| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 82 83 84 85 86 ... 105 >>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 --------------------------------------------------------------------------------------------------- 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?????  |
| mesayah 658 posts msg #87413 - Ignore mesayah modified |
1/29/2010 12:56:40 PM will you go long Strat or are done? |
| johnpaulca 12,036 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? -------------------------------------------------------------------------------------------------------------------------------- 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 4,599 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 ... 105 >>Post Follow-up |