Category: report

Week 2017-10 – Report

Screening

Was ok, doing my work every day, cleaning up WL etc.

Execution

Execution was daily. I was especially aware of my sequence of order entry to avoid mixing up long and short which worked quite well for now.

Today I was about to enter an order with 400 shares instead of 40, but fortunately noticed.

Research

I was working on the concept I mentioned last week with mixed results and conclusions. I’ll have to let it sit for a while.

There was one very simple quote at the beginning of the Chat With Traders interview with Adam Grimes that stuck with me:

Market makes a big move.

Do we position for another big move in that same direction, do we look for a reversal or is there no edge and do we do nothing?

Well, extemely simple and I’d like to focus on this for the coming week(s), structuring my work beforehand etc.

HR

Still maintaining the chain for screening, execution and meditation unbroken which is the core of my work.

Let go off training for now and I’ll have to revisit sport in some way as I am struggling to meet 5 times a week and may need to reduce to 4 times.

Admin/IT

Cleaned up all my old screens I did not use in a while.

Quality

 

I started working on my best/worst trades for the quarter. Nothing more of importance.

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Week 2017-09 – Report

Screening

Was ok, doing my work every day, cleaning up WL etc.

Execution

Execution was daily but it happened twice again that I entered buy instead of sell orders. Again no damage at all, not even a missed or late trade by that and I had noticed the error reasonably fast after the order went live.

Research

 

I came across a concept that put almost all my prior work upside down and I have to revisit all ideas. It is more appropiate to think about the details in my personal journal.

 HR

Pressure in my day job released mostly since Tuesday, but still feeling headwind to keep up the streak. I did not mention before but my allergies do not favor the situation, but I still hope to improve duration of meditation and pick up some training this week which seems not too stressful and by that also push into more sports.

Here my chain, still unbroken for meditation and my trading activities but not so glorious for sport and training.

Admin/IT

Nothing noteworthy this week.

Quality

Month end and I have to work through my statements. I did some statistics last week already, so only statements.

Regarding the execution problem of repeated mess up of buy order instead of sell orders: 2 action items to solve this: a) find a way to reduce potential erroneous order entry and b) find a way to detect it immediately i.e. before sending order to exchange.

For a) I have already noticed that one of the problems is when I use the order entry mask, first select short and then afterwards change the security, the order entry mask jumps back to buy. I must establish a routine to always always choose first the security, then long/short, then qty etc. Awareness is a first step, if it does not work I may need a checklist.

For b) I need to investigate this week whether there is a way to make a long or short entry more visual in my TWS. I never execute immediately but always first visualize the entry trigger and SL in the chart, but there is no way to differentiate which is the entry trigger and which the SL. Need to find out.

 

Week 2017-08 – Report

Screening

Was ok, doing my work every day, cleaning up WL etc.

Execution

Execution was daily and flawless.

Research

Did not do so much this week. My dayjob did not take up so much time, but so much mental energy, and I am afraid to expect something similar this week.

Anyway, I had a few ideas of what to check this week. My goal for this week is to better structure the ideas before running my analysis (if at all this week).

HR

Still feeling the headwind. No Python at all, short meditation and poor performance in physical activity. Not sure how to look at this, as there is only so much I can do and I at least followed through on the core tasks, i.e. screening, trading execution, then also meditation without fail daily, sport at least minimum requirement met and only fail (but completely) on training/Python.

 

In summary it is a mixed result and I will not beat myself up as long as I meet the core tasks.

Here my chain.

Admin/IT

Introduced a new scan more by chance than anything else. Extremely simple failure test screen which is fast to go through.

Quality

Nothing specific. I took off a few trades by tightening my SL extremely close. In general I did not violate any of my trading rules, but I may want to re-check on this concept in the mid-term to ensure I am not cutting unconsiouscly my winners.

I did furthermore some general test of my trading performance and did not find any meaninful patterns to draw conclusions.

Week 2017-07 – Report

Screening

Perfect this week with every day doing extensive scans, cleaning up WL etc.

Execution

Execution was daily and flawless.

Research

My dayjob kept me busy all the week. I did some backtesting but the fact that I am not able to describe it without going back through my files clearly shows a lack of focus.

I should either do have a clear plan or otherwise rather relax, focus on other things and/or do more thinking, reading etc.

In summary, this has a lot of improvement potential for the next few weeks. Either focus or do nothing/read.

 

HR

I felt quite some headwind also on following though here. I seem to be at a critical point, 4-5 weeks into my resolutions… were many people skip the gym the first time etc.

I had some very poor meditation session this week, yesterday I had to stop early due to interruption etc. but I am still on and now 17min (I am afraid to go too far as I had days where I was not looking forward to it).

Now the really bad:

After at least doing 10min a day for Python I skipped 2 days completely.

For sport I was not much motivated last weekend but still did 30min and pushed through. But after skipping Wednesday I forgot my towel to run during lunch break on Thursday and came home late, so had no chance to avoid my miss here. I will have to focus on making a longer chain now starting from 0.

