🚀Mastering Breakout Strategies & Building a Winning Portfolio!

Рет қаралды 3,044

9 ай бұрын

Ready to take your trading to the next level? Join us in this deep dive into the world of breakout strategies and discover how to construct a diverse and profitable portfolio. Breakouts are powerful trading techniques that can lead to significant gains when executed strategically. In this video, we'll cover:
✅ The fundamentals of breakout trading.
✅ How to identify breakout opportunities with precision.
✅ Tips for diversifying your portfolio for consistent results.
Whether you're a seasoned trader looking to refine your skills or a newcomer eager to learn, this video has something for everyone. Don't miss out on the chance to elevate your trading game and start building a portfolio that stands out in any market! 📈📊 #TradingStrategies #PortfolioBuilding #BreakoutTrading
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Ali Casey here from StatOasis channel, I post about Finance, Investing, Algorithmic Trading and everything else in between.
I strive to provide the best education on the subjects mentioned above, the goal is take control of your financial future. If you like what you read, then subscribe and if you're still reading this, you rock! thank you ❤️

Пікірлер: 32

@lowcorrelation 9 ай бұрын

the 3d "water level" graph reminds me an old PC game called SimCity 2000. I love it.

@StatOasis 9 ай бұрын

👌😂

@EricSneo 9 ай бұрын

Great how you tested all filters in MC with optimization. Looking forward to the new course!!!

@StatOasis 9 ай бұрын

Me too!

@mattlewis-UK 9 ай бұрын

some excellent pieces of advice and approach Ali. Hope those watching truly understand the message you are trying to get across here. You are a shining light in the darkness of trading youtubers.

@StatOasis 9 ай бұрын

I appreciate that!

@teebone2157 9 ай бұрын

i love the content. More intraday strategies are needed due to not many having the capital to trade daily charts

@StatOasis 9 ай бұрын

More on the way

@hanchow2004 3 ай бұрын

If incorporating target profit into a trading system, it may smooth up the performance curve and reduce Drawdown?

@StatOasis 3 ай бұрын

good point, also a trailing stop will work here. Only testing can determine the conclusion ☺ In general I prefer a portfolio to smooth things over SL & PT

@lowcorrelation 9 ай бұрын

Have you ever thought about competing in the world trading championship?

@StatOasis 9 ай бұрын

not all competitions are the same, for example world cup trading championship look for highest return without regards to drawdown, which is completely unrealistic. for the top 3 winners every year that are making more than 100%, there are thousands of completely wiped out account, as you have to add huge leverage and take huge risks (like risk of wiped out) and lots of luck to come up on top that year. The only reason people do it is get famous in the industry (which has its benefits), but keep in mind in real life that kind of return does not exist. there are other competition that do take risk in to the winning equation but they are not popular. So all are beneficial, but they do require time, money and energy to compete, as they don't allow automation, and I should be doing them. I do know a couple of really good traders who made all the right decisions, but are not even on the top 20 every year and been doing this for the last 10 years, as luck didn't show up for them so far.

@LuandreEzra 9 ай бұрын

Hi Ali love the content, I always thought a complex breakout strategy while there's a simple strategy that works on the market. I'm curious though with the backtest chart on time 8:24, on the far left trade. According to your strategy a long position will close when close price is lower than close of 6 bars ago, but the far left trade is closing when previous close is still higher then all 6 bars ago. Am I missing something here?

@StatOasis 9 ай бұрын

there is a different lookback for entry and exit, you can check the code in the community go.statoasis.com/community

@Flip26679 9 ай бұрын

What session times are you trading here? The entire session or only a more liquid subset of hours? Awesome content BTW!

@StatOasis 9 ай бұрын

day session which is usually New York time

@TimFelmingham 9 ай бұрын

I understand your point about smoothing out equity curves by trading a portfolio, but I'm not sure I agree on the principle of choosing a strategy based on its overall metrics, rather than it's equity curve. You could have a strategy that has a horrible equity curve, but which happens to end on a high so the overall metrics are good. However, if your test period ended earlier the overall metrics could be bad. My point is that the overall metrics are a snapshot of a particular point in time that is essentially random, so I don't think it's a good idea to evaluate strategies mostly on the basis of their overall metrics - I think you must look for a decent equity curve as well, and not just rely on the portfolio to smooth it out. Any comments @Ali?

@StatOasis 9 ай бұрын

For sure, you are always shooting for good metrics and good equity curve, but the more strategies you add the higher priority goes to correlation with other returns and less to look of equity curve. Of course if you get both then its even better. Also please keep in mind that this is not final and a monte carlo run will give a more realistic future expectations

@javadnasiri8415 9 ай бұрын

Thank you for another good content. I have a question. During the process of creating a strategy or converting strategies to a portfolio and finally monitoring real transactions, do you use data analysis such as political news, economic news or any market index? And if yes, do you use business intelligence software? Do you think that automatic analysis of current data can help in managing the portfolio and improving its performance? For example, stopping and starting or replacing strategies in the portfolio automatically And according to the data that has been analyzed. Sorry, my question is long

@StatOasis 9 ай бұрын

news and political events are already built in if you tested correctly. Upcoming volatile events like BREXIT where you know when it is going to happen can be used to reduce position sizing (if you have big capital) but that is only psychological as long term those blips will barely even show on the equity curve. turning strategy ON/OFF, adding/removing are integral part of portfolio maintenance, but they are not dependent on news/political events, instead they are like the strategies have a quantified metrics with rules.

@javadnasiri8415 9 ай бұрын

@@StatOasis Is it possible to give more guidance? I would like to know what is your process for portfolio management through quantified data? What kind of quantitative data and what do they include? And what is the interaction between portfolio strategies and quantified data for portfolio management?

@iameladlevi 9 ай бұрын

Thanks Ali! If I would’ve started this portfolio at the 50k loss year, what is the DD? Would it erase the capital? I mean - what is the needed capital for this and how would the bad year impact on the capital?

@StatOasis 9 ай бұрын

Required capital depends on how much dd you can tolerate. U need to run a montecarlo to find those levels

@iameladlevi 9 ай бұрын

@@StatOasis you are right. Thanks.

@animal9470 9 ай бұрын

What software are you using?

@StatOasis 9 ай бұрын

Software is go.statoasis.com/mc

@Tenet888 9 ай бұрын

What software are you using to conduct this analysis? How accurate is the data?

@StatOasis 9 ай бұрын

Software is go.statoasis.com/mc Data is from tradestation, it is one of the high quality providers

@clevo4040 9 ай бұрын

Optimizing over long and short separately implies that you are sometimes BOTH long and short the same instrument simultaneously. And consequently in violation of NFA. Or am I missing something?

@StatOasis 9 ай бұрын

Depending on your account type