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KJ Trading Systems Strategy Factory

  #51 (permalink)
 kirkvan 
Edmonds, WA
 
Experience: Intermediate
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FastNCurious View Post
I started with less than 20k and in less than one year I went way above my goal of 50% growth. I don’t expect every year will be as easy as this last one but I am way more confident in the process and the strategies I’ve implemented. I would say only 1-2 are my own strategies I created. The rest are from the course and from the club bounties.But I would say 50% growth in your algo trading account would be a good place to start. Maybe even less.

I see those results as quite an accomplishment. Congrats!

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  #52 (permalink)
goodoboy
Houston
 
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FastNCurious View Post
I started with less than 20k and in less than one year I went way above my goal of 50% growth. I don’t expect every year will be as easy as this last one but I am way more confident in the process and the strategies I’ve implemented. I would say only 1-2 are my own strategies I created. The rest are from the course and from the club bounties.

But I would say 50% growth in your algo trading account would be a good place to start. Maybe even less.

Thank you so much FastNCurious for the response. I appreciate it.

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  #53 (permalink)
 kevinkdog   is a Vendor
 
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goodoboy View Post
Hello Kevin,

I am reading your book now. I have a question for you please, if it is fair to ask please.

For your strategy factory course:

1. From your experience and other students experience, ideally what type of year/monthly returns can I possibly expect to receive using the course to building diversified algo systems? I know there are no guarantees, I am just asking so I honestly keep myself realistic on goals. Is my goals spreadsheet below ideal, too un realistic, too conservative?

2. Does you course adjust for traders as myself with $20K trading account balance? Maybe a small portfolio.

Thank you very much.

Can't answer; could be considered self promotion. Sorry.

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  #54 (permalink)
goodoboy
Houston
 
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kevinkdog View Post
Can't answer; could be considered self promotion. Sorry.

Thank you for the response Kevin,

I understand and I do not want any trouble at all with anyone. Sorry if I caused any issues.

When you get some free time, no rush at all, can you please email. Take your time. Thank you.

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  #55 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
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FastNCurious View Post
I started with less than 20k and in less than one year I went way above my goal of 50% growth. I don’t expect every year will be as easy as this last one but I am way more confident in the process and the strategies I’ve implemented. I would say only 1-2 are my own strategies I created. The rest are from the course and from the club bounties.

But I would say 50% growth in your algo trading account would be a good place to start. Maybe even less.

This is very good to hear and thank you for sharing @FastNCurious .

@goodoboy , I expect certain % of growth and honestly would be happy with anything over 20%. My unofficial goal is 'beat the S&P 500'. My results are better than that, thanks to what I have learned from the Strategy Factory. The difficult part for some folks is sticking through a system during a drawdown. It takes discipline to not pull the plug. For example, I was seeing a large drawdown earlier this month in one system, which was within my expected drawdown parameters, but would have been painful if I let it get to me. I took all the signals and currently have a position that makes up those losses.

I don't want to discourage you, but 20k is a small account and it will limit what you can trade and your diversification, until you are able to grow your account. It can be done, as FastNCurious shares. If you take the course, I strongly recommend submitting strategies to the Strategy Factory Club. Having one winning system and receiving the awards and bounty have been a huge boost to my inventory of tradable systems and gives me the flexibility to style my portfolio to my risk tolerance and goal of diversity. It also does great things to your self-esteem to pass the 6 month incubation.

I will send you an email with some info that you may find useful.

~vmodus

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  #56 (permalink)
goodoboy
Houston
 
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vmodus View Post
This is very good to hear and thank you for sharing @FastNCurious .

@goodoboy , I expect certain % of growth and honestly would be happy with anything over 20%. My unofficial goal is 'beat the S&P 500'. My results are better than that, thanks to what I have learned from the Strategy Factory. The difficult part for some folks is sticking through a system during a drawdown. It takes discipline to not pull the plug. For example, I was seeing a large drawdown earlier this month in one system, which was within my expected drawdown parameters, but would have been painful if I let it get to me. I took all the signals and currently have a position that makes up those losses.

I don't want to discourage you, but 20k is a small account and it will limit what you can trade and your diversification, until you are able to grow your account. It can be done, as FastNCurious shares. If you take the course, I strongly recommend submitting strategies to the Strategy Factory Club. Having one winning system and receiving the awards and bounty have been a huge boost to my inventory of tradable systems and gives me the flexibility to style my portfolio to my risk tolerance and goal of diversity. It also does great things to your self-esteem to pass the 6 month incubation.

I will send you an email with some info that you may find useful.

Thank you so much vmodus for taking time out your day to respond to me honestly. Yes, 20K is small, but I have to start somewhere and be happy about that until my account grows. Learning and having the right process is much better than having a bigger account size right now for me.

