One possibility might be to restrict possible stock picks to those that have a 50 day average volume of at least 250k. Just an idea. g
I'll dive in and play. It's just for fun. Sounds kinda like the "monkey/dart thrower outperforms fund mangers" challenge back in the .com days, but here goes! LONG: AVT, MNC, MVL SHORT: NOI, BDX Equal weighting of 20% each. I took about 5 mins to come up with these picks based on relative strength. I'll check back next weekend to see how lucky/unlucky I was. This strategy is one I use, but as others have posted, real life trading would not have me locked into a Monday average to Friday close swing trade. Cheers! May the best monkey win.
Lets start during the first week of May. By then I hope to have some guidelines. Feel free to do as you please, though. ---Fish
Hey there Fish. No offence, but you do sound like someone just "enlightened" by Finance 101, coming to set the record straight. Pick some stocks and hold them five days, you say? *wry smile* You'll probably get the "results" you're looking for, but the exercise -- given that it has little to zero in common with trading --would prove pretty much zilch with respect to "beating the market".
It's Thurs and my 5 stock portfolio is green! not bad. 4 of my 5 picks are in the money. lets see what friday closes at. fishsauce, do you calculate it on a % return basis or actual $ basis? DNAJ65000
Awesome, i think you have to risk-adjusted it. Ri - rf divided by max drawdown or standard deviation.