Cycle 4, stage 4 (month 3), day 19:
I did not journal much lately...
i have the feeling that I am on the verge of breakthrough... OTOH, I have this feeling for so long that I sometimes wonder if it still mean something... I guess that I am an eternal optimist...
but seriously, friday 2 weeks ago when the crypto markets were crashing hard following the SEC announcement to sue coinbase, my new trend following alpha did well. That night, it did 2 9% trades, 2 6% trades and 1 that made 16%...
It felt good to finally see my trend following quest finally deliver... However, nothing is clear cut... The code will need a lot polishing... It performs well on lengthy clear trends but not so much when the trends are shorter... I need improve the exit signals....
Another event worth mentioning is one morning, the continuous trade audio notifications did wake me up... The pace at which the notifications were coming was worrisome. They usually signal some major move in the market... I felt a small pinch thinking that the sellout was continuing... When I came at my computer to see what was happening... I have been agreably surprised... SNX did pump and dump where in the span of 1h, its price did increase by a whopping 75%...
This did trigger big time my arb subsystem... My SNX balance did increase by a whopping 450% in about a 1h period!
Next, I cannot work on genious ideas all the time... I have been pursuing an idea for the last 5-7 days and I have tried the idea sometime yesterday only to find out that the idea was shit and that I have pretty much wasted those precious days... It is not a total waste... success is a trial and error process... You have to try out to find what works and what does not... On the bright side, I have perfected my understanding of price momentum so not everything has been wasted...
So this is where I am... System is becoming more efficient... I did miss the goal to significantly increase my trading budget by my birthday... My confidence is not high enough in the system to blindly let it loose... but this moment is very close... Maybe next week-end or before...
I did not journal much lately...
i have the feeling that I am on the verge of breakthrough... OTOH, I have this feeling for so long that I sometimes wonder if it still mean something... I guess that I am an eternal optimist...
but seriously, friday 2 weeks ago when the crypto markets were crashing hard following the SEC announcement to sue coinbase, my new trend following alpha did well. That night, it did 2 9% trades, 2 6% trades and 1 that made 16%...
It felt good to finally see my trend following quest finally deliver... However, nothing is clear cut... The code will need a lot polishing... It performs well on lengthy clear trends but not so much when the trends are shorter... I need improve the exit signals....
Another event worth mentioning is one morning, the continuous trade audio notifications did wake me up... The pace at which the notifications were coming was worrisome. They usually signal some major move in the market... I felt a small pinch thinking that the sellout was continuing... When I came at my computer to see what was happening... I have been agreably surprised... SNX did pump and dump where in the span of 1h, its price did increase by a whopping 75%...
This did trigger big time my arb subsystem... My SNX balance did increase by a whopping 450% in about a 1h period!
Next, I cannot work on genious ideas all the time... I have been pursuing an idea for the last 5-7 days and I have tried the idea sometime yesterday only to find out that the idea was shit and that I have pretty much wasted those precious days... It is not a total waste... success is a trial and error process... You have to try out to find what works and what does not... On the bright side, I have perfected my understanding of price momentum so not everything has been wasted...
So this is where I am... System is becoming more efficient... I did miss the goal to significantly increase my trading budget by my birthday... My confidence is not high enough in the system to blindly let it loose... but this moment is very close... Maybe next week-end or before...
