My daytrading strategy is entirely based on chart, with huge edge. No any other indicators.Make decisions on chart only.
Well I trade mainly the Canadian market but without checking my records Ihad a fairly long run with both KL and BHC (when it was Valeant Pharma) Used the 50 day ma as an exit alert.
Thanks again for taking the time to respond. Still to complicated for me. Back to google to look up thematic trend, mimic convexity and having problems wrapping my head around portfolio beta. You must have a pretty good record or a lot more capital than I have if you can afford 7k per month for research & data.
You have one strategy that’s ran since 2018, and your other two strategies either started on 4/2020 or at the beginning of this year. That’s not real proof. As of last Friday:
Yes, 3 years record is not a proof, your one day record is a proof. As I said, no logic on your words. BTW, those strategies are not mine, mine is significantly better. But I don't care to prove to anyone.
As I said on another topic, stocks like AMC are easy to find entry and exit. Entirely based on chart, it takes 3 seconds to make a decision. Entry on 5/24, exit on 6/9. I can show you next time there is a trade signal.
If you are long beta over a longer timeframe, which is pretty much what you’re doing + a momentum overlay, then you can be quite profitable and don’t need to worry about how robust your process is. You don’t need an edge to build wealth because you are carried by the positive (long term) skew was in equity beta and momentum. As long as you don’t exit at the bottom, you’ll be fine. I think a good analogy is a good restaurant vs a Michelin starred restaurant. Both can make you very happy, but the competitive element of the latter forces participants to eek out marginal improvements. Just because you can grill a tri tip doesn’t mean you can earn a star. But not everyone needs to be Gordon Ramsey.
That wasn’t proof that I’m profitable or have an edge, it’s proof that I’m not trading 5k and pretending to be some whiz. Almost everyone on this forum made money on AMC, it’s also not proof that you have an edge. What’s funny is that I systematically started to buy AMC (reopening play), but even I would be hesitant to say it was an edge. AMC on March 15:
"it’s proof that I’m not trading 5k and pretending to be some whiz." It is not a proof. "Almost everyone on this forum made money on AMC," No,. Your words show you don't have much of trading knowledge. For stocks like AMC, there are always some people buying high and selling low.