Regional Reit Share Discussion Threads

[melody9999] 23/2/2020 07:49

Good for you Dav. generally there is too much focus on returns, and not enough on the risk taken to achieve those returns.

[davr0s] 22/2/2020 15:44

Crikey you do have a problem. Just ignore me - I'm not after followers or subscriptions. Not interested.

[davr0s] 22/2/2020 15:42

The implementation is complex but what I do is very simple - I try and get on up trends as they start and get off as they end. So I never hold shares trending down and I only add to shares trending up. I set no targets as I want to hold forever but in reality all shares break trend at some point. And when I take a position I risk the same amount of my capital where my initial stop is. I trail stop up as the position moves in my favour but outside the shares typical volatility. So no one position can damage my account if it blows up. I tend to avoid posting results as it's often comparing apples with pears and I'm also not trying to promote or sell anything. Also what is important is the rate of return cf to the drawdown. I can give you a strategy that could double your money today (ie put your whole account on black at the casino) but your have a 50% chance of losing it all. So there is no edge and it's very risky. So posting one without the other has little meaning. maximum drawdowns in the last 5 or so years has been mid single digit % and my annual returns can be many times that but sometimes low single digit if I've gone defensive. I have had a professional career but I now do this full time myself - so suffice to say I make money on average to do this. Equally I'm not driving a Lamborghini around. For me it's about quality of life (my commute is now a few feet) and the challenge of doing the implementation

[skyship] 22/2/2020 14:49

DavROs - certainly far too tecchie for me; don't even understand much of what you posted in 1745 above! Mind you, much of what happens in the stock-market has changed since my short sojourn there in the late 60s/early 70s!

The proof of a system is of course measured in its outcomes. So can you say what your compound pa growth is over those 10yrs you mentioned?

[minerve 2] 22/2/2020 14:47

It might be a typical bulletin board response but I can assure you it is not built upon the typical bulletin board understanding. I couldn't care less who your ex-colleague is or what he does. Many millionaires today built upon the back of the easiest bull-market to trade in history. You would have had to be a serious chump to lose money since the last financial crisis.

You will only find out about your misplaced confidence if you have the courage to remain in the game over several monetary and fiscal cycles. If you don't and take what you have - and I suggest you do that if you are now very wealthy - you will never know whether your quant strategy is a winner.

The reality is that it is just luck against the back of QE and nothing to do with a novel successful strategy that you have found. Stay in the game and report back in a decade. You can tell me then - if you are honest enough - that I was right. ;)

[cwa1] 22/2/2020 14:45

IGNORE above link

[davr0s] 22/2/2020 13:47

Pretty typical bulletin board response as ever - someone asks a question, you answer and someone else dismisses it with absolutely no understanding by quoting one example that didn't go to plan. My approach is nothing like LTCM and there are many examples of successful companies out there - ex colleague of mine headed up the quant team at GS and is now one of the richest people in the country.

[minerve 2] 22/2/2020 13:26

We don't _have_ to judge but I don't see why we can't. If people don't like to hear opposing opinions or do not want to be judged they can filter or not post respectively.

Are we snowflakes or are we men?

Society is unhealthy today because nobody wants to judge and hence we have masses of apathy and ignorance.

Anyway, I've said enough.

[bothdavis] 22/2/2020 12:38

Why do we have to judge other peoples actions....let them invest/do what they want to do, if it doesn't work...they will learn...that is the process of investing...each to their own. We all have our own reasons/way of investing, what is working for one may not work for another.

[minerve 2] 22/2/2020 12:20

Because it doesn't work and I'm being kind by not endorsing their misplaced confidence.

[bothdavis] 22/2/2020 12:14

Why denegrate?.....if it works for them ...well done them....be kind!

[minerve 2] 22/2/2020 11:56

Ah, the misplaced confidence of LTCM wannabes.

[davr0s] 22/2/2020 11:25

No I hold a lot of positions - i quant/systematically trade. I know my edge as I have tested hundreds of thousands of setups across my styles in US and UK going back over 10years. I know where to get in and out and I let the computer do most of the work. On any given day probably 5-6 really need looking at - other than that I let the trade expectancy play out and ignore all the noise. This approach will scale me out ahead of bear markets (I had 3 positions going into 2019 wash out so hardly felt it) and it's been scaling me insince last spring

[skyship] 22/2/2020 11:06

DavROs - "hundred or so" - I assume you mean the 115 stocks allowed on your ADVFN Monitor, not actual holdings.

[davr0s] 21/2/2020 20:15

Yep it's as simple as that

[davr0s] 21/2/2020 19:47

Five second check - trend up all fine rest is noise. Goes to check my other. hundred or so positions across UK and US markets

[nerja] 21/2/2020 19:25

Minerve has good case, sold half of mine, BUT strange things happening in my stocks. I added more HiCl when they raised in dec at 158p just sold half of them at 181, Reci they raised recently could only manage to get 5k at 170p. NG, SSE etc which I hold , going gang busters, my prefs are going up, SMIF etc doing great,builders great , but lots of stocks just doing the trading thing and my trusts are all pants really, it’s looking a time to watch your positions , it feels like 2000 to me the big boys taking the proverbial repositioning . I hope i am way off but starting to top slice just in case.

[badtime] 21/2/2020 17:12

I'm with the sp

[shalder] 21/2/2020 16:46

I'm with Minerve on this one; a good company but the premium to current and prospective nav given the brexit related uncertainty looks a bit rich for me, so have sold this pm.

[broadgreen] 21/2/2020 16:30

for divi info across the board I find this site extremely useful. Also has links to the RNS announcements for dividend information.

hxxps://www.dividenddata.co.uk

[lord gnome] 21/2/2020 14:30

Problem is that most of them use the same source data. If it's wrong for one, it's wrong for all.