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January 16, 2016 at 10:17 pm #101381Nick RadgeKeymaster
We’ve got a solid team of resourceful and dedicated systems traders in the room, so it would be good if you could briefly introduce yourself, tell us a little about yourself and goals and aspirations for your trading.
Don’t be shy…here’s some things you may not know about me…
I currently trade 5 systems in two accounts. Over the years the systems have changed as have the number of accounts from 3+ down to 2. I divide my trading into two categories; trend and mean reversion.
Trend:
Growth Portfolio – mid term trend following strategy that trades ASX Small Cap industrial’s. This strategy is very similar to the Bollinger Band Breakout strategy outlined in Unholy Grails. Average hold time is 8 months with an average of 40 round turn trades per year
US Momentum – this is my newest model which began trading in November 2015. It is a classic rotational strategy that operates in the S&P 500 universe. It also operates well in Australia but at this stage I only trade the US. Average hold time is 4 weeks with an average of 80 round turn trades per year.
Mean Reversion
High Frequency – this strategy is an adaptation of the US Original strategy designed to trade at a higher frequency and is my core US mean reversion system. Average hold time is 4 days and does some 800 trades per year in S&P 500 universe.
US Original – I use this as a spillover strategy that will ‘top up’ any signals that the HFT doesn’t produce. In other words, I take all signals but drop any duplicates that the HFT has already signaled. The goal here is to trade my funds as hard as possible.
ASX Mean Reversion – this is basically the same strategy from Earn a Second Income series but with a few tweaks. Its traded on the All Ords without the Index Filter. In other words, it’s long only but will also trade during market declines.
January 17, 2016 at 5:56 am #102321AnonymousInactivehi all. i’m a forecaster for the bureau of met and have had fun over a number of years hacking/developing code to do “pretty” things with model data. so when a friend mentioned unholy grails… it seemed easy to download amibroker, get some quality data and start hacking away on some strategies and run a few backtests. i soon realised that the rabbit hole was a little deeper than i first thought!
my initial goals and aspirations for this course is to come away with the confidence and skills to trade and develop/maintain a short term and longer strategy across the australian and us markets.
my plan is to keep working while trading with a 5 to 10 year plan of cutting back to part time if things go well.
enjoying the course and the journey so far!
cheers,
darrylJanuary 17, 2016 at 8:55 pm #102336SaidBitarMemberHi all,
I got interested in trading in 2010 when my coworker told me that he had some shares in gold mining company EGO (Eldorado gold) and they were making lots of money for him. Instead of opening broker account to trade stocks I opened online account for CFDs and I was under capitalized and I was trading gold with no clue about anything just hit buy and sell buttons and mainly X200 leverage. as expected it did not take long before I lost my money. I stayed like this till 2012 I blew out my account three times mainly because did not know anything and I was under capitalized which was good otherwise I will lose all my money.
I decided that trading is not for me.
Mid 2013 I received a tip about NOK (Nokia) that soon they will go huge up, I work in telecom and worked for nokia for over 6 years, the guy that gave me the tip was a big manager so I said he knows what he is talking about but still I did not buy. till one day when the announcement that MSFT bought the mobile business from nokia hit the news and the prices started to fly high. that day I realized that I should have bought before, so I contacted my bank opened account and after few days I put the order to buy Nokia till that time the price was 7.8$ / share so it went up down up down and I was going with it. finally I sold it and it was OK trade, mainly because of the dividend that was paid.NOK experience taught me 2 things first that you can make money trading, second that I do not know how to trade.
I started to read books about trading, I was searching for answers for these questions what to buy, when to buy, how many , and when to sell. every book I read I used to program the idea in it and see the result I did not know about amibroker or any back testing software what I know is excel vba, SQL database visual basic and C# and with these I built my back testing software lots of hours to write and even more to run.
