What's even more amazing is how all the intraday signals just sidestepped today's action and stayed quiet to let the big daily ones take over.  None of this is coded.  Freaking swarm intelligence at work here lol

Days like this are a beautiful example of how Tech Trader is NOT quant or conventional algo trading and definitely not mean reverting. All the other quants I know of started scaling in last week and got hit big time, unlike Tech Trader aiming for precision with technical analysis to figure out the exact bottoms (or at least pretty darn close).

Added the strike selection logic for options to the Tech Trader interface.

(note, prices are a bit out of wack on weekends, so if this were run tomorrow morning, we would probably get a nearer-money strike)

I don't know if this is delta or some other metric/technique.  It's how I've always picked my own strikes when trading options, but I never had a name for it.

It just hit me that SPY is really under $200.  This is like one of the once-in-a-blue-moon opportunities to buy SPY on Tech Trader's bottom signal once it hits.  That's the one we should really be waiting for and should be lining up capital to go in on.  Need to wake up here and stop getting side tracked with UNG and all these other distractions.

This is the bottom signal on SPY since 2008.  Super rare.

It's only the first half hour of the day, and Tech Trader is already outpeforming market again, down only .5% when the indicies are down 1%.  Shorts like TASR (5%) helping a lot today.  Added - signs to the charts to show where exposures are short.

Great show of strength today for Tech Trader against the market sell off.  Tech Trader in total, even with yesterday's IWM buy, is only down 0.5%.  SPY is down over 2% and IWM is down almost 3%.  Shorts like GRUB (5%), ADI (7%), and GRMN (2%) contributed a lot to outperformance, but it's nonetheless 40% net long, meaning longs were pretty resilient as well.

What's interesting to note is that Tech Trader isn't buying the dip today; no bottom or RSI signals on the major indices.  There was one yesterday and a leftover from last week, but not the usual 3-5 cluster or more with aggressive averaging down.  Again, exposures are at year lows of 65% long vs 28% short.

The n/a sector is ETFs, which consists of EEM and IWM collectively being down about 2% individually but affect less than .3% of the portfolio and are offset everything else.  The most any individual name is losing the portfolio is no more than about .1% either.



Again, the sell off is barely a blip in Tech Trader's P&L while you can see SPY for the YTD time frame being very volatile.

Tech Trader starting to get longer again with the market sell off starting with IWM.  Things getting interesting after a boring few days.

Great example on GRUB of Tech Trader's option pricing algo at work.  Normally I would have just crossed the spread, but it now knows to aim for $.50 on a spread of $.45x$.70 based on how other contracts are priced.
Edit: Not trading this specific strike/contract.  Just wanted to show how TT would price a wide spread.  Sorry for the confusion.


In other news, XLP has exited around $50.20 for about a 1.2% total gain (QQQ had 2.4%, XLK 2.1%, and XLF 2%).  Still holding EEM which is taking a hit, but it's small compared to what the others made already.  Slow day overall.

Fixed images

Just finished adding the ability for Tech Trader to automatically figure out fair value for options based on intrinsic/extrinsic of other contracts.  I'll never get ripped off by a 40% spread again! Bahaha

Tech Trader almost closed its QQQ and XLK longs from yesterday this morning, but that pullback in the first hour was enough to give it more runway.  Looks like the pattern has been selling from Europe market hours and then relief after.

Tech Trader's going for it here on this China yuan devaluation sell off.  Intraday bottoms on both XLF @ $24.7 and EEM @ $35.3.  Looking for another bounce here in the next few days.