Discovered an extremely simply but promising Trade Idea looking at TQQQ. Currently working on a visual back test as time allows and looking for collaboration. Also putting together some automation in TradeStation. I've broken down October by the P/L and trade count (below), and have just the trade count going back to 1/1/2021 (will add later). Bad with math.
For October:
- 127.20-123.15 - 4.05: loss 405
118.36-122.11 + 3.75: win 375
121.75-124.61 + 2.86: win 286
- 125.10-120.72 - 4.38: loss 438
- 131.21-129.8 - 1.41: loss 141
127.62-128.62 + 1 : win 100
125.63-128.79 + 3.16: win 316
122.99-123.84 + .85 : win 85
- 126.25-124.98 - 1.27: loss 127
130.73-133.04 + 2.31: win 231
134.17-135.29 + 1.12: win 112
135.73-139.55 + 3.82: win 382
win -2,381
loss-1,111
NET PROFIT- 1,270
Have yet to optimize. No stops or targets.
For October:
- 127.20-123.15 - 4.05: loss 405
118.36-122.11 + 3.75: win 375
121.75-124.61 + 2.86: win 286
- 125.10-120.72 - 4.38: loss 438
- 131.21-129.8 - 1.41: loss 141
127.62-128.62 + 1 : win 100
125.63-128.79 + 3.16: win 316
122.99-123.84 + .85 : win 85
- 126.25-124.98 - 1.27: loss 127
130.73-133.04 + 2.31: win 231
134.17-135.29 + 1.12: win 112
135.73-139.55 + 3.82: win 382
win -2,381
loss-1,111
NET PROFIT- 1,270
Have yet to optimize. No stops or targets.
Note
"The market can stay irrational longer than you can remain solvent"Perhaps... Also toying with managing positioning and trade size in such a way as to incorporate rolling losses into the next trade. Maybe on a weekly time-frame. Think of playing Black Jack, betting the minimum. Each loss you double your position until you win, then drop back down to the minimum.
Note
janWinning Trades: 10
Loosing Trades: 9
Total: 19
feb
Winning Trades: 8
Loosing Trades: 10
Even Trades: 1
Total: 19
mar
Winning Trades: 18
Loosing Trades: 5
Total: 23
apr
Winning Trades: 10
Loosing Trades: 11
Total: 21
may
Winning Trades: 14
Loosing Trades: 5
Even Trades: 1
Total: 20
june
Winning Trades:15
Loosing Trades: 6
Even Trades: 1
Total: 22
july
Winning Trades: 15
Loosing Trades: 6
Total: 21
aug
Winning Trades: 16
Loosing Trades: 7
Total: 22
sept
Winning Trades: 13
Loosing Trades: 8
Total: 21
oct
Winning Trades: 5
Loosing Trades: 4
Total: 9
Longest Draw-down:6
Longest Win Streak:9
Trade closed manually
Switching to SQ's
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.