Due to my rules AGN has hit the 5 day max holding period. Thus it will be closed at or around close tomorrow.
AGN should be closed today. However, due to changing market conditions I want to hold it until tomorrow to see if there is any follow through. Normally a bad idea to violate my trading rules. But how much can one day hurt
Since yesterday CMED closed above the previous days high I closed CMED out this morning at 38.92 which is a gain of: +8.6% Closed AGN which I should have closed yestereday but I let it ride one more day sold at 55.90 which is a loss of -2.3% I closed AXS also because it closed above its previous days high, sold at 36.36 which is a gain of + 2.8% 9.1% I am still holding ALNY because no exit signal has been given yet. Results so far: Total Gain Since Starting Journal: +35.82% Return on Trading Equity so far (ROI): +8.95% 9 winning trades 2 losing trade
how do you find trading a multiday timeframe compared to intraday trades? its always been a key design element in anything that iv worked on that no unhedged positions would be held over night. i wonder if i am missing out on a lot of good strategies because of it.
Walter, I'm finding that using a multi day time frame.. even if its short like 1-5 days like i'm doing is a bit easier to profit than intraday. As I'm sure you know most of my automated trading strategies I have worked on in the past were all intraday strategies. This is really one of my first moves into a slightly longer time frame. I am not sure if its just the fact that this way slippage/commission is less of a factor... or if its related to I have a much larger pool of potential trades, so I can find the one matching what i'm looking for instead of being constrained to the specific stocks my intraday strategy is geared towards..Not sure which it is, just seems "easier"