I am happy to note that since my last confession, my account has recovered from the drawdown. Were it not for platform fees, I would be positive on the year.
Since I trade mean reversion strategies, I’m not sure if this means that the markets are slowly returning to a more “normal” (whatever that is) environment where there will be dips to be bought and spikes to be sold. I sure hope it is. This slow motion melt up has been very difficult to adapt to, mentally. Since I have not changed anything about my systems or trading, I can only assume that it is the market environment that is shifting.
There is something about trading through a drawdown that I found surprising. At some point, I quit caring that I was losing money. Honestly, I just became numb to the whole thing. Whether it was coincident, or not, who knows, but when I quit caring about losing, my account began to recover from the drawdown, almost to the day.
It is also worthy of noting how my capacity for consumerism changes depending on whether or not my systems are working well. When everything is firing on all cylinders, I notice that I start scoping out new LCD televisions and other things that I do not need.
Having the AmiBroker platform to work on has catapulted my system development in many new directions. I like it much more than Tradestation, mainly due to the coding being much easier. I find many parts of AmiBroker to be much more intuitive to use than Tradestation.
Anyway, when my account value surpasses the influence of platform fees, I’ll post a YTD equity curve. That is, as long as mean reversion continues to gain some traction in this market.
Haha, I broke the rules and avoided a drop, then missed a nice friday bump. Oh well, I have an excuse, visitors in town. My testing is moving toward multiple positions to get even when things stretch beyond reason, thinking about a lightspeed account to cut down on fees
Lightspeed?