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Sebastian - thanks for the response. However, I think I'm talking
about something different. I'm talking about using the overall
performance/equity curve of a portfolio to modify the rules associated
with a trading system. But maybe I'm wrong - what did you mean by:
"I swing in and out of the portfolio (long only) using a moving
average of the equity as a "buy" area when the general market (SP500
as proxy)"
When you say equity in this case, do you mean portfolio equity? Or do
you mean AN equity (as in a single stock)?
--- In amibroker@xxxxxxxxxxxxxxx, "sebastiandanconia"
<sebastiandanconia@xxx> wrote:
>
> Coincidentally, I've just recently begun trading along these lines,
> with good success. With AB's ability to test and track portfolios it's
> relatively easy.
>
> My basic method: First, I use a stock screener to locate CANSLIM-style
> small-caps. (MSN has an advanced one, free and powerful. Major
> brokerages have them, too, for customers.) Second, I eliminate foreign
> issues from this list, keeping only domestic ones. I also "eyeball"
> all the charts, eliminating stocks with uptrends that are
> clearly "broken" but somehow sneaked past the initial screen, anyway.
> Third, I *randomize* the list by putting it in alphabetical order by
> ticker symbol. Finally, I choose the first 6 stocks on the list, and
> that's the portfolio I work with. Each issue gets an equal dollar-
> amount of money invested.
>
> I swing in and out of the portfolio (long only) using a moving average
> of the equity as a "buy" area when the general market (SP500 as proxy)
> is strong, and use a discretionary exit, i.e., I think the trade has
> made me as much as it's likely to on this particular upswing.
>
> Since the beginning of the year I've hit three wins on three round-
> trips, up about 14%. (Not a brag, because humiliation is only one
> trade away for us all, just pointing out the potential, considering
> that the SP500 and other major indices are still down for the year.)
>
> I don't do any position-sizing, and just trade the portfolio as if it
> was my own personal index. Only having 6 stocks might not seem like
> enough diversification, but it works surprisingly well.
>
> FWIW.
>
>
> Sebastian
>
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@> wrote:
> >
> > I was wondering if anyone has any experience with trading the equity
> > curve itself as part of a system. In particular, I was looking for
> > feedback on approaches to being above or below the curve - did you
> > reduce/increase position sizes or the number of positions? What have
> > you found to be affective?
> >
> > Any feedback greatly appreciated - obviously I don't want or expect
> > anyone to give away a great system, but I thought it might be an
> > interesting topic for a general discussion.
> >
>
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