IWM rose by 0.5% this week; my account fell 1.1%. The loss-floor has fallen to -7.6%.
|End of week allocations:
FNSR: Ouch! This stock dropped 8% on Thursday, with no news other than that some VP sold a small fraction of his holdings. Thankfully I had put only 10% of my money into it, so I lost only 0.8%.
[out]: I have withdrawn 10% of the money from this account, to put food on the table for my family. I need a new job quick!
Next Monday: The robot has issued a “sell” order for FNSR.
Double-TRIX trading model
Tweak: previously, this model would buy at the opening price and would refuse to place an order if the preceding closing price was greater than SMA(q). Now it places a limit order for the SMA(q) price, which means the purchase might fail to go through (another limit-buy could be placed for the following day if conditions are still copacetic). This is a huge improvement in situations (such as the one YHOO was in last month) where the stock keeps rising and stays above SMA(q) for weeks on end, so I would never buy it. Now the robot will buy as soon as price momentarily pierces the average on its low for a day, even if its closes are never below average. Still, this wouldn’t have helped with YHOO, which didn’t even touch its average for a month.I have added a new ticker for this model. Parameters:
The model-data shown below include the effect of the new tweak, even though I didn’t install the tweak until Wednesday so earlier trades aren’t actually “wrong”.
To deal with the new buy-limit orders, the table below shows the “Model buy-date” without a time unless the limit is above the opening price, in which case the buy-time should have been 09:30 (if the limit is below the open but above the low, the purchase happened “sometime” that day). The “Model sell-date” continues to show the time as 09:30 because those are market-price orders and always go through at the open.
To make the “Acct Profit” figures more accurate, I now adjust the Model profit based on the size of the position (the model assumes that the position size is always 10%, but sometimes I buy more or less to get an even multiple of 100 shares for non-ETF tickers).
|Buy date||Buy price||Sell date||Sell price||Acct Profit|
|URTY||OC 17 13:00||OC 17 13:30||$75.24||$75.00||(Not yet)|
|FNSR||OC 22||OC 21 09:30||$26.10||$26.06||(Not yet)|
|YHOO||OC 23||OC 21 09:30||$33.57||$33.65||OC 25 09:30||OC 24 16:41||$32.40||$33.03||-0.48%||-0.26%|
|UWM||OC 23||OC 24 09:30||$78.25||$78.07||(Not yet)|
|FRED||OC 18||OC 24 09:30||$16.11||$16.59||(Not yet)|
|AGQ||OC 25 09:30||$21.10||$21.07||(Not yet)|
FNSR: New model says I should have bought later (price was below SMA(q) at Friday’s close, but stayed above it all day Monday). Buy-price about the same either way.
YHOO: Stayed above SMA(q) all day Monday and
again on Tuesday, so should have bought on Wednesday for a slightly-better
On Thursday, the robot had a problem because it didn’t have historical data for FRED. So I fixed that and reran the daily update — which created duplicate OC 24 price-records for all tickers! This caused the robot to say that I should have sold YHOO that morning, so I sold it after hours. Later I removed the duplicate records and determined that the sale was supposed to be Friday morning — got a better price, anyway.
FRED: I characterized this model quite some time ago, but was waiting for a “Sell” signal before enabling it for trading. Well, the Sell came and went and I didn’t notice! So this purchase was late.AGQ: Normal trade using new tweaked system. Now sure why I got a better price than the official open.
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