kossvet
147 posts
msg #147752
- Ignore kossvet |
5/9/2019 4:08:16 PM
Picked up 3 DIS July 135"s at end of day for 4.60
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graftonian
1,089 posts
msg #147753
- Ignore graftonian
modified |
5/9/2019 5:25:14 PM
robert, I just cannot help myself when it comes to tinkering. If you don't want me mucking up your thread, I could post elsewhere.
Graf
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kossvet
147 posts
msg #147754
- Ignore kossvet |
5/9/2019 6:13:10 PM
Thanks again Graf
I checked thru the candidates, and I picked GLPI. I will probably make an initial commitment tomorrow.
With this Chinese trade deal going sour, I need to be careful. Probably trade it at the end of the day.
As usual $1200 to start her off with.
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graftonian
1,089 posts
msg #147761
- Ignore graftonian |
5/10/2019 10:42:06 AM
robert, try adding the following to your filter:
add column corr(^spx,200,close)
draw corr(^SPX,200,Close)
It appears that a strong correlation to the market has an effect on candidates, even to the point of turning the filter into a "put/call" indicator. Your filter certainly finds the inflection points, now to determine the direction of the run.
Graf
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kossvet
147 posts
msg #147762
- Ignore kossvet |
5/10/2019 2:15:33 PM
I traded for years using indicators, and on balance I lost money.
The indicators are determined by the price movement of the stock.
Some indicators lag the price considerably, and to me are unreliable.
When I have back tested these ideas, and they sure looked profitable.
But when I put it into practice, it's a completely different story.
I found myself constantly double thinking my trade, not allowing the filter to play out.
In hindsight, maybe it was my own double-thinking that did the filter injustice.
I set out to create a filter that is self-timing,without the assistance of any indicators.
The indicators to me, are a visual aid.
Indicators do have their place.
Since I have been trading this self timing system, I feel very comfortable in a trade, knowing if I don't win this time around, next time will be a different outcome.
Is it just me, or has anybody else experienced these types of doubts in their system?
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shillllihs
6,047 posts
msg #147763
- Ignore shillllihs |
5/10/2019 2:37:25 PM
Some indicators work it's just people hold losers longer than winners.
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Cheese
1,374 posts
msg #147768
- Ignore Cheese |
5/10/2019 4:08:16 PM
@kossvet,
Count me in as been there, done that, still doing it.
According to some of her students' notes, Linda Bradford Raschke likened indicators to crutches.
Crutches help us walk when we are still wobbly. But we are supposed to wean ourselves off crutches,
and just because we can walk with a couple of crutches does not mean we should have twenty.
Years ago, somehow I came across an original black and white copy of ' trading diary
with endless scrolling from the beginning to the end. I seemed to remember from that original diary that Marlyn was a former Marine, came back from the war, pretty much abandoned by his own country,
and learned trading while working as a truck driver. He diarized the ups and downs of his roller coaster journey, and retired after making $2.5 million which would be worth around $25 million today.
Anyway, maybe I mixed up stories.
There are still some good Marlyn Trades reference material
http://filteringwallstreet.blogspot.com/
https://www.stockfetcher.com/sfforums/?mid=53945&showall=1
https://www.stockfetcher.com/forums/General-Discussion/hey-rump/53919/-1/53943
https://www.stockfetcher.com/sf/search.php?q=marlyn&filter=&sort=
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graftonian
1,089 posts
msg #147769
- Ignore graftonian |
5/10/2019 4:11:56 PM
Robert, This AM opened a 39/40 diagonal call in GLPI for .70, and closed at the bell for .90. Not bad considering the wide bid/ask spreads. Thanks for the tip :-)
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kossvet
147 posts
msg #147772
- Ignore kossvet |
5/10/2019 5:33:48 PM
I'm happy for you. Good Job.
I don't have time during the day to monitor my trades.
PLD is in the sweet spot. Will definitely play this Monday.
I have no position in GLPI
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kossvet
147 posts
msg #147783
- Ignore kossvet |
5/13/2019 1:47:57 PM
filled PLD 5 Jun 21, 75 calls 1.90
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