Cycle #5, day 5:
I didn't feel like journaling today but I did force myself to do it as it is the way that I have found to keep track of where I am in the cycle.
but the funny thing is that I thought that I had nothing to write about but simply to prepare myself doing it, a bunch of ideas did pop up in my mind.
1. There is something that I have tried to achieve on and off for a good 20 years. I have never succeeded in getting any results in that direction for all these years. Guess what? since I have started to use OF, at the same time (actually, I ordered something from China back in late April but it took months before I receive it). I must have finally received it around end of june (about the same time that I did start OF), I started to see results. Was it fear that was stopping me to get any success in that endeavor?
2. Trading project keeps working super well. The last addition to my execution strategy appears to maximize profits when possible. Since last week-end, a lot of trades have been executed. I am hitting the limitations of what has been coded so in that sense, it is not perfect but I have not seen any execution that fails because of something unexpected did happen or because of some undiscovered bugs. Finally! the system starts to run smoothly...
My last observation was that sometimes the strategy works, sometimes it doesn't. I suppose that there are some conditions that I am not parameterizing that explain the difference. I'm recording a lot of data but it is difficult to dig into the logs and extract the relevant info. Therefore, I have created new DB tables, wrote the code that insert the trading decision parameters and results into them. That way, I'll be able to do data mining and probably a pattern will be discovered.
That being said, I have a TODO list for that project and this whole data mining idea is a total distraction from the plan but in this case, I'm following my guts and they are telling me that putting in place something to perform data mining in previous results is important.
To give you an idea, my daily trading budget is limited to $100. If a trade wins, the profit is added to the budget, if it is a loss, it is removed from the budget. At midnight everyday, no matter what, the budget is reinitialized to its initial value.
Despite this very small budget, my last 30 days trading volume is getting close to $20,000! An event that I am eyeing very much if reaching the $50,000 trading volume. At that milestone, the transaction fees will be discounted... And I expect this to be a game changer where trading opportunities will significantly increase...
Since, everything has run smoothly for the last few days, I have decided to very conservatively increase the daily budget to $150 to speed up a bit reaching this important milestone.
Beside that, I have discovered something simply amazing on the Internet... Another game changing event....
Finally, it seems like a lot of things are changing for the better since I started OF!
I didn't feel like journaling today but I did force myself to do it as it is the way that I have found to keep track of where I am in the cycle.
but the funny thing is that I thought that I had nothing to write about but simply to prepare myself doing it, a bunch of ideas did pop up in my mind.
1. There is something that I have tried to achieve on and off for a good 20 years. I have never succeeded in getting any results in that direction for all these years. Guess what? since I have started to use OF, at the same time (actually, I ordered something from China back in late April but it took months before I receive it). I must have finally received it around end of june (about the same time that I did start OF), I started to see results. Was it fear that was stopping me to get any success in that endeavor?
2. Trading project keeps working super well. The last addition to my execution strategy appears to maximize profits when possible. Since last week-end, a lot of trades have been executed. I am hitting the limitations of what has been coded so in that sense, it is not perfect but I have not seen any execution that fails because of something unexpected did happen or because of some undiscovered bugs. Finally! the system starts to run smoothly...
My last observation was that sometimes the strategy works, sometimes it doesn't. I suppose that there are some conditions that I am not parameterizing that explain the difference. I'm recording a lot of data but it is difficult to dig into the logs and extract the relevant info. Therefore, I have created new DB tables, wrote the code that insert the trading decision parameters and results into them. That way, I'll be able to do data mining and probably a pattern will be discovered.
That being said, I have a TODO list for that project and this whole data mining idea is a total distraction from the plan but in this case, I'm following my guts and they are telling me that putting in place something to perform data mining in previous results is important.
To give you an idea, my daily trading budget is limited to $100. If a trade wins, the profit is added to the budget, if it is a loss, it is removed from the budget. At midnight everyday, no matter what, the budget is reinitialized to its initial value.
Despite this very small budget, my last 30 days trading volume is getting close to $20,000! An event that I am eyeing very much if reaching the $50,000 trading volume. At that milestone, the transaction fees will be discounted... And I expect this to be a game changer where trading opportunities will significantly increase...
Since, everything has run smoothly for the last few days, I have decided to very conservatively increase the daily budget to $150 to speed up a bit reaching this important milestone.
Beside that, I have discovered something simply amazing on the Internet... Another game changing event....
Finally, it seems like a lot of things are changing for the better since I started OF!
