Dump it Here

[Skate]

Sorry Good Old Friend Skates as you are probably aware we on the Good Ship own many millions WC8 and I am really conversed with this MAGNIFICENT BEAUTY. As you also know I am a firm believer in TRUE DATA but Lies, Damned Lies and Statistics is not for me and my young crew

In your post of Percentage Filter Today at 3.22 pm ASF Broken Time. First of all there were No Sales of WC8 at 0.43.5 cents on Friday 9/Feb/2024

@Captain_Chaza, you may have missed my original post - it's below as it "clarifies the situation".

I'm now wondering
I'm now curious about how my trading strategy would have performed since the beginning of the year.

Amibroker reports
Uniquely Amibroker uses the "end of the week" in their reports instead of the actual trade date, Amibroker does this as a way of saying "the week ending" and shouldn't be confused when knowing this fact. The trade signal date in the first chart displays the actual date WC8 was actioned. (Buy and Sell)






The price chart for WC8
In this backtest, confirmed by the price chart the buy was on the opening price on "Monday the 5th of February 2024" and the position was exited on the "4th of March 2024" or as Amibroker would report "the week ending" 8th of March 2024. The sale of WC8 was from a "Take Profit Stop".



I hope this helps understand the confusion my previous post presented.

Skate.

 

[qldfrog]

Hi Skate I have had this indicator programmed, in several different variations, as close as possible to your many explanations. But there is lot of ambiguity in how its calculated and even though on surface it sounds simple it really is not. Two questions, 1: What lookback period are you using for the bars to calculate the combined market to get the average % ? 2: you are using weekly bars for the strategy, but are you using daily bars to calculate the % of bullish bars, within the weekly bar or weekly bars ? FYI there is a chance that something has been misunderstood by me, but I have not been able to program this indicator and see any positive use as a filter in the US markets, i do know you only trade Australia, but would be interesting if anyone else is actually able to replicate this indicator. Have anyone ? I have spent a considerable amount of money having very reputable afl developers to do it trying to interpret your posts here, but result have been not promising. But somehow you seem to have it working for you and thats great.

Let me check and send you privately my own version/interpretation

 

[Skate]

Hi Skate I have had this indicator programmed, in several different variations, as close as possible to your many explanations. But there is lot of ambiguity in how its calculated and even though on surface it sounds simple it really is not.

@Salzburg that's perfectly okay. I simply used it as a "Buy timing filter". I understand your frustration. I'm not sure if anyone else has been able to replicate the indicator exactly, but I can tell you that it's not an easy task. It requires a good understanding of the underlying logic and the ability to translate that into code.

Two questions, 1: What lookback period are you using for the bars to calculate the combined market to get the average % ?

The "Period parameter" determines the look-back period. It specifies how many periods (bars) the "PercentageUp" filter considers when doing its calculations. The lookback period sets the sensitivity through the "param" feature, meaning it's a "user variable" to suit the market you are trading. What lookback period that I use isn't important.

2: you are using weekly bars for the strategy, but are you using daily bars to calculate the % of bullish bars, within the weekly bar or weekly bars ?

Periodicity is weekly.

FYI there is a chance that something has been misunderstood by me, but I have not been able to program this indicator and see any positive use as a filter in the US markets, I have spent a considerable amount of money having very reputable afl developers to do it trying to interpret your posts here, but result have been not promising. But somehow you seem to have it working for you and thats great.

Yes, I only trade the Australian All Ordinaries (ASX:XAO) it's the watchlist of symbols (stocks) using "CategoryGetSymbols".

# To keep this post short, I'll explain more in the next.

Skate.

 

[Skate]

I have spent a considerable amount of money having very reputable afl developers to do it trying to interpret your posts here, but result have been not promising. But somehow you seem to have it working for you and thats great.

