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  1. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    Prediction for 10/12 INTC- close lower. SL/PT = $0.8 AMD- close lower. SL/PT = $1.5 FB - close lower. SL/PT = $8 MSFT - close lower. SL/PT = $3.5
  2. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    Unfortunately all the trade turn out to be loser. INTC: Lose AMD-Lose FB- Lose MSFT - Lose Current win rate = 0%
  3. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    Or you can set the stop loss and target using the standard variation (1:1 ratio)
  4. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    The model won't work for index
  5. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    Calculate the standard deviation (aka Volatility), the Risk/Reward is 1:1.
  6. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    I have to keep the model as "trade" secret. Inputs will be from different sources (not just purely standard close/open/high/low price)
  7. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    10/9 Prediction INTC - close lower AMD - close lower FB - close lower MSFT - close lower Note: "INTC - close lower" means the model predict INTC will close lower than the current close price ($52.82 as in 10/9) on next Monday close (10/12)
  8. galvinlee888

    Daily Journal With New Model (not Technical or FundamentalAnalysis)

    Currently I have developed a new model (not technical nor fundamental) that able to predict the price direction for particular stock in the next trading day with accuracy > 60%. For example, the close price for stock ABC is $105 today, the model will predict if ABC will close higher or lower...
  9. galvinlee888

    20% per month trading half of the time with a 75% winrate and under 1% drawdown

    May I know how many trades you have done so far? What is you risk/reward ratio?
  10. galvinlee888

    How many traders are actually making a living?

    2 to 3 % of commission & slippage already nail down that you can't win in long term Look at roulette, ask yourself do you ever see anyone win the house in casino? Rouette only give the house less than 3% edge and they already in 'never loss' land. Same concept applies to trading, broker and...
  11. galvinlee888

    Karen the Supertrader - TastyTrade Hybrid Experiment

    Ngmm.. Short volatility trading. I have been in trading for nearly 18 years and have seen a lot of short volatility trader, unfortunately the story always the same, small win consistently (in their dream) until sh** hits the fan ..
  12. galvinlee888

    The NO. 1 Secret Of Success In Trading

    Missing one piece of information, what is your average risk/reward ratio ?
  13. galvinlee888

    Trading Ranges, Support, and Resistance

    Do you ever profit by this "range bond" strategy (sell low buy high) ? If not, PM me and I will tell you why. Don't want to comment here as we have too many idiots and person which special interest such as education seller, broker/bucket shop/trading related firm poster, loser that pretend to...
  14. galvinlee888

    Pyramiding: Playing with the market’s money

    Simple story. Just let both camp look at the Dow Jones indices from yesterday using same chart, let say daily chart. Trend Trader - Long. Buy High Sell Low.Win rate < 50% but with good risk/reward Countertrend Traders - Short. Sell High Buy Low. Win rate > 50% but with bad risk/reward Most of...
  15. galvinlee888

    Pyramiding: Playing with the market’s money

    In theory - yes In real life, it is almost impossible to say if the market is trend or range bond. You can only know the market is trend or range from hindsight. Ask yourself a simple question, what is the current trend of EUR/USD ? If you ask 100 traders, you will get mix answers between range...
  16. galvinlee888

    Pyramiding: Playing with the market’s money

    This will work well in trending market. You will lose big in ranging market. Unfortunately you will lose in long term as the market will trend half of the time and range bond in another half of the time, and you have to pay commissions and slippage.
  17. galvinlee888

    What was your investment/trading gains in 2017?

    +31%, about +3% per month, one month ( June) down 4% due to emotional trading...
  18. galvinlee888

    BABA

    Very good post, it is quite a while i never see good quality post in ET
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