ahcsim72
151 posts
msg #147173
- Ignore ahcsim72 |
4/1/2019 11:41:52 PM
What about $VIPS and $MDR..What is your opinion on them?
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KSK8
561 posts
msg #147179
- Ignore KSK8 |
4/2/2019 4:40:18 PM
It did indeed drop at the open as I expected it to do, but it didn't drop enough as I had hoped and it didn't hold either. Since it was a breakeven trade, I'll count it as a defeat.
As for your question ahcsim72,
Even though both stocks had an RSI(2) value of over 95 (an overextended condition), it lacks other factors that give me the confidence of a sudden drop so I wouldn't be 100% assertive short selling it. And since it wasn't a mania play, the drop wouldn't be as rewarding.
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shillllihs
6,102 posts
msg #147180
- Ignore shillllihs |
4/2/2019 4:45:00 PM
Keeping in theme, subtract 2.5% per trade being 22.5%, compounded removing about 40% from gains.
Also take into account the occasional 20-50% loss making safer trading styles more attractive than shorting penny stocks. My 2cents, no pun intended.
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KSK8
561 posts
msg #147182
- Ignore KSK8 |
4/2/2019 5:33:14 PM
shillllihs,
Incorrect. It's never a fixed commission. For this specific trade, 2.5% was a rather expensive one IMO but I took it because I anticipated a harsh drop in price would occur essentially taking care of the fee + a handsome profit. The prospect of the portfolio's emerging success still reigns strong.
You did your math correctly though, I'll grant you that.
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olathegolf
119 posts
msg #147195
- Ignore olathegolf |
4/3/2019 9:22:23 PM
Good luck with YRIZ. RSI2=99.36. ROC1,1=55.01. Slopes of MA50 and 200 are negative.
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olathegolf
119 posts
msg #147271
- Ignore olathegolf |
4/9/2019 6:57:40 PM
Congrats on another win.
Good luck with PRPO.
RSI2 98.7
ROC1,1 31.2
Liquidity 21+M
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Lapre506
48 posts
msg #147273
- Ignore Lapre506 |
4/9/2019 8:22:54 PM
I've been paper trading a few versions of your filter. But I have a question. VTL showed up on almost all your filters on Friday 4/5. I shorted it Mon morning at open @.55 and it got as high as .91 and closed at .73 for a 40% loss. You ended up shorting it on 4/9 avoiding the big loss on Mon... Is there a different filter you are trading? What made you wait that extra day and not attempt to short it on Mon?
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KSK8
561 posts
msg #147279
- Ignore KSK8 |
4/9/2019 10:46:28 PM
Lapre506,
I have been using a different and better filter, for obvious reasons. I've mentioned so in a prior post. As for VTL, had you kept playing the filter, you'd be surprised of how quickly you'd recover from such a loss.
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olathegolf
119 posts
msg #147281
- Ignore olathegolf |
4/10/2019 12:38:28 AM
Are you also using different exit criteria than EOD? Looks like your VTL exit was close to the low for the day.
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KSK8
561 posts
msg #147293
- Ignore KSK8 |
4/10/2019 11:03:11 AM
Price action.
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