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I entered WDC on 10/23 based on TradeMiner data, just blindly entered at the mined beginning date. I got in at $70.21/share and it has gone down since. The historical max drawdown is 15% so I placed a buy order 15% below my entry to double-down.
It bounced up right in front of that level a few days ago, though it may still re-visit the area.
Just thought it was kinda interesting. Again, I'm just experimenting with small amounts of capital here.
I haven't taken any new entries lately, though I saw some good setups for the 17th but I was busy with my other trades. If I get some of those for less than the Nov 17th price I would have entered with I may consider getting in there. I'm more interested to see how the ones I have now play out. Here's how they are doing so far...
I'm still in it. All of my TradeMiner trades made money or broke even. Except 2 of them which I am still holding and "campaign" trading to lower my cost basis via scaling in at lower levels, selling options against it and collecting dividends. My stock position cost basis is around $49.84 now (compared to originally entering at $70.21), not including my dividned and options income. My goal is just to get out just above break-even ($50) and keep the income derived as profits. Fundamentally, WDC may not have been the best stock to run a campaign with but I'm sticking with it.
Hi @shodson
I was wondering whether you ever used TradeMiner for trading interest rates futures. If so would you mind sharing your feedback. If not would you please try to show here how you would setup some trades on these instruments, in sim mode, using TradeMine?
Do you think the information in TradeMiner is similar/complementary to that for example pulished in report like this one: MRCI - Catalog
Thanks. guidoisot
As far as how to use this, I think it just compliments whatever system you have. So for example if you trade a moving average cross, and ZN is seasonally bullish for the next 4 weeks, then I would favor trading to the long side when my setups appear and avoid bearish setups.
I'll be honest I have yet not put in the time to best incorporate TradeMiner in my day-to-day trading. I've just used it for 15-20 trades last year, with decent success.
As far as MRCI, it's similar in terms of seasonal analysis, but probably not much else. These MRCI reports look like a "trader's almanac" type of reports for specific instruments of asset types, but I've never bought or seen one so I can't tell you whether they are useful or not. But I do know guys that have used MRCI data very profitably when incorporated with technicals and fundamentals.
