[TimothyStrickland]

I am in the US Julain, I’ll take a look at them.

[TimothyStrickland]

I had heard people mentioned splitting capital between brokers. Has anyone used Tradestation? I used to use them awhile back before realizing Interactive Brokers has superior fees and commission costs. I was thinking I could use Tradestation for some longer term trades and use my IB account for a shorter type strategy.

Anyone know of another deep discount broker like Interactive Brokers?

[TimothyStrickland]

End of week progress:

As stated earlier NFLX had a big announcement which caused the stock to gap down. The losses were promptly recovered the following day only to go down again the rest of the week.

After the seeding of my account, its about flat for the month, most of the gains I made with the smaller account were taken back end of week with the larger account size.

I have reached module 10 in the course, been completing 2-3 modules per week.

[TimothyStrickland]

Great stuff guys, lots of ideas. great numbers on both systems actually.

[TimothyStrickland]

Thanks Julian,

I will take another look at Nick’s book once I finish the course. I read it twice already. I have a ton of questions for you but I am pretty sure they will get answered in the course, I just haven’t gotten there yet.

[TimothyStrickland]

A couple of years ago, I would have been emotional from the loss but fortunately, I have studied long enough and payed attention to Nick’s teaching that it never is about a single day. I am looking at the next 1000 trades. I suspect the market overreacted (as it always does) and some of that will be made up in the coming days. I built my first simple system in the course, I can’t wait to see what can be done with my new programming knowledge!

[TimothyStrickland]

Julian,

Well there is some of the “last few days” you were talking about. NFLX announces terrible news wiping out all gains for the month since I had seeded my account. Murphy’s Law in action! It could as well went the other way too and went to the moon. However, I pay no attention to fundamental analysis, only technicals.

[TimothyStrickland]

Matt, I have had the same problem here in the United States. I have went through several accountants, some good others bad. I eventually learned that I really need a wealth strategist. These guys at least from what I have found, typically deal with people who make large amounts of money from deals or trading and can typically point you in the right direction. Accountants really aren’t trained to provide you with the best tax strategies, at least in my experience. Hope that helps a little.

[TimothyStrickland]

Thanks for the information Scott. I didn’t see the quotes, duh. Those 2 points make a lot of sense. In the past I have traded based on mostly forward testing not back testing and it also wasn’t systematic trading. It does make sense that maybe a long term trend following system would be best for someone who travels a lot. Luckily for me, those days are over, well at least the Navy forced traveling = P.

[TimothyStrickland]

Pardon my ignorance Scott, but is that -21.76%. I have finished the course but do you at what point we have to consider a system unprofitable and move on? I’m sure I will learn that soon.

[TimothyStrickland]

Yes sir, its happened before, take Feb. for example, actually my account was doing really well Dec,Jan and then in Feb lost the gains from the previous 2 months in a couple of days. I’ve also been trading for nearly 3 years and have blown up 2 accounts so I know what it feels like to lose. However, based on some of the gains I think it will do pretty well over the long haul.

I am less excited about how the portfolio is performing this month but more excited of how it consistently performs over the long term and learning how to rigorously back-test my own systems which I never did before finding Nick. Most courses and seminar’s just teach certain strategies, not ways to build and backtest your own. It does feel good to be up 8% for the month though.

[TimothyStrickland]

End of Week analysis:

My account for the month is up over 8%!! Biggest month ever, capitalizing on the US Aggressive and US Original while going through the mentor course. Because my results have been so good lately I took some money I made from Real Estate deals and put them right into my trading account.

My account has been seeded and is well over 100k now. Current strategy is 125% of capital to US Aggressive and 20% to US Original.

Finished the first coding task last night, Craig said there were no errors in the last one, looks like I’m catching on! This weekend the plan is to hunker down and study the course several hours on Saturday and Sunday. The coding is a bit harder than I thought it was, even with my engineering background. I have a lot to learn

[TimothyStrickland]

Awesome Julian,

I have not finished the course yet, I am very anxious to do so. I am learning a different perspective on trading through the course. Hoping to be able to take full advantage of it and program my own systems.

[TimothyStrickland]

Great insight Julian. Would the US Aggressive strategy that Nick has be a good candidate. I believe its only updated once a month so you would just have to figure out how to switch positions once per month.

I was in the Navy for 7 years and was on submarines from time to time. Some guys went on long deployments 6 months, but usually we would stop at a short sight occasionally, depending on where it is, internet would be sketchy but maybe like a satellite line or something similar? I did not trade then so I’m not 100% sure.

[TimothyStrickland]

For the month I’m up 2.33% for the US Original.

For the month I’m up 3.57% in the US Aggressive

As of the 6th I closed out the US Original trades for the time being as I am in the process of seeding the account with more capital.

I seeded my account in early March to recover some losses incurred in Feb. this was a good idea as I am up about 2% which . for the entire year, including the losses in Feb. I believe Nick reported the portfolio down about 5% if I would have not seeded.
The US Original has made me about 10% since when I started last year. Not bad considering I’m not getting that in my 401k

After I’m done seeding, plan is to have 125% of my funds allocated to the US Aggressive and 20% towards US Original for the extra trades.

I’m using a leveraged account.

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