@Salzburg below is the chart for the Australian All Ordinaries (ASX:XAO) that contains my watchlist. The versatility of this filter allows me to nominate any watchlist, index, or market, and adjust the sensitivity to suit my needs. I've found that there's a strong correlation between the 'percentage' of rising stocks and the momentum of the markets, which helps me determine the best time to buy. It's essential to purchase good companies at the right time and price to maximise my returns otherwise you are inviting disappointment into your life.



Footnote
Once the percentage of rising stocks reaches 56% or higher, buy signals are generated, indicating that the market timing is favourable. Below this threshold, the market timing is not ideal, and traders may want to consider alternative strategies or wait for the percentage of rising stocks to improve before making a purchase.

Skate.

 

[Skate]

I've had very reputable afl developers to do it.

@Salzburg, all coders have their "own unique approach" to transforming ideas into code, and the effectiveness of their solutions can be subjective. My approach to creating a confirmation and relationship of a rising market is one such idea. The key to the success of my 'buy timing filter' lies in its calculations, which are at the heart of the algorithm. The filter relies on a 'for loop' to measure bar-by-bar, ensuring accurate results. Without this loop function, the filter would not be effective in achieving its objective.

Loop for Percentage Calculation
The for loop calculates the percentage of stocks in a watchlist that meet certain conditions.

Here’s how it works
A small section of the 'percentage up' filter retrieves a watchlist of symbols (stocks) using CategoryGetSymbols. For each symbol in the watchlist. It sets the symbol as the foreign ticker (using SetForeign). using the watchlist it calculates whether the stock’s closing price is greater than its opening price (Up += Nz(Close / Open > 1)). At this point, it keeps track of the total number of valid stock data points using this method (NoM += NOT IsNull(C)). Next, it restores the price arrays for the next symbol. The final percentage of stocks with rising closing prices is calculated as PercentWatchlistUp.

Thresholds and Conditions
This filter simply defines two thresholds: (a) BullishThreshold and (b) BearishThreshold. It checks whether the PercentWatchlistUp exceeds the bullish threshold (PercentageBullish) or falls below the bearish threshold (PercentageBearish).

Summary
The loop iterates through stock symbols, calculates the percentage of rising closing prices (bar-by-bar) and compares it to predefined thresholds. The result determines whether the market sentiment is bullish or bearish based on the watchlist data. Remember that loops are essential for repetitive tasks and allow efficient processing of data. They help automate actions and handle large datasets effectively.

Skate

 

[Skate]

One of my tools
IMHO, the 'percentage up' buy filter is a valuable tool for traders who want to be selective when generating buy signals. By using this method, I've found that I can significantly improve my trading results. I shared this idea, along with the background and reasoning behind it, in the hopes that it might be useful to them as well.

The point of trading is buying at the right time
Trading is all about identifying companies that are on the rise and buying them at the right time, with the hope of selling them to someone else at a higher price. The 'percentage up' filter helps to address the timing aspect of this equation by providing a way to determine when a stock is likely to continue its upward trend.

Losing money trading is an unfortunate reality
But with the right knowledge and tools, traders can at least have a fighting chance. The 'percentage up' filter is one such tool that has helped me in my trading journey, and I hope it can do the same for others. It's important to note that trading is not without its challenges, and there will be times of disappointment and setbacks. However, by being prepared and having a solid understanding of the market, traders can increase their chances of success.

In summary
The 'percentage up' filter is a useful tool for traders who want to improve their timing and increase their chances of success in the market. I hope that by sharing this idea, I can help others in their trading journey.




Skate.

 

[Skate]

Thank you, @divs4ever, for your consistent support in reading the 'Dump it here' thread. It's much appreciated! When members post a 'Like' on my musings, it's a great indication that they're engaging with my content.

While not every 'Like' necessarily means agreement, it's still a valuable way to show appreciation for the time and effort I put into sharing my ideas and thoughts.

I strive to be consistent in every point I make, regardless of whether others agree or hold a different view. However, I've noticed that the number of readers engaging with this thread has decreased, likely due to a lack of content or interest.

