| StockFetcher Forums · General Discussion · 10 trading rules | << 1 2 3 >>Post Follow-up |
| rtucker 318 posts msg #57914 - Ignore rtucker modified |
12/10/2007 7:43:15 PM BetYB$$$, I was a fellow sufferer in BIDZ as I caught a falling knife to the tune of 2 bucks a share! ..... But now I can barely remember BUDZ or whatever... Take off your shoe if there is a stone in it... or.. beter yet.. "Dont slide down a giant razor blade ass-backwards" Now there is a visual that should prevent us from violating a number of trading rules. |
| TheRumpledOne 6,411 posts msg #57919 - Ignore TheRumpledOne modified |
12/10/2007 8:43:01 PM nikoschopen .. the chart tells you through lower lows and red candles that price is going down... you can't swim upstream!! Nah, just go long at open + 0.1 and short at open - 0.1. =================================================== Yes, you can do that with stocks that STATISTICALLY pay off. 
The lower the GREED column, the more it pays off. AAPL ... 96 out of last 100 days went $.10 or more and 80 of those times it went $.50 or more... much better odds than Vegas. |
| dbyrt 70 posts msg #57920 - Ignore dbyrt |
12/10/2007 8:55:23 PM How do you mean "The lower the GREED column, the more it pays off. " I don't understand your calculation there TRO, subtracting the 50cent from 10cent count. |
| TheRumpledOne 6,411 posts msg #57922 - Ignore TheRumpledOne modified |
12/10/2007 9:38:47 PM dbyrt: For the price to reach $.50 or more, it first has to reach $.10, right? But it can go past $.10 and NOT go past $.50 So... If you subtract the number of times it reached $.50 or more from the number of times it reached $.10 or more, that gives you the number of times the price FAILED to reach $.50 or more So... The lower GREED is, then the more times the stock reached $.50 or more!! From the example above: AAPL ... 96 out of last 100 days went $.10 or more and 80 of those times it went $.50 or more AAPL: 96 - 80 = 16. So AAPL failed to reach $.50 or more 16 times. BIDU: 96 - 92 = 4. So BIDU failed to reach $.50 or more 4 times. Does that explain it clearly? Money no object, trade the stocks with the lower GREED. I just prefer the way AAPL trades: - Bid/Ask spread usually only .01, - plenty of action, - plenty of volume. BIDU is too sporadic for my taste. |
| dbyrt 70 posts msg #57923 - Ignore dbyrt |
12/10/2007 10:00:17 PM ah......trouble is, the math doesn't really work... "If you subtract the number of times it reached $.50 or more from the number of times it reached $.10 or more, that gives you the number of times the price FAILED to reach $.50 or more.........So...AAPL ... 96 out of last 100 days went $.10 or more and 80 of those times it went $.50 or more AAPL: 96 - 80 = 16. So AAPL failed to reach $.50 or more 16 times." Butl.......we also get 16, if ANOTHERSTOCK: 32 - 16 = 16 But the stock doesn't often give us the return......but we still get 16. |
| TheRumpledOne 6,411 posts msg #57925 - Ignore TheRumpledOne modified |
12/10/2007 10:37:34 PM ah......trouble is, the math doesn't really work... ====================================== I understand your point... I could divide over.50 by over.10 to get the percentage and that would solve the problem. The reason I didn't divide is because I am sorting on the columns and get the best traders that way. A stock need to reach $.10 at least 80 times for me to even consider trading it. So a 32 doesn't make the cut! Does that make it clearer? |
| dbyrt 70 posts msg #57939 - Ignore dbyrt |
12/11/2007 6:41:17 AM yea.....that makes sense. I don't think the calculation is needed...........the best part of your filter is really its simplicity, e.g.: set{B3A, count(Long_Profit > .3 , 100)} set{B4A, count(Long_Profit > .4, 100)} set{B5A, count(Long_Profit > .5, 100)} set{B10A, count(Long_Profit > 1.00 , 100) etc...... Just pick your 'greed', and find the stock that makes that amount the most often., e.g, 0.4, - although I prefer the % version to the penny one. |
| luc1grunt 622 posts msg #57940 - Ignore luc1grunt |
12/11/2007 7:06:52 AM Very well explained Avery. |
| betyerbottomdollar 169 posts msg #57943 - Ignore betyerbottomdollar |
12/11/2007 8:38:47 AM I think that most of us follow the rule of Not "Listening to Opinion" since such important rules as "always use stops" are ignored. |
| TheRumpledOne 6,411 posts msg #57944 - Ignore TheRumpledOne |
12/11/2007 8:42:10 AM "yea.....that makes sense. I don't think the calculation is needed..........." Yes, I agree if you are trading MANUALLY. But if you want to automate SELECTION and/or TRADING, you have to feed the computer that kind of data so it can make the decisions. So that's one of the reasons my filters may seem a little "busy" or "complex" to some people. But the computer has no problem at all reading the results. |
| StockFetcher Forums · General Discussion · 10 trading rules | << 1 2 3 >>Post Follow-up |