I stayed like this till I came across one video on YouTube for Nick (What Makes a Successful Trader?) then I said to myself this is what I am looking for I saw the video couple of times then I bought the unholy grail after reading it I said to myself now I am on the correct path. so I got amibroker, data and started coding BBO. the results were good I started trading it along the way I found out that I had some mistakes in the code. so I bought the strategy from the Chartist along with second income strategy. based on the BBO I made the WTT strategy and I trade it.
at the moment I trade three strategies one trend following and 2 mean reversion with almost same money allocation between trend following and mean reversion (2:1:1)
this is since mid 2015 and all of us we know how the market was since then till today.my aim from the course is learning the tricks and the mind set that will change an ordinary system to a better system
wow i talked so much :blush:
SaidJanuary 18, 2016 at 11:48 pm #102337TonyStevensonMemberGreetings all
I’ve always had an interest in the sharemarket but was long on ideas and short on risk capital during my 20s-30s. I was attracted to the idea of a systematic approach via earlier books such as O’Shaunnesy’s “What works on Wall Street” but frustrated that they covered USA and not AU. Studying economics wired my brain to think in terms of models. During these times I stumbled around buying on a whim things like AAPL (should have held those) and TLS (very late to the party in T3). I lacked any systems and was emotionally driven. No wonder I didn’t succeed.
Been in IT my whole career. I was fortunate to be the founding Marketing Manager at MYOB. As we grew the business from startup to multinational I enjoyed the challenges and benefits from being a public company executive – 1999-2008 – and then the private equity world of 2009-2015. It was an interesting journey living through corporate roller coaster and being an ‘insider’. I am retired from MYOB now but (disclaimer) still hold shares from when it relisted (May 2015).
During my 40s I had access to more capital and pushed on with investing mainly through managed funds and using modest leverage in AU 2001-2007. I didn’t have complete confidence in approach and as valuations heated up in 2007 I liquidated most holdings. So managed to side-step GFC but missed the last run up in that bull market. By a fluke I progressively started re-entering the market in March 2009 (as the market turned up).
Since GFC been trying to find more science and rigour to my approaches while aiming to quell emotional rollercoasters. Discovering ‘trend following’ and through further searching finding Nick Radge has been fantastic. Was really taken by the quality of thought and rigour in “Unholy Grails” – it was that systematic book for AU investors I’d been searching for 25+ years. I’ve been trading Growth Portfolio in AU and Weekend Trend Trader using Amibroker and High Frequency Strategy in USA.
So here we are – I am 51, retired stay-at-home dad trying to get some life balance and help our 3 kids get through high school and uni (oldest starts uni this year).
My aims in joining
* Intellectual stimulation
* Develop strategies for wealth preservation and growth with my trading in US and AU.
* Unlearn some bad habits – eg jumping out of winning positions, jumping on speculative trades
* Develop confidence in systems to more effectively quell emotions and persist with them
* Get off the learners cycle
* Develop perspective that encourages patience – inclined to want to trade more often than is idealLooking forward to sharing the journey.
PS I am on Skype now and then – tony.stevenson
January 19, 2016 at 12:20 am #102322AnonymousInactiveHi everyone,
I have worked in financial markets for the past 10 years, after studying Agricultural Economics at uni. I started off as an assistant broker, which I quickly realised wasn’t for me, not knowing when I started that to be a good broker required good sales skills more than anything.
Since then I have worked as a technical analyst across commodities and equities, and later on in a role that combined providing analysis and also trading. I have always approached markets from a price point of view.
My trading experience to date has been what I would call “rules based discretionary”. I have a trading plan outlining the necessary criteria needed to take a trade, but there is room for judgement. I have several set trade management rules that I follow, but they don’t cover all the trade management decisions that I make. I prefer a more active than passive approach, being in trades for days to a couple of weeks, and have had more success with equities and commodities.
As part of being a discretionary trader, I believe knowing yourself, strengths and weaknesses etc is very important, so I have worked with several psychologists and coaches in the past. As part of this, I believe I have qualities better suited to systems trading than discretionary.
So my journey down this path of systematic trading started about 6 months ago and to date has largely been reading lots of books and articles on quantitative strategies. However, without any coding experience, I have lacked the ability to put that research to good use. Which is where this course comes in. Very timely!
I only downloaded and started to work through Amibroker yesterday, so I have a bit of learning to do on the basics of the platform before getting into the good stuff.
I work full time, am 33, married, with 2 young kids who are 4 and 18 months, so it will be a busy 6 months ahead, but I am really looking forward to it.
