stockfetcher1109
28 posts
msg #104104
- Ignore stockfetcher1109 |
1/1/2012 12:35:16 AM
GMG , did good trading options in the past using fundmentals-no indicators. Now trying to learn day trading. Thanks alot for your help. SF1109
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gmg733
788 posts
msg #104129
- Ignore gmg733 |
1/1/2012 4:05:19 PM
If you want to day trade, I would read up on TRO's milk the cows thread. If I did day trade, I would most likely use this method.
I do not day trade. Read some of TRO,13th floor, johnpaulca and emans work for a better perspective on day trading. I know 13th floor and muddy used a modified version of TROs run forest run filter to day trade.
I hope this helps. Lots of good ideas in the forums.
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mathgeek
11 posts
msg #104131
- Ignore mathgeek
modified |
1/1/2012 4:17:11 PM
Just wondering,
does TRO still have his TWO PERCENT CLUB group on PalTalk? I was looking for it and couldn't find it.
Thanks,
Thomas
==================================
figured it out.
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stockfetcher1109
28 posts
msg #104132
- Ignore stockfetcher1109 |
1/1/2012 4:17:33 PM
GMG- Will do thanks for your valuable time, been really scouring the forums, I have written some of my own filters and downloaded the manual but would take me years to reach to the skill level of some of even the basic filters some of these masters post. If you dont mind what approach do you take? sounds like you are a swing trader?
SF1109 - New Orleans, La
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TheRumpledOne
6,529 posts
msg #104151
- Ignore TheRumpledOne |
1/2/2012 1:38:38 AM
Yes, I still have the TWO PERCENT CLUB on PalTalk. It is usually open when the forex market is open. I was at the Phoenix Cardinals game today and didn't open it until now.
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TheRumpledOne
6,529 posts
msg #105462
- Ignore TheRumpledOne |
3/16/2012 8:04:24 AM
*** POP
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th3moneytrain
10 posts
msg #105636
- Ignore th3moneytrain |
3/23/2012 9:13:24 PM
Hello All, New to the community and eager to learn and contribute. This thread is fascinating, yet overwhelming. I've spent literally 6 hours reading posts and trying to make sense of the code. However, I haven't been making much progress in regards to why the code was written as such and how effective they are. Therefore, I thought it would be best to introduce myself and my goals so that maybe I can be pointed in the right direction. I'm an options trader constantly looking for options plays, however, I haven't had much luck recently. I get 2 out of 10 right, which is okay...but not very profitable. Any suggestions for filters would be greatly appreciated. Thanks in advance.
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rrobin
1 posts
msg #106425
- Ignore rrobin |
5/26/2012 9:22:04 AM
pop
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dave_r
1 posts
msg #114841
- Ignore dave_r |
8/11/2013 8:27:24 PM
I have a question about the risk side ofTheRumpledOne's one percent pop filter (see below).
Currently Today's filter is showing for LITB:
1% Pops = 94%
Last = 20.94
AvgRng = 1.96
... so the average range is approx 10% of the stock price. Over a hundred days, I would expect to make 1% on 94 of those days. But on 6 of those days lose up to 10%, if I set my stop loss to the average range.
So,
win = 1% x 94 = 94%
max loss = 10% x 6 = 60%
expected profit = 94 - 60 = 34% x amount staked.
However, I may not always be stopped out, when I do not make 1%, so maybe a more realistic figure is probably a loss of 40%, giving expected profit of around 54% x stake.
Can anyone, see holes in this calculation?
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mahkoh
1,065 posts
msg #114852
- Ignore mahkoh |
8/12/2013 4:43:37 PM
You can take the gaps up that were over 1% into account, those will close at the open for a larger profit.
As you'll be dealing with lower priced stocks you may want to consider commissions.
I tried this strategy and even created a short version to be "market neutral", choosing an equal number of overnight pops and drops. Worked like a charm for three weeks on paper, and then for some reason it stopped working the minute I started trading it with real money.
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