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Ctrl-Alt-Del Reboot Trading Journal
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Ctrl-Alt-Del Reboot Trading Journal

  #41 (permalink)
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11 Days Trading Recap

A Quick Summary of the first 11 trading days of March.

% Profitable 68%
% Followed Rules 40%
% MAE of 4 ticks violated 19%
P/L (SIM) $2,834.50

Happy that I am profitable of course. Fell off the Rules wagon way too often. But am learning respect for the PerryDigm.

Let's see if a simpler chart and simpler rules can keep me profitable and within my own boundaries.


Last edited by rpm123; March 19th, 2012 at 09:23 PM.
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  #42 (permalink)
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Kitchen Sink

I spent the day building a new chart and watching. No real trading.

This is the old Perry System variation (shout out to @madelynnjohnson) plus
an sma40 (shout out to @msull35706) plus
Jeff'sADX and DMplus (same shout out, not to mention @Jeff Castille) plus
MACDBB (shout out to @monpere who said in a thread it was his desert island indy)

Going to play with all this a while, see if the extra confirming indy's help.
Do some trading tomorrow.

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  #43 (permalink)
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Change of plans experiment


Traded just the old Perry chart, and just looking at the slope indies, and entering on the next tick when they all turned up or down - meeting the threshholds set. I knew this would catch the chop, but I wanted to see how badly. Doing it live (sim). I proved to myself I could enter on queue, and that I need better queues. Only had the hour before previous commitments, so I said what the heck and try. Not adding this to my spreadsheet as it was pure experiment. But oddly, it would be the only day I actually achieved 100% rules. Only 15% profitable trades and a $500 loss. But a great experiment.

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Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-rangenogap-3_21_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture12.jpg  
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  #44 (permalink)
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Stacked MA's

3/22/12

Missed big down draft, patiently waited for a reversal in trend, caught the first one with a cross anticipation, and the other two on the general strength. Sma readings smallest ema to largest.

First entry 73, 55, 46, 14, 9 First 2 were green to go, but 5 had not crossed 13 yet, 4 tick heat

Second entry 67, -13, 23, 18, 17, only sma1 green to go, no cross, 3 tick heat

Third entry 73, 28, 34, 24, 28. ma 1, 13, 20 green to go, no cross, 5 tick heat

3 winners

After yesterday's experimentation, realized can't wait for all MA to reach threshold. But wait. If I inch forward on the chart on each of these trades and wait for the slopes to all be green I would have had 3 winners with almost no heat. And with no cross. VAriable? Strength of overall trend.

Took it down to a 2 range for analysis, and actually looked like later entries than 4 range in this case. No conculsion there.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-range-3_22_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capturex.jpg  

Last edited by rpm123; March 23rd, 2012 at 01:35 PM.
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  #45 (permalink)
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3/23/12

Happy Camper. even in a narrow range part of the morning, waiting for the 5/20 cross and all slopes colored correctly, proved very profitable. Even feeling comfortable adding to winners, and to ones where I can get in an extra tick or two better. Marked up the chart too.

The kitchen sink indies are back, but I am not sure they are adding predictive value. At least not today.

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  #46 (permalink)
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Trading Taxes - Losses - Pofits - Entity - 401k

Tis tax season, so I thought I'd throw in my two cents.

I created a partnership entity, declared trader tax status, and hired a professional tax firm a couple years ago. This year, I am looking profitable, and am going to establish a mini 401k.

Without an entity and trader status, your deductible losses are limited to $3k per year. Who could ever imagine that you might lose more than $3k just starting out. Imagine it.

I've always done my own taxes, I may again. But each time I see the work done by the pro's, and thinking I can just copy it for next year, I pause, and have not switched back yet. This year I did have some local tax folks look at my past returns, and they all, 3, said stick with who I've got. So it is a littler trickier filing trader taxes than most.

And the mini-401k lets you put part of your profits in a tax advantaged account. And I believe you can trade in it later. So it's a double win. Hope to open mine up this year.

There are two national providers of this service plus plenty of local entity and tax guys, one you may already have a relationship with. I did not have anyone local, so I went with one of the nationals (not the one that recently did the webinar, as I wanted an entity and a cpa. Do your own due diligence).

I believe you have until April 15 to declare trader tax status for 2012. So definitely look into that now and see if it's for you.

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  #47 (permalink)
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rpm123 View Post
Tis tax season, so I thought I'd throw in my two cents.

I created a partnership entity, declared trader tax status, and hired a professional tax firm a couple years ago. This year, I am looking profitable, and am going to establish a mini 401k.

Great news!

You should also share the rest of your post in "The Tax Thread". Did you also check out the Traders Accounting Tax Webinar?



Mike

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  #48 (permalink)
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Big Mike View Post
Great news!

You should also share the rest of your post in "The Tax Thread". Did you also check out the Traders Accounting Tax Webinar?



Mike

No, I went with their competitor. I did not realize their was a thread though. Thanks.

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  #49 (permalink)
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3-26-12

Move along, nothing to see. If I had time to trade today, I probably would have been chopped out, as I usually trade between 7 or 8 and 11 or Noon cst. I would have been looking for trades in what was a narrow 20 pip range. Waiting for the 5/20 cross and proper slopes just were not happening during this time frame - I think I just see 1, but it did work. Good day to be long and stay long.

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  #50 (permalink)
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3/27/12


Flat time while I had time to trade. Stuck to rules waiting for entries. Broke adding to position rule in 2nd set of trades, but had cross and ema behind me. And lowered target in flat environment. But could have stayed in for more, as it turned out. But had already risked lowering my stop.

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