What appears in red has a correlation of less than 0.75. You'll notice that over both five day and ten day periods there are a couple in that are negative. The first (a 5 day correlation) was when QCOM started to tank while the rest were still forming tops. QCOM, in this case, was the leader.
Organized Systems Sharing
- Thread starter rlb21079
- Start date
Hi All.
Sorry, but I don't have time to read all your postings. But I think that would you are trying to do has been already put into place. At WL we share systems and the users then improve them together or discuss the various matters. Most important is that you can use the SAME data and all have access to the testing platform via the internet for free. Would that not make more sense then sending emails around? Let me know if I have misunderstood your intention?
Thanks.
Sorry, but I don't have time to read all your postings. But I think that would you are trying to do has been already put into place. At WL we share systems and the users then improve them together or discuss the various matters. Most important is that you can use the SAME data and all have access to the testing platform via the internet for free. Would that not make more sense then sending emails around? Let me know if I have misunderstood your intention?
Thanks.
Well, the fact is I really haven't been paying any attention to trading this week. If I were really focusing on trading, and weren't even spending any time writing on here, I don't know if I might have done any better.
When I made money the last two months, I was watching these stocks all day long, and playing the ups and downs that took place within each day. I haven't done that this week.
But for what it's worth, if anything, the QLGC I bought on monday was down less on tuesday than the other 5 stocks, and the MXIM I bought on tuesday was up more on wednesday than the other 5.
When I made money the last two months, I was watching these stocks all day long, and playing the ups and downs that took place within each day. I haven't done that this week.
But for what it's worth, if anything, the QLGC I bought on monday was down less on tuesday than the other 5 stocks, and the MXIM I bought on tuesday was up more on wednesday than the other 5.
Yahoo (YHOO) trades in Single Stock Future form. Positive earnings report last night might make this one worth watching or playing today.
Also Sonus Networks (SONS), which was as low as 20¢ a share six months ago, and is now around $2.30, reported earnings last night.
Other than that, stocks have dropped a lot since monday morning, and with the appearance of victory in the cowboy vs. bedouin war, we are probably due for a reasonable bounce today.
disclaimer: don't take my word for it. I'm so often wrong, you know.
Also Sonus Networks (SONS), which was as low as 20¢ a share six months ago, and is now around $2.30, reported earnings last night.
Other than that, stocks have dropped a lot since monday morning, and with the appearance of victory in the cowboy vs. bedouin war, we are probably due for a reasonable bounce today.
disclaimer: don't take my word for it. I'm so often wrong, you know.
SONS is up to $2.70. YHOO is also up.
Today I'm going to try to pay more attention than I have this week. Let's consider the idea of QCOM which dropped so much more than the others the last week, as a possible buy.
Today I'm going to try to pay more attention than I have this week. Let's consider the idea of QCOM which dropped so much more than the others the last week, as a possible buy.
Hi a,
I know how you feel, I've only been here a week-and-a-half and have racked up nearly two-hundred posts. I tend to get over-enthusiastic at times. Luckily, I've had much non-trading work lately and it helped to take my mind off of things. I have been re-evaluating my AmiBroker setup and signed up for intraday quotes.
Didn't see a bounce today, or yesterday, in the market, I hope you didn't get stung. My account hasn't taken any big hits, but my churning mind has made for a churning account. So, commissions have made the biggest dent. Its times like these I recall my athletic training and especially a book called The Mental Game of Baseball. The term used by its author, whose name I can't recall, for the optimal performance state of mind was "relaxed concentration."
Personally, I blame dubya for my madness
, but I have found the cure: doobya. Will return shortly in a better frame of mind, better researched, able to leap tall buildings, yada..yada..
out,
rlb
I know how you feel, I've only been here a week-and-a-half and have racked up nearly two-hundred posts. I tend to get over-enthusiastic at times. Luckily, I've had much non-trading work lately and it helped to take my mind off of things. I have been re-evaluating my AmiBroker setup and signed up for intraday quotes.
