Technical Trading Exercise (Pavilion103 and tech/a) Discussion

[tech/a]

SKC

Its something I've never considered in my trading
Perhaps something I should!

As we will be able to determine a stop price tonight then
rather than take the risk of a stop being taken out with slippage
we will close on close tonight or at B/E and re evaluate after reporting.
If it was deep in the money I wouldn't worry so much.

Where can I get a reporting schedule?

Actually seeing I've never worried about this before and I've carried it through with all the trades so far.
Ill leave it as it is.

No disrespect and I'm not ignoring your opinion.
I just don't want to add something I've never had before to the exercise.

I think the stops at around Dividend should be adjusted.
But will watch any at reporting and see what impact it has on the overall trade.

 

[skc]

Actually seeing I've never worried about this before and I've carried it through with all the trades so far.
Ill leave it as it is.

No disrespect and I'm not ignoring your opinion.
I just don't want to add something I've never had before to the exercise.

I think the stops at around Dividend should be adjusted.
But will watch any at reporting and see what impact it has on the overall trade.

Your trading here has been strongly focused on managing risks and so I thought it's worth highlighting to others following the thread that holding 77% of the capital into a report doesn't really align with that principle. I would also say that this is not an opinion but a matter of fact.

I don't know anything about VRL and what the market is expecting of the report, and for all I know 98 times out of 100 it may not matter... but I know I'd be getting a call from my risk desk around now to ask me if I really want to be holding that size overnight.

However, it's your exercise so obviously entirely up to you.

 

[Trembling Hand]

Your trading here has been strongly focused on managing risks and so I thought it's worth highlighting to others following the thread that holding 77% of the capital into a report doesn't really align with that principle. I would also say that this is not an opinion but a matter of fact.

I don't know anything about VRL and what the market is expecting of the report, and for all I know 98 times out of 100 it may not matter... but I know I'd be getting a call from my risk desk around now to ask me if I really want to be holding that size overnight.

However, it's your exercise so obviously entirely up to you.

Was going to comment if you ever blow up trading you would make a good risk desk jockey. of course you would have to get use to people hating you and abusing you.

Trader - "come on dude, don't be a girly wimp you know I can get it back, just double me up"
Risk - "No"
Trader - "you are an aR$ehole and fool, no wonder you cannot trade!" storms out to pub.

just like running a methadone clinic!

 

[skc]

Was going to comment if you ever blow up trading you would make a good risk desk jockey. of course you would have to get use to people hating you and abusing you.

Trader - "come on dude, don't be a girly wimp you know I can get it back, just double me up"
Risk - "No"
Trader - "you are an aR$ehole and fool, no wonder you cannot trade!" storms out to pub.

just like running a methadone clinic!

I have forward your post to the risk desk!

 

[skc]

Your trading here has been strongly focused on managing risks and so I thought it's worth highlighting to others following the thread that holding 77% of the capital into a report doesn't really align with that principle. I would also say that this is not an opinion but a matter of fact.

View attachment 53922

Actually Tech/a, I stand corrected. I was going off on Pav's post and spreadsheet numbers but in fact the position size based on your chart is only worth ~$20k.

So I've exaggerated the risk concern by a factor of 3.

I hereby resign from being your risk manager.

 

[tech/a]

No probs
Appreciate scrutiny.
Keeps me / us honest.

 

[pavilion103]

Did people not read my post yesterday where I posted the spreadsheet?????

VRL was addressed. I wrote up there that it will have to be removed if it is in fact 77%.

I'm not sure how this was overlooked?

 

[debtfree]

Did people not read my post yesterday where I posted the spreadsheet?????

VRL was addressed. I wrote up there that it will have to be removed if it is in fact 77%.

I'm not sure how this was overlooked?

Hi Pav

With the spreadsheet the initial stop loss you have in for VRL (#22 Trade) is 6.15 where in Tech's chart it was 6.05 which would mean the stop loss difference was .14 cents rather than .4 cents which would mean a lot smaller stake than $77K roughly mentioned. Would this be correct or am I missing something here?

Thanks

 

[qldfrog]

and technically about stop slippage:
what do you guys use as a value:
if you have decided your stop loss is 1$, do you do a
if less or equal to stop loss (1$) then sell at (stop loss ie 1$
or do you give it a wide margin
for example sell at 80c?

the reason I ask is that in these results time, I got high slippage and ,my stop loss are triggerred but go thru and end up selling for a lot less and this makes a big difference ultimately.
Thanks for the exercise and indeed the report time is challenging..

