| StockFetcher Forums · General Discussion · ron22 : Posted Your Request Here | << 1 2 >>Post Follow-up |
| four 5,087 posts msg #144976 - Ignore four modified |
10/16/2018 2:26:42 PM Ron22, : Discussion Moved Here : ------------- Original Post StockFetcher Forums · Stock Picks and Trading · not generic - options [read only] four 4,676 posts msg #144970 10/16/2018 10:36:34 AM ----------- Filter below chart. I did not code the rules presented on the chart. I simply look for them on the chart. Someone may wish to add code to the filter. The filter is from today. There has been no back-testing ! -----------  ----------- |
| ron22 255 posts msg #145033 - Ignore ron22 |
10/24/2018 8:41:18 AM Four, Thank you for posting the above filter. It is a good starting point for checking charts manually, and for manual back testing. Good trading. Ron |
| four 5,087 posts msg #145393 - Ignore four |
11/30/2018 10:23:08 AM ron22, Any specific examples on how you are using this filter? thanks |
| Nobody 404 posts msg #145395 - Ignore Nobody |
11/30/2018 3:34:28 PM Hi Four, Suggestions /recommendations on good breakout filter Soo many - thought I ask which is in your opinion good to practice with Thanks |
| four 5,087 posts msg #145397 - Ignore four modified |
11/30/2018 4:41:08 PM nobody, Paper trade a few that "catch your eye". Get a feel for short versus long. Remember, short requires a margin interest that deducts from gains. Perhaps, keep an Excel sheet for tracking purposes. Be honest with entries and exits and misses. Experiment with a LIMIT entry/exit versus STOPLIMIT entry/exit. Most would do well not to use market orders. Importantly, trade small per position% of portfolio. If using a dividend stock, remember that dollar amount is buying more shares or you are taking the "check". Remember, taxes are a drag on performance. The reason for trading your own account is the hope that your performance will better the "professionals" you would have given your money to work. You are effectively creating a mutual fund or ETF of your own. Your competition is any other mutual fund or ETF performance. https://www.nytimes.com/2015/03/15/your-money/how-many-mutual-funds-routinely-rout-the-market-zero.html https://www.washingtonpost.com/news/get-there/wp/2015/03/17/do-any-mutual-funds-ever-beat-the-market-hardly/?noredirect=on&utm_term=.43c84f8bf100 Remember, in a bull market most up strategies are going to do fine, in a bear market most down strategies are going to do fine. That's why they say trade with the trend. The trick is what do you consider as the up or down trend? How do you handle the transition? If you only trade long strategies or short the other market trend will remove your gains easily. The management of the position is the key. Unless you have a very good entry, then the management of the position becomes "easier". Be careful of black swans and 2+ standard deviation moves. They happen more than they are given credit for. Lastly, for some the market is not where they belong with their time and bets. Some would do better as a landlord, poker player, changing jobs, starting a business, or getting a part-time job. Spend some time with Michael Covel https://www.trendfollowing.com/podcast/ https://www.trendfollowing.com/resources/ Spend some time with Ed Seykota http://www.seykota.com/tt/FAQ_Index/default.html Spend some time with Ray Dalio https://www.youtube.com/watch?v=R9unEphwPA8 Spend some time with Annie Duke https://www.youtube.com/watch?v=uYNsSeYjkp4 Spend some time with Brett Steenbarger http://traderfeed.blogspot.com/ Your trading must "fit" you: Do not use a short term strategy if you should use a long term strategy --the opposite is also true. Do not trade with large draw downs if you will panic. Do not trade with money that is needed in the short term. Are you a trader or a holder? Remove gains to pay taxes as you go. Pay quarterly estimated taxes to remove some or all possible underpayment penalties. Hope this helps ... |
| ron22 255 posts msg #145406 - Ignore ron22 |
12/1/2018 10:31:23 AM Hi Four, I back tested your filter for ten years. Database/universe was S&P100 not S&P500, Long trades only, commission $4.95 per trade, and each position was $5,000.00. ten years 12/1/2008 to 11/29/2018. ten years S&P100 Top Ten Symbols* Net profit (-$6642) $13,367 Total commission -72,695 -6,662 # Trades 7343 673 avg profit (-0.90) 19.86 avg profit% (-0.02%) 0.40% * Top Ten Symbols are: AAPL, AMZN, AXP, CAT, FOXA, HON, NEE, ORCL, PYPL, and UNP. Any of the top ten stocks could be used as examples of how this filter works. I am still trying to figure out how I can tweak this filter in order to raise the average profit %. Any ideas? |
| ron22 255 posts msg #145407 - Ignore ron22 |
12/1/2018 10:36:20 AM Sorry, this should be easier to read. Hi Four, I back tested your filter for ten years. Database/universe was S&P100 not S&P500, Long trades only, commission $4.95 per trade, and each position was $5,000.00. ten years 12/1/2008 to 11/29/2018. ten years S&P100 --- Top Ten Symbols* Net profit (-$6642) --- $13,367 Total commission -72,695 --- -6,662 # Trades 7343 --- 673 avg profit (-0.90) --- 19.86 avg profit% (-0.02%) --- 0.40% * Top Ten Symbols are: AAPL, AMZN, AXP, CAT, FOXA, HON, NEE, ORCL, PYPL, and UNP. Any of the top ten stocks could be used as examples of how this filter works. I am still trying to figure out how I can tweak this filter in order to raise the average profit %. Any ideas? |
| ron22 255 posts msg #145408 - Ignore ron22 |
12/1/2018 10:41:29 AM I cannot get the post to show my columns correctly. Net profit for all S&P100 is minus -$6,642. Net profit for Top Ten symbols/stocks is $13,367. I hope that helps in reading above posts. Sorry! |
| four 5,087 posts msg #145409 - Ignore four modified |
12/1/2018 12:09:17 PM ron22, 1. Were dividends included in the P&L? 2. Was a long trend used as a filter (close > ma200...)? 3. Were positions entered and exited at market or limit order? 4. Was a trailing loss initiated on profitable positions? If so, were adjustments made based on volatility of the stock? 5. Other things to think about... |
| ron22 255 posts msg #145410 - Ignore ron22 |
12/1/2018 1:50:23 PM Four, 1. Dividends were not included in P&L 2. Long trend filters were not used. 3. Positions were entered at market. 4. Trailing loss was initiated on profitable conditions. Did not adjust for volatility of the stock 5. Thank you for your input. It helps me learn and become a better trader. |
| StockFetcher Forums · General Discussion · ron22 : Posted Your Request Here | << 1 2 >>Post Follow-up |