Didn't see a bounce today, or yesterday, in the market, I hope you didn't get stung. My account hasn't taken any big hits, but my churning mind has made for a churning account. So, commissions have made the biggest dent. Its times like these I recall my athletic training and especially a book called The Mental Game of Baseball. The term used by its author, whose name I can't recall, for the optimal performance state of mind was "relaxed concentration."
Personally, I blame dubya for my madness
, but I have found the cure: doobya. Will return shortly in a better frame of mind, better researched, able to leap tall buildings, yada..yada..out,
rlb
Relaxed Concentration is a good idea. If you're holding a baseball, for instance, you would want to hold it firmly, without clenching, I imagine. That's a good one to include in trading strategy I think.
I don't know how you define the word bounce, but I meant it to mean a move upward instead of continuing down. The QLGC and MXIM I bought in the beginning of the week are nearly back to what I paid for them. Ok, it's not a way to make a living, but if I can at least avoid taking a loss it's a start. That's the extent of the value of my patience method this week. Expecting to maybe sell the QLGC and MXIM today, we'll see.
I didn't realize you had been on here such a short time. Well I said it before, I think enthusiasm is a good thing. We've had a lot of ideas thrown around here in the last week. We need to keep sifting them and deciding what we really want to work toward.
I don't know how you define the word bounce, but I meant it to mean a move upward instead of continuing down. The QLGC and MXIM I bought in the beginning of the week are nearly back to what I paid for them. Ok, it's not a way to make a living, but if I can at least avoid taking a loss it's a start. That's the extent of the value of my patience method this week. Expecting to maybe sell the QLGC and MXIM today, we'll see.
I didn't realize you had been on here such a short time. Well I said it before, I think enthusiasm is a good thing. We've had a lot of ideas thrown around here in the last week. We need to keep sifting them and deciding what we really want to work toward.
Here is how it came to be:
MA = Moving Average
EMA = Exponential Moving Average
(1) Filter all stocks at date 'x' (8/1/2001)
- Close > 10.0
- 20 Day MA of Volume > 250,000
- 200 Day EMA of Close at day 'x' greater than day prior to 'x' (Rising)
- 20 Day EMA of Close at day 'x' less than day prior to 'x' (falling)
- High @ day 'x' times 1.1 (110%) is greater than Highest High over prior 30 days but High (100%) is NOT greater than Highest High over prior 30 days.
(2) Apply Short conditions for two months (8/1/2001 - 9/27/2001), but only once. Close any open positions at end of period.
(3) Short Condition
- If Close is less than Low @ day 'x'
(4) Cover Condition
- If High is greater than High @ day 'x'
-Notes: Needs to be backtested more thoroughly. Each stock was allocated $2000 with 50% margin. Traded in blocks of 50 shares. Commissions based roughly on Interactive Brokers commissions (biased to be more expensive). Criteria for when to apply system needed - EG: if filter produces less than 20 stocks, market too bullish too apply system. (Filter @ 8/21/2001 produced 73 stocks)
MA = Moving Average
EMA = Exponential Moving Average
(1) Filter all stocks at date 'x' (8/1/2001)
- Close > 10.0
- 20 Day MA of Volume > 250,000
- 200 Day EMA of Close at day 'x' greater than day prior to 'x' (Rising)
- 20 Day EMA of Close at day 'x' less than day prior to 'x' (falling)
- High @ day 'x' times 1.1 (110%) is greater than Highest High over prior 30 days but High (100%) is NOT greater than Highest High over prior 30 days.
(2) Apply Short conditions for two months (8/1/2001 - 9/27/2001), but only once. Close any open positions at end of period.
(3) Short Condition
- If Close is less than Low @ day 'x'
(4) Cover Condition
- If High is greater than High @ day 'x'
-Notes: Needs to be backtested more thoroughly. Each stock was allocated $2000 with 50% margin. Traded in blocks of 50 shares. Commissions based roughly on Interactive Brokers commissions (biased to be more expensive). Criteria for when to apply system needed - EG: if filter produces less than 20 stocks, market too bullish too apply system. (Filter @ 8/21/2001 produced 73 stocks)