I meant he could screenshot charts of penny stocks that were pumped (I posted the list from yesterday), because the topic was the action in penny stocks, not specific trader or account.
I've seen total madness in low priced stock
- Thread starter Evermore2017
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I meant he could screenshot charts of penny stocks that were pumped (I posted the list from yesterday), because the topic was the action in penny stocks, not specific trader or account.
is an updated list like this posted online somewhere? thanks
Hey, yup, it's from my own trading algo/bot
https://deustrader.com/plutus_shortus.html
Someone else asked me if they can auto-download that page every 5 minutes and I said yes, so you could try doing the same if useful. My bot is shorting those stocks after they run up, but often they still go up before coming back down, so some traders may be going in opposite direction.
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The streamed/published trades are paper/reference trades, because I don’t know who will be able to short which stocks at which broker, so I just stream everything.
But the live performance should be similar when you short just a portion of those stocks. And I use IB as my broker, which offers decent short availability.
This algo is a little older (launched at the beginning of the year), while internally I trade multiple strategies that I have to continually maintain, improve, fix bugs, debug, fix data after stock splits or orders that were busted or had other issues). So it’s not really possible for me to publish just the live trades. My goal was actually to try to trade up to 500 stocks per day, and then it wouldn’t even matter which orders go through, and many of them wouldn’t be HTBs while the overall profitability would be similar across the board. But it’s too much work, while I see even more potential in options, so I’m busy with that now. I won’t stream my options trades though. My current stock strategies will just continue self-running/streaming as long as I don’t have to put much time into maintaining them.
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how 'bout just a taste, nothing time consuming at all, maybe just a line or three on what you got in mind for your options project? crunch those digits, guru.
Thanks for having faith in me
I’m just in research and testing phases, so we’ll see how it‘ll go, but my goal is to have an edge that cannot be easily copied by others...
Though actually @dest has one or more of quite profitable options strategies and I’d recommend learning from his journal(s). The best thing I’ve learned from him is that you don’t need to “trade” options and try to make huge % per trade, but rather make it slow and consistent, repeating 15%-30% wins while occasionally getting out with small losses. All this can add up over time.
Though yeah, easier said than done
what % of his technique would you say you grasp?
I’d say 75% of the concept but not sure if just the concept is enough. Basically I understand the concept of trading wide butterflies and how volatility affects them. What I may not understand is how directional are those trades and how to deal with the direction moving against you. I also don’t understand or maybe just not know how/when he is hedging using the underlying, or basically managing his gamma. But I didn’t spend much time on that, so I assume that a better understanding would come with studying, experimenting and gaining experience. I usually start understanding things very well after investing 1000+ hours into them...
Though I did spend that much time studying other things, like volatility expansion and contraction, 2nd order Greeks, and other things that hopefully will allow me to come up with different strategies. I don’t think I’ll be utilizing just a single strategy and repeating it every week or two, like most traders do, but rather have a selection of strategies to choose from for specific market conditions.