Thanks,

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  #57 (permalink)
 Tanvo 
Amsterdam Netherlands
 
Experience: Beginner
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vmodus View Post
This is very good to hear and thank you for sharing @FastNCurious .

@goodoboy , I expect certain % of growth and honestly would be happy with anything over 20%. My unofficial goal is 'beat the S&P 500'. My results are better than that, thanks to what I have learned from the Strategy Factory. The difficult part for some folks is sticking through a system during a drawdown. It takes discipline to not pull the plug. For example, I was seeing a large drawdown earlier this month in one system, which was within my expected drawdown parameters, but would have been painful if I let it get to me. I took all the signals and currently have a position that makes up those losses.

I don't want to discourage you, but 20k is a small account and it will limit what you can trade and your diversification, until you are able to grow your account. It can be done, as FastNCurious shares. If you take the course, I strongly recommend submitting strategies to the Strategy Factory Club. Having one winning system and receiving the awards and bounty have been a huge boost to my inventory of tradable systems and gives me the flexibility to style my portfolio to my risk tolerance and goal of diversity. It also does great things to your self-esteem to pass the 6 month incubation.

I will send you an email with some info that you may find useful.

In your opinion, what is a reasonable account to start with?

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  #58 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
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Tanvo View Post
In your opinion, what is a reasonable account to start with?

ha ha ha....

Seems like a trick question, but I'll bite. Assume we are strictly speaking futures, and not equities, options, or any derivatives. I suppose the minimum account size depends upon your trading goals and expectations. I need to trade a portfolio, so $50k is a reasonable starting point... for me. To trade the portfolio I want to trade, $100-150k is more reasonable. If I can pull in 30% returns, that is better than most CTA's. Of course, I want more, but I think that realistically, year in and year out, 30% is a good goal as a starting point.

So 30% on 50k is 15k per year. Pay some taxes on that, then I'm trading 63k, 30% on that is 18.6k. Repeat every year.

$20k is doable, but it limits what you can do, especially if you start with a drawdown, which could very well happen. So if you have a 5k drawdown, you have 15k in trading capital. Do you still have the discipline to stick with your system, or do you pull the plug? I think that if you are a very experienced and disciplined trader, you are okay with that if you trust your backtest (you should trust it if you did it right). If you are a less experience or even less disciplined trader, you pull the plug.

Recently I had a miserable couple weeks with a few of my systems. If I had panicked and pulled the plug, changed my portfolio, or fiddled with anything, I would have missed the subsequent two weeks of good recovery. I trust my systems, they test out well and they all have draw-downs, even my best ones. Earlier in my trading career, I would have interfered.

$20k is tight, because I've done it (I had one account start at $12k, very tight and just about impossible to be profitable with limited trading options). The margin rate for ES is $12,100 with my broker. The more you can start with, the better.

~vmodus

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  #59 (permalink)
 
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 SMCJB 
Houston TX
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vmodus View Post
The margin rate for ES is $12,100 with my broker. The more you can start with, the better.

I agree with what you said, but wonder whether the Micro's have changed that a little. Sure margin on ES is $12,100 but on MES its only $1,210. Margin on M6E (Euro) is about $250. MGC (Gold) it's about $1,000. New Micro crude next month should be around $600. So you could have a portfolio of S&P500, USD:EUR, Gold and Crude, and if all 4 are in a trade at the same time, the margin requirement is just over $3k!

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  #60 (permalink)
 
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 vmodus 
Somewhere, Delaware, USA
 
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SMCJB View Post
I agree with what you said, but wonder whether the Micro's have changed that a little. Sure margin on ES is $12,100 but on MES its only $1,210. Margin on M6E (Euro) is about $250. MGC (Gold) it's about $1,000. New Micro crude next month should be around $600. So you could have a portfolio of S&P500, USD:EUR, Gold and Crude, and if all 4 are in a trade at the same time, the margin requirement is just over $3k!

Agreed that the micros has changed the game a lot and lowered the barrier to entry for a lot of traders. On the downside is the added cost. I'm not trading micros right now, but I thought I received a notice earlier this year regarding price increases in the micro commission or clearing (I can't seem to find the notice). Anyhow, are already priced at a premium to mini or full-size contracts.

For my own systems, oddly enough the systems I have for full size or mini contracts do not work for the micros. So that is a problem I have on my side. Go figure.

The biggest upside for micros might be in the ability to build a portfolio. The number of micros available now, as opposed to a year ago or so, allows us to do just that. I have not explored doing that quite yet, but it might align with some portfolio experimentation I've been doing.

~vmodus

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