my journal

This is a discussion on my journal within the Trading Journals forums, part of the Reception category; Hi, thanks for the feedback. Well, I didn't exactly contradict myself, but yes, I changed my mind and I acknowledged ...

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Old Dec 5, 2009, 7:23pm   #1111
 
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Re: my journal

travis started this thread Hi, thanks for the feedback.

Well, I didn't exactly contradict myself, but yes, I changed my mind and I acknowledged it in more than one of my 800 posts on this thread. Actually, I remember correcting myself within my first 100 posts, and stating that, even though psychology does not apply very much to automated trading, it applies a lot to my discretionary trading.

I agree that I am understanding more about myself, so I could even agree that I'm becoming a better person, but I wouldn't go as far as saying that money isn't 100% of my objective.

Regarding automated systems, right now I still believe that, as long as the system is good, one should be "taking oneself out of equation entirely thereby completely nullifying oneself to the point of nonexistence", and actually I would be quite rich now if I had done just that, since I began automated trading in early 2008. As long as I hadn't increased the contracts (but I might have done that in my reckless money management), by now I'd have hundreds of thousands.
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Old Dec 5, 2009, 7:35pm   #1112
 
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Re: my journal

travis started this thread Made some changes to my discretionary system due having back-tested it. Here's the backtests for 2007:

protrend_discretionary_basis_only_good_2007.XLS

For some reason it only works in 2007 and does so so in all other years. Well, I don't care because I am adding to it pivots and correlations (which are too complicated to test), so I'll still use it since it's overall a profitable systems (it kicks ass in 2007, without pivots and correlations, and breaks even in the other years).

Here's the new discretionary system (which is very close to the previous one, but more prudent: changes in red):

PRO-TREND DISCRETIONARY SYSTEM
HOTKEYS
Set up hotkeys:
"B" for "buy 1 at market" with 20 ticks bracket order,
"S" for "sell 1 at market" with 20 ticks bracket order,
"C" for "close position".
----------------------
CHARTS
SET UP THESE CHARTS ON IB'S TWS:
1 MONTH TO 15 MINUTES OF ES, CL, GBP "line" mode
2 DAYS OF EUR.USD@IDEALPRO 15-minutes CANDLES WITH PIVOTS
4 HOURS OF EUR.USD@IDEALPRO 1-MINUTE CANDLES WITH 15-periods and 210-periods moving averages
----------------------
RULES
ENTRIES can be made if:
1) time is 15.00 to 20.00 CET
1) it's your first discretionary trade today (you can't trade discretionary outside this system)
2) your entry and your take profit are >=10 ticks away from any pivot lines
3) you've looked at "correlated" chart (both 1 month and 15 minutes)
4) the 225-period ma is in favor by > 10 ticks
5) the 15-period ma gets crossed by price (in favor) after being on the other side >= 4 minutes
EXITS
Bracket order of 20 ticks.
ALL OTHER EXITS WERE TAKEN OUT TO SIMPLIFY THINGS, which is always good when possible.

Last edited by travis; Dec 5, 2009 at 7:50pm.
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Old Dec 5, 2009, 7:54pm   #1113
 
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Re: my journal

travis started this thread This is a tricky situation
I've only got myself to blame
It's just a simple fact of life
It can happen to anyone

You win - you lose
It's a chance you have to take with love
Oh yeah - I fell in love
And now you say it's over and I'm falling apart

It's a hard life
To be true lovers together
To love and live forever in each others hearts
It's a long hard fight
To learn to care for each other
To trust in one another right from the start
When you're in love



I try and mend the broken pieces
I try to fight back the tears
They say it's just a state of mind
But it happens to everyone

How it hurts - deep inside
When your love has cut you down to size
Life is tough - on your own
Now I'm waiting for something to fall from the skies
And I'm waiting for love

Yes it's a hard life
Two lovers together
To love and live forever in each others hearts
It's a long hard fight
To learn to care for each other
To trust in one another - right from the start
When you're in love

Yes it's a hard life
In a world that's filled with sorrow
There are people searching for love in every way
It's a long hard fight
But I'll always live for tomorrow
I'll look back on myself and say I did it for love
Yes I did it for love - for love - oh I did it for love
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Old Dec 5, 2009, 8:12pm   #1114
 
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Old Dec 5, 2009, 8:16pm   #1115
 
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Old Dec 5, 2009, 8:21pm   #1116
 
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Old Dec 5, 2009, 8:50pm   #1117
 
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Old Dec 5, 2009, 8:51pm   #1118
 
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Old Dec 5, 2009, 8:52pm   #1119
 
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Old Dec 5, 2009, 8:54pm   #1120
 
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