scottoddscom
26 posts
msg #138836
- Ignore scottoddscom |
10/24/2017 5:10:23 PM
Not trying to high jack the thread, but I just shorted the market heavily (at much more than 3x) because I have (very sophisticated) back tested filters that throughout history (back to the 1980s) have timed it correctly based on a special volume/price pattern and fundamentals. I plan to retire on a tropical island if this works out again by the end of year... Fingers cross... Join me if you dare. Awaiting your brutal feedback. ;-)
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Kevin_in_GA
4,599 posts
msg #138837
- Ignore Kevin_in_GA |
10/24/2017 5:28:40 PM
I sold 9 units today at $108.32 - getting concerned that this might be a prolonged or deeper pullback and already saw about half my gains evaporate since Friday.
Still holding 5 units at an average price of $109.60. Bought 3 units at the open today which hurt my cost average on these.
I am not following the system rigorously since I exiting before the system filters triggers to do so, but I allow myself the option of exiting at a profit.
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chi-town
44 posts
msg #138838
- Ignore chi-town |
10/24/2017 6:36:19 PM
Kevin,
Does your system short the XIV?
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Kevin_in_GA
4,599 posts
msg #138839
- Ignore Kevin_in_GA |
10/24/2017 7:00:42 PM
No - long only. The reason is that there have not been many times when shorting XIV made sense over the last five years. It is primarily driven by contango, which has been positive almost 90% of the time since 2011. Not a lot of data for developing XIV shorting systems with any decent stats.
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shillllihs
5,979 posts
msg #138841
- Ignore shillllihs |
10/24/2017 8:13:58 PM
Thanx PT. But I advise caution on this trade.
Scott, can you expound or translate the system into SF. code?
Kevin, does your system work in any market or will you switch to something else?
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Kevin_in_GA
4,599 posts
msg #138844
- Ignore Kevin_in_GA |
10/24/2017 9:28:20 PM
XIV has only been in existence since late 2010, so only during a strong bull market. How these filters would work during a protracted downturn is unknown.
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chi-town
44 posts
msg #138854
- Ignore chi-town |
10/25/2017 11:24:44 AM
I guess this works? VXX:SPY chart from Stockcharts.com
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pthomas215
1,251 posts
msg #138855
- Ignore pthomas215 |
10/25/2017 11:30:58 AM
what peaked my interest on vix yesterday was the 2 day chart starting to come around combined with a 4 hour crossover of the PPO (moving avg).
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chi-town
44 posts
msg #138856
- Ignore chi-town |
10/25/2017 11:54:59 AM
Nice trade Shills
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chi-town
44 posts
msg #138857
- Ignore chi-town |
10/25/2017 12:03:05 PM
As well as pthomas215
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