qldfrog weekly Skate inspired system

[willoneau]

Hi frugal.rock, when you leverage back in again was it part of your risk strategy or new trade?

 

[qldfrog]

To be clear, i kept SIG as i bought at 60c, all good
But i did sell my rbl this morning
If of interest, between my loss this morning and the win on the other packet sold at 1.8, i am still ahead
So not so bad

 

[willoneau]

To be clear, i kept SIG as i bought at 60c, all good
But i did sell my rbl this morning
If of interest, between my loss this morning and the win on the other packet sold at 1.8, i am still ahead
So not so bad

RBL - qldfrog was that a daily system trigger or part of your weekly system that uses daily information?
just looked at chart nasty drop and no way to do anything about it when gaps occur.

 

[willoneau]

To be clear, i kept SIG as i bought at 60c, all good
But i did sell my rbl this morning
If of interest, between my loss this morning and the win on the other packet sold at 1.8, i am still ahead
So not so bad

Do you have a stop location for SIG?
interesting that you bought SIG as it doesn't look like a weekly trend following signal as i thought from previous post you were following, just my thoughts.

 

[willoneau]

I bought MEA at beginning of month which has different chart profile.

 

[qldfrog]

Rbl was part of my weekly trend based systems, purchased by both systems.sold by 1 system at 1.86$ and manually stopped loss this morning at $1
Sig was purchased as part of one trend system.
Got it at 60c
No ISL
Finished this evening work on SL ultimately based on atr
I will manually add these SL tomorrow then plan to update these SL level manually weekly

 

[qldfrog]

Note
For the time being. I have stopped working on the weekly but with daily check system.
So i have now 3 systems
System1 and then system2, trend based, with system2 more dynamic
These developed with the help of many here plus a lot of tweaking.
And on monday start of a very basic flipper system.
Many thanks to all for your inputs
Have a great week

 

[willoneau]

Rbl was part of my weekly trend based systems, purchased by both systems.sold by 1 system at 1.86$ and manually stopped loss this morning at $1
Sig was purchased as part of one trend system.
Got it at 60c
No ISL
Finished this evening work on SL ultimately based on atr
I will manually add these SL tomorrow then plan to update these SL level manually weekly

Did you use a stale stop to get out at $1.86?

 

[qldfrog]

Did you use a stale stop to get out at $1.86?

Yes i have an automated check and basically was not worth keeping based on this system parameters, sadly system1 is more conservative/less edgy and in that case, it cost me
But all that is coded so it says sell or buy and i obey
With yesterday work and code changes, i will start adding SL both on purchase and as well a trailing one updated weekly

 

[qldfrog]

Friday night and waiting for Santa rally, ..i still want to believe in Santa
OK week for both 2 systems
###########################
System I (the original)
win of $842.02 after a 12PC fall of ZIM today..damned
Start 25/02/2019
Total invested $ 100,000.00
Cash remaining $39,200.83
Current portfolio value $111,620.98
Profit $11,620.98
Nb of active positions 12
Nb max position 20
Return since 25/02 11.62%
Annual return so far 14.38%
purchase value per position $5,581.05
Invested percentage 64%
dividends $ 1,387.81
Average per week: 415.0348214


Mostly in sync with the XAOA with a better week this week
4 buy on open monday but one is NVL which is being purchased so I bypass
we will end up with 15 positions...
###########################
system II
a gain of $996.93
Start 5/08/2019
Total invested $ 100,532.76
Cash remaining $26.97
Current portfolio value $100,862.08
Profit $329.32
Nb of active positions 20
Nb max position 20
Return since 5/08 0.33%
Annual return so far 0.89%
purchase value per position $5,043.10
Invested percentage 99%
dividends $ 189.93
Average per week: 65.865



We are back in profit

3 buys and sell on Monday
progressing on the SL work, some included already on the weekly action

Have all a great week end

 

[qldfrog]

Not to forget: the flipper wants me to buy NVL, but as above I do not proceed as it is a takeover in process

 

[qldfrog]

I completed basically a week of refining thanks to drought and fires heat locking me inside
I specifically added a SL (not automated but triggered manually on my weekly review) and have now 3 optimized systems;

1. These resulted in # buys on Monday for system 1 (1 buy being a catch up actually after the optimisation work)
2. 8 sells and 8 buys for system 2: this is where my tweaking got the most of impacts,
3. and still no action on system 3(flipper)

Now a bit of dreaming...and i know, de listed codes are not there, etc etc so reality would have been different
but with these systems, I allowed a bit of (irrational and maybe unhealthy) thinking
-> putting 100k in each system on the 1/01/2005, I would have reached last November 2019
respectively 7.2m, 7.5m and 10m whereas the xaoa would only have tripled..but obviously compounding would push that xaoa gain further
This is a nice incentive to refine work and stick to tested systems, please note that this period included the GFC
anyway a little bit of dreaming does help when the drought is affecting our psyche....

