I'm trailing it up but close to getting hit. I checked the
numbers on the Google spreadsheet I posted -- exit for the Multi
based on on the open price of 119.19 results in a 6.14% loss which
is obviously a lot better than the 11.78% max drawdown.
Great thought vida. One thing that would play into the total net
profit/loss is that the new system would have been also long from
112.26 to today's 119.19 after the initial -6.5% loss.
Yes, good points both kbgupta and burkmere.. kinda wanted to
point out that it has been important to maintain discipline on this
very tough trade. With this official exit my losses have been
reduced to acceptable. Would hate to have sold around 1120 level as
I was very tempted to. Hedging has helped.
trailed out 119.84 -- didn't want to give it much room since the
system had officially exited. Want to pass on some results since I
did something unusual -- intention is to pass on a possible
variation for risk management rather than blowing my own horn since
I still had a painful loss. I took the first trade in cash but
thanks to tumbler I decided to do the other 3 entries with call
options (Oct 130,126 and 122). Bottom line with everything closed
out the net loss was 4.38% vs what I expect to be the official
result of 6.14%. The conventional method with the better exit price
resulting from todays trailing stop I did would have given a 5.63%
loss. So the calls helped reduce risk. On the other hand I assume
they would have reduced total percent gains if the trade had
worked. Would be interested in hearing other risk management
strategies people used.
I'm trailing it up but
SPY System Record?
Posted by bkout3 on 15th of Aug 2011 at 09:57 am
I'm trailing it up but close to getting hit. I checked the numbers on the Google spreadsheet I posted -- exit for the Multi based on on the open price of 119.19 results in a 6.14% loss which is obviously a lot better than the 11.78% max drawdown.
It's better than the 6.5%
Posted by Vida on 15th of Aug 2011 at 10:23 am
It's better than the 6.5% stop loss...
Great thought vida. One thing
Posted by kbgupta on 15th of Aug 2011 at 10:28 am
Great thought vida. One thing that would play into the total net profit/loss is that the new system would have been also long from 112.26 to today's 119.19 after the initial -6.5% loss.
The Single Entry Loss was 8.47%.
Posted by burkmere on 15th of Aug 2011 at 10:30 am
Yes, good points both kbgupta
Posted by Vida on 15th of Aug 2011 at 10:44 am
Yes, good points both kbgupta and burkmere.. kinda wanted to point out that it has been important to maintain discipline on this very tough trade. With this official exit my losses have been reduced to acceptable. Would hate to have sold around 1120 level as I was very tempted to. Hedging has helped.
I'm still holding...
Posted by burkmere on 15th of Aug 2011 at 11:07 am
I'll see what options week strength provides...
continuing to trail up....internals looking
Posted by bkout3 on 15th of Aug 2011 at 10:19 am
continuing to trail up....internals looking good at the moment
Title: some various results trailed out
Posted by bkout3 on 15th of Aug 2011 at 11:11 am
trailed out 119.84 -- didn't want to give it much room since the system had officially exited. Want to pass on some results since I did something unusual -- intention is to pass on a possible variation for risk management rather than blowing my own horn since I still had a painful loss. I took the first trade in cash but thanks to tumbler I decided to do the other 3 entries with call options (Oct 130,126 and 122). Bottom line with everything closed out the net loss was 4.38% vs what I expect to be the official result of 6.14%. The conventional method with the better exit price resulting from todays trailing stop I did would have given a 5.63% loss. So the calls helped reduce risk. On the other hand I assume they would have reduced total percent gains if the trade had worked. Would be interested in hearing other risk management strategies people used.
Yep, using the 20ema on
Posted by Vida on 15th of Aug 2011 at 10:33 am
Yep, using the 20ema on 5min chart as support. Although we just painted two tick extremes at 1200 resistance..