No rocks were thrown.You know f.rock...i've been posting everyday on this thread about my experience trading through this market and for the most part you (and @InvestoBoy) have been completely silent. Now that I admit defeat you decide it is time to post. Don't take me the wrong way, but I haven't seen you posting on ASF about your day-to-day experiences of trading through this market so I question the value of your comments. I guess it is pretty easy to come out and throw rocks when you have absolutely no skin in the game and I suspect you have just been sitting on the sidelines waiting for me to admit defeat so you could chime in on my thread. I'm a firm believer in the saying that if you don't have anything constructive to say then don't say anything at all
It's still falling hard along with markets around the world. I'll wait for things to settle down a bit before buying back into equities I think. AX1's yield is going up as it freefalls thoughI'll probably buy some AX1 at some stage. I just like the call of those birds.
Hey Moving average .
-8% is OK
Perhaps you need to add a "fuse" to your strategy.
In unusual downturns I reckon you need an external indicator to help to tell you when to stop going long.
Going against a strong downturn in the overall equity market will only end in losses.
You can also consider going short using CFDs. or try Bear ETFs .or gold and Silver stocks.
An indicator I have considered is https://www.marketindex.com.au/
the expected volatility indicator. No Long trades in the red zone. (except Gold , bear ETF)
BTW. First time on ASF in months.so I have only just read this thread.
Sharing the pain and i still have 50pc invested in these 2 weekly systems which are in free fall...Most of my DD has come from my weekly system where stops (exits) are only done at the end of the week and in this market where we are seeing 5% - 10% drops each day it makes for a very long week to look for exits on Fridays.
Sharing the pain and i still have 50pc invested in these 2 weekly systems which are in free fall...
hmmm...while I appreciate your comforting words you seem to be suggesting I’ve blown up my my capital and that I’m looking for someone to blame. Nothing could be further from the truth...in total I’m at about 8% DD. My frustration comes from some recent posts from folks sitting on the sidelines who’ve been happy to sit on the side but now feel the need to comment given I’ve admitted the mental fortitude required to continue trading in this market is too much so I’ve closed all my positions. Thanks for the YouTube clip but I’ve got the DVD box set
I am absolutely sure you are doing better than most and you have got a good experience to remember (and learn from) also.
I've just been looking at the performance of my three portfolios and I've weathered the storm reasonably well given the broader market heavy sell off. My daily trend system is down 3.57% since the start of the year and down 1.44% since the start of this month. My weekly trend system is down 7.68% since the start of the year and down 3.15% since the start of this month. My swing system is up around 3% since the start of the year and down around 5% since the start of this month. Overall I'm down around 8% since the start of the year across all three portfolios.
Crazy times indeed. We all need to sleep at night so we all need to do what allows us to sleep. I can’t deal with the volatility...can’t believe how the market rallied this afternoon, I guess the bargain hunters are coming out. Must admit I was expecting some issues with my broker this past week but haven’t experienced too many problems, but I did find the price discovery exercise yesterday on a few of my sells very frustrating.Am envious of your position.
As said, well done!
You or your systems have managed minimal DD and you are now in a position where you can exploit the situation, not if it picks up again, but when it does.
After contemplating your withdrawal, have also decided to let the portfolio sit inactive for a while, active trading is also doing my head in, not so much from the DD (which has increased today...) but from the market delays, ie orders are slow, data was worse today than it's been all week etc. I can't trade under these conditions! These conditions go against my trading style, as if conditions aren't hard enough as is.
Cheers, no schadenfreude on my part to anyone.
F.Rock
A you tube doco I saw on Quant/ Algorithm trading said some well known large brokers physically position their trading computer network as close as possible to the exchanges in order to gain those milliseconds of advantage... most important for the algos.
With days like these, that advantage is priceless.
I put a sell order in at 4:07pm today... it sat on "processing" status forever.
It missed the close and is sitting on manual... The processing status is usually a second or two...
Bottom feeders such as myself suffer despite being classed as a "high value customer" by broker, that just means I will change brokers next week.
Goodbye Westpac, hello Selfwealth.
F.Rock
but from the market delays, ie orders are slow, data was worse today than it's been all week etc. I can't trade under these conditions! These conditions go against my trading style, as if conditions aren't hard enough as is.
Next time you will be a lot better prepared, there is no way you can learn this experience, other than living it.You know in isolation those numbers aren't bad and under normal circumstances wouldn't alarm me as they are well within the system bounds...but with all the negative news spinning around my head got the better of me. I only started trading on the tail-end of the 08 crash so this is the first major downturn I've traded through. It's one thing simulating a system through a crash but it's a whole other thing trying to live trade through this on a day to day basis.
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