Strategy Results for the Week
Friday, June 13, 2008 at 2:26 pm
I did close out some very profitable trades Monday, but I did not include them here, as they were included in last week’s mark to market summary.
This week saw 3 trades entered, and all three were closed with gains. The peformance summary shows 9 trades, but that is because I scaled out of the 3 initial positions.
Psychologically, this week was a difficultﾃつperiod to be buying weakness, but it did pay off.
Since the inception date of May 19th, the strategy account is showing a return on initialﾃつcapital of 4.5% and an annualized rate of 63.53%
If you can pound out 4% -4.5% every month, you will be a superstar, outperforming 99.9% of fund managers.
A 0.72% drawdown is outstanding! (Did I read that right?).
Wood,
100% success rate.
That’s my favourite number.
The style you are trading, sort of 3yds and a cloud of dust…will make you rich.
jog on
duc
Duc,….assuming the taxes don’t take a 1/3 pound of flesh on realized gains.
ADawg, thanks. That’s my goal. Just take the high probability setups, and compound the gains. Actually, I have yet to have the entire $$$ amount allocated in the market at one time. You could say I’m still getting a feel for how the system trades in real-time.
And the drawdown was correct, for this week. Max drawdown since inception has been .85% of initial capital. Keep in mind I’ve not yet been fully invested. That will increase the drawdowns.
Duc, so far 17 trades entered, and 17 trades closed, all winners. Sounds familiar, eh?
Woody, Those numbers are “sick”.
Good luck with your system, and keep us updated.
Wood,
17/17
“The empires of the future, will be empires of the mind.”
jog on
duc
Hip Hip (Everyone Else–>) Hooray
Hip Hip (Everyone Else–>) Hooray
Hip Hip (Everyone Else–>) Hooray
Im sorry what strategy is it that you are using? The RSI(2) ???
Nice week! Do you have a link of your trades or your system?? thanks and good luck next week
Quote ﾃ｢竄ｬﾅ撤sychologically, this week was a difficult period to be buying weakness.ﾃ｢竄ｬﾂ
So very true. Following my own RSI(2) system, I am long China (FXI), Brazil (EWZ) and the Russell 2000 (UWM). I had to force myself to pull the trigger on these trades. But I have confidence in this system.
It reminds me of counting cards in 21. If you have 16 and the dealer shows 17 you have to hit. It doesnﾃ｢竄ｬ邃｢t matter how you feel about it, or how much youﾃ｢竄ｬ邃｢ve bet. The system only works if you follow the rules.
Iﾃ｢竄ｬ邃｢ve discovered itﾃ｢竄ｬ邃｢s easier to find a system that works than it is to follow it. I wonder why that is?
aae and Pedro, under categories, there is link to a post on the system. It is based on RSI2. I am not posting the trades before they happen because one can easily determine them himself, and also because slippage is becoming an issue. However, I am verified by Covestor, so you can track the trades there, but they typically are 24 hours behind.
Bob, the hardest part is always following the system. I unloaded my strategies trades prematurely today, before the system would have had me exit. Had I held on to the close, I would have probably squeezed out another .4% of gains. I just happened to not have to work today. Had I been at work, I wouldn’t have traded at all, and I’d be up even more. Funny thing is, my main goal was to get a system going that didn’t need to be traded intraday.
Excellent. My breakeven stops got hit before that EOD rally so I missed part of it as well.
my late congrats to you on this one.
now, if i recall correctly - the main problem with a public trading strategy is that if everyone starts using it, the value of the returns will diminish.
any ideas on how long it will take to get to that point?
Cuervo- I’m wondering if you would take all the issues in the leveraged ETF universe, and then all the ETFs in the non-leveraged universe, and then all the stocks in the stock universe, and tell me how many combinations of trades there might be during any given week, using RSI(2) as one component of a setup.
Then, I think you’ll have the answer you’re looking for.