Breaking the Pattern Day Trading Barrier

Discussion in 'Journals' started by expiated, Nov 18, 2019.

  1. expiated

    expiated

    There were no picks from Wednesday, November 27, 2019.
     
    #31     Dec 2, 2019
  2. expiated

    expiated

    Thursday, November 28, 2019 was a national holiday.
     
    #32     Dec 2, 2019
  3. expiated

    expiated

    Stock Picks from Friday, November 29, 2019...

    CDE $6.56
    TECD $144.89
    CHTR $470.01
    ISBC $12.06
    CMRE $8.23
     
    #33     Dec 2, 2019
  4. expiated

    expiated

    Friday / December 6, 2019 / 1:30 p.m. PST

    I completely forgot about this thread after Thanksgiving. Going back to the last crop of picks, CDE was up in the neighborhood of $7.32 for a 12% increase before taking a dive today. That would have been about a $116 profit. Even now at $6.80 it is 4% above the purchase price and would return a gain of about $37.

    TECD, CHTR, and ISBC all came down, but it's hard to say in hindsight exactly where I would have gotten out. Or perhaps it's not hard, but just too much trouble to bother with going back and figuring it out exactly.

    CMRE did not show weakness until today, so the $8.88 exit is legit. So here are the best and worst case scenarios for the last set of equities I bothered screening.

    ScreenHunter_7227 Dec. 06 13.22.jpg

    Too bad I didn't have this system back in 2008 when I had $15,000 in my E*Trade account. Of course, buying $1000 worth of each stock would have meant putting up about 7% of my total equity per each trade. However, if I were only really risking one to two percent of each 7% unit, I don't think one could say this would have amounted to throwing caution to the wind.

    Yesterday's (Thursday) Picks:

    RF 16.88
    ACAD 50.48
    EWT 40.08
    AXE 88.80
    AMKR
     
    Last edited: Dec 6, 2019
    #34     Dec 6, 2019
  5. expiated

    expiated

    Oops! My bad, I deem a stock to evidence weakness when its Heiken Ashi Candlesticks reverse color, but I forgot to turn the Heiken Ashi chart property on, so even though CMRE was showing a red (normal) candlestick today, this did not trigger a position exit yet.

    Here is the update for yesterday's picks...

    ScreenHunter_7228 Dec. 06 13.53.jpg

    Since I'm not trading real money and have completely finished designing this stock filter, I am no longer willing to pay for the data, so I get the numbers a day late and am limited to only five stocks per day. This means I will not have today's picks until Monday.
     
    #35     Dec 6, 2019
  6. destriero

    destriero


    Baller!
     
    #36     Dec 6, 2019
  7. expiated

    expiated

    Wednesday / November 4, 2020

    I have returned to this thread for two reasons. First, I have completely finished developing my Forex trading system, which I call Numerical Price Prediction, and have nothing more to add to any related threads.

    Second, I am looking into the possibility of trading fractional shares (stock slices) using my favorite stock screen/filter of all time (created sometime between last year and 2015) and any thoughts related to this supplemental activity I'm planning to type here.

    There were a number of equities that would have been recommended for purchase just before today's close, so I'm limiting my search to those under twenty bucks, which returned the following:

    JMIA $17.64
    INFY $14.68
    UMC $5.58
    HOME $16.98
    SURF $8.95
     
    Last edited: Nov 5, 2020
    #37     Nov 5, 2020
  8. expiated

    expiated

    Thursday / November 4, 2020

    ScreenHunter_8900 Nov. 05 07.56.jpg

    My approach is to hold on to stocks as long as they are gaining value, but to dump them as soon as they drop by -1% or more from the previous price. This would mean selling UMC today for a -4% loss.
     
    #38     Nov 5, 2020
  9. expiated

    expiated

    I limited today's picks to stocks under $10...

    PEIX at $7.18 and SPI at $8.07 looked rather unusual, so I will be curious to see what they do tomorrow. If I were making actual purchases, I would have selected PBI at $5.83, GOGO at $9.21, CBAY at $8.50 and STKL at $7.25.
     
    #39     Nov 5, 2020
  10. expiated

    expiated

    Dumping HOME and CBAY

    ScreenHunter_8903 Nov. 06 09.41.jpg
     
    #40     Nov 6, 2020