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Taking a Trading System Live


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Taking a Trading System Live

  #521 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
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deaddog View Post

It's been over a year. Have you given up on this system or will you keep trading it?

Try a few months? Last post was October 2014.

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  #522 (permalink)
 kevinkdog   is a Vendor
 
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tturner86 View Post
Try a few months? Last post was October 2014.

I think deaddog meant a year of live trading.

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  #523 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
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tturner86 View Post
Try a few months? Last post was October 2014.

I meant when he started trading this system.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #524 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
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kevinkdog View Post
I think deaddog meant a year of live trading.


deaddog View Post
I meant when he started trading this system.

Yep, I miss read @deaddog's post.

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  #525 (permalink)
 kevinkdog   is a Vendor
 
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deaddog View Post
That is the same rationalization I use.

I see this lot. A trader in a trade will say that he is expecting the trade to go against him yet he stays with the trade.

I do it myself at times out of fear of being wrong. The what if I give up now and the market turns. It is why I’m a rules based trader but when you think about it the market is offering an opportunity that we as traders are not taking advantage of.

I see your point, but I have found that in the long run it is better to stick to my rules, and not change my mind later on (typically when my emotions might be running a bit higher).

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  #526 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
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Frequency: Every few days
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kevinkdog View Post
I see your point, but I have found that in the long run it is better to stick to my rules, and not change my mind later on (typically when my emotions might be running a bit higher).

Same here but that doesn't stop me from wondering if I'm not missing something obvious.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #527 (permalink)
 kevinkdog   is a Vendor
 
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Sorry for not posting an end of November update. Instead, here are 2 months of results (and the first week in January mixed in). Performance is still weak, at best. I could give you some convoluted explanations about the poor performance, but the chart below says it all: the system is just not performing to expectations. All the hand waving in the world can't sugarcoat that fact!

I've said it before, but it bears repeating: if you only trade one or two strategies, you are at the mercy of the performance of that system or systems. That can be precarious. But, let's say this system is part of a much bigger portfolio of 10-30 strategies (as is the case for me). In such a case, I actually expect a few strategies to underperform like this. I don't like it at all when a strategy behaves badly, but it happens. The key is that there a few other strategies that do really well, and make up for this poor performance.

I'll continue to monitor this system, and we'll see what happens.



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  #528 (permalink)
 tkoutris 
ellicott city md
 
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Trading: cl,gc,yn,beans
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was there any further results performed on this system or modifications done?

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  #529 (permalink)
 kevinkdog   is a Vendor
 
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tkoutris View Post
was there any further results performed on this system or modifications done?

Thanks for asking!

I don't trade these live any longer - the performance was just not as good as some other EC strategies I had. So, they were retired from active duty, although I still track and update them monthly. They have not reached my criteria for being "broken," but they certainly are sickly. If they ever start performing well again, I'd probably add them back to the active mix.

The daytime strat lost about $3K in 2015, and overall since development is up around $1K
The nighttime strat lost less than $1K in 2015, and overall since development is down around $2K.

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  #530 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695



kevinkdog View Post
Thanks for asking!

I don't trade these live any longer - the performance was just not as good as some other EC strategies I had. So, they were retired from active duty, although I still track and update them monthly. They have not reached my criteria for being "broken," but they certainly are sickly. If they ever start performing well again, I'd probably add them back to the active mix.

The daytime strat lost about $3K in 2015, and overall since development is up around $1K
The nighttime strat lost less than $1K in 2015, and overall since development is down around $2K.

Thank you for the update I was wondering how this ended. Thank you for this thread and showing these results. One of my fav threads here...

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