Since the start of 2013, I've been incredibly busy developing new systems.
Unfortunately, of the 5 new systems I developed (2 of which I am currently trading live), all are mechanical, rule based systems (nothing discretionary).
Plus, with my work on the horizon (webinars at Big Mike Trading and a couple of other places, in addition to a bunch of my own webinars), I won't be rolling out a discretionary system anytime soon.
BUT, I am still learning a new method. Maybe in a few months, maybe a year (who knows?), I'll be ready to trade it.
So, with that I am going to retire this blog, at least for the time being.
In the meantime, if you want to keep tabs on some of my real time trading, just click here: http://kjtrading-new.autotradenow.com/
If you have liked reading what I have to say, please put your name on my mailing list at www.kjtradingsystems.com. That way, you'll be informed about all the upcoming webinars, etc.
Also, I will be giving away 1 or 2 free systems in the next few months, but you'll only hear about it if you are on my list.
Thanks, and Happy Trading!
Friday, July 5, 2013
Wednesday, January 23, 2013
Where I Am At
I apologize that I haven't been keeping this blog going, but I have been busy with many trading related activities.
A couple of things that may interest you...
1. I will be giving a 30 minute webinar next week on Jan 30: http://tradersexclusive.com/educational_webinars_for_traders/
2. For some reason, a lot of people have been inquiring about my one on one mentoring. I only have 1 or 2 spots left: http://www.kjtradingsystems.com/id124.html
3. I will be presenting in March at Big Mike Trading. I'll be giving away the code to a complete crude oil system (now I just have to develop it!).
But as a full time trader, of course most of my time is spent creating new systems. Here is what I am working on:
1. I completed a Point and Figure based system for the Euro. Completely rule based / mechanical. It went into incubation beginning of January. $2500 profit this month per contract.
2. I just wrapped up development on an intraday ES system. Completely rule based / mechanical. I may offer this one to the public via subscription.
3. My discretionary system is still transforming into a mechanical strategy. It will probably be on the Euro, will be very aggressive in money management, and I may trade it in the World Cup contest. I hope to have this ready soon.
So, I know some of you were hoping for a complete discretionary system from me. As it stands right now, I am not so sure that will happen. It really depends on how #3 above goes.
Thanks!
A couple of things that may interest you...
1. I will be giving a 30 minute webinar next week on Jan 30: http://tradersexclusive.com/educational_webinars_for_traders/
2. For some reason, a lot of people have been inquiring about my one on one mentoring. I only have 1 or 2 spots left: http://www.kjtradingsystems.com/id124.html
3. I will be presenting in March at Big Mike Trading. I'll be giving away the code to a complete crude oil system (now I just have to develop it!).
But as a full time trader, of course most of my time is spent creating new systems. Here is what I am working on:
1. I completed a Point and Figure based system for the Euro. Completely rule based / mechanical. It went into incubation beginning of January. $2500 profit this month per contract.
2. I just wrapped up development on an intraday ES system. Completely rule based / mechanical. I may offer this one to the public via subscription.
3. My discretionary system is still transforming into a mechanical strategy. It will probably be on the Euro, will be very aggressive in money management, and I may trade it in the World Cup contest. I hope to have this ready soon.
So, I know some of you were hoping for a complete discretionary system from me. As it stands right now, I am not so sure that will happen. It really depends on how #3 above goes.
Thanks!
Friday, January 11, 2013
Quick Update
2 weeks into the new year, and I have not gotten very far with my discretionary system. Seems like everytime I work on it, it transforms from a discretionary approach to a mechanical approach.
On the positive side, I have created a couple of new mechanical systems that I have in incubation.
On the negative, a discretionary system is proving to be somewhat elusive.
The work continues, though!
On the positive side, I have created a couple of new mechanical systems that I have in incubation.
On the negative, a discretionary system is proving to be somewhat elusive.
The work continues, though!
Saturday, December 15, 2012
Update - Discretionary System
If you've been following this blog since the beginning, you know that is has changed a bit over time:
The blog started out as a journal of performance for a mechanical system that I was trading in the World Cup Trading competition.
And then my corrupt broker PFG folded in July, taking most of my account with them. And the idea for my blog!
A few months ago, I decided to document my development of a discretionary system - my historical weak point in trading.
