UNITED
81 posts
msg #50615
- Ignore UNITED |
3/20/2007 11:29:53 PM
Has anyone checked this one out yet? Ck out Java,in the #1 position.Is this guys trading for real or what? Very interesting blogs also.Any comment???
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binhp
71 posts
msg #50617
- Ignore binhp |
3/21/2007 12:12:52 AM
I have posted javaj link in this thread:
http://forums.stockfetcher.com/sfforums/?q=view&fid=1001&tid=50435&qrid=
From my observations, he trades penny stocks that break out or stocks that have wide swings. Since all trades are being executed in a simulation environment, I am not sure that he can get the same ask price. Also, the trading volumes are very high and I don't know if one can fill them at the right price. Otherwise, I have to say that he can consistently making money everyday !!!
-B
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stocktrader
294 posts
msg #50633
- Ignore stocktrader
modified |
3/21/2007 10:44:48 PM
I've pulled the data into Excel and reduced it.
Java J Summary:
Trading Days: 53
Trade Gain Avg: 0.18%
Trades per Day Avg: 13.8
Capital Gain: 15x
Buy: 577 limits, no market
Sell: 432 limits, 100 market
Short: 149 limits, 10 market
Cover: 130 limits, 28 market
Symbols Traded: 187
Optimal f: 0.20 to 0.25 consistent
Price: >$1.00
Price Avg: $10.01
Less than 1% of trade activity occurs before 10AM.
Java J is "TRADING" and is not afraid to sell/cover when the trade fails.
Symbols traded are typically volatile daily. Key points here are that he is very strict with not trading before 10AM and strict with money management (optimal f).
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nikoschopen
2,824 posts
msg #50638
- Ignore nikoschopen |
3/22/2007 4:39:16 PM
Truth be told, simulated trading doesn't take into consideration the high-charged emotional elements that more often than not takes its toll on traders' psychology. This allows one to trade recklessly, albeit with luck in the case of this trader. Such a rosy scenario never translates very well in real trading, and it often brings unintended consequences, such as a one-way ticket to the poorhouse (presumably for free!).
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Niagara
49 posts
msg #50648
- Ignore Niagara |
3/23/2007 7:39:44 AM
Is there a reason why he would not want to trade before 10AM, and use limit orders, and not market orders. Also, other than gathering the stocks he has been trading into a list, is there a scan here for such a list. He seems to have his list and rescans it over and over for breaks one way or the other.
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Muddy
55 posts
msg #50649
- Ignore Muddy |
3/23/2007 8:07:48 AM
"He seems to have his list and rescans it over and over for breaks one way or the other."
Is there a lightbulb coming on?
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stocktrader
294 posts
msg #50652
- Ignore stocktrader |
3/23/2007 10:21:15 AM
Niagara Asks:
- 3/23/2007 4:39:44 AM
Is there a reason why he would not want to trade before 10AM, and use limit orders, and not market orders. Also, other than gathering the stocks he has been trading into a list, is there a scan here for such a list. He seems to have his list and rescans it over and over for breaks one way or the other.
Java J writes:
Occasionally I will buy right after the market opens, or just prior to the close, but I do not do
"Buy on Market Open" or "Buy on Market Close" trades...my primary reason I do not like to do
this is because the market makers and specialists play alot of "games" with pricing at these
points.
Monitoring suspects via price/volume alerts - I do this through use of the Streamer matrix
software I use...this is a TD Ameritrade product...I maintain a rolling list of stocks that I
consider "suspects" and closely monitor them with price/volume alerts and by reviewing their
intra-day charts as much as I can...throughout the trading day I will roll-off stocks that I think
are becoming less "suspect" and I will roll-on stocks that I think are becoming more "suspect"...
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UNITED
81 posts
msg #50655
- Ignore UNITED |
3/23/2007 5:05:07 PM
The reason Java won't enter a trade before 10AM sounds like a good strategy.The first half hour of trading is always the most volatile.Unless you have a method for exploiting the open,it's best to let a stock settle down before you enter a position.To put in a market order on open is a good way to get your head handed to you.This is one of the reasons the public loses money to the pros.........
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Niagara
49 posts
msg #50657
- Ignore Niagara |
3/23/2007 6:25:49 PM
Thanks for the followup. I knew it was being followed, but I just did not know how. The alert systems built into the online trading software is probably a good start. If you are a scalper, trade before 10AM, all others wait. The problem is for those who work and are away from easy access to a computer.
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