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Over the next few post I'll explain what Strategy I trade & how I trade them
Shortly I'll be posting a few backtests to give a direct comparison between my strategies. Recently there have been some helpful posts by [USER=13908]@peter2[/USER], [USER=257]@tech/a[/USER], [USER=17857]@qldfrog[/USER] & [USER=78961]@Warr87[/USER] giving us a glimpse of their trading style. With sports betting there a a myriad of ways to bet & the trading game is no different, meaning there is no one single way to trade. My business & Bookmaking background has shaped my risk tolerance & the way I think about making money.

Here is an alternative view to mine when it comes to trading

Education
[USER=257]@tech/a[/USER] has demonstrated with TechTrader it's possible to make money trading a mechanical trading system, [USER=2123]@captain black[/USER] explained how it's done. Recently, fundamentals of companies have played no part in the erratic behaviour of the markets, the technicals display all the emotions of the markets & that's what I'm trying to garner when I trade.

My idea
To make money in the markets you need to catch a trend, without a trend you are dog paddling in a cesspool with a bunch of others. Trading to me is all about consistency of returns, McDonalds have built an entire empire on the consistency of their food on offer in their restaurants around the world & if it good enough for them it's good enough for me. My main concern is the protection of my funds by having strategies with drawdowns within acceptable limits, the lower the better. I'm not chancing my luck seeking high profitable trades, nope - no way I'll do that.

What am I trying to do?
I'm simply trying to catch a confirmed trend & front run other traders hoping they join in later & push the price higher, I also want to get off the trade before them as well. Heck, I know we are all getting the same signals as trend followers. I even know trends can't last forever - they slow, stall & sometimes stop, even at times they retreat back to where they came from - I want to exit in an orderly manner beating the rush to the door. I know all these things & so does everyone else worth their salt.

What I don't do
I don't micro-manage my positions, I don't enter or exit a position thinking I know better than my strategy, I know about risks but r-multiples are not even on my radar, I'll take what the markets are willing to give. Comparing my results to others or the index for that matter I frankly can't see the point. I want to be like Frank Sinatra & do it "My Way"

What I do
I buy into positions that have strength in confirmed strong trends in the hope of offloading my positions onto others at a higher price. I don't care what the company is or what they do - it's a pure numbers game to me.

AmiBroker
This is a brilliant piece of software, basically it's a big dumb programmable scientific calculator. AmiBroker crunches numbers & the backtest results are a multiplication of share times the "opening share price". Knowing this fact & replicating this forces me to trade in the pre-auction with the expectation of snagging the opening price. Using this method slippage can be controlled & calculated in your returns.

Skate.

<blockquote data-quote="Skate" data-source="post: 1057021" data-attributes="member: 57364">Over the next few post I&#039;ll explain what Strategy I trade &amp; how I trade themShortly I&#039;ll be posting a few backtests to give a direct comparison between my strategies. Recently there have been some helpful posts by [USER=13908]@peter2[/USER], [USER=257]@tech/a[/USER], [USER=17857]@qldfrog[/USER] &amp; [USER=78961]@Warr87[/USER] giving us a glimpse of their trading style. With sports betting there a a myriad of ways to bet &amp; the trading game is no different, meaning there is no one single way to trade. My business &amp; Bookmaking background has shaped my risk tolerance &amp; the way I think about making money.Here is an alternative view to mine when it comes to tradingEducation[USER=257]@tech/a[/USER] has demonstrated with TechTrader it&#039;s possible to make money trading a mechanical trading system, [USER=2123]@captain black[/USER] explained how it&#039;s done. Recently, fundamentals of companies have played no part in the erratic behaviour of the markets, the technicals display all the emotions of the markets &amp; that&#039;s what I&#039;m trying to garner when I trade.My ideaTo make money in the markets you need to catch a trend, without a trend you are dog paddling in a cesspool with a bunch of others. Trading to me is all about consistency of returns, McDonalds have built an entire empire on the consistency of their food on offer in their restaurants around the world &amp; if it good enough for them it&#039;s good enough for me. My main concern is the protection of my funds by having strategies with drawdowns within acceptable limits, the lower the better. I&#039;m not chancing my luck seeking high profitable trades, nope - no way I&#039;ll do that.What am I trying to do?I&#039;m simply trying to catch a confirmed trend &amp; front run other traders hoping they join in later &amp; push the price higher, I also want to get off the trade before them as well. Heck, I know we are all getting the same signals as trend followers. I even know trends can&#039;t last forever - they slow, stall &amp; sometimes stop, even at times they retreat back to where they came from - I want to exit in an orderly manner beating the rush to the door. I know all these things &amp; so does everyone else worth their salt.What I don&#039;t doI don&#039;t micro-manage my positions, I don&#039;t enter or exit a position thinking I know better than my strategy, I know about risks but r-multiples are not even on my radar, I&#039;ll take what the markets are willing to give. Comparing my results to others or the index for that matter I frankly can&#039;t see the point. I want to be like Frank Sinatra &amp; do it &quot;My Way&quot;What I doI buy into positions that have strength in confirmed strong trends in the hope of offloading my positions onto others at a higher price. I don&#039;t care what the company is or what they do - it&#039;s a pure numbers game to me.AmiBrokerThis is a brilliant piece of software, basically it&#039;s a big dumb programmable scientific calculator. AmiBroker crunches numbers &amp; the backtest results are a multiplication of share times the &quot;opening share price&quot;. Knowing this fact &amp; replicating this forces me to trade in the pre-auction with the expectation of snagging the opening price. Using this method slippage can be controlled &amp; calculated in your returns.Skate.</blockquote>