 

[pavilion103]

Hi Pav

With the spreadsheet the initial stop loss you have in for VRL (#22 Trade) is 6.15 where in Tech's chart it was 6.05 which would mean the stop loss difference was .14 cents rather than .4 cents which would mean a lot smaller stake than $77K roughly mentioned. Would this be correct or am I missing something here?

Thanks

That is correct.
Tech posted the updated ones AFTER I put up that spreadsheet.
As per my commentary, I did not have the exit and entries for that one and had to deduce it from the chart, which I did incorrectly.
Will amend

 

[pavilion103]

and technically about stop slippage:
what do you guys use as a value:
if you have decided your stop loss is 1$, do you do a
if less or equal to stop loss (1$) then sell at (stop loss ie 1$
or do you give it a wide margin
for example sell at 80c?

the reason I ask is that in these results time, I got high slippage and ,my stop loss are triggerred but go thru and end up selling for a lot less and this makes a big difference ultimately.
Thanks for the exercise and indeed the report time is challenging..

With the stop loss if it gaps the stop it will sell at the next available.
So in you're case, $1 or less.

I had one in my own portfolio recently where I had a stop at $1.54 but it opened at $1.52 and I was taken out there.

 

[debtfree]

That is correct.
Tech posted the updated ones AFTER I put up that spreadsheet.
As per my commentary, I did not have the exit and entries for that one and had to deduce it from the chart, which I did incorrectly.
Will amend

Thanks Pav, I understand and I appreciate your reply.

While we are on about the spreadsheet can I mention about the FLT trade. You risked $1,000 on this one and the initial stop loss difference was $1.23, as $1,000 divided by $1.23 = 813 shares whereas you have 1626 shares in the spreadsheet. Is this due to the use of Margin within IB at the time or should it be 813 shares.

I've been looking at it and I thought bugger it, ask the question.

Thanks Pav ... Debtfree

 

[tech/a]

That is correct.
Tech posted the updated ones AFTER I put up that spreadsheet.
As per my commentary, I did not have the exit and entries for that one and had to deduce it from the chart, which I did incorrectly.
Will amend

My fault entirely.

I had promised PAV a complete update each week.
Got way laid and to PAV's credit he gave it a go.
Hopefully all sorted in the update and PAV I think
that just do the updates when I've sent over all
the info.

 

[debtfree]

My fault entirely.

I had promised PAV a complete update each week.
Got way laid and to PAV's credit he gave it a go.
Hopefully all sorted in the update and PAV I think
that just do the updates when I've sent over all
the info.

No dramas this end at all. Enjoying the thread and learning from it so thanks once again to the both of you for you time and effort.

Debtfree

 

[pavilion103]

Thanks Pav, I understand and I appreciate your reply.

While we are on about the spreadsheet can I mention about the FLT trade. You risked $1,000 on this one and the initial stop loss difference was $1.23, as $1,000 divided by $1.23 = 813 shares whereas you have 1626 shares in the spreadsheet. Is this due to the use of Margin within IB at the time or should it be 813 shares.

I've been looking at it and I thought bugger it, ask the question.

Thanks Pav ... Debtfree

It's because we took 2% risk not 1%. Look at the column next to the company one. Then look in cell AA8. I've got $1,000 at risk, rather than $500.

Tech chose to put a bit more on this one.

No worries with the questions mate.

 

[debtfree]

It's because we took 2% risk not 1%. Look at the column next to the company one. Then look in cell AA8. I've got $1,000 at risk, rather than $500.

Tech chose to put a bit more on this one.

No worries with the questions mate.

Ahhh I see, thanks for the explanation Pav I understand that now.

 

[fiftyeight]

Any good books someone could recommend on the setups you guys are looking for? Flags, triangles, consolidation patterns etc.

Might help me follow this thread and the "transition to futures" thread

 

[CanOz]

Any good books someone could recommend on the setups you guys are looking for? Flags, triangles, consolidation patterns etc.

Might help me follow this thread and the "transition to futures" thread

You could try this one...PM me if you want it, i may have access to a copy on sale

 

[fiftyeight]

Thanks CanOz, I think I might have access to that one as well. Going on holidays so Ill have a lot to get through

 

[Country Lad]

You could try this one...PM me if you want it, i may have access to a copy on sale

It is the best one around on patterns.

Cheers
Country Lad