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Bungling trades: A highly technical, very difficult to learn, trading
technique, typical moves:
1) Go Long when you want to go Short.
2) Set a Stop that kicks you out of the position the very same second that
you entered and makes you miss the cap.
3) Buy the wrong stock.
4) Unknowingly get orders executed in pre-hour trading to find out later in
the day you have a nice portfolio.
5) Chase a stock thinking you can still "get it"
6) Let a loser run and kill a winner
7) set the limit at the wrong side
8) ....
...I am real good at this stuff :-))))
It would be interesting to hear about funny/costly mistakes some others have
made, these are things we can laugh and cry about at the same time. I like
to see the humor in everything!
h
-----Original Message-----
From: jtelang [mailto:jtelang@xxxxxxxxx]
Sent: Wednesday, October 08, 2003 10:01 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Profit Potential of Mech. Systems - was:
partial results...
Thanks for your comments. I was actually looking for a discussion
along similar lines. I'll check out the site you mentioned.
Point taken re. income particulars. What're "bungling trades" btw?
Jitu
--- In amibroker@xxxxxxxxxxxxxxx, "Herman van den Bergen"
<psytek@xxxx> wrote:
> Jitu,
>
> I am a firm believer in mechanical trading however I do not trade
for a
> living and I cannot give you practical results. Some others have
done that
> extensively and make a successful living trading mechanically. Do a
search
> for posts by Steve Karnish, he is about the only one who regularly
publishes
> signals before the trade is made, right or wrong, for the world to
see. One
> of his sites is http://www.cedarcreektrading.com/
>
> Regarding 100% returns... personally I do not consider any system
that, in
> Backtesting, that gives me less return than that. The simple reason
is that
> after you add in slippage, bungling trades (oh yeah!), and
commissions, one
> should be happy to walk away with net 30%. imho 3-digit returns are
quite
> possible - it depends how well you are able to trade through the
DDs. For me
> a totally Automated Trading system is the answer: no human
intervention,
> just put some money into a dedicated account and let her run. I am
too
> trigger-happy :-( the only way for me to make money is to put it in
a system
> and forget about it, i.e. don't look at it until a year later. I am
waiting
> for this to happen, hopefully within the year.
>
> Regarding your proposed survey, I don't think many people like to
reveal
> income particulars.
>
> take care,
> herman.
>
>
>
> -----Original Message-----
> From: Jitu Telang [mailto:jtelang@x...]
> Sent: Wednesday, October 08, 2003 7:49 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: partial results - full results gets
truncated
>
>
> Herman,
>
> My original question, buried deep down in that thread Pal pointed
to, was
> this -
>
> Do we have any heavy hitters on this list who've written systems
showing
> _consistent_ 100+%
> return systems using AB? Anyone interested in results of such a
quick
> survey?
>
> And no, not expecting code. Just curious to know what kind of
systems have
> people written, what
> they trade, etc., and more especially do the systems work in real
life?
>
> Jitu
>
> PS: Since my last post, I was able to come up with a decent short
strategy
> that flows well with my
> long strategy. Results are attached. Couple of dips in my equity
plot that I
> don't seem to be able
> to shake off successfully (without sacrifising the performance
elsewhere).
> Results are from
> 1/1/2000 to 9/30/2003, trading stocks only, both long and short.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Herman van den Bergen"
<psytek@xxxx>
> wrote:
> > Thank you, read your post... have you looked at e-Minis?
> >
> > herman
> >
> > -----Original Message-----
> > From: palsanand [mailto:palsanand@x...]
> > Sent: Tuesday, October 07, 2003 9:49 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: partial results - full results gets
truncated
> >
> >
> > Hi,
> >
> > I did not post the code because, it is proprietary. I can only
> > discuss the strategy and publish results.
> >
> > It is related with this:
> >
> > http://groups.yahoo.com/group/amibroker/message/49277
> >
> > Regards,
> >
> > Pal
> > --- In amibroker@xxxxxxxxxxxxxxx, "John" <jea55129@xxxx> wrote:
> > > Herman,
> > >
> > > The code was never posted. Here is where it all begins.