Along the way, I tried to provide useful information, such as my 15 part "Trading Process" series. Or my free webinars (here is upcoming one on Monday Dec 17th: "Trading Plan For 2013" on Dec 17, 2012 8:30 PM EST at: https://attendee.gotowebinar.com/register/2901032090057478144)
So, as of mid-December, here is where I stand:
I don't have a discretionary system for 6E (Euro currency) ready to go yet, but I have a couple of pretty good, but separate, ideas in development. With some dedication in early January, I may have something ready to go in late Jan or Feb 2013.
I have a little chunk of money allocated for this new system. I may or may not enter it in the World Cup competition. I may or may not post it on Collective2.com, where a third party tracks some of my other strategies (here is just one: http://www.collective2.com/cgi-perl/system71417784).
My question for you, dear reader, is where do you want this blog to go. Some options:
A. I can continue discussing my discretionary system development, and then actually trade it.
B. I can talk about trading in general.
C. I can talk about any system I enter in a contest, which may also be point A above.
D. I can talk about other systems I currently trade (full disclosure: some of these I also offer for sale, some I do not).
E. None of the above.
I want to keep this blog informative and relevant. I know so far it has been, since it was nominated for Best Trading Blog of 2012 (please vote below).
So, if you get a chance, please leave a comment, and tell me what you'd like to see in this blog. I'm listening!
The blog started out as a journal of performance for a mechanical system that I was trading in the World Cup Trading competition.
And then my corrupt broker PFG folded in July, taking most of my account with them. And the idea for my blog!
A few months ago, I decided to document my development of a discretionary system - my historical weak point in trading.
Along the way, I tried to provide useful information, such as my 15 part "Trading Process" series. Or my free webinars (here is upcoming one on Monday Dec 17th: "Trading Plan For 2013" on Dec 17, 2012 8:30 PM EST at: https://attendee.gotowebinar.com/register/2901032090057478144)
So, as of mid-December, here is where I stand:
I don't have a discretionary system for 6E (Euro currency) ready to go yet, but I have a couple of pretty good, but separate, ideas in development. With some dedication in early January, I may have something ready to go in late Jan or Feb 2013.
I have a little chunk of money allocated for this new system. I may or may not enter it in the World Cup competition. I may or may not post it on Collective2.com, where a third party tracks some of my other strategies (here is just one: http://www.collective2.com/cgi-perl/system71417784).
My question for you, dear reader, is where do you want this blog to go. Some options:
A. I can continue discussing my discretionary system development, and then actually trade it.
B. I can talk about trading in general.
C. I can talk about any system I enter in a contest, which may also be point A above.
D. I can talk about other systems I currently trade (full disclosure: some of these I also offer for sale, some I do not).
E. None of the above.
I want to keep this blog informative and relevant. I know so far it has been, since it was nominated for Best Trading Blog of 2012 (please vote below).
So, if you get a chance, please leave a comment, and tell me what you'd like to see in this blog. I'm listening!
*******************************************************************
I am honored that my blog, "A Robot Trader Becomes Human," has been nominated as "Best Trading Blog of 2012" by the good folks at TraderPlanet.com.
If you like my blog at http://2012tradingcontest.blogspot.com, please vote!
A Robot Trader Becomes Human
Vote here: http://www.traderplanet.com/l/2Kc
Thursday, December 13, 2012
Winner Winner Chicken Dinner!
We have a winner in our Trading Platform Survey. E-mail address ny11***@yahoo.com was the winner of a copy of my Congress ES Trading System. Congratulations to him or her, and thanks to everyone who contributed.
Here are the results, of approximately 150 surveys:
What trading platform do you use?
I was surprised that 7% use no software at all! Pencil and paper folk?
About 55% of platform users described themselves as being at a beginner or intermediate proficiency level, and 45% were advanced or expert.
51% of respondents have not bought any type of indicator or trading system in the past year. A Do-It-Yourself crowd!!
For the 49% who had bought a system/indicator, vendor reputation was far and away the most important criteria.
Not surprisingly, most (>70%) system/indicator buyers thought it was "extremely important" that the package they buy be in their platform language.
Finally, 85% of people were neutral to very satisfied with what they purchased. Only 15% of people were dissatisfied.
THANKS again for participating!
Here are the results, of approximately 150 surveys:
What trading platform do you use?
About 55% of platform users described themselves as being at a beginner or intermediate proficiency level, and 45% were advanced or expert.
51% of respondents have not bought any type of indicator or trading system in the past year. A Do-It-Yourself crowd!!
For the 49% who had bought a system/indicator, vendor reputation was far and away the most important criteria.
