ThaGekko
139 posts
msg #130157
- Ignore ThaGekko |
7/29/2016 10:39:45 AM
Kevin - any special selection criteria for this one? I see you didn't short CRYO, which was on the list
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Kevin_in_GA
4,599 posts
msg #130158
- Ignore Kevin_in_GA |
7/29/2016 10:53:45 AM
CRY popped onto the list late so I had already mapped out my trades. No specific selection other than avoiding stocks that hit the list based on a merger/buyout.
Still testing this one out, to be completely honest. I like the basis for the trade (closing 2 days in a row above the upper BB(20,3)) as there is a statistical underpinning for a mean-reversion. Couple that with the typical emotional desire to take a profit on the part of investors (and algos) and it is a little safer in my opinion than trying to go long by reversing the code.
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ThaGekko
139 posts
msg #130160
- Ignore ThaGekko
modified |
7/29/2016 11:16:54 AM
makes sense. by reversing the Muddy filter comes to mind
Also, are you purchasing stock or buying puts?
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Kevin_in_GA
4,599 posts
msg #130161
- Ignore Kevin_in_GA
modified |
7/29/2016 11:21:28 AM
GTLS and OSK have popped up so far today from this filter. FYI.
@gecko - you can see from what I am reporting that I am shorting the stock rather than using options. Just personal choice - options can work well but I am more comfortable with trading stocks rather than dealing with things like the Greeks, time decay, etc.
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Kevin_in_GA
4,599 posts
msg #130171
- Ignore Kevin_in_GA |
7/29/2016 4:07:19 PM
Entered the following trades from this filter a few minutes before the close:
OSK - short 360 shares at $55.154
HWAY - short 1200 shares at $16.795
SPB - short 160 shares at $129.011
IART - short 200 shares at $84.403
I am trying to be completely transparent on this filter and my real results in trading it. Not sure about holding over the weekend but these all looked good as potential short candidates.
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arimont
57 posts
msg #130181
- Ignore arimont |
7/31/2016 3:40:26 AM
Sorry to nag but...
You run the filter near EOD, place the short orders, leave them overnight and kind of day-trade them the next day?
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Kevin_in_GA
4,599 posts
msg #130183
- Ignore Kevin_in_GA |
7/31/2016 10:36:49 AM
Pretty much.
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shillllihs
6,093 posts
msg #130184
- Ignore shillllihs
modified |
7/31/2016 11:07:23 AM
Unfortunately, what we are finding is though filters have a predisposition towards catching a trend
or a predictable movement, they all have flaws. There will always be outliers or results will vary based on market conditions.
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Kevin_in_GA
4,599 posts
msg #130186
- Ignore Kevin_in_GA |
7/31/2016 12:01:08 PM
This is true of all filters. There is no Holy Grail in this game. If there were it would already have been found.
The goal is to find an edge. Something reliable enough that trading it nets you a profit, even with the bad trades. Not sure if this short filter is truly reliable yet, but the performance over the last 6 months or so is sufficiently good for me to give it a whirl. I will most likely take 1-2% gains if offered rather than keep the trade in play until the close of trading. Others may choose to hold these for a few days to try to maximize gains.
I put this one out to the community with the expectation that others might improve upon it, and if so they would share the results as well.
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pthomas215
1,251 posts
msg #130187
- Ignore pthomas215 |
7/31/2016 12:13:25 PM
technical analysis alone is never going to be 100% foolproof. there are 3 elements effecting stock price and you guys only look at technicals. 1) fundamental analysis, 2) analyst recommendation of stock and 3) technical analysis. there is a reason why some ETF's continually show up on your filters but dont bounce.
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