Why do people blog their trading?

[theasxgorilla]

lol, not sure nizar but I thought you could only lose 100%.

With leverage your liability can exceed 100%.

 

[nizar]

lol, not sure nizar but I thought you could only lose 100%.

Incorrect.
2 exits.
1. Profit exit of 100% (ie. exit at 100% profit)
2. If exit 1 is not met, sell after 3yrs holding time (time stop).

 

[stevo]

Nizar
I have been travelling / working far to hard (for me) of late - and unfortunately not surfing. I have migrated to bodysurfing in my old age Nothing could be simpler.

Fortunately I am not a day trader.

I would suspect a system with this sort of exit to perform rather poorly in a bear or sideways market.

Possibly. I have a love / hate relationship with profit exits (and timed exits). I have been working on a system for some time now and having the profit exit reduced drawdown, but other system factors are probably working in unison with the exit. 100% is not a lot to take out of the market if you are looking at a long term system. I'd go for over 200% because then there won't be that many profit taking exits. Most exits would be made with a trailing stop.

Another system that I worked on with a friend had quite a timed exit and was pretty simple - buy on Monday and sell on Friday in 4 weeks time. It seemed to do quite well in terms of drawdown but at the moment is far too short term for me to trade.

Entries are underrated but can have a major influence in a bear or sideways market for traders that prefer to trade the long side only.

I wish I knew it all but I don't - there are more questions than answers when it comes to the markets. I don't want people to follow my advice on trade entries and exits because they will probably blame me if they lose. But I encourage system testing and system trading - quite a revelation when I first set up Trade Equity in Metastock and started on the system testing path.

Strangely many people that trade the markets don't seem to be interested in testing their system - or even have a system to work with.

stevo

 

[chops_a_must]

I would be interested to know if anyone would be interested in reading a blog dedicated to philosophical and ethical aspects of the market? Because it is predominantly ethical investments I make, and ethical "trades" I take. After all, it is the philosophical basis and aspects of the market that have got me hooked in the first place...

 

[theasxgorilla]

I would be interested to know if anyone would be interested in reading a blog dedicated to philosophical and ethical aspects of the market?

I'm always interested in reading more about people who are trading the markets, especially the local markets. You might as well start one, install googleanalytics and observe what happens. At the very least I guarentee from where you start you'll be in a different place in 12 months time...and that's exciting

 

[wayneL]

I would be interested to know if anyone would be interested in reading a blog dedicated to philosophical and ethical aspects of the market? Because it is predominantly ethical investments I make, and ethical "trades" I take. After all, it is the philosophical basis and aspects of the market that have got me hooked in the first place...

Chops,

It's a HUGE blog audience out there and there would certainly be plenty who would be interested. The trick is in reaching the target audience. This is getting easier with the help of tools available and plenty of helpful advice out there on how to grow your audience.

Apart from that, as G says, an interesting journey of self discovery.

Cheers

 

[chops_a_must]

Chops,

It's a HUGE blog audience out there and there would certainly be plenty who would be interested. The trick is in reaching the target audience. This is getting easier with the help of tools available and plenty of helpful advice out there on how to grow your audience.

Apart from that, as G says, an interesting journey of self discovery.

Cheers

Thanks for the votes of confidence guys.

I've created my own blog now: Measuring the Incalculable; Valuing the Intangible. You can tell by the blurbs as to what it will be about. It should be fun, because it doesn't look like there will be many like it, and I'm glad about that.

I'll let you know when I update. Might involve lots of "Greeks" for you WayneL, but perhaps not your type of "Greeks". Lol!

 

[ducati916]

Thanks for the votes of confidence guys.

I've created my own blog now: Measuring the Incalculable; Valuing the Intangible. You can tell by the blurbs as to what it will be about. It should be fun, because it doesn't look like there will be many like it, and I'm glad about that.

I'll let you know when I update. Might involve lots of "Greeks" for you WayneL, but perhaps not your type of "Greeks". Lol!

Chop's, I shall add you as of today to my blogroll even though you have no posts as of the moment.

I assume that some will be forthcoming in the near future. I look forward to your perspective.

jog on
grant

 

[chops_a_must]

Chop's, I shall add you as of today to my blogroll even though you have no posts as of the moment.

I assume that some will be forthcoming in the near future. I look forward to your perspective.

jog on
grant

Yep. My first blog is just up with many more to come.

And especially for WayneL, it includes some greeks and some chit chat about "reckoning".

First post is entitled The Long Walk.

Cheers,
Chops.

 

[It's Snake Pliskin]

Yep. My first blog is just up with many more to come.

And especially for WayneL, it includes some greeks and some chit chat about "reckoning".

First post is entitled The Long Walk.

Cheers,
Chops.

Chops,

I missed the point of your first post.

 

[chops_a_must]

Chops,

I missed the point of your first post.

A browse of the XAO analysis thread today should highlight the importance of such trivial things and "sure footings".

 

[Temjin]

Isn't most, if not all, blog traders are discretionary? That is, they depend on their own judgement on technical analysis to make their trades? Systematic mechanical traders like me never think about blogging our trades. It would bore the hell out of readers cos it's never creative. haha

 

[wayneL]

Isn't most, if not all, blog traders are discretionary? That is, they depend on their own judgement on technical analysis to make their trades? Systematic mechanical traders like me never think about blogging our trades. It would bore the hell out of readers cos it's never creative. haha

Not true at all.

Wot about stevo?

http://drawdown.blogspot.com I think.

Many others too.

 

[Freeballinginawetsuit]

Yep. My first blog is just up with many more to come.

Cheers,
Chops.

Especially like the link too , nice smile!
http://www.blogger.com/profile/01277787903922158551

 

[nizar]

Not true at all.

Wot about stevo?

http://drawdown.blogspot.com I think.

Many others too.

Yeh i can think of asx gorilla's blog and Ronin's as well.
They are both mechanical traders.

Mine should be up and running shortly.
Just having some trouble posting images

 

[wayneL]

Yeh i can think of asx gorilla's blog and Ronin's as well.
They are both mechanical traders.

Mine should be up and running shortly.
Just having some trouble posting images

Use your own html code and a third party image site like tinypic.com is best imo

 

[wayneL]

Use your own html code and a third party image site like tinypic.com is best imo

<img src="imageurl" /> for a straight up image

<img src="imageurl" width="200" /> if you want to resize it to say 200 pixels wide (you can use a "height" tag as well if you want

<a href="imageurl"><img src="imageurl" width="100" /></a> if you want a 100 pixel thumbnail that links to the full size image.

fwiw

 

[nizar]

Thanks Wayne for the info.
I will try in the morning.

 

[It's Snake Pliskin]

A browse of the XAO analysis thread today should highlight the importance of such trivial things and "sure footings".

 

[chops_a_must]

In the philosophical application of anything, the definition of words being used is vital to avoid confusion.