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July 1st, 2007 by eyal | Filed under Day Trading. |
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Going through my Stocktickr reports again and thought I’d share the performance todate for the first half of 2007 in the form of the R equity curve. This graph was generated by Stocktickr. I’ll also post some stuff soon on how I’ve been using the reports and tagging of my trades.
That looks like a great looking curve to me, especially with a win ratio of around 40%. If you are risking 1% of your capital, can we assume already a triple digit percentage gain?
I’ve tried day trading with the Dummy entries but had terrible results unfortunately. Maybe I am screening the wrong stocks.
Nonetheless - that looks awesome!
I’ve just posted an update of my equity line on my blog. When it grows up, it wants to look like the chart above! Keep up the good work … always keeping an eye on the Eyal !
EC - I tend to risk less than 1% per trade, it’s a matter of what $ amount you’re personally comfortable with. It takes time to fine-tune the dummy style, think of it as more of a framework than a complete system. Trade very small till u get there..
Caravaggio - thanks man. I saw your graph the earlier, a couple of major differences is that yours is after living expenses (mine’s before), and nominally it’s in UKP so not too shabby as they say ;-)
eyal… excellent results especially 1/2 through the year, congrats. I too would like to know what screener and parameters you use for your watchlist and what program you use. We oftentimes trade the same stock.
Beautiful graph, your Boss should start worrying! ;-)
oonr7 - thanks. I use the QCharts and TWS built-in scanners so nothing fancy really, looking for the day’s movers like most traders using unusual volume, gainers/losers, pre-market action etc. I noticed we do trade some of the same movers of the day, do you use TI or something else?
Carlton - :-) yeah I’m getting really itchy to pulling the trigger on that. Should be quite soon..
eyal… I use prophet.net and scan for gappers over yesterday’s close along with the day’s big % movers as well. I sometimes use TWS’s scanners… is there a particular setting you use for unusual volume?
The unusual volume thing is something I look at for gappers on QCharts - it’s a field in the Quotesheets so it’s also easy to sort based on that. It’s particularily useful for the Unfilled Gap Hotlist.
Nice. Just simply nice.
Thanks, LP.
It is really a great performance. Do you mind share the following information?
1. Total trades.
2. Expectancy.
3. Average Win
4. Average Loss
Thanks, Eyal.
As a former Maoxian groupie I have to admit your results are impressive.
Congratulations.
WL - thanks. The following stats are approximate as there were a few missing trades due to a gap between data entered using the plugin when it became available and the imported trades from before the plugin.
1. 344
2. 0.36
3. + 4. I don’t divulge $ amounts. To get this in R I’ll need to tweak some stuff in Excel, I might do that at some point later on. This weekend I’m away traveling.
Frank - thanks man. Why former? Don’t tell me you have a new Guru? ;-)
Thanks eyal.
I am a new Mao Xian fan, but the low win ratio scares me. I tried out the dummy system real time and real money with a draw down of about 5-6 R - I am waiting for my swing trades to bring me back to even before going at it again; since my investment lots are having a big consolidation.
I am a doc and my goal is to be able to offer my services at a cost-recovery basis - but to do that I have to get darn good at trading. We’ll see!
Any other sites that provide good information on increasing win ratios would be great!
Hi E, sorry can’t help with increasing win rate.. Check out the blogroll on the right for more reading material - going to the original source on dummy trades is the best ;-) The only advice I can tell you is to trade very small until you get it. Drawdowns of 5-6R are not uncommon with this win rate. As a matter of fact, on the really bad days I can lose 4-5R in that single day. Yes, it’s not very pleasant and hits the confidence level but that’s how it is, at least for me.