Steve2 Elite    Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD  User Profile | Yesterday marked the end of my first year of live trading. The overall return for the year was 15.07%. Not all that impressive when compared to the major indexes but I'm pretty satisfied. I spent the first 10 months manually submitting orders and keeping detailed stats on slippage while trying various opening order types (market before open, market on open, and day limit order at the previous trading day's close). Since I was trading manually, I configured a portfolio with a TPM average of 60 which proved to be quite manageable on a day-to-day basis. Using IB and trading liquid stocks (avg daily volume greater than 1M shares), I had no issues with slippage. Slippage was slightly positive for MOO and market before open orders. Slippage for the day limit orders was significantly positive but resulted in a number of trades that were not filled. The overall negative impact of the no fills out weighted the positive slippage but the test period was only two months so I don't view this as conclusive. It would be nice if Nirvana could provide this as an order option in the simulation so a proper evaluation could be done. Overall, I traded 507,800 shares so I'm sure my broker was happy. At the beginning of January, I switched over to automated trading using TP. This allowed me to use a much higher leveraged portfolio that generates about 120 trades per month. Sadly though, I started this right at the beginning of the January drawdown which had a significant impact on returns (which I'm still recovering from). TP performance since I switched over has been flawless. As I start my second year, I'm ready to migrate to V2 and looking forward to bigger returns. Thanks Nirvana! It's been a fun ride so far. Steve [Edited by Steve2 on 3/7/2014 10:08 AM] | |
