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well. lot of folks who have tried to be trader and didnt make it, would hate you when you say that who have never tried, is very curious, but mostly I see they are negative about this based on history and many wives think this is one of the ways husbands lose money than what we make:)

very good answer

thk you. yes that makes sense

I hear you :) not easy to deal with when S&P goes opposite direction from our symbols

how well your SHORTS perform when S&P is strong UP trend ? how well your LONGS perform when S&P is strong DOWN trend ? I also do close to 50/50 ratio for long/short for now, but I am thinking to change to 70/30 as S&P UP days are much higher than S&P DOWN days. what do others think here

appreciate you detailing out and great example of correlation bet EWT and IYR. I see what you mean but I need to watch these symbols for some times and see what the corr means

i did notice that when I put those symbols in TWS, but other 00, anything close to 0, like 0.01 or so, but their price did go with S&P, but I would check for few weeks and see how non-correlated ones go against S&P

from my other thread about correlation, someone did great job of posting CC ranks of all symbols, attached here as you see the ones in RED are non-correlated per this ranking Rank Sym CC Sector Industry/Category...

But I did chose symbols all from only 2 industry “”Biotech and Drug manufacturers”” and I know they are very well correlated, so I need to work on this. I can pick up 5 from Bio, 5 from Gold sector, 5 from energy, 5 from financial and 5 from technology to see how my algo works but I also need...

Good point, but in that case, I doubt my algo based on (Dynamic SR and ATR) does good point on all symbols I tested. But my algo , I restricted to change only 1 parameter which is ATR multiplier and others static, to minimize curve fitting But I did chose symbols all from only 2 industry...

never done so long. who provides 10 years of hist data though

15min chart

15min charts for historical data

I was backtesting a set of 3 years and 1 year.. i test a set of 25 symbols at once but I have 20 sets like that in diff sectors

thk you and appreciate that is it only Kendall rank does this CC? is there any other one ranking CC . Just learning about this

great work, really. thks for sharing you have the whole universe in the list, all of NYSE, NASDAQ, ARCA for ETFs so can I say they are less correlated to SPY if the Correlation is >0.25 or so and 0.5 is the opposite like the last few in the list

well, the crazy Biotech didn't follow S&P and lot of them were up even when S&P. Bio didnt even have to make revenues to go up. hard to understand this sector, so I dont short this at all

very good detail about sectors and correlation. Thanks for sharing I just know about 2 groups for now, that I am currently working on. Biotech/medical and energy and also starting to research Gold sector and its ETF, like JDST, DUST

no idea what that means :) if you dont mind explaining and add a chart as an example

not sure how many here care about finding non-correlated stocks to diversify but i am testing my system so stocks NOT non-correlated so they all dont move up/down in same direction at same time here is 1 example from an old chart do you all do correlated or non-correlated stocks?