That's all for today. Thanks again for your support!

Skate.

 

[divs4ever]

no problem , my membership here is all about learning

and there is a lot to learn on various topics/ideas
cheers

 

[dyna]

my membership here is all about learning

Same here.
I was a lurker for 10 years before finally signing on.
A guilty conscience finally got the better of me . Shamelessly picking other people's brains and turning a dollar out of it.
Still doing it , of course , ahem . Just at a higher level now. My tax bills are eye- watering , these days.
Can't really add anything to Mr. Skate 's outstanding efforts with this mighty thread. Just letting him know , it really is much appreciated.

 

[Miner]

Folks
There is a group driving through WhatsApp messages with membership to the DYNX website for short-term trading.
People claim to have earned more than 50% in a couple of hours of cryptocurrency trading.
I smell rotten fish as they are in between, suggesting not to pay tax as the site is in the USA, which is rubbish. I suspect that the so-called money earned will suddenly disappear with the principal.
Who has any interest or experience in this saga?
As a good samaritan, must I bring ATO or IRS attention?
Do not want to be a hero, so your candid suggestions will be appreciated

deleted

deleted

bitcointalk.org

 

[divs4ever]

Folks
There is a group driving through WhatsApp messages with membership to the DYNX website for short-term trading.
People claim to have earned more than 50% in a couple of hours of cryptocurrency trading.
I smell rotten fish as they are in between, suggesting not to pay tax as the site is in the USA, which is rubbish. I suspect that the so-called money earned will suddenly disappear with the principal.
Who has any interest or experience in this saga?
As a good samaritan, must I bring ATO or IRS attention?
Do not want to be a hero, so your candid suggestions will be appreciated

deleted

deleted

bitcointalk.org

i always worry about getting those eye-watering gains into actual cash ( or credits into my normal bank account )

especially after seeing somebody else trading binary options ( all fun and games until taking some profits out of the trading account )

 

[Skate]

The Secret in Great Ship Design is to offer " NO DIVIDENDS"
IMHO Dividends is "The Greatest Scam on Earth"

Ahoy, me hearty @Captain_Chaza! 'Tis a grand day to be talkin' about the wonders of dividends, don't ye think? They be the anchor that keepeth the ship steady, even when the seas of the stock market be tempestuous.

Dividends, me matey, be regular payments that companies make to their shareholders, like a sturdy sailor sendin' his loot back to his trusty crew. They don't be affected by the market's ups and downs, they just keep comin' like clockwork, providin' a steady income stream for ye.

Now, I know what ye be thinkin' Captain, "Why reinvest me dividends, matey?" Well, me hearty, it's like addin' more cannonballs to yer ship's hold, makin' it stronger and more ready to weather any storm. It's a long-term voyage, me matey, but with patience and a steady hand, ye'll find yerself sailin' towards distant shores, with a sturdier vessel and a fuller treasure chest.

So, fear not, me hearty, when share prices wobble and the seas get choppy. Dividends be the calm waters that keep the ship steady, and they'll guide ye through the storm. They be the whisperin' winds that say, "Fear not, matey, we've got this."

So hoist the sails, me hearty, and set sail on the financial ocean, with dividends bein' the anchor that keepeth ye steady on yer voyage. Arrr!

Skate.

 

[Skate]

# Now in English

Shares may wobble, but dividends are constant
Prices rise, fall, and occasionally moonwalk (okay, maybe not moonwalk), but dividends “Keep on Keeping on” (a Taubman Paint slogan from memory).

Dividends persist
Even when there is market volatility, dividends remain steadfast. They arrive like clockwork, offering the stability of passive income.

Steady Income
Dividends provide a reliable stream of payments, ensuring financial stability for both retirees and savvy investors.

Long-Term
Reinvesting dividends, if surplus funds allow, compounds wealth. It’s akin to constructing a robust portfolio that withstands the market’s regular short-term fluctuations.

