cwn6161
40 posts
msg #95315
- Ignore cwn6161 |
8/2/2010 8:35:37 AM
For the week of 7/26/10 - 7/30/10:
FAZ - closed out with a loss
LPX - made 5% target
Total capital stands around $4923.
For this week - GKK long, FBN short
|
Kevin_in_GA
4,599 posts
msg #95322
- Ignore Kevin_in_GA |
8/2/2010 1:28:11 PM
You already made your 5% on GKK - open at 1.49, target at 1.57, high already at 1.58.
Looks like you're up about 2% on your FBN short play as well.
|
cwn6161
40 posts
msg #95399
- Ignore cwn6161 |
8/5/2010 10:26:23 AM
Yup, 5% on GKK, but FBN stopped me out at -10%. Capital stands at about $4795.
|
Kevin_in_GA
4,599 posts
msg #95407
- Ignore Kevin_in_GA |
8/5/2010 12:37:38 PM
One possible approach to avoid getting stopped out is to look at stocks where the LOW for the week is X% below the weekly open, and the HIGH is still 5% above the weekly open.
Then look for a pullback to X/2% from the open price, while still keeping the 5% above open as your profit target. Just figure out the average % difference between the weekly low and the weekly open over the last 26 weeks, and set a limit order to trigger if it pulls back to half that distance.
You may not get into as many trades, but your risk is mitigated and your potential return is higher.
|
cwn6161
40 posts
msg #95437
- Ignore cwn6161 |
8/6/2010 8:49:31 AM
That's a great idea! I'll look into writing a filter for that.
|
cwn6161
40 posts
msg #95559
- Ignore cwn6161 |
8/10/2010 8:16:19 AM
Haven't been able to look into what you've mentioned Kevin, busy couple of weeks. For this week - GKK (long) and PATH (short). PATH has already returned 5% on Monday.
|
cwn6161
40 posts
msg #95623
- Ignore cwn6161 |
8/13/2010 11:19:11 AM
stopped out of GKK. Capital at $4675.
|
cwn6161
40 posts
msg #95676
- Ignore cwn6161
modified |
8/16/2010 8:24:35 AM
for the week of 8/16/2010 - TZA long, PPC short
|
cwn6161
40 posts
msg #95791
- Ignore cwn6161 |
8/23/2010 1:14:05 PM
Both TZA and PPC were both 10% losses. PCC was extremely close to it's stop (open at 6.08, week high of 6.69) but in order to be strict I'll count it as a loss.
In choppy markets, this system doesn't seem to perform as well.
For this week, no longs were given, so all in shorting PATH.
|
seanban
22 posts
msg #97050
- Ignore seanban |
10/17/2010 2:33:53 PM
Just wondering if there is any evolution with this filter? I've back tested it and modified it to enter only if green for long.
|