Trents Weekly Journal

[TerryDunne]

Yes I get what you’re saying, and even if that happens I’ll still be able to trade the next day and all of the days after that…

[OmarAouane]

As Nick said once, knows when to break the rules

[Nick Radge]

Quote:

As Nick said once, knows when to break the rules

Yep. At certain times its about survival first and foremost. You want to be trading for the next 20-years, not being a sacrificial lamb to a crazy black-swan.

I also cancelled a short setup in GME.

[TrentRothall]

Wow open at $354 madness.

My Long/short moc erased all gains from this month in 2 days. -12.3% DD, lucky for me i had a good start

[GlenPeake]

You’re not alone in taking a bit of stick over the past 2 days Trent.

Just when you start to think things are looking pretty good, there always seems to be a ‘slap in the face’ coming around the corner…

[TrentRothall]

Exactly! My weekly positions were petty extended looking, they are coming back to earth now lol.

[JulianCohen]

Glen Peake wrote:

Just when you start to think things are looking pretty good, there always seems to be a ‘slap in the face’ coming around the corner…

That’s trading! A constant kick in the nuts with a sporadic break for a slice of cake.

What is wrong with us that we want to subject ourselves to this

[TrentRothall]

Jan 21

WTT 11.5%
ASXMR -4.9%
MOC LONG/SHORT 2.84%

Acc 2.67%

As with some other guys returns were looking alot better this time last week. MOC and WTT lost around 10% in 3 days! Got lucky when i launched my MOC at the start of Jan, accidently set position size to 3x what it should have been and had a 7% up day.

A positive month none the less.

Will upload my equity charts when i iron out some bugs.

[GlenPeake]

Nice work Trent. 11.5% in the WTT is great going!

Yep, tough finish to end the month.

[TrentRothall]

Might be much the same this month to start with Glen, 5 WTT exits for me some of the leaders, SYR, CXO HZR.

[GlenPeake]

Yep… SYR is on my sell list as well…. plus a few other good ones e.g. GXY CIA etc….

[TrentRothall]

Feb 2021

WTT: -2.51%
ASXMR: 3.74%
LONG/SHORT MOC: -4.13%

TOTAL: -1.17%

Very volatile in the small end of the ASX this month, i made a few tweaks to my entry criteria in the WTT that will hopefully keep me out of the ‘pump and dump’ signals that i’ve been seeing lately, i have been wary of this since i implemented the system and the small condition i added seems to help.

I have some concerns about my MOC system with selection bias because i’m allowing more orders vs positions at the moment. I might make a post in another thread to hear peoples views.

[RobertMontgomery]

Trent, Would love to hear your thoughts and experience with the MOC long/short systems. I have yet to find a combination of conditions for short MOC that I’m comfortable with.

[TrentRothall]

March

ASX MR 7.7%
ASX WTT -4.6%

LONG/SHORT MOC – Paused

I was a bit naïve i think with my implementation of my moc system, so i parked it at the start of the month to reassess. My live results were deviating from my backtests. I was placing more orders than positions available and although i don’t think this is too much of a issue in normal market conditions when the volatility ramps up as it did in February (short side) i was getting stung a lot worse than than my backtests. See the selection bias section of the course.

I’ve been doing some testing and I might be almost ready to relaunch something.

ASX MR is behaving nicely and the small cap WTT has been getting chopped up recently.

[TrentRothall]

Rob M wrote:

Trent, Would love to hear your thoughts and experience with the MOC long/short systems. I have yet to find a combination of conditions for short MOC that I’m comfortable with.

Sorry for the late reply Rob. I have paused mine for the moment while i reassess i don’t have access to any margin in my account so i thought if i allowed more orders vs positions then this would help increase trade frequency, which it does. But i found i was always getting the worse trades, which makes sense when you think about it… Bad trades drop ( or go up) from the open and don’t revert back. Filling up available positions.

As for short testing, Nick has said it before but looking for short opportunities in a upward trending stocks i found was the best way to go about it. Counter intuitive but seems to work best.

Cheers

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