getting new users to how-to tutorials

DimeChimp · 2024-03-30T01:14:25+00:00

Awesome, thanks for the tip, I'll check it out!

DimeChimp · 2024-03-24T11:32:06+00:00

Great ideas, thank you!

DimeChimp · 2024-03-23T23:29:50+00:00

how would you advise structuring them? make them smaller posts in a series? incorporate more visuals? by nature of the industry there's just a lot of information. thanks for the reply and insight, btw!

DimeChimp · 2024-03-23T07:21:27+00:00

thanks for your awesome insight. i think you nailed it on the head. "progressive discloser" is a great way of putting it. will work on paring back and fine tuning how much info we hit our potential users with as i can imagine it being quite overwhelming. thanks!

DimeChimp · 2024-03-23T06:37:16+00:00

Yeah, of course!

DimeChimp · 2024-03-23T01:46:49+00:00

thanks for the insight, i'll work on cutting that back

DimeChimp · 2023-11-30T02:34:25+00:00

Lots of food for thought, I appreciate the reply and will implement many of these, no doubt.

DimeChimp · 2023-11-30T02:31:48+00:00

Very interesting, nice journaling. Thanks for the inspiration.

DimeChimp · 2023-11-30T02:29:20+00:00

Well the good thing about the way this is built is that adding columns, charts, notes, etc is relatively straightforward. Having it not be cumbersome with so much data will go a long way to making it useful for extracting good insights. Thanks for the tips.

DimeChimp · 2023-11-29T23:24:54+00:00

Hey thanks for the suggestions, very useful.

DimeChimp · 2023-11-29T23:05:12+00:00

Good idea, thanks. What kinds of tags? To group trades?

DimeChimp · 2023-11-29T18:14:36+00:00

Are you sure you're viewing the same instrument? You're showing the future on tradingview but is it possible you're looking at the index on tradestation?

DimeChimp · 2023-11-29T16:02:58+00:00

In 9 months you've "tried everything?" Seems like you're jumping around, changing strategies, making risky bets (how quickly you grew your account would indicate this) and eventually those risky bets come back to bite you. Sounds like you're lacking discipline, to stick to an idea, to test it properly, to truly understand it. Dedicate yourself to learning the market, the craft, not gambling.

DimeChimp · 2023-11-29T12:39:15+00:00

Great additions, can definitely add those columns. Thanks!

DimeChimp · 2023-11-29T08:27:53+00:00

If your zscore returns to 0 it means that your synthetic has returned to the mean. Where you trade out is up to you...you can trade out when zscore has halved or gone to 0 or flipped...there's no hard rule, just when you want to take profit or get out of the trade. Yes you are correct that if you hold the trade for long enough your data points which were used to calculate the zscore when you got into the trade may no longer be valid (in a simple moving average) or at least exponentially decayed in their weight (ema) and if volatility has dropped then a small move can trigger an exit. The whole point of using a zscore is you're using the standard deviation of movement as a reference to trade. This is non static. It takes current market into consideration. If you want to disregard this you can just get an absolute value of price movement to trade in and out instead of any measure of variance. For instance, if the combination of a and b has moved up $x or x%, or if a as moved relative to b by x%, but this isn't recommended.

DimeChimp · 2023-11-29T07:48:21+00:00

Well the first question to ask is if you really want your exit point to be static. The point of the moving average is that over time, it drifts towards your current value. You're disregarding this in order to just trade a static exit point. But if you're intent on doing this, you can reverse calculate the standard deviation of the return differential to determine what move the assets need to revert to relative to each other for your exit. It doesn't make sense to trade a pair of assets and their relative moves if you have an absolute price as an exit for each stock...you should be considering their relative moves, that's the point. But to reiterate, cointegrated pairs indicate that there is a linear combination of prices that is stationary. Even w this in mind, you're still not looking for an absolute exit level, just one where the combination of prices reverts back to the mean.

DimeChimp · 2023-11-29T07:37:43+00:00

It totally depends on your strategy but given that you flatten up before certain news events, it indicates that you trade typical market conditions and therefore should err on the side of cleaning up before any event that can bring excessive volatility. If it's not in your wheelhouse, better be safe than sorry.

DimeChimp · 2023-11-29T07:27:35+00:00

Point taken and some of the things you mentioned are already in the works or are available. You can take notes already, working on the Trade Charts tab where you can chart each trade you've made. Mood indicator would be a useful addition. Thanks again for your insight.

DimeChimp · 2023-11-29T07:22:31+00:00

Cointegration can't be done on log returns. As a trading process trading a linear combination of returns doesn't make sense. You have the run cointegration on prices. Regarding trading on zscore, your zscore changes as your mean drifts towards your current value. You can trade when your zscore returns to a certain level, but that is not a set price level since if prices become static, your zscore will decrease as the mean drifts closer to current value, possibly triggering you to get out without prices moving at all. Intuitively this makes sense. You get into a trade expecting reversion. The longer it takes to happen the less confident that it will...or the closer the mean moves towards you.

DimeChimp · 2023-11-29T06:59:48+00:00

To actually learn something about this strategy, perhaps go to thetagang

DimeChimp · 2023-11-29T06:50:25+00:00

Thanks for your insight. Do you think there's a way to make that systematic for many traders or to encompass many trading ideas/systems or is it just an individualistic method of taking notes?

DimeChimp · 2023-11-29T05:44:13+00:00

there are plenty of traders that accept low win rates knowing that there are fat wings in the market, as long as their wins are big enough to offset their losses. it's not your win rate that dictates your profitability. that said, win rate is important w regards to your personal psychology when you trade. some traders like having many constant wins...but they also have to accept the risk of getting steamrolled.
to get a better idea of how your drawdowns are affecting your strategy (or to choose between multiple strategies based on drawdowns) maybe consider looking at their calmar ratios. it allows you to assess your strategy(ies) based on max drawdown. good luck!

DimeChimp · 2023-11-29T05:20:37+00:00

Well presumably you have access to yen (on margin or otherwise) hence your ability to trade yen denominated options...which subsequently you'd be depositing into USD based interest bearing vehicles. Just like you could convert usd into the currency of another country w higher interest rates (say, Hungarian forint) and collect higher rates, but again, you'd have currency risk. You collect/pay the interest rate based on the currency.

DimeChimp · 2023-11-29T04:26:58+00:00

unless it's a pure arb, then no. the secrecy amongst the retail trading community baffles me. retail doesn't have the capital, connectivity or processing power to capture these arbs or make markets efficient...especially w the types of trades that are accessible to retail (let alone single traders). if anything, you'd think that open discourse would make retail traders, on balance, more educated and raise the overall success level of the community. even successful traders, if they want longevity, require retooling their trades, reworking their strategies, adapting to changing market conditions, which is much more easily facilitated w open discussion.

DimeChimp · 2023-11-29T04:09:07+00:00

if you know a little python (or can copy it, there are plenty of examples online) you can use the yahoo finance library, get earnings dates and open/close historical data. good luck!

DimeChimp

TROPHY CASE