Nick Radge – Daily Journal

[Nick Radge]

Just remember that using a LIT order could mean you miss an open gap down in the opening auction. The LIT order will only become active AFTER the open auction.

[JulianCohen]

Nick Radge wrote:

Just remember that using a LIT order could mean you miss an open gap down in the opening auction. The LIT order will only become active AFTER the open auction.

So what do you think? Is it 6 of one and half a dozen of the other? I guess we have to try and see what happens.

We know for sure that our results on the ASX are not equivalent to the backtest at the moment due to missed trades.

[Nick Radge]

I’m going to use it for awhile and see if it makes a difference. If there are large down days in the US I may revert back to LMT.

Below was the late trade I did on Friday using LIT in AGI. Absolute low of day and yes, got a 100% fill. Sample size of 1…

[Nick Radge]

So I had a LIT order in for CNU at $4.15 this morning.

Open was $4.12.

I rec’d a partial fill of about 75% of my volume at $4.12 then the balance at $4.14 for an average fill at $4.125.

This suggests to me that opening sellers offered over at $4.12 of which I got the 75% allocation. My order then paid up to the next offer at $4.14 for the balance, although I note that came in two tranches about 15 secs apart.

Chances are that had the excess offer at $4.12 not occurred then I would have missed that price.

[JulianCohen]

Nick Radge wrote:

So I had a LIT order in for CNU at $2.15 this morning.

Open was $2.12.

I rec’d a partial fill of about 75% of my volume at $2.12 then the balance at $2.14 for an average fill at $2.125.

This suggests to me that opening sellers offered over at $2.12 of which I got the 75% allocation. My order then paid up to the next offer at $2.14 for the balance, although I note that came in two tranches about 15 secs apart.

Chances are that had the excess offer at $2.12 not occurred then I would have missed that price.

What do you think would have happened if you had a LMT order?

[Nick Radge]

Completely filled at $4.12. Closed at $4.00

[JulianCohen]

so we are back to 6 of one and half a dozen of the other.

Amazing that this occurrence happened on the first try.

[ScottMcNab]

I got a few thousand CNU with LMT this morning at 4.11…..closed out at 3.97….not sure how I lucked out on the extra few cents in the closing auction…beautiful trade all round

[Nick Radge]

My mistake – close was $3.97.

[Nick Radge]

August

ASX
Growth Portfolio: +4.2%
MR: -2.3% (system paused)
DTVI: 0%

US
HFT: -4.25%
Momo: -0.2%
MOC: -2.96%
DTVI: +3.6%

Notes:
(1) The ASX MR has been paused for several reasons, the main one being is that comm’s have now outweighed net profit which is a big no-no for me. Buggered if my broker is going to make more out of it than me. Performance has been lacking due to missing fills on low of day although the LIT order seems to have improved that a little (sample too small). There is no selection bias. Another reason is that I’m traveling a lot in the coming months, and some of that will be completely off the grid with no internet and it won’t be possible to trade shorter term systems. During this time I’ll take a think about the benefits of ASX short term trading. It could be that I revert to just the ASX-100 where liquidity is better. The system holds up ok on that universe.

(2) The US DTVI has started off well. Being an aggressive strategy I expect the ride will be bumpy. I have also started the exact same system on the ASX-100 and will reallocate some of the MR funds there. Index filter is off at moment so no activity.

[Nick Radge]

Tax return back.

SMSF was +10.5% for the year – not too bad considering I was only 50% invested for most of the year.

Family Trust, which is our main trading vehicle, was +48.7% for the year.

[TrentRothall]

wowsers good stuff!

Where did the bulk of those gains come from?

[Nick Radge]

Trend following and strategic positions.

[ScottMcNab]

Nick Radge wrote:

Trend following and strategic positions.

Boom …where do I sign up for the Strategic Positions Mentor Course ?

[Nick Radge]

September 2017

ASX
Growth Portfolio: +2.8%
MR: 0% (system paused)
DTVI: 0%

US
HFT: +1.42%
Momo: +3.35%
MOC: +1.32%
DTVI: +2.2%

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