Village Elder
231 posts
msg #150446
- Ignore Village Elder |
1/22/2020 8:03:15 AM
The system is what it is - I have no plans to change it at this time, and will continue to post results as I have been doing so far. By all means set up alternatives to what I am doing, and feel free to post the complete results here, or create a new read-only thread to share the system and results.
No cherry picking of examples, though - document each trade as it is signaled and follow through with specific exit rules. See how it performs, and if it is better than the current system I will adapt and adopt.
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Village Elder
231 posts
msg #150450
- Ignore Village Elder |
1/22/2020 9:18:22 AM
Something that KSK8 had mentioned regarding short squeezes got me thinking - a possible indicator of this (and potentially a good long trade signal) is when the volume for the day exceeds the number of shares outstanding. For today's trades (1/22) that would look like this:
The ratio for NNVC and NVAX are unusually high. I am not sure if this is really a thing or not, but I'll add it to the review and if there is a trend I'll let folks know.
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KSK8
561 posts
msg #150451
- Ignore KSK8 |
1/22/2020 9:25:44 AM
It's called float rotation/float turnover. I'm no expert on it but I do know that the more the float turns/rotates, the more volatile the stock can be especially if its a low float.
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xarlor
620 posts
msg #150466
- Ignore xarlor |
1/22/2020 6:06:14 PM
A silly discovery; if a stock trades 100x its shares outstanding in a single day, it seems doomed to go down.
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KSK8
561 posts
msg #150483
- Ignore KSK8
modified |
1/23/2020 6:02:54 PM
Kind of the same scenario for this condition. I call it the 'line of death' because price usually won't sustain when these 2 lines intersect.
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sandjco
648 posts
msg #150485
- Ignore sandjco |
1/23/2020 9:39:17 PM
Xarlor and KSK8, thank you so much for sharing. It is like another world (shorting) opened up and de-mystified the myths I have been exposed to for years!
Getting filled (guess it is broker related - I use TD Ameritrade) has been a challenge for me. I am testing the field playing it using put options. Right now I'm in on NVAX.
All the best!
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shillllihs
6,101 posts
msg #150490
- Ignore shillllihs |
1/24/2020 12:27:35 AM
Results would have been different if you waited for a piercing red candle through bb.
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Lapre506
48 posts
msg #150493
- Ignore Lapre506 |
1/24/2020 7:03:36 AM
I'm also playing some of these with Put options but with NVAX I played it with a put spread since the volatility was so high. These shorting systems are amazing on paper but in real trading finding shares to short is almost impossible on all of them.
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KSK8
561 posts
msg #150496
- Ignore KSK8 |
1/24/2020 11:12:53 AM
Lapre506,
Not true, you have to find a broker that allows you to route your own shares. TD Ameritrade is horrible when it comes to this. But Centerpoint and Tradezero allow it.
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Lapre506
48 posts
msg #150497
- Ignore Lapre506 |
1/24/2020 11:25:36 AM
I am trading on TD, Fidelity, IB, and Webull for a variety of different strategies. It's not just TD the other 3 rarely have shares either. And the HTB fees are like 200% on some of the ones they do have. I'll give Centerpoint and Tradezero a lookover.
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