Stock market to the middle class is lottery to the underclass. Background This is the sister thread to "I trade 1 ES". 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 Pâs 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: I trade 1 ES Vechicle: futures Leverage: high Trade: in and out Bias: up and down Stops: yes Indicators: MACD, CCI perpetual lottery tickets drawer Vechicle: penny stocks Leverage: none Trade: buy and hold Bias: up and up Stops: no Indicators: price is its own indicator
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.