Regards
Oliver
January 19, 2016 at 1:22 am #102396LeeDanelloParticipantHello, My name is Maurice and I’m 54 years old with an engineering background. I became interested in the markets in the late 90s just before the tech crash. At that stage I just watched from the sidelines and read the Aussie stockmarket forums about normal everyday people making lots of money trading ASX tech stocks like Davnet and wondered how I might join in the fun. Fortunately I took a paasive approach and watched from the sidelines as the Nasdaq and other markets came crashing down not long after. I knew then that the market wasnt a place where you could muck around with 2K and a handful of Darryl Guppy books and that’s when found I Nick Radge and Reef Capital. Ever since then I’ve wanted to know how the professionals did it and have bought plenty of books, been to a few seminars and even did a the old SIA technical analysis course. Even though I sarted out as a discretionary trader, I’ve always believed that my personality suited mechanical trading, as this suits my analytical bent. The problem arose that in order to become a mechanical trader you need to be able to code (to some degree) and also understand how to stress test a system. This is where this course will fill in the blanks. By the end of this, the shroud of secrecy will be unveiled and I’ll have a lot more tricks in my tool bag. I’m sure in years to come I will see this as a turning point!
January 19, 2016 at 3:03 am #102397TrentRothallParticipantHi everyone,
I am 24 and I have only been involved in the markets for about 2 years, previous to this I was actually an electrician, when I was 21 I had a sporting accident which had left me with a fairly significant physical disability. I soon realised that I was not going to be able to continue with any physical forms of work. I had always had the markets in the back of my mind prior to this but to be honest when I was 20 I better things to do.
So basically I started to do some research on the markets and how to get involved but I was just going around in circles, and then on the off chance while I was speaking to someone I knew and he used to be a client of Nick’s and mentioned that a good place to start would be to get in touch with him. Basically from that point on Nick has been my trading mentor, he then sent me some of his books and I started to gain some knowledge that I felt I could actually use. Originally I started discretionary trading in the US and in Aus but i found myself drifting towards a mechanical approach and this course is a perfect way to fast track that learning process and gain knowledge that otherwise would take years.
So for the past few years I’ve been on a steep learning curve but I feel I am well on the way to where I want to be thanks to Nick and Trish.
Feel free to contact me on skype trent.rothall
Thanks
TrentJanuary 19, 2016 at 6:13 am #102399ChrisViridesMemberHey Everyone,
My name is Paul, I am 36 and I am kinda married with an 11 month old and one more on the way. I currently live in Perth but we are moving back to Brisbane in the next month.
My trading experience is really minimal. I went to a financial advisor about 2 years ago, hoping he could help me put my finances in order. Came to the realisation that he had no idea. After trawling the ASF forums a few people recommended this site. Since then I have only traded Div Momentum and US Discretionary Power Setups.
For the past 6 years I have been an online poker professional after working as a software engineer for 7 years. This course appealed to me due to the one on one mentoring, and the coding.
Currently I am up to section 2 module 11. If you want to talk to me i am paul.leavitt on skype.
January 20, 2016 at 11:29 am #102323ScottMcNabParticipantHi All,
My trading experiences have been limited and sporadic. I bought ASX options for approximately a year back in 2006 (I think). I used Metastock to download data after 3pm and tried to trade pullbacks within the overall trend by placing the order just before the close (after first using some system or other to check the pricing of the option) . This was done by phone and then relied on sms messages (seemed high tech at the time) the following day to inform me when price levels (good or bad) were hit. I was working full-time (on teeth…enough said) and often struggled to get to the phone. My stomach would churn as I heard my phone “ding” every few minutes sometimes fearing the worst but unable to stop what I was doing and check the messages. At the end of the year, I had made almost nothing and suspect I was lucky to get away with that…trading with the trend might have saved me.
From there it was, of course, a tilt at day trading (cfd’s this time with IG) but without any real approach other than using Stoch and MAs to again try and re-enter in the direction of the trend following a pullback. My trading was then shelved with the arrival of children (three beautiful girls) and another uni degree (mid-life crisis….should have just bought a convertible) but I continued to derive enjoyment from reading books on trading (the current being “Stocks on the Move” by Andreas Clenow…my limited coding and rusty statistics meant I haven’t been able to test it…I can’t get past the R-squared for stock ranking but that is a post for another time..perhaps at the end of the course). I downloaded Amibroker about six months ago and have written some very basic systems. This is a reflection of my lack of coding ability than any philosophical quest for robustness.
Currently, my trading level is probably best encapsulated by the statement “A little knowledge is dangerous”. I have found many errors in the systems I have designed to date (damn zigzag indicator) and suspect more remain. When I found out about Nick’s Mentor Course the timing seemed too good to pass up even though I am working 5 days full-time and weekends part time. I spend at least an hour a night either writing (crappy) systems or reading trading books simply for enjoyment so I plan to better utilize that time with the Mentor Course…..that is, as soon as I get back from Noosa where I am relaxing (?) with the kids before the school year kicks off again. I am only up to module 6 so I better get cracking.
