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# Perpetual Lottery Tickets Drawer

Discussion in 'Journals' started by random trader, Sep 9, 2003.

Stock market to the middle class is lottery to the underclass.

Background

Objective
Buy and hold lottery tickets (penny stocks) until target is reached or all tickets expire.

System
Buy and buy more. Bias is up and up more. No indictors. Price is its own indicator.

Entry
Try to buy these tickets on sale. Those no one wants to touch are the best. That means they have to be cheap, right? Will be buying 100 shares of each. All subsequent calculations will be done in \$ terms, no percentages.

Stop
None. No fear.

Exit
Sell when the total investment doubles. No greed, just looking for a 100% gain.

Let N be the number of stocks, X be the \$ of total costs of N stocks, P be the profit on a stock
On any day
Rank all N Pâs from high to low and number them 1 through N
For I = 1 to N
If sum(P(I)) > 2X
Sell stock 1 through I
The rest (I+1 to N) is free lunch after the investment is doubled.

A comparison of the two experiments follows:

Vechicle: futures
Leverage: high
Bias: up and down
Stops: yes
Indicators: MACD, CCI

perpetual lottery tickets drawer
Vechicle: penny stocks
Leverage: none
Bias: up and up
Stops: no
Indicators: price is its own indicator

3. ### Spanky

i think u r going 2 make a fortune with this

9/9/03

N = 4
X = \$173
Sum(P) = \$19

Stock market to the middle class is lottery to the underclass.

At least you have a plan.

Found 3 lottery tickets under the bed this morning. In the afternoon went to the corner store and bought another one. Put all in the drawer.

9/10/03

N = 8
X = \$264
Sum(P) = \$6

Stock market to the middle class is lottery to the underclass.

Went to the friendly corner store at lunch time and bought a ticket.

9/11/03

N = 9
X = \$299
Sum(P) = \$2

Stock market to the middle class is lottery to the underclass.