duc's Journal

Here are the week 13 results.

This week saw a slight pullback in the S&P500 index. The strategy remained long into this week, and gave back 0.46% of ‘open profits’ nothing too terrible. The position for next week will be important.

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duc

Just having a bit of a scroll through these boards highlights a couple of things, at least for me: [i] first, most would love to live the dream, viz. trading full time profitably for a living and [ii] most, or many are sceptical that it can actually be done.

Well, it can be done, and by anyone. It is not easy, that is true enough, but neither is it impossible.

For novice, even intermediate traders, many are loath to seek help. Partly, I'm sure that is due to so many rip-off merchants within this industry, there are however many legitimate and honest ones. Find an honest one, use the services, and learn from them. If the services are profitable, you can't help but learn from them, it may not be the entire answer, but at least you are making money while you learn the ropes.

Shorter term trading relies upon two components, both fundamental: [i] a timing methodology and [ii] a trading vehicle or system. The vehicle can in a large degree offset some of the risks of the timing methodology.

Some offer one or the other, some offer both, some will offer you one, with the option of adopting their methodology.

The takeaway message is this: the 'dream' is possible, very much so. Can you find it on your own...of course you can. Is it easier with a helping hand, definitely, you can shortcut potentially years of work, really of exploring dead ends more than anything.

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duc

Week 14 Results

Again, a profitable week.

An observation on opportunity. Again, from perusing the boards here, it becomes apparent that there are any number of fraudulent undertakings promoting systems, etc.

This is why, along with the newsletter, that obviously can only be read in hindsight, an independent third party auditor of the results, which are the m@rketocracy results that I post each week.

Therefore with independent verification of the results, it is quite clear that the market can be traded profitably.

The fear of the opportunity must clearly lie elsewhere, for instance: what about when the market changes, viz. when the trend bends at the end. A legitimate concern and one that is managed very easily by the structure of the trade [remember my own positions are actually Option positions which leverage the results, but also modify the risk]

Of course, if you are looking to place trades on a purely directional basis, then the evidence will have to take an empirical basis, and you will simply need to observe how I navigate the bend at the end when it actually arrives - which at some point, it will.

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duc

I've just had a quick look at the FX trading coach thread, and somewhere in the thread there are [i] a photo of some car [ii] located in NZ.

Please.

If you want to do it properly, check out Tim Sykes, private jet, Las Vegas, lot's of booze, hookers and penthouse, throw in Wayne Gretzky and Michael Jordan for good measure...all in a couple days of earning from trading stocks.

March 2012 Vegas Recap: Private Jets, Jordan, Gretzky, Cassavetes, Gorgeous Girls, Giant Champagne Bottles, 20-Minute Video Of My Penthouse Villa

jog on
duc

The results from Week 15

The S&P 500 ETF tracker SPY finished 0.31% lower this week, thus I lost some 'open profit'. Actually this is not the way to really look at the trade, or any trade for that matter. More to the point is that any methodology seeking to capture trends will always surrender at some point some of the open profit while waiting for the exit criteria to have been met. This methodology is a trend capture methodology.

The methodology 'exits' on a weekly close, not a daily close. The signal, to date, has not yet set-up, so, the trade remains open.

Next week sees the start of Q2 earnings. This may well increase the volatility in the market, and an increased volatility need not mean a fall, look at the calculation for volatility, and then look at various market periods. Of course, increased volatility creating bear conditions is the popular perception, and with good reason.

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duc

An Easter freebie.

This week's [16] now posted.

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duc

Just an update, now on week 35

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duc

Update...

In addition to the returns shown here, there is an additional return generated through the selling of Option premium. This is very low risk.

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duc