|
PureBytes Links
Trading Reference Links
|
Granted I can ONLY do 3 trades......... But I usualy take the sequence you
pointed out.
I have a Gain of aprox 10% in 150 days. Not Very FAST but OK for a newb.
I try to turn over my entire capital each month. (Sofar I have only been
able to turn half of it per month).
<Michael>
At 08:37 PM 24/08/2003 -0700, you wrote:
>Like everything else, it's all in the wrist.
>
>Some like to buy 3 contracts (or multiples of) at the inital buy point.
>The first one is exited as soon as the margin, taxes, and broker costs are
>gained.
>The second is exited as soon as a profit target is reached.
>The third is held until the trend is exhausted, or when a specific stop is
>triggered.
>Obviously, if the price direction goes wrong, all three are exited at once.
>If you get the price direction wrong often, its going to cost ya.
>
>"Pyramiding" is a word that has gained a negative connotation by those who
>tried it without adequate testing and crashed their accounts.
>Traditional pyramiding does, for the most part, fail.
>Many people pyramid without calling it that. It's really just adjusting a
>previously opened trade.
>Done differently, under some conditions, it works.
>
>-CS
>----- Original Message -----
>From: <mailto:Kevin243@xxxxxxx>Kevin243@xxxxxxx
>To: <mailto:amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
>Sent: Sunday, August 24, 2003 7:36 PM
>Subject: Re: [amibroker] Re: adding to positions in Stocks
>
>I've done pyramiding in terms of trading. After doing it, and getting
>less than satisfactory returns, why would you want to? It is essentially
>dollar cost averaging the wrong way. The reward/risk characteristic of
>the position is getting worse as you approach the final position close-out.
>
>Granted, managing a fund may quite different, since money is always
>streaming in or out, whatever.
>
>But, it seems to make more sense to find a stock/future that hasn't moved
>yet, and invest new money there.
>
>Kevin Campbell
>
>
>
>In a message dated 8/24/03 4:29:34 PM Central Daylight Time,
>psytek@xxxxxxxx writes:
>
>>
>>
>>Pyramiding has been commented on by Tomasz, and can be implemented by
>>closing and re-opening a position with a different position size. I also
>>posted another method myself at the time. Do a search for Pyramid in the
>>AB archive. Here is TJs example:
>>
>>// the example system buys on monday, wednesday (increasing
>> >>>pos)
>> >>>// and sells on friday
>> >>>
>> >>>BuyCond = DayOfWeek() == 1;
>> >>>Buy2Cond = DayOfWeek() == 3; // pyramid
>> >>>
>> >>>Sell = DayOfWeek()==5;
>> >>>
>> >>>Buy = BuyCond OR Buy2Cond;
>> >>>PositionSize = IIf( Buy2Cond, 2000, 1000 ); // 1000 is first
>> >>>trade
>> >>>2000 is pyramided
>> >>>Sell = Sell OR Buy2Cond;
>> >>>
>> >>>/////////////////
>> >>>Please set trade delays to zero in the settings page.
>>
>>>-----Original Message-----
>>>From: Chuck Rademacher [mailto:chuck_rademacher@xxxxxxxxxx]
>>>Sent: Sunday, August 24, 2003 4:37 PM
>>>To: amibroker@xxxxxxxxxxxxxxx
>>>Subject: RE: [amibroker] Re: adding to positions in Stocks
>>>
>>>
>>>The inability to add to positions in AB and MetaStock has been a
>>>frustration for a lot of us over the years.
>>>
>>>After reading some of the posts on this recent thread, I had an idea
>>>that might help. If it was really important to me to be able to test
>>>such an idea, I would try creating pseudo-instruments. For ease of
>>>describing what I'm talking about, I'll use IBM as an example. By the
>>>way, this approach could be tedious for stocks, but I get the impression
>>>that the original person raising the issue was interested in
>>>futures. Cotinuing with my example of IBM, I could create a new ticker
>>>called "IBMx1" that I could use the first time that I wanted to add to a
>>>position. I could have another (IBMx2) for the next addition,
>>>etc. You could even set commissions/slippage to zero within the AFL
>>>for such tickers.
