Trade Review - April 2019

I kind of took a little break in April. I wrote an @ES trading strategy using thinkscript and I made a tutorial for how to get started with it here, and because of how good the results have been I added futures support to my algo trading app.

It’s been interesting to say the least. A few winners and a few losers. I’m impressed with the results in thinkorswim so I’ve been paper trading it and making sure the trades line up between them. I’ve let my other stock algos trade but they seem pretty inconsistent, and I think it might be impossible to trade flags due to how often they dump. I decided to reverse the flag strategy to short and I’ll have to see how well that does.

I feel like at this point I should just trade @ES futures (or the micro contract when it comes out this month) because of how terrible stocks are. You can’t know if a particular setup will work on the next “hot” stock that pops up. At least with my @ES strategy it’s been somewhat consistent compared to stocks.

Besides algos, I’ve been slowly building a position in $SDIV since it pays a nice monthly dividend and I’m not doing too much with my IB account. I have 75 shares at the moment and want to get more and hold for a while.

I think I will stop posting algo trade recaps since they’re only useful if I want to go back and see what it traded. If I start live algo trading again then I’ll definitely log them with screenshots and video logs. All trades are logged into a database anyway so I can see what happened.

That’s pretty much it. Still working on algos, but focused more on futures.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.