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Yep - I have stepped back from the HSI space and only trading it sporadically at the moment. Why?
I've been spending a lot of time focusing on building out a suite of algo models to manage the settlement proceeds from selling off my commercial property units....it would be reckless to just put all that capital into my AMP futures account.. Hence need to put it all on BTC? - only joking..
I've turned bearish on commercial property due to Covid etc - businesses are down-sizing etc and once the leases expire with all the excess space -rents/MTM valuations can only go down...my current property returns ranged from 6.5-11%+ which funded the family expenditure/lifestyle...hence looking for "alternative" revenue streams. Personally I did not want to be the boiled-frog sitting on property as it slowly devalues over time.....unfortunately a lot of yield investors will end up cooked as they become attached to lower yields with falling MTM's without realising it.
So I currently have 5 "stock" models that trade the ASX300 & the Nasdaq100+ on an EOD basis - I also want to allocate capital to a futures/commodities and that part is taking a bit longer given the data requirements...also researching the BTC space (yes, seriously) as a hedge if the world implodes further with Covid restrictions in the northern hemisphere winter.
The goal is to build a "baby" Jim Simons - Renaissance Capital model...lots of models working the capital to produce better returns. If only I had the proper coding skills and a team of PHD's helping me out?
So please forgive me if I slow down in this blog for a while....hope you have all been having great success with your trading.
2020 has been a very strange year that has changed everything and hence we all need to adapt to the "new" normal.
Only 2 more weeks of school before the 8 weeks holiday break - ARRRGGHH!!!
Tough day....(4/6) +38tics
1st 2 trades were losers...fight back time.....I've set the Risk/Reward to 1:1 and getting better overall results...more patience required....closer monitoring required as profits as no break-even trigger used anymore.
Lunch time - I'm hungry!!
Well final post - losing interest in DT these days as I focus on improving my "Data Science" skill set to build Machine Learning models..(it's a bigger mountain to climb) ..I've had a great year trading the HSI though this has been a much smaller % of profits versus my long term model trading stock gains this year on the ASX and the Nasdaq....just seems like a lot more bang for buck using models versus screen time which is getting tedious for me these days....I miss the volatility of Q1 & Q2.
Anyway, Merry Xmas to everyone and thank you for your support this year which has been challenging to say the least.
Sad to see this journal come to an end. It is difficult to find people online trading the HSI and although I trade completely different style, your journal was still very enlightening.
Thanks for your patience in answering questions and wish you all the best in your other trading endeavours!
I am also a Simons fan. Although I fear the chance to trade the "medaillon way" is dead. Checking the network around Mercer, Bannon, Breitbart and Cambridge A, one has to believe
that Medaillon does not trade markets anymore, but makes them in the deepest sense of the word.
Trying to resemble the performance of Medaillon, one has to get at least 27 weeks of the year correct and to stay the other weeks at the sideline. Even if you get all your monthly returns correct, you trail the fund by factor 1:1000!*
I find hope in trading the way the fund started, taking a large number of spread/pair trades. Hedging most the market risk by the spread and diversifying the idiosyncratic risk by the law of large number (i.e. small relative stakes).
Could you do us a favour? And post a final summary of your project. What did you expect at the start? What was your experience? How many Adaptions have been made. What was the track record, in terms of return AND risk. Anything else you consider worth mentioning.
Thanks and merry Xmas
*Cornell, Bradford, Medallion Fund: The Ultimate Counterexample? (December 16, 2019). Journal of Portfolio Management, Vol. 46, No. 4, 2020,
It's kind of funny that I've been out of this space for almost exactly a year and I'm starting to get itchy feet again....COVID has really dragged on a lot longer than I expected but like most on this planet we are all over it now. It has been a difficult time for the family as the Boss has not been able to travel overseas to visit her family. Kids are smashing it at school and trading wise I've had a fantastic year building stock models and improving things to the point now that it's under control and I'm slowly running out of idea's to back-test and time to "possibly" get more active again. It's all EOD signals so easy to run daily with IB basket trader.
Just checked my old AMP brokerage account is still open but I've read AMP want everyone to contact Sierra Chart first and take out a subscription plan?
No money transfers intermediaries for deposits/withdrawals allowed to save yourself getting ripped off $30USD on every Wire fee by Harris Bank - hmmm - you wonder why BTC was invented? But that's another story.
Wondering if there are better scalping platform alternatives to using SC (bracket orders)- any recommendations?
Good to see you back, Godzilla. Yes, the fact AMP has ruled out funding/withdrawals from Wise (formerly TransferWise) is a major bummer. It will cost me about $56 in total to withdraw via international wire to a USD currency account in NZ, which is ridiculous.
I don't know how to get around this, as I think it's the same situation with all futures brokers (i.e. 'Closed Loop Policy' re funding/withdrawing via the same bank account in your name).
Hence need to put it all on BTC? - only joking..