Regards
ScottJanuary 20, 2016 at 2:40 pm #102324tombau456MemberHi All,
My name is Steve. I have always had an interest in trading and over the last 15 years I have managed to get involved with my fair share of “trading educators”. I have somehow managed not to blow up my trading account. By chance I happened to end up at a free trading seminar that Nick held in Perth around 2007. I remember being so enlightened by that seminar. Since then I have been chopping and changing but mostly following along and trading one of Nick’s portfolio’s.
After 15 years of chopping and changing my strategy I realised that the time was near to either get myself out of the beginners cycle or give up on my trading aspirations altogether. When I noticed that Nick was doing this course I thought this is my chance to finally get a real trading education.
I have not had any such coding experience but this type of systems trading is far more appealing to my personality and lifestyle than discretionary trading.
My wife and I own and run a furniture store in the South West of WA. We have 3 boys and a new puppy. We love spending time at the beach and out mountain bike riding. I look forward to the next 6 months and taking my trading to the next level in 2016.
January 20, 2016 at 8:22 pm #102420Nick RadgeKeymasterThanks Scott. Welcome aboard and I hope you’re enjoying your time here in Noosa paradise.
Quote:“Stocks on the Move” by Andreas Clenow…my limited coding and rusty statistics meant I haven’t been able to test it…I can’t get past the R-squared for stock ranking but that is a post for another time.We’ll be able to help you with this down the track.
January 20, 2016 at 8:23 pm #102421Nick RadgeKeymasterThanks Steve. Great to have you here – we’ll get you over the line.
January 24, 2016 at 12:29 am #102325AnonymousInactiveHi Folks
Live in Brisbane, 48, 3 kids 2 at uni and 1 at high school. My employment is international project management and hence travel far too much, but am hoping to scale that back over the next year or so.
I have been mucking around with Asx shares for about 10 years. Mucking around is probably the best description, more aptly described as the beginners cycle. Read a lot of books and far too many “newsletters”!
My aim for this course is to develop the confidence, mindset and skills to implement sound trading strategies and to block out the noise. I don’t have monetary or performance goals at this stage, they will come once I have the mindset and confidence right. I manage our SMSF and a small personal portfolio. I don’t think I have got to the fully systematic stage yet, or more likely the confidence to trust any systematic system. I appear to be more comfortable with being rules based discretionary, or is that systematically discretional!
I had zero coding experience and very limited IT knowledge, so I think I have been performing the dunce role in that regard so far. Thanks Nick and Craig for your patience!
Cheers DarrynFebruary 5, 2016 at 4:22 am #102398AnonymousInactiveHi all I’m Craig
IM 42, 5 kids and an underground coal miner with a cert lll in mining. With very LIMITED IT and computer skills but hoping to rectify that my goals are to complete this course and gain a wealth of knowledge whilst increasing my confidence and skill set. I have dabbled in trading for a few years now and have found the more I delve into the market the more interesting she becomes.February 5, 2016 at 10:01 pm #102326GeorgeBaiyaMemberGood morning everyone
I’m Sue and meant to introduce myself when I first joined 3 weeks ago but got hooked on the course materials…so much to learn and do, and time flies very quickly!
I’ve always “enjoyed” trading, my early exposure had been very positive where IPOs always brought great returns and listening to rumours made money but I realise later that was pure luck, when I got into in blue chips that never sprouted.
It was some 15 years ago that I was first introduced to technical analysis, bought Amibroker straight away, read many books, spent hours on the internet but ended up having developed only one very basic stock scan code in my afl library. Programming is not my forte, in fact I’m a little scared of it, but reckon if a professional like Nick believes the course can equip anyone who is willing to commit with the foundation and knowledge to develop the right skillset for trading then a golden opportunity has come my way. Going through the course now everything seems so familiar yet so foreign, but what’s clear is there are lots of catching up for me to do.
Currently a full time employee, I’m really motivated to leave the rat race. My goal is to develop the knowledge, skills and discipline to trade with confidence and have a proper trading plan in place, and turn my wishful thinking into reality. I’m in Brisbane and would love to connect via email [email protected] or skype jcjcjc2007.
Cheers
Sue -
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