- Joined
- 30 June 2007
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How do you know that your 1.5c from the low of the day?
If you have an open lower than your buy price what do you do?
Do you have a stop?
How do you manage risk?--whats the strategy?
How do you justify the 50-100% claim?
Wouldnt you be better off trying this at a support level rather than EVERY bar?
Like $1.10.
You read the tape, and if you're wrong, you're wrong, and you won't get your 50-100%. As I say, you have to be able to read the depth or you won't make those sort of returns.
O<C, no problem. O>C, no problem. Just read the depth.
Time stop only. EOD or tomorrow's open, and that is my risk management. I've done the sums on that.
50-100%? By backtesting.
sky, you have to sell some time. Sell whenever you like.
You could put a .005 ProfitStop on it, but I can't backtest that without intraday data. Could work quite nicely, I expect.
Absolutely nioka, you're competing with churning and manipulating bots a well as other traders and short sellers. It's always like that, just harder with a short time frame. I chose LYC because it IS the traders stock. FMG a close second.
then sell at tomorrow's open
Time stop only
Will be interesting
Personally I think depth means little as sellers and buyers will hit at market.
Condition for sell.
When --how long.?
You read the tape, and if you're wrong, you're wrong, and you won't get your 50-100%.
I've done the sums on that.
50-100%? By backtesting.
Hi I'm interested to know why LYC now ?
Currently volatility is just over 6%, only 5 times in the last 12mths has it reached this low level, average has been around 10% plus it's been from a higher price range.
Trouble with backtesting is, the stock usually moves within the life-cycle, which I think LYC has, now in the mark down phase where trading opportunities may gradually decline as the stock nods off to sleep.
Dont get me wrong, 6% volatility is ok, but better if you are trading, leading into periods of expanding volatility rather than the other way around.
Stock selection a whole subject on it's own..
You read the tape, and if you're wrong, you're wrong, and you won't get your 50-100%. As I say, you have to be able to read the depth or you won't make those sort of returns.
O<C, no problem. O>C, no problem. Just read the depth.
Time stop only. EOD or tomorrow's open, and that is my risk management. I've done the sums on that.
50-100%? By backtesting.
Paper trading to begin. I have bought $1.15, real volume, real time. I can't prove it, and I don't care. Neither should you!
EDIT: ok bought now 1.16.
The sell is always next day's open
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