[LEONARDZIR]

This month reminds me that Nick has nailed the “Holy Grail” of trading. Select several simple, robust systems and become an order clerk.

[LEONARDZIR]

Thank you Paul.

[LEONARDZIR]

Nov. 2024

All Weather US. +6.2%
TLT. +10.03%
USMOMO. +31.3%
Daily Trend Stocks. +7.47%
Discretionary +7.5%

Total Trading Portfolio. +9.2%

Comments: One of my biggest monthly gains since I’ve been trading. I stopped trading futures for now. Starting trading cryptocurrencies. I added an additional position in IBIT as a trade above the allocation in All Weather and it is. up 44.5% so far. Started using Kraken Pro for crypto and the Phantom Wallet.

[LEONARDZIR]

Oct 2024

TLT. +2.89%
AllWeather US +0.8%
US Momo +4%
Daily Trend Stocks -1.34%
Daily Trend Futures -3.21%
Discretionary -1.8%

A so so month. Deciding whether to switch the money from futures into my stock systems.

[LEONARDZIR]

Sept. 2024

Daily Trend Futures +1.47%
Daily trend Stocks +0.16%
All Weather +3.3%
US MOMO +5.94%
Discretionary +0.7%
TLT +1.8%
Trading Account +2.5%
A good month considering Sept is an historically weak month. Shows you just ignore the noise and press the buttons.

[LEONARDZIR]

Nick,
Welcome back from your West Africa fishing trip. Saw a picture of the fish you caught on Twitter. Awesome fish! How long did it take you to bring the fish to net? What kind of tackle did you use? Was it a fly rod?

[LEONARDZIR]

Thank you Scott. Despite my pretty solid experience with. systematic trading over the years I surprised myself by giving in to the market panic. Luckily, I came to my senses in short order with no damage to my portfolio.

[LEONARDZIR]

August 2024

TLT, All Weather, US momo, Daily Trend Stocks = +0.8%
Daily Trend Futures =-0.09%
Discretionary =+3.6%

Had a brief bout of “beginners thinking” when the volatility hit in early August. Surprised me since I have been a systematic trader for a number of years.
My account was down over 200k and I was obsessing over the number instead of the percentage which was small. Read Nick’s email from the Chartist which suggested reducing portfolio size because of the volatility. So I cut most of my stock positions by 1/2. However, Nick posted that he had not changed his allocation and the drawdown was nothing new. I scrambled to go back to full position size and ended up for the month. Lesson learned( I hope).

[LEONARDZIR]

After mulling over Nicks reply to my post I went back to full position size on my stock systems yesterday.

[LEONARDZIR]

Nick,
Thank you for your reply. Basically I am trading 6 systems. At this point I cut TLT and USMomo to 1/2 position size. I initally cut All weather by 1/2 at yesterdays close but changed my mind and increased that portfolio to full size at todays open because I realized I am comfortable with the historical drawdown. Meanwhile my daily trend portfolio went risk off. So of the 6 systems 2 are at 1/2 size, one is risk off and 3 are risk on at full size. I am comfortable with my decision. I will return to full size with usmomo and tlt when the trend turns up.
Meanwhile, I realize one of my weaknesses as a trader is thinking about the total amount of money I lost over the last 2 weeks versus the actual percentage loss primarily because of the size of my portfolio. However like yourself I’ve been through this drawdown many times before so I just continue to push the buttons.
Regards
Len

[LEONARDZIR]

I am curious about how everybody handled yesterdays market selloff as well as Nick’s email from the Chartist to cancel any pending buy signals and Reduce portfolio exposure to reduce potential losses because of market volatility. Since there weren’t any specific instructions on how much to reduce portfolio exposure I winged it and sold 1/2 my positions in all my stock positions.
The question I am now pondering is when should I go to full exposure. I follow a number of trend models of the SPY based on daily and weekly prices and the only one that has triggered risk off is Basso’s trend model( in his book “All Weather Trader”) so I will use that to time reentry.
I am curious how other people handled yesterdays selling.

[LEONARDZIR]

July 2024

TLT. -4.7%
USMomo. -4.7%
Daily TrendStocks -5.72%
Discretionary. -6.1%
US Allweather. +1.7%
Daily Trend Futures. -2.62%

Total Portfolio. -1.9.%

[LEONARDZIR]

The film reminds me of my trip to Kodiak, Alaska for salmon fishing several years ago. Several of the streams that we fished had Kodiak bears Fishing with us a couple of hundred yards away. One of the Bears (the Kodiak bear is the second largest bear in the world) made a few false charges at us, which was pretty stressful. However, I don’t think I could handle a bull elephant charging us while fishing in the water. sounds like a fabulous trip.

[LEONARDZIR]

Thanks Rick

[LEONARDZIR]

Nick,
Great film ! Looks like a great experience. Thanks for sharing
Regards,
Len

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