I trade longer term mechanical trading systems exclusively on the ASX. I rarely look at daily charts and the systems are built using weekly timeframes.
The information in this site is based on actual trades in real portfolios. I don't trade using margin or any sort of leverage. I mainly use Amibroker for system testing and trade monitoring.
I am not selling anything. This is just a journal to record where I have been and, just maybe, where I am going.
Thursday, April 10, 2008
March Quarter
Not the best quarter. I've posted a yearly chart as well as the quarterly. The equity line is looking a little shaky for the start of this year. There are some early signs of life in the market - let's see what the rest of 2008 brings.
Good on you for taking new trades in such a reactionary market. Of course, who can know when the next long term trend will commence; maybe next week. Peter H
Hey mate,
ReplyDeleteThat drawdown isn't too bad at all to be honest. The market's been very rocky of late and I've seen much worse (my own included!)
MM
What sort of % is your DD Stevo?
ReplyDeleteHaving just read Covell's Turtle book I am impressed by what sort of DD's those trend traders were prepared to tolerate.
I get scared by a 10% DD so can't imagine trading money with a 40-50% DD, though if it's OPM then I guess I could change my attitude :)
Andrew
www.humblemoney.com
Maximum closed trade drawdown was around 7%.
ReplyDeleteOpen trade drawdown was probably double this, maybe more.
The systems went to cash and I am actually up a bit for the current financial year when I add in dividends and bank interest. So I am not too worried.
stevo
"profits spent!"...now that's what I like to see!
ReplyDeleteASX.G
Good on you for taking new trades in such a reactionary market. Of course, who can know when the next long term trend will commence; maybe next week.
ReplyDeletePeter H