Not surprisingly, most (>70%) system/indicator buyers thought it was "extremely important" that the package they buy be in their platform language.
Finally, 85% of people were neutral to very satisfied with what they purchased. Only 15% of people were dissatisfied.
THANKS again for participating!
************************************************************************
I am honored that my blog, "A Robot Trader Becomes Human," has been nominated as "Best Trading Blog of 2012" by the good folks at TraderPlanet.com.
If you like my blog at http://2012tradingcontest.blogspot.com, please vote!
A Robot Trader Becomes Human
Vote here: http://www.traderplanet.com/l/2Kc
Sunday, December 9, 2012
New Survey
I am giving away a free copy of my Congress ES Trading System, valued at $149, to one lucky winner who answers a short 6 question survey.
You can read about my Congress ES Trading System here: http://www.kjtradingsystems.com/congress.html
Of course, I will share results with everyone on this blog.
Please click here to take the survey:
Thanks in advance!
Kevin
Only one entry per e-mail address allowed.
************************************************************************
I am honored that my blog, "A Robot Trader Becomes Human," has been nominated as "Best Trading Blog of 2012" by the good folks at TraderPlanet.com.
If you like my blog at http://2012tradingcontest.blogspot.com, please vote!
A Robot Trader Becomes Human
Vote here: http://www.traderplanet.com/l/2Kc
Friday, December 7, 2012
Survey - Final Results
*********************************************************************
I am honored that this blog, "A Robot Trader Becomes Human," has been nominated as "Best Trading Blog of 2012" by the good folks at TraderPlanet.com.
If you like my blog, please vote!
A Robot Trader Becomes Human
I am honored that this blog, "A Robot Trader Becomes Human," has been nominated as "Best Trading Blog of 2012" by the good folks at TraderPlanet.com.
If you like my blog, please vote!
A Robot Trader Becomes Human
Vote here: http://www.traderplanet.com/l/2Kc
********************************************************************
********************************************************************
********************************************************************
So, what "takeaways" can we glean from this survey? Here are a few:
Pure mechanical traders are more profitable than hybrid traders, who are more profitable than pure discretionary traders.
Traders who backtest their idea for more than 1 year tend to be more profitable than those who do not.
Trading is TOUGH. You are more likely to lose than you are to win.
Thanks to everyone who participated!
Wednesday, December 5, 2012
Survey Results - Mechanical Traders
Taken as a group, people who identify themselves as 100% mechanical traders are more profitable than either pure discretionary or hybrid traders.
Only 27% of pure discretionary traders reported that they were profitable the last 3 years. The number jumps to 43% for hybrid traders, and then jumps again to 55% for mechanical traders.
So, according to this survey, you are twice as likely to be profitable if you are 100% mechanical, as opposed to 100% discretionary.
The other interesting point here is that mechanical traders who backtest for more than 1 year tend to be more profitable. Not surprising to me, but hopefully it is enlightening to those traders out there who feel long backtests are pointless.
Only 27% of pure discretionary traders reported that they were profitable the last 3 years. The number jumps to 43% for hybrid traders, and then jumps again to 55% for mechanical traders.
So, according to this survey, you are twice as likely to be profitable if you are 100% mechanical, as opposed to 100% discretionary.
The other interesting point here is that mechanical traders who backtest for more than 1 year tend to be more profitable. Not surprising to me, but hopefully it is enlightening to those traders out there who feel long backtests are pointless.
Tuesday, December 4, 2012
Survey Results - Hybrid Traders
For people who identified themselves as "hybrid" traders - that is, they use a mix of discretionary and mechanical methods, the survey shows the following:
Most hybrid traders lose
Hybrid traders who backtest for longer periods of time have a higher chance of success
Most hybrid traders lose
Hybrid traders who backtest for longer periods of time have a higher chance of success
Monday, December 3, 2012
Survey Results - Discretionary Traders
Of the people who identified themselves as discretionary traders, most perform backtests less than 1 year duration. Could this be why most are losing money?
*********************************************************************
I am honored that this blog, "A Robot Trader Becomes Human," has been nominated as "Best Trading Blog of 2012" by the good folks at TraderPlanet.com.
If you like my blog, please vote!
A Robot Trader Becomes Human
*********************************************************************
I am honored that this blog, "A Robot Trader Becomes Human," has been nominated as "Best Trading Blog of 2012" by the good folks at TraderPlanet.com.
If you like my blog, please vote!
A Robot Trader Becomes Human
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