Intro – Glen from Sydney

[GlenPeake]

Hi Everyone,

DAY 1.

This is my first day of my 6 month Trading System Mentor Course.

Thanks to Nick, Trish, Craig and The Chartist Team for this opportunity. Really looking forward to the journey and beyond.

I’ve been a member of The Chartist since around 2008 and have been an Amibroker user since around 2006 (very very very basic AFL coding exposure).

For the past 4-5 years I’ve been trading the 20% Flipper (daily) and Weekend Trend Trader (weekly) on the ASX, Prior to that I used the TECH TRADER code, ASX Power Setups, Growth Portfolio & discretionary. I placed my first trade in April 2000 and have been involved in the markets since. Under performance over this period would be an understatement. So I’m looking to diversify/optimize/open myself up to more possibilities and learn to become a successful systems trader for the rest of my life.

I’m 42 and work full time in IT (so I’m hoping my technical background will be an advantage over the journey). I like to keep fit and healthy by going to the gym, play squash, golf, tennis. I like to read and am currently reading Vince Flynn’s ‘Mitch Rapp series’ and also John Sandford’s ‘Prey series’.

Cheers
Glen

[Nick Radge]

Great to have you onboard Glen and we look forward to working with you on this new chapter.

[RobGiles]

Hi Glen and good luck.

[JustinPik]

Hi Glen,
I am interested to hear that you have been trading various systems for some years and has found “underperformance”.

Do you think this is due to flaws in the systems you were trading or due to implementation of the systems? I have been thinking about trading the Weekend Trend Trader and would really appreciate your thoughts.

Cheers, Justin

[GlenPeake]

Hi Justin, welcome to the Mentor Course.

In short, I’ve been trading Trend following systems exclusively on the ASX. As you might already be aware, trend following on the ASX has been tough over the past decade. Simply put, my trend following systems have been ‘out of sync’ for large periods over this time, additionally the systems I’ve been trading have a large percentage of “Selection Bias” with them, therefore my returns have not been that great when comparing against the backtests for the systems. I.e. I’ve generally been picking the trades that end up being the losers etc.

“out of sync” and “Selection Bias” are terminology you’ll become ‘very’ familiar with and understand as you progress through the course.

So I’m looking to diversify both trading systems and markets to smooth out the equity curve i.e. add a short term system(s) like Mean Reversion and trade it on the US Markets in parallel to my Trend following system(s) on the ASX. I’m still looking to trade the Weekend Trend Trader or a variant of it with less Selection Bias.

Cheers
Glen

[Nick Radge]

Justin,
Julian in here trades the Weekend Trend Trader and he’s a ‘touchy feely sharing’ type so I have no doubt he’ll be on board to help.

That said, don’t jump too far ahead just yet. We’ll assess all that in its rightful place.

Nick

[JulianCohen]

Yup anytime you need to be touched or felt just give me a shout

[Author]

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