Welcome to Croesus-Mode.com
The aim of Croesus Mode is to provide a weblog-style investment newsletter. We focus on the demonstration of mechanical trading systems, and we track the performance of such a system on this site. The Croesus-Mode system is discussed under the Trading Systems tab in the menu at the top of the page.
Registered users may view the positions as our system generates the entries and exits, and may download historical positions generated through back-testing. We also graph the back-testing results showing the performance of our system over the last several years. This back-testing helps us demonstrate the soundness of the Croesus-Mode system, and of mechanical trading techniques in general. This information should help you develop and test trading systems of your own design.
Registration is free - the only requirement being an acknowledgement that any trades taken on the basis of this information are at your own risk. As with any investing, past results do not guarantee future performance. It is recommended that you seek the advice of a qualified investment advisor prior to undertaking any new investments.
Thanks for your support - The Management at Croesus-mode.com
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Tuesday, 31 August 2010 |
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About a year ago we had an idea to release some of our trading tools on the iTunes app store. We still have not got around to it! However, we have released a couple of iPhone games in the intervening time. It turns out that writing games is a great way to learn a new programming platform, so we have two games out for the iPhone - KaleidoBalls, and Lunar Landing.
Screen shots below:
Why do we mention this in a financial blog? Good question! This is a shameless plug as we mentioned above! We're also excited about the app store and have our first two iPhone apps for mechanical trading in Beta test and scheduled to release Real Soon Now. Our plans are to first release a free app that demonstrates the importance of position sizing on your trading profitability.
The second app will be a paid app (price not determined yet, but cheap) that provides a couple of different ways to calculate position size for your trades. We have to clean up the user interface a bit and then get them both through the Apple App Approval Process before we can make them available. Following this we need to coordinate some promotional material with the release, but we anticipate both of these will be available through the iTunes App Store before the end of September.
When we start promoting the apps in anticipation of their release, we will post a couple of screen shots here with a few more details.
That's all for now.
Happy Trading!
The Administrator |
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Saturday, 21 August 2010 |
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Since our last post, we have been in and out of the market several more times. Traders often refer to this as whipsawing, and it typically results in small draw downs. The system Croesus-Mode is currently running has several features that attempt to minimize whipsawing, but these types of entries and exits are ultimately at the mercy of the market.
There is a strong temptation to resist taking new trades when we see the market behaving like this. Van Tharp writes extensively of this in his book "Trade Your Way To Financial Freedom", as does Curtis Faith in his book "Way Of The Turtle". To summarize both of them, we would say that if you are confident of your trading system you have to take all of the trades it tells you to take in order to make money in the stock market. You never know when an entry signal is going to turn out to be the most profitable trade of your career!
To minimize (or address) or fears, we spend a lot of time working with our trading system under various back testing scenarios. We try to test our system under market conditions that are similar to whatever we see as current. In early 2008, this meant being comfortable with how our system performed during a market downturn (2000-2001 in that case). Currently, we like to look back over the market data to see how our system performs on non-trending markets. By studying our historical results, we see that we tend to experience drawdowns when the market is fluctuating, but turn these drawdowns into profits when the market starts to trend once again. You can't win if you don't play.
Happy Trading! - The Administrator
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Tuesday, 06 July 2010 |
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Those of you who follow the Croesus-Mode system have probably noticed that it currently has us out of the market with all positions closed. For the casual users that are not registered on the site, you may have noticed that the Market Health Indicator chart above (our S&P Metric) is indicating that the S&P is below its 45 week average and that we should stay out of the market (at least for long positions). While it is true that we can't make money in the market with no positions open, this S&P Metric helped us preserve our capital during the market downturn of 2008-2009. I guess this is a way of saying that we treat the S&P Metric with a little respect here at Croesus-Mode!
Some of you are aware that we are testing the Beta version of our mechanical stock trading tools. The testing is progressing well and we hope to be able to enable the tools on the site within the next few months. This will necessitate changing the site format somewhat, but the information currently presented on the site will either be preserved or means to reproduce it will be provided. Meaning that we plan to cease providing stock picks for registered users once we enable the tools that will generate the picks. We will still track our Croesus-Mode system, but we will let you run your own favorite stocks through the tool set to determine entries, exits, and position sizes for yourself.
Stay Tuned, and Happy Trading - The Administrator |
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