Kent

Discretionary Daytrader that plays with Stats | Python, Data, Probability | Small caps | Student of everything

[Kent @IrohKent]

@ShortDaPos @OceanSecMktg Ocean sounds awesome. Is the 50% DAS discount through your link indefinite or only for a few months?

[Kent @IrohKent]

@GBearTrading How do you decide how many shares you’ll short?

When I think of exiting for a loss I think of dollar amount first and then use that plus my entry and stop prices to decide share size.

But it sounds like you go by share size first then stop out price?

[Kent @IrohKent]

@GoshawkTrades Thank you!
And thanks for all the good info you post.

I can’t wait to dig into it. I might have to start posting more of my journey on here now. 😆

Merry Christmas!

[Kent @IrohKent]

@daytradingzoo You say this after I’ve just put the finishing touches on a OPB gapper system 😭

[Kent @IrohKent]

@Kinfo These are excellent insights into the general profitability of traders, thank you so much for posting!

Even though there’s probably a selection bias at play here for more serious traders, at least we now have more to go on than decades old studies of traders in non-US markets.

[Kent @IrohKent]

@GBearTrading Ah, good thinking.
I don’t remember it ever being that bad by Christmas Day, maybe it was, but not bad enough to remember. We try to always keep the trunk in a good bit of water, I think that’s the key to keep it fresh and spry.

[Kent @IrohKent]

@GBearTrading I say go for it. My family tradition is to do it the weekend after Thanksgiving. 😅

[Kent @IrohKent]

@TradetheMatrix1 Median price data can be misleading when trying to measure changes in value, due to being skewed by changes in volume across price ranges. The lowest price ranges are very hot right now.
Repeat-sales indexes are better for that, measuring change in price of same houses over time.

[Kent @IrohKent]

@GoshawkTrades Right, just curious about this specific trade.

[Kent @IrohKent]

@GoshawkTrades I agree, my strategies are still presenting more trades per week/month than pre-2020, less than half as much as 2020 but not at all back to the “normal” of the past.

Edge is more difficult, shorting every gapper doesn’t produce the same results, but it’s still an active market.

[Kent @IrohKent]

@TikTokInvestors I actually kinda believe Crispy

[Kent @IrohKent]

@ElJotaZhee @ShortBaggie You’re right. “Overnight” was a bit vague, the FINRA trade reporting facilities run from 8am to 8pm. So it’s trades that happen between 8pm and 8am, mostly those between 12am-8am. And they are required to be reported by 8:15am. Just going by what’s in that link I posted.

[Kent @IrohKent]

@TradetheMatrix1 Nice. Were you anticipating the clearout->fade when you went long NCNC?

[Kent @IrohKent]

@daytradingzoo I do store it locally, but to update I fetch the ticker lists and then use the Aggregates endpoint to update my files, ticker by ticker. I’m guessing you use the Grouped Daily endpoint to update? Now that I think about it that seems the most efficient for daily data.

[Kent @IrohKent]

@daytradingzoo Thanks for sharing. I think I’m in that process now. I’m mostly learning to feel good about “good enough” and not interfering to try and get perfect.

[Kent @IrohKent]

@daytradingzoo Oh that’s for sure true for me. The way I thought about it was “if I start with data tracking I can skip a lot of failure, plus I’ll have the system to be confident in!” But ultimately crafting a system can’t made up for my lack of confidence as the decisions are still all mine!

[Kent @IrohKent]

@daytradingzoo I view it as time spent building the base of my trading pyramid though, and the larger the base the taller it can be. But I also view my risk averse-ness as a big obstacle for me, and see trading as the perfect field to learn to face uncertainty and find a balance in riskiness.

[Kent @IrohKent]

@daytradingzoo I’m in a similar boat man. Ironically I chose quantitative trading in order to have faster progress but it’s turned out to be the long route, and the reason for both is that I’m very risk averse.