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| OEX
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| End of Month Review for January |
| Tuesday, January 31, 2006
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The Fed raised rates today one last time as Greenspan says farewell.
To conclude trading in January we completed 32 S&P emini trades for a gain of +21.25 points. The release of housing numbers last Friday caused a sudden surge in the market, triggering buy programs which were immediately followed by sell programs. Our system got whipsawed that day, causing us to give back a third of the months gains. However, we still ended strong. We aren’t aware of any other systems that closed January with over 20 S&P points.
If any readers are interested in automating our S&P emini trades using TradeStation software please send us an email for details.
Did you know that TradeStation recently announced that they are waiving their software fees if you trade 10 round-turn emini contracts with them per month? That is the full-blown $200 per month software package they are giving away. They also announced sub-$5 per round-turn commissions on eminis. From what we can tell the price is the same as those charged by IB (Interactive Brokers).
Strategy automation is one of the simplest tasks to perform. In TradeStation you right-click on a 5 minute chart and select the proper strategy to import and bingo, it embeds itself onto the chart and immediately shows you actual trades on the charts. There use to be a common assumption that using TradeStation software was difficult. Those days are gone. They are one of the simplest to use, if not the simplest, trading software packages available. We have no connection with TradeStation but love their software as the capabilities are endless.
Happy Trading |
| posted by OEX
: 5:38 PM |
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| Net +3.50 points |
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| posted by OEX
: 3:17 PM |
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| Net +2.00 points |
| Monday, January 30, 2006
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| posted by OEX
: 8:51 PM |
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| Net -11 points |
| Friday, January 27, 2006
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| posted by OEX
: 4:20 PM |
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| Net +0.75 points |
| Thursday, January 26, 2006
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| posted by OEX
: 3:15 PM |
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| Net +6.25 points |
| Wednesday, January 25, 2006
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 |
| posted by OEX
: 4:07 PM |
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| Net +6.75 points |
| Tuesday, January 24, 2006
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| posted by OEX
: 3:11 PM |
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| Net -1.25 points |
| Monday, January 23, 2006
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| posted by OEX
: 3:15 PM |
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| Breakeven |
| Friday, January 20, 2006
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| posted by OEX
: 3:24 PM |
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| Net +2.00 points |
| Thursday, January 19, 2006
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| posted by OEX
: 3:20 PM |
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| Mid month performance for January |
| Friday, January 13, 2006
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Ahead of the extended holiday weekend the market traded lower but it is apparent this market is headed higher in the weeks to come. There is a tremendous amount of money flowing into the market which will need to go to work in the form of stock purchases.
So far in January we have completed 15 S&P emini trades for a gain of 15.75 points. In fact, the only losing day was on our first day back from New Years. So we are in an 8-day winning streak. Hopefully this comment does not come back & bite us.
Very soon the release of automated S&P trading will become available to members. The same alerts broadcast throughout the day using Yahoo! messenger but in a coded strategy version where you are in 100% auto-pilot mode.
Consistency is probably the number one characteristic any trader looks for when trading mechanical systems. Sadly most trading systems fail to control drawdowns. If you can achieve positive results measured in 6-month increments with minimal drawdowns you better hold onto it. But again, those are few and far. If they exist most are not publicly available. The message here is clear, do not expect or insist on gains every month without exception. This does not exist in the real world. In December we were flat (+1.75) in the S&P emini. Compared to the prior 4 months one would think something was wrong with the system. Good trading systems will go through short periods of flat results or even losses. However, as previously mentioned, those systems are able to keep drawdowns in check and post stellar gains when the market cooperates. In conclusion, we are already up 15 points with half a month of trading to go. No changes were made. This is how system trading works. You must stick with them or else you are at a loss chasing one to the next without results. Do yourself a favor, come in and join our system and accept these facts of the market and let us show you the next S&P alert.
Happy Trading |
| posted by OEX
: 3:11 PM |
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| December's Performance |
| Wednesday, January 04, 2006
|
As reported in the mid-month missive, December was a slow month. We traded only 23 S&P alerts, nearly half the number usually traded. With Christmas and New Years in the mix, we did take a few days off to be with friends & family. Looking at the results the system would have recorded had we been glued to the computer screens showed a gain of 2.75 points. So, thats a loss of $137.50 per contract by taking a little time off. It's hard to put a price tag on free time. Overall the month of December produced 1.75 points. So a wash once you factor in commissions. Given the run of winning months weve had this fall/winter it is to be expected that a sideways performance month get thrown in.
Weve seen a great deal of volatility over the past few weeks, especially the +20 point S&P rally seen just yesterday. Perhaps this is a sign of whats to come in 2006? Perhaps a head-fake? As day traders we really arent concerned with the overall picture as we play the cards dealt each day one at a time. |
| posted by OEX
: 1:50 PM |
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