Track Profit & Loss

Track the performance of the TradeRadar trading portfolio. Some of these stock picks were made using the TradeRadar signal. Many of the ETF picks were made based on sector analysis. All picks have previously been posted on the Trade Radar blog. Here we can follow the outcome of each pick and assess the reliability of the TradeRadar signal or the TradeRadar analysis. Latest quotes are displayed in the ticker.

Explanation of column headings on Closed Positions tab:

  • Symbol - symbol for stock or ETF
  • Trade - indicates whether a Buy or Sell signal initiated the trade
  • Date Rec - recommended date to initiate the trade based on TradeRadar signal
  • Open Price - price on the recommended date based on TradeRadar signal
  • Current Status - how the trade is playing out, updated weekly
  • Close Price - price on the date TradeRadar recommendeded closing out the trade
  • Profit & Loss - based on difference between Open Price and Close Price

 
 

 
Recent Trades:

FXP hit a stop and was sold on Tuesday, 3/25/2008, at $102.01 for a gain of 18%
Details will be on the Closed Postions tab soon

Bought SKF again on Wednesday, 3/26/2008, at $107

SIJ hit a stop and was sold on Wednesday, 4/2/2008, at $57 for a loss of 17%
Details will be on the Closed Postions tab soon

Stopped out of SKF on Wednesday, 4/16/2008, at $111 for a 3.6% gain

Stopped out of SDS on Friday, 4/18/2008, at $57.67 for a 12.4% loss

Stopped out of REW on Friday, 4/18/2008, at $62.93 for a 9.8% loss

 

 




Comments on the TradeRadar Signal

The ZONE: The area below the green line on TradeRadar charts is "the zone". Following the normal TradeRadar analysis process, you would use the trailing (rightmost) edge of peaks to identify reversal points. When the red signal peak falls well below the green line, a reversal in trend has been identified. After a peak has occurred, continue to review the path traced by the TradeRadar signal. If it remains below the green line, it can be considered to be confirming and continuing the trend identified by the peak - it is still within the ZONE. When the signal comes out of the zone, it definitely signals the end of the previous trend; however, it may or may not signal a tradable reversal. The new trend may be sideways or the opposite of the previous trend. Avoid trading into a sideways trend. Use the TradeRadar signal to test for a reversal using the last peak as a start point. The reversal would provide a tradable signal. On the other hand, you may find a stock you like but you missed the reversal point. If the upward trend is still intact and the stock is still within the BUY zone it may still be well worth establishing a position.

Filter Settings and Time Periods: It appears that we didn't get out of PacificNet quickly enough because we trusted the TradeRadar SELL signal at its default setting, a 5-day filter. With only three months of daily data to base its calculations on, the TradeRadar engine could not react quickly enough. In this kind of case, it is better to reduce the filter setting by a day or two. You will see both the Signal Strength and Kurtosis increase. That may provide a more realistic and actionable signal.

ETF Strategy: The call to sell QQQQ and buy QID was an experiment to see if a simple strategy would provide positive results. In this kind of play, TradeRadar was used to analyze a long ETF and it's corresponding short or ultra-short ETF. If TradeRadar shows a good SELL signal for the long ETF and also shows a good BUY signal for the short ETF then sell the long ETF and buy the short ETF. After this week's market action, this trade is looking pretty good.

Signal Strength: Weak or Strong? Signal Strength seems to be one of the most important indicators in the TradeRadar system. The shape of the signal provides an indication that we have encountered a reversal. The Signal Strength gives us the confirmation that the reversal is significant enough to trade on. How strong does it have to be in order to trade with confidence? 70% is passable, 80% is better. The fact a BUY or SELL signal is weak (around 50% Signal Strength) indicates that the stock or index is going through a period of choppy trading. It is best, in these circumstances to be cautious and assume the current trend may be in doubt. Similarly, a Signal/Noise ratio less than 85% or 90% also indicates choppy trading.





Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.