miketranz
969 posts
msg #158318
- Ignore miketranz |
1/2/2022 7:53:02 PM
Redversa,how many positions are you entering on any given Sunday? If not the entire list,the best 10-20 on the list? If a stock hits 2% anytime after Monday,is it an automatic sell? If you're stuck in a loss by Friday on any given stock,do you just continue to hold until they go up past your buy point? Any stops? Thanks,Mike...
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thambav44
19 posts
msg #158320
- Ignore thambav44 |
1/2/2022 9:48:16 PM
May I ask the scan code that is being discussed. Could any one shed light on how this strategy works. Thank you in advance.
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boston
58 posts
msg #158321
- Ignore boston
modified |
1/2/2022 10:22:19 PM
I think this is the one that they are using as for how it's used you'll have to ask redversa721
.
Submit
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thambav44
19 posts
msg #158331
- Ignore thambav44 |
1/3/2022 7:03:04 PM
Appreciate it. Would anyone advise on how to use this scan results. Thanks a ton
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redversa721
157 posts
msg #158337
- Ignore redversa721
modified |
1/3/2022 10:15:03 PM
Hi all
my process has stayed pretty consistent since the beginning. read all the caveats as you should be willing to hold the unsold stocks for months.
run scan friday/sat evening and enter market orders [the first 15-20]
Make sure to be awake [West coast], when monday morning orders are filled, immediately enter the exit orders [2.2% as of now ]
on a gap up week, some of the stocks can drop 5-10% in a few minutes after market open. so idea is to exit as quickly as possible with your profits.
if same unsold stock, comes up in a consecutive week, add 10% and update your exit numbers
you can see my results so far, I am at a net profit
risks are i have about 38 stocks that are still unsold, that is about 7K in cash at risk.
I have not used any stop losses. I may try it out after a few more months.
go back through thread and read all the caveats and experiences that others have , so you can minimize your risk.
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thambav44
19 posts
msg #158341
- Ignore thambav44 |
1/4/2022 2:53:53 PM
Thanks Redversa!!!
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miketranz
969 posts
msg #158348
- Ignore miketranz |
1/4/2022 10:24:09 PM
Thanks...
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redversa721
157 posts
msg #158369
- Ignore redversa721 |
1/7/2022 11:00:28 PM
Week 18
Total Buys 22
Wins : 16
Loss: 0
Unsold : 6
weekly p&l
Gain Only: 55.28 [See summary]
Loss Only: - 0.00
Total:
Total Gain : 1753.79 [ Since Start]
Total Loss : -357.12 [Since Start]
Net : 1396.67 [ Since Start]
Values in brackets are prev week
Week 1 unsold : 0
Week 2 unsold : 2 (2)
Week 3 unsold : 1 (1)
Week 4 unsold : 1 (1)
Week 5 Unsold : 0
Week 6 Unsold : 2 (2)
Week 7 Unsold : 0
Week 8 Unsold : 0
Week 9 Unsold : 0
Week 10 Unsold : 6 (6)
Week 11 Unsold : 10 (11)
Week 12 Unsold : 6 (6)
Week 13 Unsold : 2 (2)
Week 14 Unsold : 0
Week 15 Unsold : 5 (8)
Week 16 Unsold : 0
Week 17 Unsold : 5 (5)
Week 18 Unsold : 6
Win % : 82.37
Loss % : 5.53
Unsold % : 12.11
Summary:
First week of 2022 and the week started off 200 up on DJI. week has been strange, high first day and bad days after. The type of week when the above stocks dont do too well. Luckily i traded and entered exit values for all 22 stocks by 6.39 am PST. By Tuesday/ Wednesday all of the gains were already sold . The remaining unsold 6 went deeper into red. Most of them are around the 15-20% loss mark.
One advice oldsmar52 said was not to trade earnings week. I tried out with AEHR and failed. stock was 23 something monday morning. 20 something by Wednesday and 16 after earnings.
Notes to myself. Weeks with huge mondays are not so great as I know based on the past 18 weeks that they tend to be pretty crap for me personally. Weeks that had a red open tend to work well with this modified algo.
The number of unsolds since November have been quite concerning and is making me look at the logic another time
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Cheese
1,374 posts
msg #158370
- Ignore Cheese |
1/7/2022 11:23:38 PM
https://www.stockfetcher.com/forums/Filter-Exchange/TRO-S-CROCK-POT-2-0/115856/240
redversa721 1/7/2022 11:00:28 PM
===================
Thank you, redversa721. It seems like you did well by locking up your gains.
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redversa721
157 posts
msg #158397
- Ignore redversa721 |
1/14/2022 8:07:38 PM
Good evening, results for week 19
Week 19
Total Buys 19
Wins : 19
Loss: 0
Unsold : 0
weekly p&l
Gain Only: 61.81 [See summary]
Loss Only: - 0.00
Total:
Total Gain : 1815.16 [ Since Start]
Total Loss : -357.12 [Since Start]
Net : 1458.48 [ Since Start]
Values in brackets are prev week
Week 2 unsold : 2 (2)
Week 3 unsold : 1 (1)
Week 4 unsold : 1 (1)
Week 6 Unsold : 2 (2)
Week 10 Unsold : 6 (6)
Week 11 Unsold : 10 (10)
Week 12 Unsold : 6 (6)
Week 13 Unsold : 2 (2)
Week 15 Unsold : 5 (5)
Week 17 Unsold : 5 (5)
Week 18 Unsold : 6 (6)
Win % : 83.21
Loss % : 5.26
Unsold % : 11.53
Summary:
The week was looking red on Monday and I was happy after the past few week of big gap ups. It turned out to be propitious as by Tuesday most of the stocks were sold at a gain. I believe by wednesday all stocks were sold for a profit.
So thus far on most weeks that open up red, this strategy works excellent.
One more thing is that on earnings week, i will not trade as it is risky,
Am only putting in about 1$50 / stock, until I can reduce the number of unsolds to less than 20 [I think about $12K is locked up on account of unfolds]
My bot is about 70% done and I am going to start testing over this weekend.
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