Trading review processes

[Naked shorts]

I think me and mrc & co saw it a long while ago; They had some offer with TT as a package but was still heaps expensive.
What irked me most (at that time) was that you had to send your data over the net to them and they'll do the analysis for you and send it back.
As long as you're small fish you should be fine. If you do sizable volume they can accumulate data on you and 'learn' how you trades and your setups etc.
Worse still if you have big open positions that they can squeeze.

well they have a few different products, what you are talking about is their "one time analysis" where you send them all your trading data and they go over it and tell you whats what.

For the standard thing, which is $US100/month, you upload your execution data to their website, they then manually initiate the import process where they match you data up with their market data (dont know why this is manual, I will ask them tonight), and then on the platform you download you can start doing all sorts of stuff to the data.

Its made for short term discretionary trading, you wouldn't have big open positions when you upload your data at the end of the day.

Also, it seems to be half run by people at RCG because all the emails I get are ****@rcgdirect.com

 

[MS+Tradesim]

Anyone else got an equity curve that looks like this? I would like to know if anyone else is doing the improbable. Would make me feel better.

MRC, this is from my Soros inspired idea.

.

 

[Trembling Hand]

NS you should have a look at the new Ninja Trader when it comes out. From what I have seen it will give DNA a run for its money and it will do 1000x more and would be much cheaper.

 

[Trembling Hand]

Anyone else got an equity curve that looks like this? I would like to know if anyone else is doing the improbable. Would make me feel better.

Looks sweet what time period/trade # or how many Rs is that

 

[Mr J]

Very smooth, what's the sample size?

 

[Naked shorts]

Anyone else got an equity curve that looks like this? I would like to know if anyone else is doing the improbable. Would make me feel better.

MRC, this is from my Soros inspired idea.

.

Looks like you have not taken one loss. I would say you are headed for a blowup, whats your average R:R?

 

[MS+Tradesim]

Looks sweet what time period/trade # or how many Rs is that

This particular concept has yielded 45 trades in about 2mths. I realise it's not enough of a decent sample, but just curious if others have had similar curves from discretionary ideas. I'm avoiding conclusions - it's too early yet.

It includes one loss, which is also why results are not meaningful yet.

 

[Naked shorts]

NS you should have a look at the new Ninja Trader when it comes out. From what I have seen it will give DNA a run for its money and it will do 1000x more and would be much cheaper.

Yeah I'm looking forward to it, I really want them to increase their T&S time stamp granularity...Are you one of their beta testers?

 

[skc]

Anyone else got an equity curve that looks like this? I would like to know if anyone else is doing the improbable. Would make me feel better.

MRC, this is from my Soros inspired idea.

.

Nice curve, MS. This is mine from Pairs Trading.



265 trades over 6-7 months.
Max loss ~2.7% so return / risk ~35x.
Max drawdown ~5.4%.
The dotted line below the curve is a MA50 of the closed equity. So I am kind of in a down trend...

 

[MS+Tradesim]

Thanks skc. That's the kind of reply I'm looking for. I take it that your pair trading is more mechanical than discretionary?

 

[Wysiwyg]

Obviously disappointing for me but this was my equity curve from June 2009 to October 2009 (attempting) discretionary short term/scalp trading with CFD mini commodities, FX, indices and ASX shares. Except for a larger loss from a news spike against me (gapped SL); the rest were whittles.

Stopped doing that **** now and certainly learned a lot.

 

[skc]

Thanks skc. That's the kind of reply I'm looking for. I take it that your pair trading is more mechanical than discretionary?

It's a mix.

Mechanical in a sense that it is a mean reversion strategy where signals are generated when the price ratio of a pair moves too far away from their mean.

Discretionary because I check the individual price charts on every trade, and put in a fair bit of time on checking fundamentals. This often means not taking some signals, or waiting a day before putting on the pair. I also exit with some discretion, especially when it comes to taking profits.

The pairs trading journal thread has more info.

 

[skc]

Obviously disappointing for me but this was my equity curve from June 2009 to October 2009 (attempting) discretionary short term/scalp trading with CFD mini commodities, FX, indices and ASX shares. Except for a larger loss from a news spike against me (gapped SL); the rest were whittles.

Stopped doing that **** now and certainly learned a lot.

Is that last data point a really good trade, or a plotting error?

As we are talking trading review... would your results be better if you don't trade around news?

 

[Wysiwyg]

Is that last data point a really good trade, or a plotting error?

I'm fairly sure it is because I withdrew all funds so account reverted back to zero.

As we are talking trading review... would your results be better if you don't trade around news?

Yes that event peeved me much because the BOE interest rates remained unchanged but on the minute the price popped +100 pips regardless. Checked on Forex Factory Forum afterward and there were other posters surprised that such a reaction took place.

So yes, don't trade during news events unless good at two up. I'm more suited to fewer trades for longer durations.

 

[Trembling Hand]

While we are posting our equity curve pr0n, here is mine on the HSI for the 6 days I've been back at it this year. Including commish cost (Note shabby start see Blog for excuses)



SPI & CL results note posted in an attempt to make me look better.

 

[Trembling Hand]

Obviously disappointing for me but this was my equity curve from June 2009 to October 2009 (attempting) discretionary short term/scalp trading......

Stopped doing that **** now and certainly learned a lot.

As this is a review thread would you mind telling us what you learned?

So yes, don't trade during news events unless good at two up. I'm more suited to fewer trades for longer durations.

Of course the only reason you went live was because you had a couple of months on the two up sim? And your results were positive?

 

[Wysiwyg]

As this is a review thread would you mind telling us what you learned?

Sure. I realised that I don't have the skill at this stage to trade short term/scalp on judgment alone.

Of course the only reason you went live was because you had a couple of months on the two up sim? And your results were positive?

No, I needed to make some quick cash.

 

[MS+Tradesim]

I would say you are headed for a blowup,

Now I remember why I stopped visiting here. Because I allowed this stupid comment to affect me, I doubted myself and missed a big winning trade.

So there's a good review lesson. Try to ignore the random noise from people who have no idea what you're doing but feel the need to make uninformed comments anyway. And also sift the advice you receive from people who do know what they're talking about, because it may not apply to what you're doing.

TH, if you ever set up a closed group or forum, invite me over. Love your pr0n.

I'm going dark again. Goodbye peeps.

 

[ThingyMajiggy]

Might as well join the bandwagon, this is my last couple of weeks, doesn't mean much I know but I have been trading when I can, whilst having my regular job also. My aim has been to get more and more consistent. Constant review has enabled me to sharpen up on things, I tend to do more live reviewing like TH when I can, rather than having a set time at the end of the week/month etc. I think its helped my consistency.

 

[Trembling Hand]

No, I needed to make some quick cash.

lol, this is a joke - surely?