> > > < http://groups.yahoo.com/group/amibroker/message/49226 >
> > >
> > > John
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Herman van den Bergen"
> > > <psytek@xxxx> wrote:
> > > > Congratulations, but what is this all about?
> > > >
> > > > Was a system description or the system code posted before... i
> > must
> > > have
> > > > missed it, could somebody repost it?
> > > >
> > > > many thanks,
> > > >
> > > > herman.
> > > > -----Original Message-----
> > > > From: Pal Anand [mailto:palsanand@x...]
> > > > Sent: Monday, October 06, 2003 10:57 PM
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Subject: [amibroker] partial results - full results gets
> > truncated
> > > >
> > > >
> > > > 03/14/2003, 02:30
> > > > PnL
> > > > Profit/loss of trade
> > > > 00639262
> > > > 1,241.85
> > > > 7,131.42
> > > >
> > > > 03/14/2003, 03:31
> > > > PnL
> > > > Profit/loss of trade
> > > > 00649935
> > > > 0.00
> > > > 7,131.42
> > > >
> > > > 03/14/2003, 03:31
> > > > PnL
> > > > Profit/loss of trade
> > > > 00649928
> > > > -21.00
> > > > 7,110.42
> > > >
> > > > 03/14/2003, 03:57
> > > > PnL
> > > > Profit/loss of trade
> > > > 00649938
> > > > 0.00
> > > > 7,110.42
> > > >
> > > > 03/14/2003, 11:03
> > > > PnL
> > > > Profit/loss of trade
> > > > 00649956
> > > > -576.08
> > > > 6,534.34
> > > >
> > > > 03/14/2003, 11:03
> > > > PnL
> > > > Profit/loss of trade
> > > > 00644549
> > > > 232.95
> > > > 6,767.29
> > > >
> > > > 03/14/2003, 11:03
> > > > PnL
> > > > Profit/loss of trade
> > > > 00650251
> > > > 525.00
> > > > 7,292.29
> > > >
> > > > 03/14/2003, 11:03
> > > > PnL
> > > > Profit/loss of trade
> > > > 00650345
> > > > 20.21
> > > > 7,312.50
> > > >
> > > > 03/17/2003, 17:02
> > > > Intr
> > > > Interest fee
> > > > 00654274
> > > > -30.00
> > > > 7,282.50
> > > >
> > > > 03/17/2003, 17:02
> > > > Intr
> > > > Interest fee
> > > > 00654273
> > > > -30.00
> > > > 7,252.50
> > > >
> > > > 03/18/2003, 17:04
> > > > Intr
> > > > Interest fee
> > > > 00654274
> > > > -30.00
> > > > 7,222.50
> > > >
> > > > 03/18/2003, 17:04
> > > > Intr
> > > > Interest fee
> > > > 00654273
> > > > -30.00
> > > > 7,192.50
> > > >
> > > > 03/19/2003, 01:06
> > > > PnL
> > > > Profit/loss of trade
> > > > 00654273
> > > > 6,900.00
> > > > 14,092.50
> > > >
> > > > 03/19/2003, 01:07
> > > > PnL
> > > > Profit/loss of trade
> > > > 00654274
> > > > 3,588.73
> > > > 17,681.23
> > > >
> > > > Total
> > > > 17,681.23
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > A C C O U N T S U M M A R Y
> > > >
> > > >
> > > > Beginning Balance
> > > > 0.00
> > > >
> > > > Comm
> > > > Trading commission
> > > > 0.00
> > > >
> > > > Intr
> > > > Interest fee
> > > > -265.00
> > > >
> > > > PnL
> > > > Profit/loss of trade
> > > > 12,946.23
> > > >
> > > > Depos
> > > > Deposit
> > > > 5,000.00
> > > >
> > > > Withd
> > > > Withdrawal
> > > > 0.00
> > > >
> > > >
> > > > Ending Balance
> > > > 17,681.23
> > > >
> > > >
> > > > Floating Profit/Loss
> > > > 0.00
> > > >
> > > >
> > > > Equity
> > > > 17,681.23
> > > >
> > > >
> > > > Necessary margin
> > > > 0.00
> > > >
> > > >
> > > > Usable margin
> > > > 17,681.23
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
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