Welcome October! Good morning. My morning report has been on break for September while I’ve been busy engineering alpha capture. It’s been a busy month.
As of today, Tuesday, October 4, 2016, the return from my trading performance since January 1 stands at +75.9 accumulated points vs the benchmark SPY’s performance of +9.6 points over the same period. That’s an increase of +28.1 since September 1 (my last report) when my performance stood at +47.8 in Risk-Off mode (shown above). Risk-Off mode is where trades are not extended and exits are bounded by predetermined time in trade limits absent other reasons to exit (e.g., price target or stop loss reached, etc.). The SPY since September 1 fell -2.3 profit points from 11.9.
Today’s a new day and I am prepared for the market open with 12 themes/strategies I determined overnight will best match what the market throws at us. I may or may not use all these intraday strategies depending on whether or not all the criteria for each are satisfied.
Of these 11 strategies selected today 6 are Long, bullish in outlook. 5 are Short, bearish in outlook. Ready for anything. The short strategy, ‘Wait for the 8’, in the list below has the highest Win %s heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|1||59.2||Alpha Predator Edge||Long|
|2||63.6||Buyers Stepping In||Long|
|4||57.6||First to the Party||Long|
|5||64.8||Knocking on Resistance||Short|
|7||62.9||Pushing Through Resistance||Long|
|9||54.6||Shot Thru the Heart||Short|
|10||62.9||The 5 Day Bounce||Long|
|11||81.0||Wait for the 8||Short|