StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!!<< 1 ... 82 83 84 85 86 ... 102 >>Post Follow-up
tmclaas
1 posts
msg #87356
Ignore tmclaas
1/28/2010 7:06:15 PM

stratig do you have a email where i can contact you further? Thanks

Tom

stratiG
147 posts
msg #87402
Ignore stratiG
1/29/2010 11:57:49 AM

tmclaas
- Ignore tmclaas 1/28/2010 7:06:15 PM

stratig do you have a email where i can contact you further? Thanks

Tom
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If it is about this method, post your questions here so we can all learn.



stratiG
147 posts
msg #87410
Ignore stratiG
1/29/2010 12:42:03 PM

AMZN milk anyone?????

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mesayah
658 posts
msg #87413
Ignore mesayah
modified
1/29/2010 12:56:40 PM

will you go long Strat or are done?

johnpaulca
10,082 posts
msg #87419
Ignore johnpaulca
1/29/2010 1:19:37 PM

M...this method was designed to trade the openning.

stratiG
147 posts
msg #87421
Ignore stratiG
1/29/2010 1:30:44 PM

I didn't trade it on the open, but will short until the gap fills. There is no long trade
available that would be supported by the stats. I made 5 short trades starting at
about 10:10 until now. I only have a small position left and I'm done for the day.

mesayah
658 posts
msg #87469
Ignore mesayah
1/30/2010 2:36:39 AM

Hey Strat, I have seen TRO make reference to how this method doesn't backtest. Is that true?

stratiG
147 posts
msg #87474
Ignore stratiG
1/30/2010 11:24:12 AM

mesayah
- Ignore mesayah 1/30/2010 2:36:39 AM

Hey Strat, I have seen TRO make reference to how this method doesn't backtest. Is that true?
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Sorry...I haven't tried to do an automated backtest.

mesayah
658 posts
msg #87481
Ignore mesayah
1/30/2010 2:46:15 PM

A backtest would be beneficial. Are you ever concerned with a collapse of a stock? I mean puting so much of your eggs in one basket? Wouldn't an ETF be safer intraday?

Kevin_in_GA
3,743 posts
msg #87482
Ignore Kevin_in_GA
modified
1/30/2010 3:18:10 PM

mesayah:

I think you missed one key component of this strategy - your stop loss is set at 0.20 above (or below) your entry. If the stock gaps down, you do not go short. You can only trade long, and only after it crosses the 0.10 ABOVE the open. Your stop is then set at 0.10 BELOW the open.

This is the component of this strategy that I like the most - you can let the stock run back to fade the gap, but it cannot cost you more than 0.20/share on the trade if you are wrong.

So what if the stock collapses on a given day - you have built-in protection if you trade the system as TRO developed it. If it gaps down and keeps going, you never entered a trade because it did not trigger the signal to do so.

StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!!<< 1 ... 82 83 84 85 86 ... 102 >>Post Follow-up

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