StockFetcher Forums · General Discussion · 10 trading rules<< 1 2 3 >>Post Follow-up
rtucker
318 posts
msg #57914
Ignore rtucker
modified
12/10/2007 7:43:15 PM

BetYB$$$,

I was a fellow sufferer in BIDZ as I caught a falling knife to the tune of 2 bucks a share! ..... But now I can barely remember BUDZ or whatever...

Take off your shoe if there is a stone in it...

or.. beter yet.. "Dont slide down a giant razor blade ass-backwards"

Now there is a visual that should prevent us from violating a number of trading rules.

TheRumpledOne
6,358 posts
msg #57919
Ignore TheRumpledOne
modified
12/10/2007 8:43:01 PM

nikoschopen

.. the chart tells you through lower lows and red candles that price is going down... you can't swim upstream!!

Nah, just go long at open + 0.1 and short at open - 0.1.
===================================================

Yes, you can do that with stocks that STATISTICALLY pay off.

Fetcher[

/* TRO STAT SCAN - GREEDIER BASTARD COUNT - MUDDY */

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl , CCa - CCb}

add column ClxCl

set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }

/* Long Profit Percent Statistics Display */

set{HiOp, high - open}
set{Long_Profit, HiOp }

set{B0A, count(Long_Profit > .05 , 100)}
set{B1A, count(Long_Profit > .1 , 100)}
set{B2A, count(Long_Profit > .2 , 100)}
set{B3A, count(Long_Profit > .3 , 100)}
set{B4A, count(Long_Profit > .4, 100)}
set{B5A, count(Long_Profit > .5, 100)}
set{B10A, count(Long_Profit > 1.00 , 100)}
set{B20A, count(Long_Profit > 2.00 , 100)}
set{B50A, count(Long_Profit > 5.00, 100)}

SET{GREED, B1A - B5A}

add column HiOp
ADD COLUMN GREED
and add column B0A {OVER.05}
and add column B1A {OVER.10}
and add column B2A {OVER.20}
and add column B3A {OVER.30}
and add column B4A {OVER.40}
and add column B5A {OVER.50}
and add column B10A {OVER1.00}
and add column B20A {OVER2.00}
and add column B50A {OVER5.00}

and add column separator

and add column volcnt
and add column volzero

/* SELECTION CRITERIA */

market is nasdaq 100

sort column 8 descending

]




Image and video hosting by TinyPic

The lower the GREED column, the more it pays off.

AAPL ... 96 out of last 100 days went $.10 or more and 80 of those times it went $.50 or more... much better odds than Vegas.



dbyrt
70 posts
msg #57920
Ignore dbyrt
12/10/2007 8:55:23 PM

How do you mean "The lower the GREED column, the more it pays off. "
I don't understand your calculation there TRO, subtracting the 50cent from 10cent count.

TheRumpledOne
6,358 posts
msg #57922
Ignore TheRumpledOne
modified
12/10/2007 9:38:47 PM

dbyrt:

For the price to reach $.50 or more, it first has to reach $.10, right?

But it can go past $.10 and NOT go past $.50

So...

If you subtract the number of times it reached $.50 or more from the number of times it reached $.10 or more, that gives you the number of times the price FAILED to reach $.50 or more

So...

The lower GREED is, then the more times the stock reached $.50 or more!!

From the example above:

AAPL ... 96 out of last 100 days went $.10 or more and 80 of those times it went $.50 or more

AAPL: 96 - 80 = 16. So AAPL failed to reach $.50 or more 16 times.

BIDU: 96 - 92 = 4. So BIDU failed to reach $.50 or more 4 times.

Does that explain it clearly?

Money no object, trade the stocks with the lower GREED.

I just prefer the way AAPL trades:

- Bid/Ask spread usually only .01,
- plenty of action,
- plenty of volume.

BIDU is too sporadic for my taste.

dbyrt
70 posts
msg #57923
Ignore dbyrt
12/10/2007 10:00:17 PM

ah......trouble is, the math doesn't really work...

"If you subtract the number of times it reached $.50 or more from the number of times it reached $.10 or more, that gives you the number of times the price FAILED to reach $.50 or more.........So...AAPL ... 96 out of last 100 days went $.10 or more and 80 of those times it went $.50 or more
AAPL: 96 - 80 = 16. So AAPL failed to reach $.50 or more 16 times."

Butl.......we also get 16, if
ANOTHERSTOCK: 32 - 16 = 16
But the stock doesn't often give us the return......but we still get 16.


TheRumpledOne
6,358 posts
msg #57925
Ignore TheRumpledOne
modified
12/10/2007 10:37:34 PM

ah......trouble is, the math doesn't really work...

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

I understand your point... I could divide over.50 by over.10 to get the percentage and that would solve the problem.

The reason I didn't divide is because I am sorting on the columns and get the best traders that way.

A stock need to reach $.10 at least 80 times for me to even consider trading it. So a 32 doesn't make the cut!

Does that make it clearer?



dbyrt
70 posts
msg #57939
Ignore dbyrt
12/11/2007 6:41:17 AM

yea.....that makes sense. I don't think the calculation is needed...........the best part of your filter is really its simplicity, e.g.:

set{B3A, count(Long_Profit > .3 , 100)}
set{B4A, count(Long_Profit > .4, 100)}
set{B5A, count(Long_Profit > .5, 100)}
set{B10A, count(Long_Profit > 1.00 , 100) etc......

Just pick your 'greed', and find the stock that makes that amount the most often., e.g, 0.4, - although I prefer the % version to the penny one.

luc1grunt
622 posts
msg #57940
Ignore luc1grunt
12/11/2007 7:06:52 AM

Very well explained Avery.

betyerbottomdollar
169 posts
msg #57943
Ignore betyerbottomdollar
12/11/2007 8:38:47 AM

I think that most of us follow the rule of Not "Listening to Opinion" since such important rules as "always use stops" are ignored.



TheRumpledOne
6,358 posts
msg #57944
Ignore TheRumpledOne
12/11/2007 8:42:10 AM

"yea.....that makes sense. I don't think the calculation is needed..........."

Yes, I agree if you are trading MANUALLY.

But if you want to automate SELECTION and/or TRADING, you have to feed the computer that kind of data so it can make the decisions. So that's one of the reasons my filters may seem a little "busy" or "complex" to some people. But the computer has no problem at all reading the results.



StockFetcher Forums · General Discussion · 10 trading rules<< 1 2 3 >>Post Follow-up

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