Trading Quiz I - Archive

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axeman

Ok... after discussing this with inandlong, we decided
that I would start with some trading scenarios.

Here is how it will work.

I will post a 5 min chart, with some basic indicators on it,
containing 4 days of data, along with the matching
futures data. NYSE stocks.

The 5th day will be partially shown, and you will
be LONG or SHORT on the closing price of the last
candle you see.

Anyone who is interested should reply, and tell us
what their stop and target price is, and their reasoning
behind it.

In the case that neither is hit, the closing price of the
day will be your exit price.

After everyone has placed their "bets". I will reveal the
full chart, and everyone will calculate their profit/loss.

All bets will be 100 shares for simplicity, with 2 cent
round trip commish, IB style. Zero slippage.


Here is a boring chart to get us started.
You are LONG at 59.74 (the last candle on the lower chart)

Please stay HONEST and dont go and try to figure out
which stock the chart is showing.

Now PLACE YOUR BETS! :D

I would also like to try a multiday "swing" version of this,
if this little experiment turns out to be fun.

peace

axeman
 

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Reversals are not part of the rules :D

But you may immediately exit with a 2 cent commish loss
if you wish.

peace

axeman


Quote from Aaron:

Because of the weakness in the e-minis, I suggest immediately reversing to short and covering at the close.

Of course, I might be wrong...:p
More...
 
RIGHT... this is a random entry.
You are LONG... you may NOT go short.

You may immediately exit with a 2 cent commish cost,
if you think being LONG is completely idiotic.

peace

axeman



Quote from Gordon Gekko:


he's forcing us long though, i think.
More...
 
For now... to keep things simple, we are not going
to do partials. Bt its interesting... so maybe ill switch
to that later depending on the load.
Im pretty busy.

peace

axeman



Quote from macal425:

Target 2/3 @ 60.50, 1/3 @ close
Stop 59.40
Stop to b/e @ 60.10
More...
 
And the results are
-------------------------------------
Corallus: +94 cents :cool:
El Cubano: +74 cents
Sanjuro: +74 cents
NoviceTrader: +69 cents
macal425: +49 - by trailing stop
uptik2000: +44 cents
JPB: +29 cents
Gordon Gekko: +23 cents
axeman: 0 ( lets see who cant beat me :) )
wdbaker: -2 cents
inandlong: -26 cents
mike s: - 26 cents



These results include 2 cent commish.


Please note: If you use TRAILING stops, I will not give
you the benefit of the doubt if the candles do not give
me enough information to determine if your target or
stop would have been hit first. :)

The details are below. Please check your own math.

peace

axeman

------------------------

uptik2000
59.60 stop
60.20 target
RESULT: 60.20 - 59.74 - 2 cents = +44 cents

JPB
stop: 59.45
target: 60.05
RESULT: 60.05 - 59.74 - 2 = +29 cents

Gordon Gekko
stop: 59.69
target: 59.99
RESULT: 59.99 - 59.74 - 2 = +23 cents

wdbaker
Asked to be stopped out
-0.02

El Cubano
stop 59.00
target: 60.50 - 59.74 -2 = +74
RESUL: +74

NoviceTrader
Stop 58.95
Target 60.45 - 59.74 -2 = +69

Corallus
stop:59.35
target:60.70 - 59.74 -2 = +94

macal425
Target 60.50
Trail hit at:: 60.25 - 59.74 -2 = +49
Stop 59.40
Stop to b/e @ 60.10 and trail 0.35.

mike s
target 61.35
stop 58.95
result: 59.50 @ the close
59.50 - 59.74 - 2 = -26

inandlong
Stop 58.25
MOC
result: 59.50 - 59.74 -2 = -26

Sanjuro
Target 60.50 - 59.74 -2 = +74
Stop 59.50
 

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