Short Term Trading Week Starting: 18 Jan

Originally posted by peejayhercules: ↑

Sorry mate, i posted this on the 5 Grander, but this is a more appropriate place ...

What I'd really like to see is something larger than a "five grander".

I'd like to see a "fifty grander" ... a virtual one so as not to disadvantage those who don't have a portfolio that large.

Each person runs their own spreadsheet. An honor system. We could set up a template spreadsheet firstly to help out those who aren't too good at Excel, but also so there is some consistency in how trading is reported. No need for CC or Ammie to get involved. They have enough to do already. Each person must call a "buy" or a "sell" on the same day they do it. None of this coming back after two weeks and saying I've made a bag. I think there's enough eagle eyes on the STT to call someone out.

What's missing on the STT is "how do you go about your trading"?

Do you pyramid your way into and out of a position?
If something rises 50% what percentage of your holding do you sell?
How many stocks do you hold?
Do you just focus on one sector, or spread the risk across multiple sectors?
Do you just hold speckys or do you hold "real companies" as well?
Do you hold high conviction stocks, medium conviction stocks and maybe pilot buys?
No stock can hold more than 50% of your portfolio.
How do you select a stock ... are you doing research ... if so how much, how many hours do you put in.
Are you doing scans ... if so, what settings do you use. How often do you do scans?
Do you eyeball lots of charts?
Do you get information from the Twits?
Do you check with the Mystical One before you buy a bit of fluff? (god help you)
Do you use Broker Data?
Do you take note of comments or tips on the HC Forums ... or from the STT?
What trading rules do you have?
Do you buy at market price, or do you set your buy price a couple of rungs down the ladder and just wait for a seller to come to you?
Do you accumulate your position, or do you just go bang?
Do you sit glued to the computer screen all day? Do you rely on message alerts? Do you have a full time job and you can only look at lunchtime?

etc etc etc the list is endless. When someone comes on the STT out of nowhere and says "look at me I've just made a bag", I'm always thinking yeah but when you stuffed up like we all do, did you cut your losses short?

Two prizes? Firstly the biggest portfolio, secondly the best managed portfolio (very subjective ... voted on by the STT faithful)
Maybe it's just a 3 month competition, and not 12 months as the interest would wane otherwise. Also 3 months makes it more in synch with the whole notion of Short Term Trading.

Any interest?

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Hi @peejayhercules your suggestion is very timely - I have been absent from posting for quite some time for several reasons (I've heavily focused on FX Algo systems trading for a few years but now that I have a good portfolio of FX strategies I decided recently to translate some of those strategies to Equities trading). I was thinking it would be good to start contributing to HC again and so thought I would post a diary of my trading of one or more of my Equities trading strategies. They are all short term (1 to 13 weeks) so I thought the STT might be a suitable forum, but I recall the 5 grander was seen as a bit separate so wasn't sure if it was approriate here, but if your suggestion is something people are interested in then I might post it here. As it happens I am starting each equities strategy with $50K of funding so it fits with your suggestion. I will be happy to share some detail of my process, etc, as I thought it would only be a useful contribution if people could learn something from it. The trades would all be live trades, not demo, and my strategies are all, for the time being, focused on the ASX300 - plenty of money to be made in this space with good strategies imo.

If the above sounds of interest, then I will start posting something later.

Cheers, Sharks