CT Journal

[ChrisThong]

Thanks Nick. I watched that video when you posted it in one of the post created by Kate. I believe that I am doing it in the same way as in copying the Net P&L number to the CFTC sheet. I find the number in the CFTC sheet does not agree to my IB account balance and perhaps it is my user error.

[KateMoloney]

Is your balance out by a little or by a lot?

Have you added or withdrawn funds and not recorded it on your STT?

Have you checked your IB statements for other incidentals not on STT, eg interest, currency conversion, other fees

[Nick Radge]

I’m around today Chris if you want me to take a look. Hit me up on Skype. Else book a call.

[ChrisThong]

Hi Kate,

It is out by a fair bit. The issue is STT has more than IB. Hence, it suggests that there are some errors in it.

[ChrisThong]

Sorry Nick, I just read your message. I will book a call with you sometime next week.

[ChrisThong]

May 2022

US Market

MR#1 +1.77%

MR#2 -2.40%

AU Market

ASX 100 Rotational +3.84% (current in DD at 17%)

I ceased trading MR#1 mid May 2022 to make way for the MOC system. 

I have two fills this morning for the MOC system, which will be trading R1K and R2K. 

[ChrisThong]

June 2022

US Market

MOC#1 -9.11%
MR#2 -4.51%

AU Market
ASX100 – Nil – 100% cash 

 

[ChrisThong]

July 2022

US Market

MOC#1 % +0.16% (DD 8.7%)
MR#2 +3.6% (DD 15.22%)

AU Market
ASX100 – Nil – 100% cash 

[ChrisThong]

August 2022

US Market

MOC#1 % -6.38% (DD 14.14%)
MR#2 -3.3% (DD -18.02%)

AU Market
ASX100 – Nil – 100% cash 
Growth Portfolio -0.39% (DD 3.44%)

DD = Drawdown from equity high

For MOC, there were a number of small losses, however CAL and CLAR did the most damage. 

For MR#2, it was CLAR that did the most damage. 

Monthly rotation turned on in Sept and here we go!!

Also, I took advantage of the EOFY deal that Nick offered and subscribed to The Chartist. 

[ChrisThong]

September 2022

US Market

MOC#1 -0.49% (DD 14.56%)
MR#2 +1.68 (DD -16.65%)

AU Market
ASX100 Rotational  +1.27%
Growth Portfolio -5.29% (DD 5.88%)

DD = Draw down from equity high/capital for newly started system. 

So far the DD for MOC is more than the historical max DD, it is uncomfortable but not need to alarm for the moment. Also, September 2022 is the month where I started using the TradStation API, so far it is working as expected. For that, I thank Ben and Craig. 

For Rotational, lithium stocks like PLS and AKE did the heavy lift. All opened position will be sold on Tuesday when market open and back to cash. 

For Growth portfolio, I did a very stupid thing and lesson learned. Nick says not to chase the position and I did, and lost some money there. Greed took over. 

Good thing for October 2022 is that I am heading for a cruise on 5/10/2022 for 4 days to Moreton Island. It is my virgin trip for cruise and I am looking forward to it and do nothing! However, it will be tricky to trade while on the ship. Carnival says that there will be Wifi on board, so let’s see!

Good luck to all those read my post for October 2022 and keep pushing the buttons!!

[ChrisThong]

A note to my future self. 

Ticker: RHI

1. I loaded a set of limit orders using TradeStation API, including the limit order for RHI to buy at $77.76;
2. RHI had a gap down and opened at $65.4;
3. TradeStation API sent my order to the market and was rejected due to the difference between my limit order and the market price (which I understand and accept it, and no complaint about it too!);
4. RHI closed at $73.01. 
5. Reconciliation of trades for the session using AB and it shows that the trade of RHI was entered and this is because it was coded to buy either at limit order, or at open. 

In reality, I could intervene and put in a market order (if I were awake, I slept at 10pm), but I did not as I was asleep. I have sent an email to API developer asking whether the API could do the following:

6. Forget about my limit order as ticker opened much lower than limit price;
7. API to send a new market order. 

I have sent an email to the API developer and let’s see whether this can be done. 

To the readers of my post, may I know what would you do? Thanks and keep trading!! 
 

[JulianCohen]

If I were awake I’d have placed the order…after all it’s a mean reversion strategy (I assume) and big moves down before the open are often the ones you want to catch.

See if the developer can monitor the live price stream from Tradestation and place orders if the limit price is within a percentage of the live price. For situations where the limit price is well above the open, the API should place a market order at the open.

If this is possible then you can have a lot more control of the order set…you won’t have orders sitting on the order ladder all day, they just get placed when you are close

[ChrisThong]

Thanks Julian and yeah, I would place that trade myself, if I were awake, but sadly I was not. It is for my MOC system. As far as I aware, the API monitors the price in live action, as I have to subscribe to live pricing to start with, so this option is enabled. 

For those that are using the TradeStation API, you would come across this option named “OrderActivationDistPct”, as I understand, it allows me to set the distance from my limit price for the order to be place. From the API notes, 0.1 means 0.1%. In this case, RHI was trading 17% below my limit order, hence, I suppose I should set it as 20% or more, but then it apply generally across the board for every oders. 

I asked Harrison, the developer, whether a market order can be placed when the share opened with a gap down and below the limit price, which he said “yes”. I will provide more info.  

[JulianCohen]

It looks like you have everything you need to make a very efficient API there.

In the case of RHI you wouldn’t need to worry about the 20% thing as it was pre-market it was trading there. So set the OrderActivationDistPct at say 0.5 or 1 and have the developer code it so that if it is within that level on the open to place a limit order at open but if it is lower than that level at the open to place a market order.

I can tell you that with IB I have an API that does this and the OADP is set to 1%….never had an issue with that level

[BenOsborn]

Hi Chris,

Did TradeStation reject the limit order as it was too far away from the current price?

I haven’t come across this issue myself yet. I checked a couple of recent trades where they opened below my limit order price and they entered ok (one was 11% below).

With the market order you might want to consider if it will cause much of an issue when price gaps just below and then rises really quickly as there is a low volume of shares available. Then you will be getting filled at a much higher price than anticipated.

Maybe this isn’t much of an issue. I’m think of those times when price seems to spike down quickly and pick up 100 shares well below where it is really trading (if that makes sense).

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