We have just completed the first full month of beta testing of ...sceeto's new offering, TradeOps.

We are pleased to present our P&L for this period - which aligns closely with the behavior and returns our pre-beta trading (Pre-beta P&L is published here).

During the first month of beta TradeOps trading, we executed 379 trades in the forward e-Mini S&P 500 futures contract.

TradeOps experienced a win:loss ratio of 74% and a net profit of $8.635.70 - after commissions. 

As we are fond of transparency, if you are interested in the details of each trade, daily trading summaries, and an overall summary, you can review these data points in the attached spreadsheet.

We are currently running TradeOps Beta 1.4, but anticipate distributing TradeOps Beta 1.5 sometime between Monday and Tuesday of this coming week (09\10-MAR-2015).

If you have not yet signed up for beta access to TradeOps, but are interested in participating in our beta, please feel free to request access by opening up a help desk ticket here.

We anticipating that the official product launch of TradeOps will be within 2 weeks and the closing of the beta entrant window will occur within 1-2 weeks. 

Beta Performance | 1st Month All Trades Long Trades Short Trades
Total Net Profit $8,093.30 $7,625.00 $2,287.50
Gross Profit $16,825.00 $12,662.50 $4,162.50
Gross Loss ($6,912.50) ($5,037.50) ($1,875.00)
Commission ($1,819.20) ($1,276.80) ($542.40)
Profit Factor 2.43 2.51 -542.4
Cumulative Profit $9,912.50 $7,625.00 $2,287.50
Max. Drawdown ($875.00) ($812.50) ($875.00)
Sharpe Ratio 1 1 1
Start Date 2/6/2015    
End Date 3/5/2015    
Total # of Trades 379 266 113
Percent Profitable 74.41% 72.56% 78.76%
# of Winning Trades 282 193 89
# of Losing Trades 97 73 24
Average Trade $26.15 $28.67 $20.24
Average Winning Trade $59.66 $65.61 $46.77
Average Losing Trade ($71.26) ($69.01) ($78.13)
Ratio avg. Win / avg. Loss 0.84 0.95 0.6
Max. conseq. Winners 26 17 31
Max. conseq. Losers 12 12 5
Largest Winning Trade $262.50 $262.50 $200.00
Largest Losing Trade ($325.00) ($325.00) ($237.50)
# of Trades per Day 13.54 9.5 4.35
Avg. Time in Market 15.3 min 16.1 min 13.6 min
Avg. Bars in Trade 0 0 0
Profit per Month $10,797.54 $8,305.80 $2,683.41
Max. Time to Recover 3.75 days 3.89 days 4.22 days
Average MAE $68.43 $76.69 $48.28
Average MFE $58.20 $64.05 $43.92
Average ETD $32.05 $35.39 $23.68

We have not yet settled on subscription pricing for this offering, but the current thinking is that each trading allotment, where for each allotment, the strategy can tradeup to 5 e-Mini S&P 500 contracts, will be $500.00\month.

We anticipate on-boarding additional strategy offerings in the coming months.

TradeOps is an entirely new class of trading...

Today, imbalances in an order flow for a particular market will create a vacuum pocket within the transaction matching engine of that market, for instance in the forward e-Mini S&P 500 futures contract traded within CME's GLOBEX servers in Chicago.

As these vacuum pockets are filled, the Price Discovery process repsonds immediately, and in doing so, provides the nimble trader a quick opportunity.

This imbalance effect creates many nooks and crannies that a traders can take advantage of.

The P&Ls above and here are from a ...sceeto trader who describes his approach as being 'extremenly opportunisitic'.

TradeOps allows subscribers to automatically shadow these trades in either a fully automated, or manual fashion.  How cool is that?

TradeOps, the next trading disruption...

Just as the internet allowed for the self-publishing of music which put Tower Records out of business, and just as the internet also allowed for the self-publishing of books and blogs - which disrupted the publishing industry - TradeOps has built a trade distribution relay network that allows successful traders to self-publish, in real-time, their trading activities by disseminating their trades to other traders who wish to monitor - and shadow - these activities, also in real-time.

TradeOps intends to disrupt the current quant\hedge fund model by making distribution of trade-based intellectual property simple, easy, and extremely profitable for the successful trader.

TradeOps has built, and maintains, a trade order relay network that manages this trade data dissemination.

TradeOps has also built custom assemblies which inject this trade data, in real-time, into NinjaTrader for immediate execution by customers directly with their existing brokers.

If you are interested in partnering with us please drop us a line here.

All the best,
Carl Weiss
TradeOps | Founder & CEO


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Thursday’s Morning Briefing

The Major U.S. benchmark indexes traded lower than Wednesday’s. The Dow close at 18096: down -106 points (0.58%). The Nasdaq Composite ended the session at 4967: down -12 points (0.26%).  The Broad Benchmark S&P 500 finished the session at 2098: down -9 point (0.45%).

S&P futures traded below the Tuesday’s low, breaching support at 2095 and auctioning down to 2085: 33 points (1.5%) below its all-time record high. Statistically, a 33 to 36 point decline in the S&P equals a maximum price excursion.

However, in the context of Wednesday’s market development, the pull-back (sell-off) to 2085 was 22 points below the prior day’s high at 2107. Monday’s sell-off was

04-MAR-2015 | Wednesday’s Morning Briefing

The major U.S. benchmark indexes closed lower on Tuesday. The Nasdaq Composite ended the session at 4979: down -28 points (0.56%).  The Dow closed at 18203: down -85 points. The Broad Benchmark S&P 500 finished the session at 2007: down -9 point (0.45%).

While the all the major market ended low there was a notable difference in Tuesday’s market activity at today’s low versus the narrow range development observed at the recent high.

In the case of the S&P 500, the selling pressure was present at the open. S&P futures had sold down fromMonday’s high at 2115 during the overnight session.

The minor intraday support level at 2107, noted inMonday’s commentary was breached. S&P futures traded down to what had been the prior high at or near 2100-2098. The prior high was modestly breached with the S&P trading down to 2096, before

Tuesday’s Morning Briefing

S&P futures have sold-off modestly in the overnight session, pulling back from yesterday’s high at 2115 and traded down to 2107, as of this post.

On Monday, the S&P sold below Friday’s close and re-tested support at 2100. The market spent very little time at the low. S&P futures auctioned up to 2112, pulled back to 2107, before trading above what has been minor resistance at 2112 and auctioning up to 2115.

The major U.S. Indexes closed above the prior day’s close. The NASDAQ Composite rallied up to 5008: +44 points (0.90%). The DOW closed at 18288: +155 points (0.86%) and the broad benchmark S&P 500 finished the session at 2117: +12 points (061%).

The initial pull back to the prior high at 2100 was therefore meet with a buy response. On the NYSE advancing issues (4028) outnumbered