This market is not being kind to my strategy right now. I do not think this has anything to do with the strategy other than picking a bad time to start trading it. Any long position would be suffering right now
I picked a good time to start trading this strategy with the market entering a correction potentially. However, as long as I continue to stick to the strategy, it will out-perform over the long run
Tomorrow will be a very BUSY day. I have 9 stocks in total that I am watching for potential entries:
RTN,SLE,EQR,DHR,DIS,GWW,HRS,VLO, and JNS
I likely take 2 or 3 of these signals tomorrow depending on how the market behaves.
My strategy did not perform very well this week, but at least it is outperforming the S&P
Thus far I have used 128 patterns which focused on oversold conditions. Going forward, I have now added another 33 patterns and broken it out into two methods. An <a...
I was stopped out of NEM and APOL this morning for a combined loss of $200
I purchased 200 shares of GNW at $8.05, stop set at $7.42
I purchased 100 shares of BTU at 28.77 stop set at 27.57
Only one stock GNW is on my watch list for tomorrow. More details on my blog <a href="http://www.mystockanalysis.com/stocks-to-buy/stocks-buy-4212/">Stock Analysis 4/2/12</a>
You make a valid point. While designing this method, the gap risk was apparent. I had considered purchasing deep in the money call options as a way to limit this exposure.
It would produce a near 1 to 1 move with the underlying with a very small premium. But there would be some slippage...
I currently have 128 unique patterns that have been trained on S&P data, ES futures data, NYSE-TRIN, and NYSE-TICK.
Each of these patterns were trained to find a "statistically valid" edge in the market. Most of these edges are relatively minor, such as increasing the chance the stock will be...
Taken from my blog <a href="http://www.mystockanalysis.com">www.mystockanalysis.com</a>
GAS: Purchased 192 shares at $38.82, stop $38.29
APOL: Purchased 48 shares at $39.02, stop $36.98
NEM: Purchased 40 shares at $51.50, stop $48.97
You will notice the number of shares purchased is...
Yes, my trades will be posted but somewhat delayed. After placing my trade, I tweet it on my twitter account @MyStockAnalysis real time. Then will repost here as a summary or if its a slow day real time.