekly strategies to find out.

The result of my research
In a nutshell - Trading signals the next day (one day delay) made little to no difference to the trading result.

To my amazement
The weekly trading results using one day delay were actually most times fractionally better (go figure). The test was conducted using the reporting software "Share Trade Tracker" as I know STT is 100% accurate when positions are taken in the pre-auction using my (-/+ 3%) premium calculations.

I've posted the results previously
I posted my research using a delayed entry for the "Action Strategy". The Equity chart confirms taking a signal with one day delay "mimicked the actual returns" of the Action Strategy. If you are interested you can view my previous post here: https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1094656

The "HappyCat Strategy" reporting
Reporting of the "HappyCat Strategy" will be twice a week:
(1) Monday "after the close" displaying the actual trades of that morning with position sizing &
(2) Each Friday evening with "how did we go for the week" style of reporting.

Commitment
I'll be live trading the "HappyCat Strategy" as a $100k portfolio & in no way am I suggesting for others to trade along even though two members have confirmed that they will be doing so.

Skate.
Click to expand...

Good to hear that happy cat is finally awake :)

I'll be trading along, looking forward to it.
 
aus_trader said:
I'll be happy to play along to the tune of the Happy Cat, but don't have 100k free in the trading account. Is it still possible ?
Click to expand...
If you are asking the question, then I think the answer is "no", as you don't have $100k free.:roflmao:

However, once you define what capital you do have, you could decide your own position sizing remembering that brokerage costs will affect return percentages.:2twocents

At a guess, the strategy may have 20 positions at 5k each, but we have to wait for the details, (unless I missed it...?):wheniwasaboy:

I might be able to manage $20k total, so 20 positions at $1000 each with $9.50 brokerage per trade.
 
frugal.rock said:
If you are asking the question, then I think the answer is "no", as you don't have $100k free.:roflmao:

However, once you define what capital you do have, you could decide your own position sizing remembering that brokerage costs will affect return percentages.:2twocents

At a guess, the strategy may have 20 positions at 5k each, but we have to wait for the details, (unless I missed it...?):wheniwasaboy:

I might be able to manage $20k total, so 20 positions at $1000 each with $9.50 brokerage per trade.
Click to expand...

that is my plan. $1k positions with IB (so $6 brokerage).
 
frugal.rock said:
If you are asking the question, then I think the answer is "no", as you don't have $100k free.:roflmao:

However, once you define what capital you do have, you could decide your own position sizing remembering that brokerage costs will affect return percentages.:2twocents

At a guess, the strategy may have 20 positions at 5k each, but we have to wait for the details, (unless I missed it...?):wheniwasaboy:

I might be able to manage $20k total, so 20 positions at $1000 each with $9.50 brokerage per trade.
Click to expand...
I can also trade along with 1k positions + brokerage :xyxthumbs
 
Rough end of a day eh?

My heart goes out to Mr Frog...,
both my portfolios were eyeing a paper profit of circa $3k today until....Trump dump.

Ended up around $8.4k down on paper...ooof !
Did manage to lock in around $2.5k profit for the week though. :wheniwasaboy:
Roll with the punches...
 
frugal.rock said:
Rough end of a day eh?

My heart goes out to Mr Frog...,
both my portfolios were eyeing a paper profit of circa $3k today until....Trump dump.

Ended up around $8.4k down on paper...ooof !
Did manage to lock in around $2.5k profit for the week though. :wheniwasaboy:
Roll with the punches...
Click to expand...
Yeah, rough week alright. I held back on some purchases for the spec portfolio this week and instead sold two stocks in that portfolio that were not performing.

With the two stocks sold, @Skate has kindly run his " Ducati Daily Blue Bar Strategy " on those two stocks and showed that the selling was in agreement with that system which was gratifying. So thanks again skate ?

I feel the same way :cry: for @qldfrog and @Knobby22 for having a terrible week due to Mesoblast limited (MSB) losses today.

Hope next week turns out to be more +ve for you @frugal.rock, to turn your positions around ?
 
HappyCat Starts Monday.jpg

There is never a good time to start trading
Luck & timing plays a significant role in the performance of any portfolio & as they say "there is never a good time to start trading". Traders need to be aware of the significance "luck & timing" will have when trading a new strategy.

Things may not go well for this strategy in the short-term
The starting date can have a big bearing on the performance of a strategy in the short term but hopefully, things will settle over the longer term. The "HappyCat Strategy" will take time to develop as the markets are in turmoil at the moment, so let's be patient with the performance of my new project & hope for the best.

Donald J Trump
Wall Street fell on Friday after it was confirmed President Donald J Trump had tested positive to coronavirus. This news doesn't bode well for the start of our markets on Monday.

All this uncertainty
With Trump & the pending U.S. elections, not to mention the ongoing spat with China is making an already shaky market even more so. I'm not talking about a short blip but one that can extend to February 2021 if the election doesn't go Trump's way.

Let's talk about being positive
Being positive doesn't mean you have to be happy & upbeat all the time but have an understanding that there are better days ahead.

Skate.
 
HappyCat.jpg
The "HappyCat Strategy" commenced trading today
As there are a few who have indicated that they are prepared to "trade along" with this strategy I thought it might be appropriate to explain how I would trade "Mondays signals on a Tuesday". For a buy signal to be generated by the strategy it needs to meet not only the buy condition but a list of other parameters & requirements. In essence, this means Monday's signals that I have traded are still good for the next day.

Buying at the open
By trading in the pre-auction, it allows me to snaffle the opening price 99% of the time because I don't chase the price as I either get settled at my (+3%) premium price or I don't.

Calculations to trade in the pre-auction
To achieve the opening price - I add a (+3%) premium to the previous closing price. As an example, if the closing price is $1.00 - this price is multiplied by (1.03) giving a "price offer of $1.03" in tomorrows pre-auction. Trading Mondays signals on a Tuesday using this (-/+3%) premium can eventuate in achieving a different price (sometimes higher sometimes lower) but over the long term it will all come out in the wash & my research has indicated the difference in Portfolio results are negligible.

Mondays reporting format
To make this project as smooth as I can, today's updates will have more information than necessary. Over the coming weeks, I'll refine my reporting process so it will be clear to follow.

Skate.
 

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