20 Comments
User's avatar
Ben's avatar

Thanks Austin love to read these!

Expand full comment
Austin Mitchum's avatar

Thank you

Expand full comment
ian's avatar

great post. would love to see something in the future on pm planning process, ie how you lay out context for in play name, how you grade it, how you size accordingly.

Expand full comment
Austin Mitchum's avatar

Sure. Please refer to some of my stock specific write ups in last that may be of help

Expand full comment
Eric's avatar

Thanks for your sharing Austin. May you do a write up about 'No man's land? Lance also talked about this i wonder what is it' thanks

Expand full comment
Austin Mitchum's avatar

Sure that would make for a good post. Essentially it is entering a stock in the middle of a range versus trading the breaks. Latter is going with flow and with momentum now. Former is stuck within cross flows and may/may not break

Expand full comment
Luis Hailliot's avatar

Pretty solid performance! Very few red days there!

What's does EPS stand for on your strategy?

And what are you using to log your trades? I am using the Someka template in excel currently.

I had some good results this QTR with short tem holdings being the main driver of performance. I will have to define parameters way better next quarter though.

You point of not holding small reds in D1 just because is simple and efficient! I will take it onboard!

So easy to change an initial intraday trade that did not work into o/n hold for no real justifiable edge.

Thanks for sharing so valuable for everyone who wants to improve and is willing to put the effort.

Cheers!

Expand full comment
Austin Mitchum's avatar

Thanks Luis. EPS = earnings per share. New news = revisions. I log my trades via Tradervue. I will be releasing software next week for traders in Australia to access

Expand full comment
Luis Hailliot's avatar

Awesome - thanks!

Expand full comment
JM's avatar

Sizing - massive one for me. Complacency also. I will grinde , grinde , grinde, relax, get lazy with a daily prep etc take on suboptimal , impulsive trades - take a big hit.

Expand full comment
Ross's avatar

Appreciate your write ups. I liked the phrasing about falling to your systems vs rising to your goals, and then your description of efforts to improve your systems

Expand full comment
Austin Mitchum's avatar

Thanks Ross but I can’t take credit there. That is a James Clear special

Expand full comment
Connor's avatar

Thanks for sharing performance in such detail Austin. Awesome to see that level of consistency even as things have quietened down post Feb. Shows me that there are still adequate opportunities out there to trade and that any underperformance on my part is due to issues with my own trading/execution and encourages me to keep working at things.

Expand full comment
Austin Mitchum's avatar

Thanks Connor. It may not necessarily be issues with your trading but that your trading is just singularly focused on one edge eg news. Learning other strategies from others is important to diversify and grow. Small and build. This comes after you have owned your best playbook though

Expand full comment
JM's avatar

Thank you for sharing.

Expand full comment
Austin Mitchum's avatar

Thank you. What resonated?

Expand full comment
JM's avatar

Think my repl belonged here (subsatck novice - sorry).

Sizing - massive one for me. Complacency also. I will grinde , grinde , grinde, relax, get lazy with a daily prep etc take on suboptimal , impulsive trades - take a big hit - not exit immediately on wrong.

Expand full comment
JM's avatar

And cannot use a keyboard obviously.

Expand full comment
Austin Mitchum's avatar

I am pleased there are areas of value you can implement into your own trading. This was the goal

Expand full comment
JM's avatar

This is a great post!

Expand full comment