[QUOTE="Skate, post: 1057021, member: 57364"] [B]Over the next few post I'll explain what Strategy I trade & how I trade them[/B] Shortly I'll be posting a few backtests to give a direct comparison between my strategies. Recently there have been some helpful posts by [USER=13908]@peter2[/USER], [USER=257]@tech/a[/USER], [USER=17857]@qldfrog[/USER] & [USER=78961]@Warr87[/USER] giving us a glimpse of their trading style. With sports betting there a a myriad of ways to bet & the trading game is no different, meaning there is no one single way to trade. My business & Bookmaking background has shaped my risk tolerance & the way I think about making money. [B]Here is an alternative view to mine when it comes to trading[/B] [B]Education[/B] [USER=257]@tech/a[/USER] has demonstrated with TechTrader it's possible to make money trading a mechanical trading system, [USER=2123]@captain black[/USER] explained how it's done. Recently, fundamentals of companies have played no part in the erratic behaviour of the markets, the technicals display all the emotions of the markets & that's what I'm trying to garner when I trade. [B]My idea[/B] To make money in the markets you need to catch a trend, without a trend you are dog paddling in a cesspool with a bunch of others. Trading to me is all about consistency of returns, McDonalds have built an entire empire on the consistency of their food on offer in their restaurants around the world & if it good enough for them it's good enough for me. My main concern is the protection of my funds by having strategies with drawdowns within acceptable limits, the lower the better. I'm not chancing my luck seeking high profitable trades, nope - no way I'll do that. [B]What am I trying to do?[/B] I'm simply trying to catch a confirmed trend & front run other traders hoping they join in later & push the price higher, I also want to get off the trade before them as well. Heck, I know we are all getting the same signals as trend followers. I even know trends can't last forever - they slow, stall & sometimes stop, even at times they retreat back to where they came from - I want to exit in an orderly manner beating the rush to the door. I know all these things & so does everyone else worth their salt. [B]What I don't do[/B] I don't micro-manage my positions, I don't enter or exit a position thinking I know better than my strategy, I know about risks but r-multiples are not even on my radar, I'll take what the markets are willing to give. Comparing my results to others or the index for that matter I frankly can't see the point. I want to be like Frank Sinatra & do it "My Way" [B]What I do[/B] I buy into positions that have strength in confirmed strong trends in the hope of offloading my positions onto others at a higher price. I don't care what the company is or what they do - it's a pure numbers game to me. [B]AmiBroker[/B] This is a brilliant piece of software, basically it's a big dumb programmable scientific calculator. AmiBroker crunches numbers & the backtest results are a multiplication of share times the "opening share price". Knowing this fact & replicating this forces me to trade in the pre-auction with the expectation of snagging the opening price. Using this method slippage can be controlled & calculated in your returns. Skate. [/QUOTE]

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