[KateMoloney]

Another update.

Been working on the system every day. Still got lots to learn but enjoying the process.
I have not been happy with my MR system metrics so far. Not sure if its unwise, but I’ve been using the MR system results
from the chartist website as something to aim for …. 31.54% CAR, – 16.69% DD, on margin @ 25%.

Made some changes to system on the weekend and it improved metrics with 25% leverage are averaging 20% CAR/ 15% DD & 32% CAR / 22% DD.

I am want to realistic in that trading will take time to master, but I also don’t want to settle for metrics that I’m not happy with. I know over time the system will evolve as I do, but I also know that I want to start trading something I am reasonably happy with.

Been running through the Optimization process and revisiting the course material (section 3).

Also got a list of about 8 tasks to complete in relation to the testing. Completed 3 so far.

[KateMoloney]

I look forward to that shopping trolley of ideas!

For now, just trusting the process and trying not to judge myself too much.

[KateMoloney]

General update.

Still working through system creation – a day trade MR strategy.

The course has really stretched me to grow. Some days my brain physically hurts from the new skills/learning. Have a very basic knowledge of coding now and able to fix some basic errors, and add basic coding ideas (still need Craig’s wizardry to patch things up though!).

Probably the biggest challenge has been coming up with ideas for the trading system and seeing how it will all come together. I remind myself daily that this journey is a marathon, not a sprint. The system I start with will be very different to the system I have in 2 years time as my skill & experience evolves. I want to be in this game in 10 years time (and highly profitable too .. not one of those traders who does it for entertainment).

Grateful for Nick and Craig’s guidance, as well as this forum.

With system design, Nick has pushed me to think for myself … which has been a great way to learn. At the end of the program I want to look at WTT code and some of the other pre-pack codes … but going to wait a few months so I can challenge myself to think for myself rather than seeking out the easy answers.

[KateMoloney]

Helpful document (from Nicks video) for default Amibroker settings for backtesting etc.

For some reason the settings keep changing without my changing them.

Good reference guide.

[KateMoloney]

I’ve had no problems. Used it this morning and yesterday.

[KateMoloney]

It certainly hurt last month.
Oh well, back for another month of pummelling ….

[KateMoloney]

September Results

ASX momentum -11.55%
US TLT -6.63%
US momentum -0.24%
Growth portfolio -0.99%

MR system design still in progress.

Spent the last week or so moving and dealing with some health issues (not serious, but taken time to get MRI and other tests etc). A bit annoying because I had surgery for the same issue last year, but there is always something to be grateful for in times like these – we live in a first world country with great health care and have the funds to pay for private care.

Been looking forward to working on some more testing and developing ideas. Aiming to have a productive month.

[KateMoloney]

Julian, are you a full member? I am and I didn’t get it.

Believe it went to ASX momentum members only.

[KateMoloney]

This could be worth a watch

[KateMoloney]

Great question Chris.

I have a friend who started a meditation app business. She swears by it.

I haven’t specifically studied people who meditate because I do believe that meditation is different things to different people. For example, looking at charts or gardening or walking could be a form of meditation.

[KateMoloney]

Thanks Nick.

Good email. I have some friends who are members of the chartist and didn’t get that email (they have full membership).
I’ll flick them a copy.

[KateMoloney]

The ASX momentum has taken a hit today. The biggest one day loss I’ve been through so far -6%.

Level of emotion? Zero point zero of f*ck all.

Profits since December 2020 wiped out, portfolio is back to breakeven.
Thinking it is a good opportunity to top the portfolio up.

Grateful for the constant learnings (and slaps) that the market provides.

[KateMoloney]

Nice YTD return !

[KateMoloney]

Thank you for sharing.

What an interesting experience. The worst part would have been waiting for years to recover what was left of your funds.

Were there any warning signs that the company was in trouble?

[KateMoloney]

Julian, would you mind sharing your experience with MF global?

[Author]

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