Thursday, August 30, 2018

-$600, Day Trading Algorithm

8/14/2018 4
8/15/2018 -15.75
8/16/2018 3.25
8/20/2018 -3.25
8/21/2018 -5.75
8/24/2018 4.75
8/27/2018 4.25
8/28/2018 0.5
8/30/2018 -3.5
Total: -11.5


Starting  March, Medved's proprietary algorithm made 95 /ES points. 

2 comments:

  1. I've been watching your portfolio trades for a while. I really enjoy learning from your options trades. But your day trading has no edge. You can never make money with losers 3 times your largest winners. You seem to focus more on the statistics of trading more than the price action/order flow. Which for daytrading is the wrong route to take unless you have a lot of money and team of at least 2 quants. To make 4 or 5 ES pts a day..you could just take bounces off of Fib lines. Hell...you could trade VWAP bounces if you're gonna take 16 pt losers...and exend your target to a 1:1 or 1:3 ratio. You have the capital to hold overnight

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  2. Well, recently I incurred several significant losses. But overall my trading has improved relative to the previous years. You are right that there could be better trading systems. But one can be sure if it is confirmed by the corresponding statistics. Without statistic it is difficult (at least to me) to trade with conviction. I like the idea of trading around VWAP, need /ES data to build the algo.

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