Kevin_in_GA
4,599 posts
msg #116123
- Ignore Kevin_in_GA
modified |
10/21/2013 9:54:17 AM
SFUN - 74 shares (in at 57.68, profit target at 58.83)
DUST - 120 shares (in at 34.98, profit target at 35.68)
CSIQ - 183 shares (in at 23.73, profit target at 24.21)
QCOR - 65 shares (in at 64.56, profit target at 65.85)
YOKU - 140 shares (in at 30.14, profit target at 30.74)
WLT - 280 shares (in at 15.25, profit target at 15.56)
Here I am using the open prices from Yahoo as of 9:53 AM.
update at 12 PM - CSIQ hit the target, and YOKU and WLT came within 1 cent, but did not hit yet and are now lower.
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BarTune1
441 posts
msg #116129
- Ignore BarTune1
modified |
10/21/2013 12:49:38 PM
I'm getting 23.85 as the open on CSIQ through TD.
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Kevin_in_GA
4,599 posts
msg #116132
- Ignore Kevin_in_GA |
10/21/2013 1:30:10 PM
Stockcharts and Marketwatch also have it as opening at 23.85, so let's go with that.
Therefore the profit target is 23.85 * 1.02 = 24.33 and the high seems to be only 24.25, so none have hit yet.
Note - Yahoo and Finviz still showing this opening price as 23.73 but I'd go with the TD data since it is brokerage data. Thanks, Bartune
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johnpaulca
12,036 posts
msg #116135
- Ignore johnpaulca |
10/21/2013 4:11:15 PM
TOS...opened at $23.85
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alf44
2,025 posts
msg #116142
- Ignore alf44 |
10/21/2013 8:36:20 PM
... TOS = TD Ameritrade ! fwiw
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Kevin_in_GA
4,599 posts
msg #116150
- Ignore Kevin_in_GA
modified |
10/22/2013 9:24:53 AM
SFUN - 74 shares (in at 57.68, profit target at 58.83) - currently at 55.55
DUST - 120 shares (in at 34.98, profit target at 35.68) - currently at 32.88
CSIQ - 183 shares (in at 23.85, profit target at 24.21) - currently at 23.12
QCOR - 65 shares (in at 64.56, profit target at 65.85) - currently at 63.27
YOKU - 140 shares (in at 30.14, profit target at 30.74) - currently at 30.49
WLT - 280 shares (in at 15.25, profit target at 15.56) - currently at 14.97
New day, new opportunity to trip these profit targets. I will say that there is an inherent risk here regarding big drops that effectively wipe out all of the other small gains. Trade this system carefully for now (ideally paper trade it) since no one has been able to get decent backtest data published here yet.
DUST down 11+% today - currently at 29.15 as of this writing (now down 16.6%). This is clearly the Achilles' heel for this strategy - a single blow like this wipes out all prior gains over the past few weeks.
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compound_gains
222 posts
msg #116170
- Ignore compound_gains |
10/22/2013 3:01:38 PM
DUST down 11+% today - currently at 29.15 as of this writing (now down 16.6%)
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IMO 2x and 3x ETFs are just too volatile for this type of filter.
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Kevin_in_GA
4,599 posts
msg #116171
- Ignore Kevin_in_GA |
10/22/2013 3:51:39 PM
Or just take a position in both DUST and NUGT at the open and use 3% trailing stop loss on both. The loser stops out quickly while the other runs. Likely to make a net gain on the pair. And it could be done every day.
Somebody should test this ...
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BarTune1
441 posts
msg #116172
- Ignore BarTune1 |
10/22/2013 4:16:11 PM
Kevin, you made a suggestion like that 4 years ago on SPXU and UPRO .... or a pair like that. The equivalent position without the extra commissions is to place two on-stop buys at +3% on the pair.
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alf44
2,025 posts
msg #116173
- Ignore alf44
modified |
10/22/2013 4:20:59 PM
Or just take a position in both DUST and NUGT at the open and use 3% trailing stop loss on both. The loser stops out quickly while the other runs. Likely to make a net gain on the pair. And it could be done every day.
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Kinda like a Put/Call Spread !
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