>>>
>>>I haven't thought it all the way through and I don't really have time to
>>>get into it right now. But perhaps someone else can take it from here?
>>>
>>>Have fun!
>>>
>>>>-----Original Message-----
>>>>From: CS [mailto:res1wgwl@xxxxxxxxxxx]
>>>>Sent: Sunday, August 24, 2003 4:17 PM
>>>>To: amibroker@xxxxxxxxxxxxxxx
>>>>Subject: Re: [amibroker] Re: adding to positions in Stocks
>>>>
>>>>
>>>>You can increase or decrease the size of each position before it is
>>>>initiated, but not during a trade. For anything. Not yet.
>>>>You could write a dll for the capability but it would be difficult to
>>>>keep the separate trades organized. After you decided to
>>>>increase/decrease a position while you were in a trade, which
>>>>contracts/equities would buy/sell first? When? In what order? According
>>>>to what schedule?
>>>>
>>>>-CS
>>>>
>>>>>----- Original Message -----
>>>>>From: <mailto:rlb21079@xxxxxxxxxx>rlb21079
>>>>>To: <mailto:amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
>>>>>Sent: Sunday, August 24, 2003 4:16 AM
>>>>>Subject: [amibroker] Re: adding to positions in Stocks
>>>>>
>>>>>
>>>>>Is this also true for equities/stocks?
>>>>>
>>>>>--- In <mailto:amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx,
>>>>>"CS" <<mailto:res1wgwl@x>res1wgwl@xxxx> wrote:
>>>>> >Can't.
>>>>> >
>>>>> >-CS
>>>>> > ----- Original Message -----
>>>>> > From: emarco
>>>>> > To: <mailto:amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
>>>>> > Sent: Tuesday, July 15, 2003 9:37 AM
>>>>> > Subject: [amibroker] adding positions in futures
>>>>> >
>>>>> >
>>>>> > How can I add postions (contracts) if a condition is met.
>>>>> >
>>>>> > example:
>>>>> > I entered a buy position after signal.
>>>>> >
>>>>> > Add one more contract if profit (first trade >2%)
>>>>> >
>>>>> >
>>>>> > any idea how?
>>>>> > thanks
>>>>> >
>>>>> > juan
>
>
>
>
>Send BUG REPORTS to bugs@xxxxxxxxxxxxx
>Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
>-----------------------------------------
>Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
>(Web page:
><http://groups.yahoo.com/group/amiquote/messages/)>http://groups.yahoo.com/group/amiquote/messages/)
>--------------------------------------------
>Check group FAQ at:
><http://groups.yahoo.com/group/amibroker/files/groupfaq.html>http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
>
>Your use of Yahoo! Groups is subject to the
><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
>
>
>Yahoo! Groups Sponsor
>ADVERTISEMENT
><http://rd.yahoo.com/M=259538.3760361.5018013.1261774/D=egroupweb/S=1705632198:HM/A=1712983/R=0/SIG=11u38u3s2/*http://hits.411web.com/cgi-bin/hit?page=1374-105951838331032>2f165555.jpg
>2f1655cd.jpg
>
>Send BUG REPORTS to bugs@xxxxxxxxxxxxx
>Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
>-----------------------------------------
>Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
>(Web page:
><http://groups.yahoo.com/group/amiquote/messages/)>http://groups.yahoo.com/group/amiquote/messages/)
>--------------------------------------------
>Check group FAQ at:
><http://groups.yahoo.com/group/amibroker/files/groupfaq.html>http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
>
>Your use of Yahoo! Groups is subject to the
><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for Your HP, Epson, Canon or Lexmark
Printer at Myinks.com. Free s/h on orders $50 or more to the US & Canada. http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/l.m7sD/LIdGAA/qnsNAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Attachment:
Description: ""
Attachment:
Description: ""
|