Kevin_in_GA
4,599 posts
msg #130101
- Ignore Kevin_in_GA |
7/27/2016 9:37:45 PM
That is pretty close to the "red floater" that JP was talking about. As I had stated earlier, this was exactly what got me thinking about developing a one day shorting filter. If you run "Filter Performance" against what I posted you can see that, on average, you get more red next days than green and they are often quite profitable. It might be a higher win % for a red floater but they are much less frequent so I would go for more trades at a possibly lower per trade win% as a way to maximize returns.
Again, I would counsel folks to do their own diligence on ANY filter posted here, including mine. This one has not been as thoroughly vetted as I would like, and I most likely jumped in too soon on today's trades, but I'll see what happens by the end of the day tomorrow.
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arimont
57 posts
msg #130110
- Ignore arimont |
7/28/2016 3:49:14 AM
Just to be sure I got it right:
when you say "The user-defined variable tradesize can be set for whatever your typical trading size might be. " you mean "how much capital I am putting in this trade in $ terms"?
for example if I am willing to put $1000 on a $20 stock then tradesize would be 50?
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Kevin_in_GA
4,599 posts
msg #130115
- Ignore Kevin_in_GA
modified |
7/28/2016 7:44:35 AM
Correct - the code here just lets you know how many shares are to be shorted for a given trade size in dollars. I used the ROUND() function here set at 0 (to the nearest whole number) but if you set it for 1 or 2 you'll get it to the nearest 10 or 100 shares, respectively.
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BarTune1
441 posts
msg #130117
- Ignore BarTune1 |
7/28/2016 9:21:18 AM
Kevin,
EXAS is shaping up pre-market to look like a pretty good trade.
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johnpaulca
12,036 posts
msg #130119
- Ignore johnpaulca |
7/28/2016 9:43:13 AM
EXAS...still too many buyers to short. Waiting to see who shows up below $16 would be prudent.
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Kevin_in_GA
4,599 posts
msg #130126
- Ignore Kevin_in_GA |
7/28/2016 11:15:08 AM
BEAV - bought to close 400 shares at $48.159 (Net $425)
AVY - bought to close 250 shares at $77.829 (Net $180)
EXAS - should have sold at the open for a quick 5%. Now at $16.90 so I'm down about $95. Will hold on through the rest of the day to see what happens.
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johnpaulca
12,036 posts
msg #130129
- Ignore johnpaulca |
7/28/2016 11:43:05 AM
EXAS....could run above $18($18.26ish)
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Kevin_in_GA
4,599 posts
msg #130146
- Ignore Kevin_in_GA |
7/28/2016 4:04:33 PM
PEN - short 300 shares at $68.543.
I will hold EXAS until tomorrow but no longer. I failed to take the early morning profit offered, and am kicking myself for it but that's part of the game.
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StefanM
25 posts
msg #130150
- Ignore StefanM |
7/29/2016 8:47:28 AM
Guys,
just a quick question as you are shorting stocks all day long: what are the risks of shorting stocks and holding them only intraday?
I suppose that takeover anouncements or other circumstances that may cause a short squeeze will be reported pre or after market, as well as regulatory changes. Or am I wrong?
Of course I already shorted stocks without thinking about that too much, but in case that I would open 2 or 3 short positions per day at the same time I maybe should think about it in a little more detail.
And about the uptick rule, as I understand I can buy stocks that I shorted before but at a higher than the last tick after a 10% drawdown. If I may be right with this?
I am ready to take a moderate risk, but I would not like to see a 20% spike up or something like this in one minute under the day while I am short, that is why I ask for it.
Is anyone in the mood to give me a hint on that?
Already now, thank you!
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StefanM
25 posts
msg #130154
- Ignore StefanM |
7/29/2016 10:21:38 AM
Sorry guys, I did not want to interrupt your conversation ... hopefully you do not start a new thread now anywhere else ..... :-))
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