Trents Weekly Journal

[Nick Radge]

That list looks incorrect – it say’s Margin On Exceptional Securities, not regular securities

[TrentRothall]

Scott McNab wrote:

Ouch! Quite a list…but how will you know whether it harms the system a little or a lot otherwise ? Are US mkts a possibility or do they have the same restrictions on certain stocks ?

US markets don’t have the same issues i believe, if i change my exit the system works well in the US too so that’s an option. Ignore that list it’s incorrect. Even if i run my system with only 10 positions it still has good returns that i would probably trade anyway. I also have ran the trade skipping MCS with high skip % say 30% and it hurts the system but it is still good i believe. Tested with 12,13,15 max positions. I think i will just reassess after x months to see how many i am missing and what effect it’s having. In the mean time my system still has a good positive expectancy so should be all good.

Thanks for that Nick

[Anonymous]

Trent Rothall wrote:

A mate sent me this LIST today but dont think it is correct, Nick might know. It doesn’t have all securities

I am sure it could be coded but would be alot of work!

I wonder if it is worth an email to premium data (assuming your using them) to see if they have any ideas about coding a solution to this?

[TrentRothall]

That list isn’t right, will have another look. It might be worth a try though if i can get one.

[Nick Radge]

It can’t be coded for a few reasons:

(1) Every broker has a different LVR
(2) The LVR levels change
(3) You’d need to code it all in individually for each symbol

Remember that this game is NOT an exact science. These small things will pop up from time to time and so long as they’re not detrimental to the longevity of the system then you should (a) make a note of it, and (b) move on

You’ll be better off doing some trading rather than mucking around with peripheral stuff like this.

[TrentRothall]

Yeah that sounds god to me!

[TrentRothall]

May’s Results

25 trades

3.48% return

Total return – from 11.4.16

36 Trades

28 wins
8 losses
77% win rate

W/L ratio 0.68

5.1% return

[TrentRothall]

Was a good day today, my system added about 1.5% with 3 exits tomorrow and 8 pending entries. Will leave 2 open

I am tempted to buy a position in IFN if it decides to break higher after a little rest, but I think I will leave my cash in reserve in case I need a full portfolio in my system… Might regret it though…..

[TrentRothall]

7 fills today and 60 orders tomorrow. 10 open positions. A big few days with relation to the number of historical orders/ fills for the system, usually pretty calm

A big sell off today, will have to decide what to do over the brexit in the coming days. what are others thinking? just trade over it?

[JulianCohen]

How did your system do in 2008? Granted I doubt if you would have actually traded when the S&P was moving 10% a day up and then down, but I’m sure your system survived it.

[Anonymous]

Trent Rothall wrote:

will have to decide what to do over the brexit in the coming days. what are others thinking? just trade over it?

well im not live trading yet so its easy for me to say while only trading on paper but… system says buy so buy. system says sell so sell… monkey see monkey do is my plan.

[TrentRothall]

Darryl Vink wrote:

well im not live trading yet so its easy for me to say while only trading on paper but… system says buy so buy. system says sell so sell… monkey see monkey do is my plan.

That is my thinking at the moment too, might just have to ride it out.

Quote:

How did your system do in 2008? Granted I doubt if you would have actually traded when the S&P was moving 10% a day up and then down, but I’m sure your system survived it.

It held up well in 08 ended up in a nice profit actually, but i agree it would be hard to keep pulling the trigger with all the volatility and negative sentiment around. The times that hurt it is a period on consecutive sell offs such as late 2014, same as most systems probably

[Nick Radge]

Quote:

i agree it would be hard to keep pulling the trigger with all the volatility and negative sentiment around.

Yep. You need to learn to ignore the noise and bollocks going around. Run the system, place the orders and let the cards fall where they may…

[TrentRothall]

Trent Rothall wrote:

A word of warning for anyone developing a system that trades on the ASX with leverage. I discovered that some stocks are not available to buy while using leverage which i was unaware of. I am using 20 positions at 10% of my account so the first 10 positions are not an issue it is just taking the next 10 positions. Luckily this issue wont ruin my system, but it might hurt a bit.

Not sure if this was a once off, but i have 12 open now so using leverage and i had 60 orders in the market that didn’t get cancelled like they did last time…just have to see what happens.

only 1 entry today with 60 orders, thought i would get a few more fills!

Quote:

Yep. You need to learn to ignore the noise and bollocks going around. Run the system, place the orders and let the cards fall where they may…

Yep, i will see what happens. Thanks

[LeeDanello]

I’m assuming you’re using the API. IF you have 5 slots available in your portfolio and you have 50 pending orders. Do they get filled on a 1st in basis or alphabetically?
On a down day like today you’d expect most if not all to be filled. Do you set limits on your practice portfolio equity from the start. I know the notional starting equity for the IB practice portfolio is $1M. Just curious of the machinations.

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