IWM fell by 2.2% this week, while my account fell 2.4%. The loss-floor has risen to -4.7%. The year is only one month old and already the broad market is 1.1% ahead of my account.
US markets were closed on Monday for Dr. Martin Luther King, Jr.’s birthday.
Business news: On Thursday, China announced that their economy has gone into contraction. World markets tanked and the rout continued on Friday. There will probably be a bounce early next week, but after that it depends on whether the authorities go on a printing spree to try to prop up the market.
End of week allocations: Net 13% equities, 20% silver, 47% cash (Note: UWM = 2×, while SRTY = -3×) |
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Something is going wrong with my spreadsheet. According to my records, the trades so far in 2014 have lost 2.4% of my money, but Schwab says my balance is down 2.6%. Also, the sum of my allocations adds up to 100.10% of my account balance. These problems need further study.
Stock-trading robot
| Ticker Symbol | Buy date | Buy price | Sell date | Sell price | Acct Profit | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Model | Actual | M | A | Model | Actual | M | A | M | A | ||||||
| FRED | OC 18 | OC 24 09:30 | $16.11 | $16.59 | (Not yet) | ||||||||||
| FNSR | DE 05 | DE 05 09:40 | $20.54 | JA 22 09:30 | $23.75 | +1.28% | +1.26% | ||||||||
| ATML | DE 18 | DE 18 09:30 | $7.32 | (Not yet) | |||||||||||
| AGQ | JA 13 | JA 13 09:30 | $66.68 | (Not yet) | |||||||||||
| URTY | JA 16 14:00 | JA 16 13:00 | $90.35 | $90.21 | JA 24 11:00 | $85.82 | $85.66 | -0.53% | -0.54% | ||||||
| UWM | JA 21 | JA 21 11:09 | $86.22 | (Not yet) | |||||||||||
| YHOO | JA 23 | JA 23 09:30 | $39.31 | JA 24 09:30 | $38.67 | -0.16% | -0.17% | ||||||||
| SRTY | JA 24 13:00 | $44.47 | $44.50 | (Not yet) | |||||||||||
FNSR: Great trade! This stock rose 16% during the seven weeks I held it — and has dropped 5% since I sold it. Model profit is very slightly off because this trade was on the small side in order to buy an even number of 100-share lots.
AGQ: On Friday morning, AGQ had a 1:4 reverse split, so I have multiplied my effective purchase price by 4. The reverse split also had the effect of cancelling my standing stop-order, which I only noticed because silver was getting close to my stop-out price so I wanted to check whether the stop order had already triggered — but it had been cancelled instead! Restored the stop manually at the new 4× price.
URTY: In this case, the rule “don’t buy or sell bullish tickers at 10am” was unhelpful — loss would have been only 0.17% if sold at 10am.
UWM: Opening price was $86.48, but I got it for less by waiting almost two hours for my limit-price to be reached. There is very little room left until my stop-price is reached, so the market had better bounce soon!
YHOO: Got “buy” signal after Wednesday’s close, so bought at Thursday’s open — for much less than my limit price! That sudden drop gave me a ”sell” signal after Thursday’s close, so sold at Friday’s open. Once again, slight deviation in model profit due to undersized round-lot trade.
SRTY: Once again, the rule “do not buy until short-term MACD stops falling” meant that I did not buy until the day’s drop was mostly over. This trade will do badly if there is a quick bounce next Monday.
TZA: In order for me to buy this, the market will need to bounce and then fall again, in order to work off the short-term spike in the STDDEV indicator.
SCHH: Still no trades ever on this ticker. SCHH is supposed to be equivalent to VNQ, but SCHH had a spike at the open on DE 27 which VNQ did not have. This spike is continuing to elevate my “chandelier exit” stop-price above the current price, so no trade is possible until either price exceeds its 210-day moving average (causing a switch to the ”bullish” chandelier) or next Wednesday, when the spike will no longer be included in the calculations. Anyway, real estate has joined the rest of the market in its end-of-week downturn so no buy regardless until things turn back up.
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