Scott’s Journal

[ScottMcNab]

M2M

[JulianCohen]

Rob you have to base it on the month to month account size or you won’t be taking advantage of compounding.

[ScottMcNab]

1 Dec 2017

clean slate…so many changes over last 6 months due to wrapping my head around selection bias as well as introducing new systems…goal is no changes for next 12 months …sig capital injection also

systems

RUI LOO MOC (2x) 15%
RUI MRV (2x) 25%
US Momo combo (1x) 45%
Aus Momo (1x) 15%

[LEONARDZIR]

Scott
What is LOO?
Is the percentages you give for just the money allocated to your trading portfolio or to your entire investment portfolio?
What does combo mean? ? More than one market.

[ScottMcNab]

LOO is acronym for limit on opening…the time if force for the buy limit is OPG….this is the only one I suspect I may have to change in next 12 months depending on variations in the opening price compared with Ab opening price ….but so far the variations for and against have pretty much evened out
% are trading portfolio
US Momo has NDX, SPX and RUI systems each slightly different…each has 15% …

[LEONARDZIR]

Thanks

[ScottMcNab]

Dec 2017

RUI LOO -0.2%
MRV RUI 3.1%
NDX ROTN 0.3%
RUI ROTN -6.5%
SPX ROTN 0.4%
XTO ROTN 2.7%

Portfolio 0.3%

Happy New Year to All

[ScottMcNab]

For Australian residents, are you able to buy AUD.USD in your reg-T accounts to put currency hedge on please ? I get a message saying the forex order cannot be accepted due to new Australian regulatory restrictions.

[TrentRothall]

Is this how you’re hedging scott? so if you have a 75k portfolio your buying that much? using 40:1 leverage?

[ScottMcNab]

I’m stuck at the moment Trent… AUD.USD closed above weekly MA(C,50) end of Dec but I haven’t been able to get the hedge on…up until 2 months ago I only traded moc and mrv systems and didn’t have to worry about it……having trouble activating futures in my RegT acct..(IB ticket working through at normal pace)..cfd not available until Australian customers have been migrated over to IB Aus …….and not able to use fx…looking into other options (eg CFD with commsec/ig if cant get futures operational)…are you using futures to hedge Trent ?

of further concern for me is the forced migration of Australian customers to IB Australia coming soon..I have asked IB for clarification on this too but we may lose SIPC protection that currently enjoy

[TrentRothall]

I haven’t started my US system yet so i am not hedging at the moment, plus my US portfolio will be smaller than 1 contract, i think they have mini contracts? Won’t thy interest rates on a CFD ‘trade’ be too expensive to be used as a hedging tool? (Just my gut feel). I might need to look into the mini contracts a bit more and change my IB permissions

Anyone else out there doing anything different?

[ScottMcNab]

IB has got back to me with advice in case anyone else in similar situation

As the RegT account is linked to family and friends, to enable futures in RegT I first have to update the advisor qualification in the master account (manage account/account info/advisor qualifn)
next…log into RegT account using login details for this sub-account and will then be able to alter permissions to allow futures (once change to advisor has been approved)

[RobGiles]

Hi Scott
Are you trying to hedge the USD exposure created in your US rotational systems?

[TrentRothall]

I think he is Rob, well that’s what i’m talking about anyway. What are you doing about it?

[ScottMcNab]

Rob Giles wrote:

Hi Scott
Are you trying to hedge the USD exposure created in your US rotational systems?

Hi Rob….you are correct…getting closer….

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