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  #41  
Old 08-06-2018, 04:56 PM
CowboyGuy CowboyGuy is online now
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I think the best way for me is to do this and report back after a few days.
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  #42  
Old 08-06-2018, 05:05 PM
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only a few days?
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  #43  
Old 08-06-2018, 05:22 PM
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Originally Posted by yoyo View Post
only a few days?
For a start. If we were talking about swing trading, should have been weeks. Few days are enough to report back some results for day trading.
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  #44  
Old 08-06-2018, 06:39 PM
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I strongly encourage you to open a paper trading account for this exercise... losing real money may focus the mind but why pay when you can experiment at no cost?
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  #45  
Old 08-08-2018, 09:11 AM
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Originally Posted by IANAE View Post
I strongly encourage you to open a paper trading account for this exercise... losing real money may focus the mind but why pay when you can experiment at no cost?
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  #46  
Old 09-10-2018, 12:20 PM
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Originally Posted by Abstract Actuary View Post
Stocks frequently move 2%+ in a day, you're right. But what you're not accounting for is that many times that movement happens (or a big chunk of it happens) at open. So if you're not holding overnight, you don't participate. So let's say it opens up 80 bp, then you buy, it ends up up 130 bp on the day (or only up 30 bp), you only fluctuate 50 bp. Assuming this dampens the gains and losses that you are expecting, the 1% min and higher max is less likely hit, and the foundation of the strategy is weakened. Maybe you need to reduce the thresholds (50 bp losses, 150 bp gains?). I'd be curious to see the stats on intraday movement - because the headline number is not truly intraday.
I haven't still pulled the trigger on this, and mostly because of the above. I agree intraday volatility is an issue for retail investors. I'm trying to think if there's any way to deal with it. Maybe trade leverage stocks, and as long as you have the stop loss applied, you should be okay?
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  #47  
Old 09-10-2018, 02:32 PM
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looking at the market from last week, not sure what is making you optimistic right now.

I feel like you are going to hit a lot of your stop loss orders over the next few months.
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  #48  
Old 09-10-2018, 03:13 PM
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Originally Posted by DataDan View Post
looking at the market from last week, not sure what is making you optimistic right now.

I feel like you are going to hit a lot of your stop loss orders over the next few months.
Not being optimistic. Just trying to analyze the pros and cons of this strategy, especially in sort of a bearish market.
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