Would your Stop Loss have worked this Morning's BLACK SWAN Event on the LKEView attachment 158372
The SAP Strategy for me is a new approach to trading that incorporates multiple exit strategies to optimize profits and minimise losses. The strategy uses a combination of technical indicators, such as moving averages, stochastic oscillators, and the MACD, to generate signals.
The "Stale Stop" exit being part of a larger multi-stage exit strategy is also a crucial component, ensuring positions are cut loose that fail to follow through.
The "Take Profit Stop" parameter is another important feature of the SAP strategy, which locks in profits once a target is reached. The Max Profit parameter sets the take-profit target as a multiple of the Average True Range (ATR), which adjusts the target to market volatility.
It's important to note that the effectiveness of the SAP strategy will depend on the specific parameters and filters I've elected to use. But on a cautionary note, traders trying anything new should first thoroughly backtest the strategy and evaluate its performance over various market conditions to optimize profitability and minimise risks before committing real money.
Skate.
Would your Stop Loss have worked this Morning's BLACK SWAN Event on the LKE
How much of a LOSS would the Backtest Report?
" The Challenge Here" for the Academic is to decide which one of all these hundreds of trades above is a Real Trade one would take with Real MoneyThe example above is clearly not a Black Swan. Second it is a stock already in a downtrend.
These examples are more relevant in that they are in (short) term uptrends. They are not unusual, they are 3 out of 52 entries from last Friday in the US.
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All could possibly fulfil the criteria and filters applied.
This one definitely would have been a problem on multiple occasions.
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A challenge for sure.
jog on
duc
Would your Stop Loss have worked this Morning's BLACK SWAN Event on LKE
@Captain_Chaza I took @ducati916's post as showing that 'black swan' was when it gapped against the trend as opposed to your example of gapping in the direction of the short term trend." The Challenge Here" for the Academic is to decide which one of all these hundreds of trades above is a Real Trade one would take with Real Money
Re; Your Definition of a Black Swan Event I feel is somewhat Pedantic
"Pedantic is an insulting word used to describe someone who annoys others by correcting small errors, caring too much about minor details, or emphasizing their own expertise especially in some narrow or boring subject matter."
Salute and Bon Voyage When & if you ever make a move
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Why can't a 20% and > GAP / Black Swan event occur in a downtrend@Captain_Chaza I took @ducati916's post as showing that 'black swan' was when it gapped against the trend as opposed to your example of gapping in the direction of the short term trend.
" The Challenge Here" for the Academic is to decide which one of all these hundreds of trades above is a Real Trade one would take with Real Money
Re; Your Definition of a Black Swan Event I feel is somewhat Pedantic
"Pedantic is an insulting word used to describe someone who annoys others by correcting small errors, caring too much about minor details, or emphasizing their own expertise especially in some narrow or boring subject matter."
Salute and Bon Voyage When & if you ever make a move
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‘Unexpectedly stagnant’: China’s massive economic problem revealedAs I said, the last quarter of 2018 was not kind to me & it was the first real shock when actually live trading. It was a big wake-up call.
At a glance, he used his own meds topically.
From localised>systemic> septic?
End of story.......
Your link here, Skate....China's woes.‘Unexpectedly stagnant’: China’s massive economic problem revealed
As today's headline suggests, China’s economy is tanking. The world expected it to bounce back from the pandemic. I'm not insinuating that this is a Black Swan event or that it might turn into one but merely pointing out that economic news has the ability to shift the markets and there are some things that we can do as traders.
Read the story here
When members passionately debate a point, it presents the perfect opportunity for me to express my perspective. As uncertainty in the world increases, black swan events may become more frequent, making it crucial for traders to prepare for these highly unlikely and unpredictable events. Black swan events can significantly impact financial markets, as demonstrated by the global financial crisis of 2008, the COVID-19 pandemic, and the 9/11 terrorist attacks.
My own wake-up call occurred in the last quarter of the 2018 financial year, highlighting the importance of being prepared for unexpected events.
I believe traders can take numerous actions to mitigate the impact of a black swan event. To begin, it is critical to stay up to date on the newest news and information regarding the event and its impact on the markets. This can assist traders in making informed trade decisions going forward.
Second, traders should examine the impact of the occurrence on their positions by reviewing their portfolios. They should identify any positions that may be especially vulnerable and consider lowering exposure or hedging their portfolio to limit potential losses.
Third, traders must remain calm and avoid making rash decisions in response to market turbulence by sticking to their trading strategy and responding rather than reacting where appropriate. Responding gives you time to think.
Fourth, traders should think about other trading methods or trading techniques that can be more suited to the current market conditions. Black swan events can happen quickly but at times they have a tendency to build. Black swan events can cause significant market volatility and uncertainty, and traders may need to adjust their strategy or trading plan accordingly. I say, when in doubt "pull out".
Severe hiccups in the markets and Black Swan events can cause significant uncertainty, and this is where awareness pays dividends giving traders a range of options to consider to reduce potential losses. In this game, risk management is right up there.
To summarise, traders should be prepared for black swan events by staying aware, reviewing their portfolio, being calm, Y
Good morning SkateHot off the YouTube press
I was part of a survey with 5,000 other traders/investors, and the results are in. The survey was to gain a better understanding of the current investing landscape and how investor demographics and preferences are changing. The rising interest in crypto was a real eye-opener for me as well as the increase in women's participation.
It's a small 4minute recap of the survey's findings
The full report can be found here
Quick Screenshot recap
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Skate.
Always wondered back a couple years or so ago with negligible interest rates on savings in place whether was there a shift across into share trading either with a fund and or alternatively by self.
Nice. Thanks so much for that.@rcw1, I'll do a short post with some relevant statistics. The report was an eye-opener for me as the numbers didn't match my expectations.
Skate.
96 pages … da report… rcw1 likes reading executive summaries …
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