TheRumpledOne
6,529 posts
msg #81476
- Ignore TheRumpledOne |
10/20/2009 11:40:45 PM
So you are making money using this idea?
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Kevin_in_GA
4,599 posts
msg #81479
- Ignore Kevin_in_GA |
10/21/2009 7:19:19 AM
So you are making money using this idea?
+++++++++++++++++++++
Not yet. Took positions in the top 3 last week, only MED paid out. No positions this week on this strategy.
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LebowskiUrbanAchievers
56 posts
msg #81539
- Ignore LebowskiUrbanAchievers |
10/22/2009 9:18:09 AM
So let me ask this on operations using this filter. Are you scanning on the weekend and buying at the open? Seems like there a couple of stocks making the target each week.
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rkurtz76
13 posts
msg #81541
- Ignore rkurtz76 |
10/22/2009 10:08:24 AM
I took kfn this week and made 7%. I'm taking 25% off at 5% and another 25% at 7% and then trading the last 50%. After 5% I set a 2% trailing stop.
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Kevin_in_GA
4,599 posts
msg #81547
- Ignore Kevin_in_GA |
10/22/2009 11:31:10 AM
I think that MED and CNO are smoked for the week. They would have to move 10% up to hit the target - not likely.
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rkurtz76
13 posts
msg #81664
- Ignore rkurtz76 |
10/23/2009 8:40:28 PM
I'll be taking KFN again next week.
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Kevin_in_GA
4,599 posts
msg #81675
- Ignore Kevin_in_GA |
10/24/2009 9:43:06 AM
KFN is a good choice - it has hit its 5% target every week for the last 13 weeks.
I also like FUQI - while it missed two weeks ago, it has hit the 5% target 25 of the last 26 weeks. Because of the weighted average approach here, a recent miss carries lots more weight than an older one, knocking FUQI out of the top list for a while. Keep an eye on it, though.
The results for this week, to be considered for entry on Monday:
Symbol performance reward risk
KFN 19.5 3.00 0.15
PSUN 38.0 2.92 0.08
SVM 38.0 2.92 0.08
Other candidates for consideration:
Symbol performance reward risk
BEXP 5.07 2.92 0.58
SRZ 4 2.92 0.73
SCSS 3.30 2.92 0.88
SBGI 3.30 2.92 0.88
SSP 18.5 2.85 0.15
BLC 18.5 2.85 0.15
GY 12.33 2.85 0.23
APWR 12.33 2.85 0.23
EXXI 9.25 2.85 0.31
FTWR 3.89 2.85 0.73
TRID 3.89 2.85 0.73
NVAX 3.89 2.85 0.73
ZLC 3.89 2.85 0.73
XTXI 3.89 2.85 0.73
GKK 1.51 2.85 1.88
BEE 1.51 2.85 1.88
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rkurtz76
13 posts
msg #81762
- Ignore rkurtz76 |
10/26/2009 10:07:51 AM
My KFN order got filled at $5.11, just awesome!
I'm trying to decide if I should start taking profit at 5% of my fill price. I probably will and then going forward will start taking profits at which ever is lower, the fill price or the open.
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rkurtz76
13 posts
msg #81765
- Ignore rkurtz76 |
10/26/2009 12:22:01 PM
The market took a huge dump at 11:30 severely hurting my chances of getting 5%. Let's hope for a comeback!
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kmcninvest
43 posts
msg #82055
- Ignore kmcninvest |
10/29/2009 6:04:35 PM
Kevin:
Great job with the weighted score. One suggestion that I would make for those using this strategy is to play the shorts also. Run the scan for the shorts and longs at the end of each week. I count how many of the top 100 hit 5% in each list. Based on that I go with which way I will trade. At the end of last week the shorts had a 91% hit rate and the longs were 52%. So this week would have been a short week (out of town so I did not trade). As of yesterday 96% of shorts hit 5% and 31% of longs hit 5% (today would have changed that somewhat). I think I will use Kevin's weighted list to actually trade but create a short version (he mave already and I missed it). I will use the top 100 for both lists to monitor the market. I do not know how this would be back tested but I think it would definitely boost that stats that Kevin posted at the beginning of thread.
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