P&L: 05-Aug-2017

pnl-20170805

Weekly P&L +6.8k: BIDU +2.6, DBK +6.2, ACX -6.4, crpyto +4.4.

Mistakes made

  • Working GTC limit orders below market without checking news announcements daily, guaranteed to get bad fills sooner or later doing this

Notes

Even with only 5 stocks on the watchlist, the daily process is becoming time consuming after considering that on each stock there’s probably only one good trade per year to be made. The plan for next week is to reverse the process. At the moment we study stocks individually looking for our specific trade patterns. Going forward we’re also going to create a system to detect stocks matching criteria relevant to each trade pattern. Over time we’ll identify which approach is the most profitable.

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