 

Admin/IT

Nothing noteworthy this week.

Quality

Nothing specific.

Week 2017-06 – Report

Screening

Perfect this week with every day doing extensive scans, cleaning up WL etc.

Execution

Execution was daily and flawless.

Research

At the beginning of the week I kept researching an interesting concept of where to invest excess cash in the period of not favorable market set-up and was stunned by the results which look too good to be true… well, as in 100% of the previous cases they were not true… missed the roll cost for VIX futures… the concept itself is still interesting, but I have to dig in deeper.

So basically research did not feel much productive this week as my day job did not allow me to focus enough on it, and I ended up multitasking with suboptimal results… Cannot plan ahead and set challenging goals as I am entering into rough weeks in my day job, but if there is anything I’d like to achieve next week, it is progress in this area.

 

HR

Finally my meditation cushion arrived. Still doing 16min a day, some days it works quite fine. Yesterday I started very poor but then really lost myself completely for albeit very short moments. Today I noticed the importance of no noise at all – should consider earplugs for cases I know in advance it will not be perfectly silent.

For Python I was really struggling as the material now gets really much more challenging and I had so little time to focus on. The positive is that although I did some days only 10-15min, I did not break the chain

Same for e.g. yesterday sport. I was about to skip and only the motivation not to break the chain made me invest 25min. Satisfied with that.

 

Admin/IT

Nothing this week.

Quality

 

Nothing specific. I got hard hits yesterday on $MXL which gapped down into my SL. Overall trade was still profitable and I have to accept such hits.mxl.PNG

Another hard hit was $PPC. I got stopped in short at the open and saw it rushing through my Buy SL in less than 45min yielding a clean (1)R… I do not like fall into hindsight bias, but I noticed that something similar had happened to this stock twice before in the last 3 months, so while those hits are part of the game this seems to have been avoidable.ppc.PNG

Week 2017-05 – Report

Screening

Perfect this week with every day doing extensive scans, cleaning up WL etc.

Execution

Execution was daily and flawless. I noticed I had missed to update the qty on my SL after taking partial profits on RCL, but noticed fortunately before any unwanted exection happened.

Research

I was very clear that backtesting would not be my focus over the next few weeks, but I fell prey for a really interesting concept that gave my basic relative strength screen an extreme push – I should be aware that I am dangerously close to data-mining, but the concept itself makes a lot of sense and has clear impact on different data samples etc. Anyhow, I am still playing around with it. I am at danger to lose my focus on the other areas when investigating, but the fact that I worked for a few hours this week on it seems to be acceptable. I still performed my other tasks, so a little bit playing around should be ok.

I finished the Python course with mixed feelings. I did it ahead of times and completed all assignments w/o any outside help or looking up things. On the other hand there are a few concepts I am still struggling. Already started the next course, only did a 10min video yesterday, so will have to be disciplined not to lose momentum in the next days.

HR

Keeping meditation as a habit, still waiting for my cushion… I am doing 16min a day currently, and I am working on a balance between taking it as a challenge and feeling relaxed about it. I noticed that only feeling relaxed seems currently not enough.

I did sport but my performance was surprisingly bad in terms of running. Not sure whether there is some health issue.

I did not do any other training activity beyond the Python course, I simply have to acknowledge that I cannot overfulfill my expectations when my day job does not allow it.

Don’t break the chain works very well as motivation for now.

Admin/IT

Some work on the screen identified in Reseach to make it easily usable in Prorealtime

Quality

I checked my monthly report and found known issues I will not discuss further here.

Also reviewed my avg R per set-up etc. although the sample size is rather small after my latest clean-up and re-classification.

On Friday I noticed another error on execution: I had a buy/sell order switched but did not get execution. The positive aspect was I noticed it immediately when opening my TWS in the afternoon – on previous ocassions I was wondering about the strange color of the order… at least I learned this…

 

 

Week 2017-04 – Report

Screening

Perfect this week with every day doing extensive scans, cleaning up WL etc.

Execution

Execution was daily and flawless. I took profits w/o hesitation on the trades that worked and also got out pro-actively and early after failed breakouts which also in hindsight seems reasonable especially in order to free capital for better set-ups.

Research

No backtesting, I feel really burned out in that area, and think it is a good idea to take some break and focus more on simple set-up execution, building my habits etc.

I started the Python course last week and am now in the middle of week 3 – I am repeating the course, but I think it is really worthwile, I am getting the concepts much better. Again, I try to be cautiously optimistic and hope to finish it by next week Friday…

HR

Very good. Picked up meditation, changed my position from lying to sitting, bought a cushion, and maybe most important: I am looking forward to doing it. Again, cautiously optimistic for now.

Also picked up sport 3 days ago, still way to go to get back into my best shape, but I am not so much behind as I thought.

Should also pick up some hand drawing or someting like that for next week.

Don’t break the chain works very well as motivation for now.

Admin/IT

Did a few minor tweaks on my trade log and cleaned up my trading software screen set-up and screens. Nothing big, but ok.

Quality

Nothing due for this week.