StockFetcher Forums · Filter Exchange · TRO'S CROCK POT 2.0<< 1 ... 4 5 6 7 8 >>Post Follow-up
Kevin_in_GA
4,543 posts
msg #116123
Ignore Kevin_in_GA
modified
10/21/2013 9:54:17 AM

SFUN - 74 shares (in at 57.68, profit target at 58.83)
DUST - 120 shares (in at 34.98, profit target at 35.68)
CSIQ - 183 shares (in at 23.73, profit target at 24.21)
QCOR - 65 shares (in at 64.56, profit target at 65.85)
YOKU - 140 shares (in at 30.14, profit target at 30.74)
WLT - 280 shares (in at 15.25, profit target at 15.56)

Here I am using the open prices from Yahoo as of 9:53 AM.

update at 12 PM - CSIQ hit the target, and YOKU and WLT came within 1 cent, but did not hit yet and are now lower.

BarTune1
403 posts
msg #116129
Ignore BarTune1
modified
10/21/2013 12:49:38 PM

I'm getting 23.85 as the open on CSIQ through TD.

Kevin_in_GA
4,543 posts
msg #116132
Ignore Kevin_in_GA
10/21/2013 1:30:10 PM

Stockcharts and Marketwatch also have it as opening at 23.85, so let's go with that.

Therefore the profit target is 23.85 * 1.02 = 24.33 and the high seems to be only 24.25, so none have hit yet.

Note - Yahoo and Finviz still showing this opening price as 23.73 but I'd go with the TD data since it is brokerage data. Thanks, Bartune

johnpaulca
11,293 posts
msg #116135
Ignore johnpaulca
10/21/2013 4:11:15 PM

TOS...opened at $23.85

alf44
2,025 posts
msg #116142
Ignore alf44
10/21/2013 8:36:20 PM

... TOS = TD Ameritrade ! fwiw

.

Kevin_in_GA
4,543 posts
msg #116150
Ignore Kevin_in_GA
modified
10/22/2013 9:24:53 AM

SFUN - 74 shares (in at 57.68, profit target at 58.83) - currently at 55.55
DUST - 120 shares (in at 34.98, profit target at 35.68) - currently at 32.88
CSIQ - 183 shares (in at 23.85, profit target at 24.21) - currently at 23.12
QCOR - 65 shares (in at 64.56, profit target at 65.85) - currently at 63.27
YOKU - 140 shares (in at 30.14, profit target at 30.74) - currently at 30.49
WLT - 280 shares (in at 15.25, profit target at 15.56) - currently at 14.97

New day, new opportunity to trip these profit targets. I will say that there is an inherent risk here regarding big drops that effectively wipe out all of the other small gains. Trade this system carefully for now (ideally paper trade it) since no one has been able to get decent backtest data published here yet.

DUST down 11+% today - currently at 29.15 as of this writing (now down 16.6%). This is clearly the Achilles' heel for this strategy - a single blow like this wipes out all prior gains over the past few weeks.

compound_gains
152 posts
msg #116170
Ignore compound_gains
10/22/2013 3:01:38 PM

DUST down 11+% today - currently at 29.15 as of this writing (now down 16.6%)

=====================================================================

IMO 2x and 3x ETFs are just too volatile for this type of filter.

Kevin_in_GA
4,543 posts
msg #116171
Ignore Kevin_in_GA
10/22/2013 3:51:39 PM

Or just take a position in both DUST and NUGT at the open and use 3% trailing stop loss on both. The loser stops out quickly while the other runs. Likely to make a net gain on the pair. And it could be done every day.

Somebody should test this ...

BarTune1
403 posts
msg #116172
Ignore BarTune1
10/22/2013 4:16:11 PM

Kevin, you made a suggestion like that 4 years ago on SPXU and UPRO .... or a pair like that. The equivalent position without the extra commissions is to place two on-stop buys at +3% on the pair.

alf44
2,025 posts
msg #116173
Ignore alf44
modified
10/22/2013 4:20:59 PM

Or just take a position in both DUST and NUGT at the open and use 3% trailing stop loss on both. The loser stops out quickly while the other runs. Likely to make a net gain on the pair. And it could be done every day.

---

Kinda like a Put/Call Spread !

.

StockFetcher Forums · Filter Exchange · TRO'S CROCK POT 2.0<< 1 ... 4 5 6 7 8 >>Post Follow-up

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