Normal
Actually the first trade was placed on 15 Jul. The thread started in May and Tech/a wisely adopted a "no position as a position" stance for the first 2 months or so.For reference, XJOAI on 21 May was 42073, on 15 Jul was 40621, today it was 44924. So market is up 6.8% since 21 May and 10.6% since 15 Jul.The buy and hold equity curve (assuming all positions held until now, without considering dividends)... note that you wouldn't have been able to hold all these positions at the same time. So the actual buy and hold performance would be much lower, but probably still >$10k in profit which would have outperformed the market.[ATTACH]55219[/ATTACH]To me the main issue with the poor performance so far is that stops were too close. The stats so far showed avg win $833, avg loss -$297 and win% of 30%. So imo the avg win/avg loss is respectable, but the win% is on the low side.Risk = probability of occurance x consequence of occurance. With a tight stop, the "consequence" is kept small, but the "probability" of occurance is significantly increased. It would be an interesting exercise to look at how stops compared to the volatility (say in ATR terms) of the stocks traded.
Actually the first trade was placed on 15 Jul. The thread started in May and Tech/a wisely adopted a "no position as a position" stance for the first 2 months or so.
For reference, XJOAI on 21 May was 42073, on 15 Jul was 40621, today it was 44924. So market is up 6.8% since 21 May and 10.6% since 15 Jul.
The buy and hold equity curve (assuming all positions held until now, without considering dividends)... note that you wouldn't have been able to hold all these positions at the same time. So the actual buy and hold performance would be much lower, but probably still >$10k in profit which would have outperformed the market.
[ATTACH]55219[/ATTACH]
To me the main issue with the poor performance so far is that stops were too close. The stats so far showed avg win $833, avg loss -$297 and win% of 30%. So imo the avg win/avg loss is respectable, but the win% is on the low side.
Risk = probability of occurance x consequence of occurance. With a tight stop, the "consequence" is kept small, but the "probability" of occurance is significantly increased. It would be an interesting exercise to look at how stops compared to the volatility (say in ATR terms) of the stocks traded.
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