Dividends can keep you calm
Even when share prices wobble (and they will), dividends provide solace by whispering, ‘Fear not, we’ve got this.’

Skate.

 

[farmerge]

# Now in English

Shares may wobble, but dividends are constant
Prices rise, fall, and occasionally moonwalk (okay, maybe not moonwalk), but dividends “Keep on Keeping on” (a Taubman Paint slogan from memory).

Dividends persist
Even when there is market volatility, dividends remain steadfast. They arrive like clockwork, offering the stability of passive income.

Steady Income
Dividends provide a reliable stream of payments, ensuring financial stability for both retirees and savvy investors.

Long-Term
Reinvesting dividends, if surplus funds allow, compounds wealth. It’s akin to constructing a robust portfolio that withstands the market’s regular short-term fluctuations.

Dividends can keep you calm
Even when share prices wobble (and they will), dividends provide solace by whispering, ‘Fear not, we’ve got this.’

Skate.

Well, Professor what can one say, except as usual, spot on.

 

[divs4ever]

# Now in English

Shares may wobble, but dividends are constant
Prices rise, fall, and occasionally moonwalk (okay, maybe not moonwalk), but dividends “Keep on Keeping on” (a Taubman Paint slogan from memory).

Dividends persist
Even when there is market volatility, dividends remain steadfast. They arrive like clockwork, offering the stability of passive income.

Steady Income
Dividends provide a reliable stream of payments, ensuring financial stability for both retirees and savvy investors.

Long-Term
Reinvesting dividends, if surplus funds allow, compounds wealth. It’s akin to constructing a robust portfolio that withstands the market’s regular short-term fluctuations.

Dividends can keep you calm
Even when share prices wobble (and they will), dividends provide solace by whispering, ‘Fear not, we’ve got this.’

Skate.

i would like to refer you back to 2020 , on what may happen again for some unexpected reason

now we could debate whether individual corporate management made the correct choices all week , but there is always a risk of dividends being delayed, suspended or even held back

so set in stone ( before they land in the bank account ) , but highly likely most of the time yes

( but please factor in that tiny risk of divs. not landing like clockwork )

cheers

( one reason i now bias towards monthly or three monthly divs. when given a tough choice between buys )

 

[ducati916]

# Now in English

Shares may wobble, but dividends are constant
Prices rise, fall, and occasionally moonwalk (okay, maybe not moonwalk), but dividends “Keep on Keeping on” (a Taubman Paint slogan from memory).

Dividends persist
Even when there is market volatility, dividends remain steadfast. They arrive like clockwork, offering the stability of passive income.

Steady Income
Dividends provide a reliable stream of payments, ensuring financial stability for both retirees and savvy investors.

Long-Term
Reinvesting dividends, if surplus funds allow, compounds wealth. It’s akin to constructing a robust portfolio that withstands the market’s regular short-term fluctuations.

Dividends can keep you calm
Even when share prices wobble (and they will), dividends provide solace by whispering, ‘Fear not, we’ve got this.’

Skate.

Are you sure about this?

12 Biggest Dividend Cuts and Suspensions of 2023

In this article, we discuss 12 biggest dividend cuts and suspensions of 2023. You can skip our detailed analysis of dividend stocks and their performance this year, and go directly to read 5 Biggest Dividend Cuts and Suspensions of 2023. It’s not uncommon for companies to reduce or even suspend...

finance.yahoo.com

https://www.barrons.com/articles/wendys-hasbro-kohls-vail-dividend-stocks-cut-226f4e4b

Do big companies cut dividends to grow?

We look at why successful companies almost never cut dividends, instead reducing them only in the face of low earnings or challenging economic conditions.

www.mckinsey.com

You'll probably earn a lot less from stock dividends this year

Companies are cutting back on investor payouts in the face of economic uncertainty.

fortune.com

Dividend.com

This article goes through some of the most well-known company collapses in recent history that were former dividend-paying stocks.

www.dividend.com

jog on
duc

 

[Captain_Chaza]

Sorry
-- I had to cancel that Video --
It was Just an Add!

