Oluwatosin Israel Tokode @oluisrel: "///This Week CPI was the big..."

United Kingdom

///This Week CPI was the big event last week, it was mostly in line with expectations. The $SPY (State Street SPDR S&P 500 ETF) is now about 1% from new all time highs but the $QQQ (Invesco QQQ) is lagging, about 5% from its highs. That means the market is still nervous about tech/growth/megacap, it is not really clear which one it is but is definitely the nasdaq and that happens to be the universe my ststems trade the most. //Trading System (TOKODE.com) You get in trouble two ways as an algorithmic trader (i) not following your system (ii) leverage or oversized positions. The latter is the reason I am underperforming my trading system which of course is clearly beating the indices with a 21% return as at Friday. I took this period of market correction/portfolio drawdown to rebuild it from the ground up into a modular system comprising eight strategies with a performance that makes it unnecessary to fall into point 2 above. /Reversion This is currently the most active strategy but price is not falling to the limit prices for entry hence, it is not trading to full allocation. This is a similar issue with the Breakout and Breakdown strategies, I have entry signals for $SOXL (Direxion Daily Semiconductor Bull 3X ETF) and $SOXS ( Direxion Daily Semiconductor Bear 3X ETF) but no fills because the semiconductors refuse to pullback.

Not investment advice. The author may have financial interests in the mentioned instruments.