Pro Algo Trading | AlgoKing
Recent
first 90 days live - reality check
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3 months into trading with real money and i’m down $40k. not what i expected but also exactly what i should’ve expected.
paper trading for 3 years (2020-2022) gave me this false confidence that live trading would be similar. LMAO nope. completely different game when actual money is on the line.
march 2023: first month live trading results
first month done # march 15 - march 31 (2.5 weeks live)
went from paper trading to real money. lost $180k in february learning. figured some shit out. went live march 15
week 3 performance: sharpe 2.1 actual vs 1.64 backtest
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three weeks live = enough data for initial validation # march 15 - march 30 (15 trading days)
cleaned out dad's workshop today
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been avoiding it for 3 months
my dad had a workshop in the garage. tools, half-finished projects, his workbench
been closed since december 31st
today i finally opened the door
upgraded IV rank filtering
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the IV rank problem # my original algo only sells premium when IV rank > 40
IV rank = where current IV sits relative to its 52-week range
first 50% profit close
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closed my SPX 4300/4310 call spread this morning for 50% profit
opened march 15 at $0.85 credit. closed today at $0.42 debit
net profit: $0.43 per spread = $430 on 10 contracts
modeling slippage the right way
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the slippage problem is worse than i thought # after 2 weeks live trading (10 total trades), my average slippage is $6.40 per spread
met M. in the waiting room
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so this happened
been seeing my therapist since january. dealing with parents dying and all that shit. sessions are wednesdays at 4pm
last wednesday (march 15) i show up early. girl’s sitting in waiting room. brunette, maybe 5'6", great body, yoga pants. mid-20s probably
first week done. slippage is brutal
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one week live trading = reality check # algo’s been running 7 days. march 15-17. opened 3 positions total