Nick Radge – Daily Journal

[SaidBitar]

Nice results for HFT, so HFT is not MOC??

[LEONARDZIR]

Nick,
Outstanding results on the HFT. I see you have changed the HFT to include the R1000 and R2000.. Will you be changing the HFT template on the chartist website to include the R1000 and R2000?
Len

[KateMoloney]

Those of you praising Nicks HFT result … go back and look at Jan, April and June 2022.

Not knocking you Nick ….we humans praise the profits and sometimes forget the journey it took to get there.
 

[Nick Radge]

Len,
No. Way too volatile for clients I think.

[LEONARDZIR]

Ok, thanks Nick.

[LEONARDZIR]

Kate,
Keeping the big picture in mind the HFT on Nick’s site which I trade is only down 5.9% for the year and in Nick’s case less than that. These are outstanding results in a year when mean reversion systems have taken a major hit. The system is volatile but I am fine with the drawdown and looking forward to the next 1000 trades.

[TimothyStrickland]

Kate,

I think most of us had similar drawdowns during those months you just mentioned, I actually had to turn a system off because it ended up being too volatile.

If my MRV was still running, it would have had a 14.2% month, but unfortunately I am looking for less volatility now because I have far more capital at risk now then I did when I started. I was ok at the beginning with huge swings in profits and drawdowns with a small account but things change. I designed 3 systems all very aggressive. Working on having a mix now so the total account doesn’t swing so wildly.
 

[KateMoloney]

For sure Tim.

Whilst everyone is happy to take a profit, most would struggle psychologically with some of the monthly drawdowns from this year.

[KateMoloney]

Len Zir post=13634 userid=5316 wrote:

Kate,
Keeping the big picture in mind the HFT on Nick’s site which I trade is only down 5.9% for the year and in Nick’s case less than that. These are outstanding results in a year when mean reversion systems have taken a major hit. The system is volatile but I am fine with the drawdown and looking forward to the next 1000 trades.

Hi Len,

Nick posted some monthly drawdowns for that system of -25.30% & -11.94% & -19.50%

Not knocking the system or Nick, its just a ride many traders couldn’t handle to get to the 25% profit month.

[TimothyStrickland]

The mental part of trading is still probably the hardest part, sitting on your hands and letting the system run its course.

[LEONARDZIR]

Agree. Trading is not easy which is why most traders fail.

[KateMoloney]

Sometimes it can hard to properly convey a point in writing.

One thing Nick taught us is to watch the track records of great traders, especially during a drawdown period. I consider Nick a great trader, so I track his results.

According to my calculations (and I could be wrong) the HFT system was down -43.07% this year on a compounded basis (Jan – October, excluding last months return).

Nick had the psychological fortitude to continue trading that system despite the volatility and drawdown. The drawdown came after he added the R2000 component, which would have put many traders off the system. 

The healthy return made last month ? Nick bloody earned it. Especially when you consider the journey he went through.

Through Nick and Craig we have the opportunity to stand on the shoulders of giants. So for me, rather than praise a good result/month, I like to understand the journey so I can fully appreciate what it took for the trader to create result.
 

[LEONARDZIR]

Praising an outstanding monthly return and praising the fortitude to stick with a system despite a significant drawdown are not mutually exclusive.

[Nick Radge]

December 2022

ASX
Growth Portfolio: -0.35%
WTT: 1.51%
ASX Momo: -6.57%
ASX Momo PLUS: -2.96%
ASX Swing  -5.07%

US
HFT: -8.16% (R1000 + R2000)
US Momo: -7.87%
MOC: 0.00
DTVI: -4.41%

Managed Account
Multi: -5.24%

2022 Total: -23.37%

That’s a wrap for 2022. Not my worst year and within expected parameters. Nothing to be concerned about. I think 2011 was worse.

Hopefully, some big news coming in the new year though.

Cheers everyone & good luck in 2023

[TerryDunne]

Hi Nick,

Have you stopped trading your MOC or is it just a coincidence that the return for the month was 0.00%?

All the best for the coming year!

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