New posts

Reply to thread

Message

First of all I would like to apologize the followers of this thread and most importantly the members following the progress of my MAP paper trading portfolio for not posting updates last week. Life gets in the way and sometimes you do not find time to do the tasks that you need to do.

I am going to make two posts updating the progress of WEEK 19 and WEEK 20.

Week 19 update on my MAP paper trading portfolio.
This portfolio gained $807.00 for week 19 and the drawdown has now come down to -11.5% from -14% the previous week.

Week 19 buys:
SPT, RBL, OPC, NXT and AEF
As noted in my previous post CDV was not entered as this is one of my rules that I do not enter a position after a takeover offer.

Week 19 sells:
As noted in my previous post, PDN and DTL were sold.
***There was another position sold this week*** This position was MLX (reason for sell is below).

Lesson learnt:
I learnt that I must always also run my scans against a watchlist that lists my current holdings. This is because as if I am only scanning the universe that I trade, which is All Ordinaries in this case, and if there is a position I am holding that has beed dropped from this universe then a sell signal is not generated. This is a trading mistake that could cost me hugely if that position gets hammered before I realise.

Thankfully a) I made this mistake while I was still paper trading, b) I noticed it the same week.

This brings me to wonder if backtests results are also prone to this anomaly.

[ATTACH=full]105584[/ATTACH]

[ATTACH=full]105585[/ATTACH]

<blockquote data-quote="Saqeeb" data-source="post: 1080559" data-attributes="member: 78997">First of all I would like to apologize the followers of this thread and most importantly the members following the progress of my MAP paper trading portfolio for not posting updates last week. Life gets in the way and sometimes you do not find time to do the tasks that you need to do.I am going to make two posts updating the progress of WEEK 19 and WEEK 20.Week 19 update on my MAP paper trading portfolio.This portfolio gained $807.00 for week 19 and the drawdown has now come down to -11.5% from -14% the previous week.Week 19 buys:SPT, RBL, OPC, NXT and AEF As noted in my previous post CDV was not entered as this is one of my rules that I do not enter a position after a takeover offer.Week 19 sells:As noted in my previous post, PDN and DTL were sold. ***There was another position sold this week*** This position was MLX (reason for sell is below).Lesson learnt:I learnt that I must always also run my scans against a watchlist that lists my current holdings. This is because as if I am only scanning the universe that I trade, which is All Ordinaries in this case, and if there is a position I am holding that has beed dropped from this universe then a sell signal is not generated. This is a trading mistake that could cost me hugely if that position gets hammered before I realise.Thankfully a) I made this mistake while I was still paper trading, b) I noticed it the same week.This brings me to wonder if backtests results are also prone to this anomaly.[ATTACH=full]105584[/ATTACH][ATTACH=full]105585[/ATTACH]</blockquote>

[QUOTE="Saqeeb, post: 1080559, member: 78997"] First of all I would like to apologize the followers of this thread and most importantly the members following the progress of my MAP paper trading portfolio for not posting updates last week. Life gets in the way and sometimes you do not find time to do the tasks that you need to do. I am going to make two posts updating the progress of WEEK 19 and WEEK 20. [B] Week 19 update on my MAP paper trading portfolio.[/B] This portfolio gained $807.00 for week 19 and the drawdown has now come down to -11.5% from -14% the previous week. [B] Week 19 buys: [B]SPT, RBL, OPC, NXT [/B][/B]and [B][B]AEF [/B][/B] As noted in my previous post [B]CDV [/B]was not entered as this is one of my rules that I do not enter a position after a takeover offer. [B]Week 19 sells:[/B] As noted in my previous post, [B]PDN [/B]and [B]DTL [/B]were sold. [B]***[/B]There was another position sold this week[B]*** [/B]This position was [B]MLX [/B](reason for sell is below). [B]Lesson learnt:[/B] I learnt that I must always also run my scans against a watchlist that lists my current holdings. This is because as if I am only scanning the universe that I trade, which is [B]All Ordinaries [/B]in this case, and if there is a position I am holding that has beed dropped from this universe then a sell signal is not generated. This is a trading mistake that could cost me hugely if that position gets hammered before I realise. Thankfully a) I made this mistake while I was still paper trading, b) I noticed it the same week. This brings me to wonder if backtests results are also prone to this anomaly. [ATTACH=full]105584[/ATTACH] [B][ATTACH=full]105585[/ATTACH][/B] [/QUOTE]

Verification