 

[Skate]

Are you sure about this? YES

@ducati916, while I accept the observation and remarks about dividends in the article, I concede that while share prices can indeed be volatile, dividends often exhibit a remarkable consistency. Let me make a few remarks of my own.

Stable Dividend
Large ASX companies that I have invested in, tend to have Stable Dividend. These five companies (ANZ, BHP, CBA, FMG and WDS) have a dividend policy to ensure their shareholder base (investors for dividends) receives a steady dividend stream every 6 months, regardless of market volatility. That's the first point I want to make for you to consider.

This is important
I do concede that the exact dollar amount of dividends paid every 6 months will vary depending on the company’s earnings and overall performance during the preceding fiscal period.

Why Stable Dividends Matter
Stable dividend policies attract investors and enhance a company’s standing in financial markets. Such companies have the potential to raise dividends over the long term and at times enhance their share price.

Comparing Apples with Oranges
When comparing American companies to large Australian companies it’s essential to recognise differences. Australian companies not only pay regular dividends but also offer franking credits, making dividends even more attractive.

From one of the hyperlinks, you posted

Do big companies cut dividends to grow?

We look at why successful companies almost never cut dividends, instead reducing them only in the face of low earnings or challenging economic conditions.

www.mckinsey.com

"Large, stable corporations almost 'never cut dividends' as a strategic choice".

In summary
While dividend cuts can occur, especially during exceptional circumstances, established companies tend to 'prioritise dividend stability'. So, when it comes to dividends, the beat goes on! (Sonny & Cher)

Skate.

 

[Skate]

Sorry
-- I had to cancel that Video --
It was Just an Add!

@Captain_Chaza, you cancelled the video Just after I watched it.

It's a strategy
Investing in dividend-paying companies with franking credits attached can indeed be a smart strategy, especially for those seeking a reliable income stream. Why?

Steady Income
Dividend-paying companies provide a consistent and reliable source of cash flow for anyone seeking passive income.

Franking credits enhance income
Fully franked dividends are particularly attractive because they maximise the income - particularly when you are a retiree. Otherwise, 'franking credits' reduce the tax burden for all other shareholders. Simply put, 'franking credits' add an extra layer of stability to your investment portfolio.

Skate.

 

[farmerge]

@ducati916, while I accept the observation and remarks about dividends in the article, I concede that while share prices can indeed be volatile, dividends often exhibit a remarkable consistency. Let me make a few remarks of my own.

Stable Dividend
Large ASX companies that I have invested in, tend to have Stable Dividend. These five companies (ANZ, BHP, CBA, FMG and WDS) have a dividend policy to ensure their shareholder base (investors for dividends) receives a steady dividend stream every 6 months, regardless of market volatility. That's the first point I want to make for you to consider.

This is important
I do concede that the exact dollar amount of dividends paid every 6 months will vary depending on the company’s earnings and overall performance during the preceding fiscal period.

Why Stable Dividends Matter
Stable dividend policies attract investors and enhance a company’s standing in financial markets. Such companies have the potential to raise dividends over the long term and at times enhance their share price.

Comparing Apples with Oranges
When comparing American companies to large Australian companies it’s essential to recognise differences. Australian companies not only pay regular dividends but also offer franking credits, making dividends even more attractive.

From one of the hyperlinks, you posted

Do big companies cut dividends to grow?

We look at why successful companies almost never cut dividends, instead reducing them only in the face of low earnings or challenging economic conditions.

www.mckinsey.com

"Large, stable corporations almost 'never cut dividends' as a strategic choice".

In summary
While dividend cuts can occur, especially during exceptional circumstances, established companies tend to 'prioritise dividend stability'. So, when it comes to dividends, the beat goes on! (Sonny & Cher)

Skate.

Ditto my previous response to you Professor !!!!