I've been meaning to call Questrade in order to reset my passwords and re-establish access as I haven't even looked at my accounts in quite a while now. I still receive the various client notices via email and that at least has kept me up to date with some of the new things that Questrade are doing.
New Inactivity Fee
One that had me a little concerned was the original idea of charging clients a $10 monthly inactivity fee unless there was at least one $4.95 commissionable transaction per month. That was to have been put into effect in July. They have since rescinded that idea and changed it to a quarterly fee of $20 and quarterly transaction requirement which doesn't kick in until until October.
All of this is moot if there is over $5,000 in combined assets in a client's accounts.
Due to my procrastination in calling, they called me. I got someone who knew what they were doing and looked after everything I needed as well as answered some basic questions regarding the new platforms and data fees. All in all they get a good grade for pro-active customer service.
I am looking forward to playing with the new IQ trading platform and browsing some of the new information that they have available.
Jeff.
Questrade, My direct access discount broker.
Wednesday, June 13, 2012
Tuesday, June 12, 2012
Consistent High Win Rates in Active Trading
I've lost count of how many times I have started this post only to lose sight of what I was trying to convey. So I started over with the same basic idea, just a slightly different direction and frame of mind and removed all the technical crap.
I pulled out my most promising trading strategy a few weeks ago for some reviewing, which was the gist of what I was trying to get at. I used the same list of stocks that I had selected then, about two years ago, and reviewed all of the entry and exit ideas with updated charts to reflect current activity. Not much has changed. The performance of the strategy has remained relatively steady with win rates that are not only consistent, but quite respectable. I am not surprised as the strategy is simple enough that it eliminates the subjective decision making and turns the trading into a strictly cold, hard, rules based operation. In fact, the older trades that I looked back on were easily duplicated without any reference to the annotated charts and without any real thought or tough analysis.
I succumbed to the lure of instant gratification as I overlooked many of my trading plans, from the simple to the overly complicated, in favour of the faster moving day trading. I have taken a break from trading directly and have managed to refocus on what my goals are with a view to a longer timeline for trading.
Over the next few posts I will post some of the comparative results of my updated studies. I am even going to use some random stock selections and put my plan to the test to see how versatile it can be overall. I doubt that I will outline my entire plan as, like so many other ideas available online, they are not likely to be taken too seriously anyway. In the same vein as the rest of my blog, this is aimed mainly at tracking my own learning curve.
Jeff.
I pulled out my most promising trading strategy a few weeks ago for some reviewing, which was the gist of what I was trying to get at. I used the same list of stocks that I had selected then, about two years ago, and reviewed all of the entry and exit ideas with updated charts to reflect current activity. Not much has changed. The performance of the strategy has remained relatively steady with win rates that are not only consistent, but quite respectable. I am not surprised as the strategy is simple enough that it eliminates the subjective decision making and turns the trading into a strictly cold, hard, rules based operation. In fact, the older trades that I looked back on were easily duplicated without any reference to the annotated charts and without any real thought or tough analysis.
I succumbed to the lure of instant gratification as I overlooked many of my trading plans, from the simple to the overly complicated, in favour of the faster moving day trading. I have taken a break from trading directly and have managed to refocus on what my goals are with a view to a longer timeline for trading.
Over the next few posts I will post some of the comparative results of my updated studies. I am even going to use some random stock selections and put my plan to the test to see how versatile it can be overall. I doubt that I will outline my entire plan as, like so many other ideas available online, they are not likely to be taken too seriously anyway. In the same vein as the rest of my blog, this is aimed mainly at tracking my own learning curve.
Jeff.
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