 

[Trav.]

I specifically added a SL (not automated but triggered manually on my weekly review) and have now 3 optimized systems;

Good on you mate for trying out something new, and being realistic with the back testing results as we are aware that they can be over optimised and set you up for disappointment if you don't achieve the same returns.

I am curious if you used the standard stop loss loop or defined your own?

 

[qldfrog]

Good on you mate for trying out something new, and being realistic with the back testing results as we are aware that they can be over optimised and set you up for disappointment if you don't achieve the same returns.

I am curious if you used the standard stop loss loop or defined your own?

I found stop losses based on amibroker in build..which is equivalent to the one you would put via your broker using conditional sells are often very damaging to the overall performance, i so added a new exit, which will be triggered on Mondays open, but is really a SL, with a trailing component
Overall even during minicrash periods, it leads to better outcomes
Hope it helps.
It does not have the mind pleasing effect of an hardwired..kind of...broker SL but in case of real 20pc down crash etc, usual stops can not be actioned so why bother
And it will be enough based on back tests to preserve gains limit losses on the life of the systems
The negative is that it adds more strains on the psyche, if on Monday asx crashes 15pc,10pc on Tuesday, how strong will i be to not press the sell all button...
There is actually such a button on my bell direct broker page...
Hope it helps

 

[qldfrog]

system 1 at the open today bought:
LIC 610 @$8.92 for a total cost of $5451.2
MSB 2718 @$ 2.01 for a total cost of $5473.18
UOS 6292 @$ 0.88 for a total cost of $ 5546.96
System2 had a huge readjustment I will details later

 

[qldfrog]

system 2 sold CAT,CTX,JHG,JHX,NSR,SIG,VRT,XRO for a total loss inc brokerage of 172$ so basically just brokerage...and any lost opportunity
system 2 purchased AX1,CWP,KMD,LIC,MYS,PRU,UOS,VRL
Rolling on

 

[qldfrog]

Wishing all the people involved in this process a Merry Christmas, thanks for the mentoring, the questions and even pieces of codes from many here
Enjoy

 

[qldfrog]

As I had a bit of free time:
as you remember, my optimised flipper system on back-test would have gone from $100k in 2005 to 10M by now, the best raw return on that period among my systems

Now imagine that guy actually lives in Australia;
with this system, you basically buy and sell a lot so we can assume that we will roughly pay tax on the yearly capital gain, no discount year after year and discover the marvel of taxation;
As a smart cookie, that investor is paying tax at 33% only (I can hear the booo from our leftist friends already)
So using this 100k to 10M compounded amazing returns, if our investor is paying tax at 33pc only, that very same ideal system started at 100k will reach 3.1M.
Less than a third from the same system user based in a tax heaven.....
The miracle of compounded taxation
So if you plan to spend more than 15y in retirement and retiring early, think well where you want to be, there is a lot of private insurance you can buy with 7M
Similarily, the taxed investor will have paid the ATO 1.2M along the 15y, not that great a number actually: 1000 of these guys are required every month to pay our federal debt (interest only)
This ATO kill in the bud tax rate will have burnt 10-1.2-3.1=6.7M lost to everyone.

Now imagine that investor as a factory or any Australian business taxed at 33pc and trying to grow...Now you understand why ndis nor your pension will never be financed in the future..
Interlude over

 

[willoneau]

What about husband and wife running it as a business and splitting tax on profits in stead of capital gains?.

 

[Warr87]

there are ways to minimize tax. talk to a CPA. but i'm not sure what your point is. There are other places in the world that have higher tax than we do. Some have lower. But those who do tend to have lower do not to have the services that we have. The govt. isn't a charity, and to have the lifestyle we have things need to be paid for. if your complaint is having to pay millions of dollars in taxes, you are likely going to have that complaint fall on deafs ear...lol. if you would like a rethink of corporate tax, that sounds fine.

I would follow @willoneau train of thought and run it through a family trust with a bucket company

(also my understanding is that given the frequency you would like treat the gains as income not capital gains, unless the particular stock was kept for a particularly long time but that is something your accountant can answer)