| StockFetcher Forums · General Discussion · BEHOLD THE HOLY GRAIL | << 1 ... 4 5 6 7 8 ... 14 >>Post Follow-up |
| KSK8 561 posts msg #145761 - Ignore KSK8 |
12/28/2018 3:59:26 PM THE RULES: After the market close run the filter and choose the stocks that fall under this criteria: 1. Close MUST be between $0.1 and $10 2. Stocks can not be an etf or an otc. ETF's & OTC's simply won't undergo this strategy's phenomenon and OTC's are too difficult to short anyways. 3. Volume must be above 1,000,000 shares, don't worry about the average volume. 4. Liquidity (price*volume) must be above 1,000,000. 5. The close must be at LEAST 10% below the current day's high, this indicates there was a failure intraday to make higher highs. 6. RSI(2) crosses above the threshold of 98. Discard any candidate that has its RSI(2) already occupying above that level. This is the technical signal of overextension. This must be the first day its crossed above. 7. Regarding position size, do not short more than its 5 period average volume, for obvious reasons. I have never seen this before so don't worry about it. 8. Entries MUST be at the open of the market. Don't wait for it to fall before getting in, you'll be too late. 9. Do not violate rule #8. Other: -Avoid playing a candidate that had its price driven by a catalyst such as a biotech fda approval or a reverse split, the next day will either be whipsaw or the chance of a higher high. -Even if TDAmeritrade has shares to borrow, REFRAIN from using them. The slightest bit of whipsaw will result in a margin call with those guys. Stick to Centerpoint or Speedtrader, they are not nearly as strict. For those who may complain about how often opportunities come up with this filter. PUT ON YOUR GLASSES!! You will NEVER have a down month trading this!! Cheers, KSK8 |
| KSK8 561 posts msg #145762 - Ignore KSK8 |
12/28/2018 4:11:31 PM shillllihs, Fair point on the borrowing aspect. But you are WRONG. Have you ever even shorted a stock under $5? My biggest gain was $197,000 off of $MNGA back in September that this filter gave me. That one single gain was almost half of what you made with your entire filter that you claim took you "a long time" to craft. Go calculate how many shares that would have required me to borrow and then tell me borrowing is still a major problem. |
| nibor100 1,046 posts msg #145775 - Ignore nibor100 |
12/30/2018 3:40:16 PM @ksk8, Since you did not tell us now many shares you had to borrow in September in order to short MNGA I tried running your updated filter to find out how many for myself. Unfortunately it does not return MNGA for any day in September and then I tried your original filter and still no September results for MNGA?? Is there still a missing rule or missing criteria from those shorting filters you have already posted? Thanks, Ed S. |
| KSK8 561 posts msg #145776 - Ignore KSK8 |
12/30/2018 4:10:48 PM nibor, When I made that play in the beginning of October, (not sure why I said september) I broke my own rules and got greedy with it since it was a big red day with tremendous selling pressure and so many shares available. The version above is built to be more durable and I should have mentioned you wouldn't find it in there with that specific version. You'll find similar plays but I only mentioned my MNGA gain because shillllihs doesn't seem to have a clue about the availability of shares you can borrow when shorting. |
| shillllihs 6,047 posts msg #145778 - Ignore shillllihs |
12/30/2018 8:20:29 PM Oh K. You are on an ultra conservative site, the method is neat but though you say system is ultra safe it still does not preclude a massive spike while shorting 200k, I mean you can lose 50k plus in a day. And looking back, I don’t get a sense of 95% accuracy. No big deal, if I’m wrong I’ll miss out and everyone will get wealthy. |
| Lapre506 48 posts msg #145779 - Ignore Lapre506 |
12/30/2018 8:30:24 PM Is there a reason why you choose to borrow shares on these rather then just buy puts on the optionable ones? |
| KSK8 561 posts msg #145780 - Ignore KSK8 |
12/30/2018 9:15:36 PM shillllihs, Trust me, even when I'm down 10k, its not fun. But my faith in the mechanical prospect of it is what holds up my endurance to not be impulsive. And the 95% accuracy is relevant to the interlude of time. Hence the stochastic series gives us evidence of its long term performance will pursue effective. Let me be clear Shillllihs, I am not trying to joust you but I am indeed befuddled that someone such as yourself is perceiving this as incoherent. And nobody said you have to trade as large as I might. The old saying goes; Don't knock it till you try it |
| Eman93 4,750 posts msg #145781 - Ignore Eman93 |
12/30/2018 10:25:06 PM K, I will always have some kind of stop loss usually below the last swing low on the daily. |
| KSK8 561 posts msg #145782 - Ignore KSK8 |
12/31/2018 1:19:41 AM Eman93... This is not a long filter |
| 15minofPham 170 posts msg #145797 - Ignore 15minofPham |
12/31/2018 1:26:03 PM KSK8 style & temperament reminds me of Wallstreetgenius. Now only if the Rumpled One comes back to debate, then we can party like it's 2008! |
| StockFetcher Forums · General Discussion · BEHOLD THE HOLY GRAIL | << 1 ... 4 5 6 7 8 ... 14 >>Post Follow-up |