SPY fell 3.5% this week, while my account rose 1.8%.
|│||Max % loss||│||Results|
IAU: Bought because ZeroHedge recommends it. They say to hold it for about two weeks. Toby Connor also recommends gold (hold until it goes stratospheric), but he’s been wrong a lot recently, so I’ll stick to my usual 5½% trailing stop. If I get only a 38% retrace of the recent drop, that would be a 2.5% profit.
Several times now I have missed trades because I have other things to do in life besides check the market every hour on the hour. If I can manage to make some money next month, perhaps I should look into a way to automate the trades coming from my model, since it seems to be doing a better job than I am! Unfortunately, Schwab doesn’t seem to support automated trading. I found a news article suggesting that they sold their automatic-trading system to UBS. It is difficult for me to leave Schwab because I have an IRA retirement account with them and am no longer a US resident.
MACD-based swing trades
|Buy date||Buy price||Sell date||Sell price||Profit|
|TZA#2a||DE 07 11:00||NO 30 09:30||$28.31||$29.97||DE 16 11:00||DE 16 11:10||$28.39||$28.58||+0.0%||‒4.9%|
|TNA#0||DE 09 14:00||skipped||$45.62||DE 12 12:00||skipped||$42.71||‒6.6%||+0.0%|
|TNA||DE 15 14:00||DE 15 16:50||$40.90||$41.00||not yet||not yet|
TZA#2a: Bought way too early; sold on time.
TNA#0: Skipped this trade and avoided a significant loss. Maybe my model should avoid buying TNA when PPO-signal is positive. That wouldn’t help overall returns much, but it would avoid a bunch of loser trades. I don’t need any more aggravation!
TNA: Normal swing trade in progress. Bought in the aftermarket because I was in a business meeting at 2pm, but ended up getting roughly the same price anyway.