Something very simplistic

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A very fascinating thread. Especially for a very undisciplined trader like myself. My question, could this be adapted to stocks or to an index based stock like DIA or QQQ? If so, any ideas? I would think that you would probably trade fewer times since stocks tend to move somewhat slower. Also, I would think that only very liquid NYSE stocks would qualify since you probably would have to use market orders. If I am way off base, I apologize and will crawl back into my hole, since this is my FIRST post
 
Originally posted by silverware
A very fascinating thread. Especially for a very undisciplined trader like myself. My question, could this be adapted to stocks or to an index based stock like DIA or QQQ? If so, any ideas? I would think that you would probably trade fewer times since stocks tend to move somewhat slower. Also, I would think that only very liquid NYSE stocks would qualify since you probably would have to use market orders. If I am way off base, I apologize and will crawl back into my hole, since this is my FIRST post
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Stocks would not work with his system. Mainly because of the uptick rule when trying to short. I think it would ruin the edge. Also fills will be crappy and they wont be as definitive as trading the ES/NQ.

If you only scalp.. the NQ/ES is the only place where I think a purely scalping mechanical system actually has a chance to make real $.


--MIKE
 
Re: something very simple - for stocks?


I've been thinking about this too. The introduction of the SSFs should take care of the uptick problem. We'll see what kind of liquidity we get.
 
Started off doing the NQs. Turns out they moved just as slowly
in the morning as the afternoon...the 9:33 didn't conclude
until just before the 9:51. (I had decided earlier that if
a trade was on while another came up, to ignore it and just
see the first one to conclusion).

Only one entry error today, mis-setting a stop on the 1:23. That
one was a close call, flipped a coin and went short. D'oh!@#

Margin is too low to start with anything but the NQ's again
tomorrow. I'm starting to regret just trading 1 of the 2
initially.

zorak
 

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I forgot to mention that the NQ trades were so slow this morning that I ended up not reversing the first two that overlapped with the third, which I didn't take at all.
 
Thanks for the response. Perhaps condensing the daily trades into one between 9:35 and 9:51, a second in the ten o'clock hour, a third at noon and a fourth at 1:20 pm. Maybe this may make it feasible for stocks? or am I crazy? I accept either alternative with a :)
 
Originally posted by silverware
Thanks for the response. Perhaps condensing the daily trades into one between 9:35 and 9:51, a second in the ten o'clock hour, a third at noon and a fourth at 1:20 pm. Maybe this may make it feasible for stocks? or am I crazy? I accept either alternative with a :)
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I don't know that this could work for stocks at all - certainly not as it is now. Might be intersting on the SSF's though.
 
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