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Last Activity 7/22/2015 1:06 PM 5 replies, 1125 viewings |
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Steve2![]() Elite ![]() ![]() ![]() ![]() ![]() Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD ![]() |
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] | ||
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Diamondjag![]() Veteran ![]() Posts: 123 Joined: 10/11/2012 Location: Brighton, Co. ![]() |
Thanks for this update. I wonder if your return figure also included commissions? I started faithfully trading at the end of June last year, also by hand with IB. By the end of Sept. I was down about 3.5%. I revamped my strategies and ended the year up 4.95%. This is including commissions. It was a roller coaster. On a $50,000 account, up $5,000 back to no gain. Up $7,000, back to no gain. Still have great hope for OV. I like the ease of trading and the lack of decision making stress. I'm planning to jump into V2 with both feet today and see what improvements I can make on my strategy. Dave [Edited by Diamondjag on 3/9/2014 12:25 PM] | ||
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Steve2![]() Elite ![]() ![]() ![]() ![]() ![]() Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD ![]() |
Yes, the return includes the impact of commissions, margin interest, and dividends. | ||
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Ralph F![]() New User Posts: 2 Joined: 3/2/2014 Location: Myersville, MD ![]() |
Thanks for sharing. I am relatively new to OV some I have little to add but it is nice to know how others are faring. | ||
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Ed Downs![]() Elite ![]() ![]() ![]() Posts: 645 Joined: 2/7/2007 Location: Austin, Texas ![]() |
It's true - the market was up a lot, but of course, nobody knew that was going to happen in advance. My return was similar to yours, though some users were up in the 30% zone. I'd like to say something about how last year's market gave rise to the new enhancements that were just added to the platform in V2, and are being added now. We had some periods of fairly long trends last year - up and down - more than 14 days each. Reversion to Mean Strategies (which is what all the "R" strategies are), work best in choppy markets that move up and down to provide reversion opportunities. In strong trends, Reversion Strategies will buy in downtrends and sell in an uptrends. I know everyone saw this happening, as did I. This is why we added Market Filters, new types of Strategies to V2, and now are adding Dynamic Lists. However, since the Strategies are so different (Darvas, iTLB, and so on) configuring portfolios will take a little more thought. This is why the current survey has so many requests for automation. We will continue to work the problem to provide the most robust fund management solution possible. This year, I expect that users who use the product to its fullest potential with the new features and the ones we are now adding will do well. ----- DiamondJag - the new Strategies should work much better on a small account ($5,000) because they stay in trade longer. I like the Intrinsic Trend and iTLB Strategies for this purpose. | ||
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Diamondjag![]() Veteran ![]() Posts: 123 Joined: 10/11/2012 Location: Brighton, Co. ![]() |
Ed, thanks for the thoughts. One correcton to my earlier post...that account was $50,000, I missed a zero. The gains were correct, $5,000 then $7,000. I will be working today on the new V2 stategies and lists. Looking forward to blending those into what I have already. Will use my current portfolio as a benchmark. I'm excited about the new V2 changes and their possibilities. |
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