spreadseller
3 posts
msg #115743
- Ignore spreadseller
modified |
10/8/2013 11:55:10 AM
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spreadseller
3 posts
msg #115744
- Ignore spreadseller
modified |
10/8/2013 11:59:13 AM
deleted
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DMUNCASTER
34 posts
msg #115750
- Ignore DMUNCASTER |
10/8/2013 2:03:50 PM
I've been playing with TRO's original long. Changing a couple of things, I get 100%, with a 2% profit goal. I use the high of the Friday stocks and use a buy stop at that high. About half of Fridays's choices never get bought the following week. I checked out the past 3 Fridays, ending with 10/4/13 and got 17 winners, no losers. I wouldn't know how to backtest other than manually. It would be nice if someone knows an easy way to check this back further. One problem with this (isn't there always), a high %age of the stocks that are in the 17 winners are priced between 2 and 5 dollars, so a 2% gain can be between $.04 and $.10. I believe that entering a sell stop for your 2% profit will run into problems with the bid/asked spread. Since your sell stop becomes a market order at the asked price, you might actually end up with a loss instead of a 2% gain. Anybody have any thoughts on this? Then there's commissions and slippage....
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oldsmar52
104 posts
msg #115756
- Ignore oldsmar52 |
10/8/2013 4:33:09 PM
That last post is the best example of one of my pet peeves: Did you notice how long it took before someone wanted to make some changes to a filter that can make you a 100% proift in a year as it is? Not long at all.
DUST was a 2% profit today from yesterday's open. Keep 2%'ing along.
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mahkoh
1,065 posts
msg #115757
- Ignore mahkoh |
10/8/2013 5:23:38 PM
But DUST scores 42 out of 52 for a 3.5 % profit target, that is 80 %. I guess one could look at an optimal risk/reward ratio for each individual stock.
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olathegolf
119 posts
msg #115761
- Ignore olathegolf
modified |
10/8/2013 11:03:07 PM
olathegolf: oldsmar52, congratulations on your success. Please explain your exit strategy if you did not make 2% on a trade. Did you simply set a sell order at 2% and then close the trade at the end of the week if the sell order did not trigger?
oldsmar52: For OLATHEGOLF: I just put in a good till canceled order at a 2% profit.
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oldsmar52, makes sense that you set a GTC @2%. However, there have been times when a stock does not recover and trigger the 2% gain. While you have enjoyed exceptional success, I'm guessing your win percentage is not 100%. So, what is your exit strategy if a stock drops and does not recover? At what point do you take a loss and live another day? Thanks again for sharing.
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durgin
60 posts
msg #115763
- Ignore durgin |
10/9/2013 12:25:49 AM
Frank,
The major way that people were able to identify Bernie Madoff as a fake was that he continuously reported annual returns of 10%. You reported consistent annual returns of 100%. At the same time, you limited the upside to 2% while not using a stop to limit downside risk. Just today, the average loss of this week's selected stocks was about 4%.
There are several other clues that suggest being skeptical of your claims such as looking at your past posts to this board.
I was skeptical from the start but thought you should get the benefit of the doubt. However your claims keep looking less likely. So I wonder if you really are going to buy a residence at The Villages in Florida. If so, when you get to Ocala drive south not north!
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shainadir
25 posts
msg #115764
- Ignore shainadir
modified |
10/9/2013 1:29:53 AM
Durgin,
You need to reread his post. He buys at market on Monday mornings and sells as soon as he reaches his goal of 2%. For this past Monday morning, the first 10 under the twopercent column: CSIQ, DUST, EVC, CPRX, HSOL, GSAT, ZHNE, VIPS, PACB, RSOL. All except GSAT, have already reached the 2% goal.
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oldsmar52
104 posts
msg #115768
- Ignore oldsmar52 |
10/9/2013 10:02:58 AM
For Mahkoh: Not exactly sure what your comment about DUST means? I think you mean that DUST gained 3.5% for the one day? My goal was/is to take 2% & get out.....
For Durgin: The only thing you're right about is driving south not north.....my typo/mistake. I would suggest you stay out of the stock buying as you've proven you can't read & comprehend what's in front of you. As you said, "Just today, the average loss of this week's selected stocks was about 4%." I had already been in and out of them with a 2% gain before that happened. Whether I'm able to convince you of what this filter with it's probabilities for profit can do, would be the last of my concerns. If a person is willing to accept 2% per week its pretty easy to see what compounding can do. Most people would think, however, "2%.....that's not much!!" Oh well, you're free to see it however you want.
For anyone interested: Lord knows I'm not attempting to sell anything or trying to MAKE you believe anything. The only thing I'm offering to stick in your head is to get an understanding of what 2% can amount to over time & if I can have a minimum 80% chance of making that 2% every week, that that's about as good as the statistics can get.
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DMUNCASTER
34 posts
msg #115775
- Ignore DMUNCASTER |
10/9/2013 11:32:40 AM
oldsmar52 Give me a break! You make it sound like I'm trying to rewrite the Bill of Rights. Your 100% a year assumes no losing trades using TRO's original code. Even a casual check shows many losses. Even if you could make 100% a year, why would it peeve you to see an improvement on that?
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