I started out in trading early 2005 through managed funds.
November 2005 started in stocks through fundamental analysis.
After the 2006 May correction I learnt to use stops!
A few months afterwards I read Michael Covel's book and it was a real eye opener for me into what can be achieved through mechanical systems trading.
In 2009 I started looking seriously at short term automated trading through AmiBroker/IB as this would allow for all the benefits of short term trading (smoother equity curve, faster recovery from drawdowns, etc) without the associated screen time.
4 comments:
It looks like you're still holding CEY which is down 41%. How come you didn't get stopped out of it?
Good to see an update.
Are you still trading this system?
Is the drawdown within backtested parameters?
Hi,
Yes I'm still trading the system.
Drawdown is not within backtested parameters but neither is the market.
As in, the current market conditions are nothing like the backtested period of 1998-2007.
I have made a decision to keep trading the system as I believe the markets will recover as seen in the long term 100 year chart.
The drawdown as of end of October is 37.10%
Nizar.
Sorry didn't see the comment about CEY until now.
CEY was stopped out on 24/3/2008 for a 6.8% loss. You can see it on the closed trades spreadsheet.
Also, I wrote this post about it as I wasn't too impressed by being stopped out:
http://thetrendfollower.blogspot.com/2008/05/one-that-got-away.html
Nizar.
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