Kevin_in_GA
4,599 posts
msg #107482
- Ignore Kevin_in_GA |
8/9/2012 9:52:32 AM
Just to let folks know - I bought SSO this morning at $57.92. I tried to get a slightly better price watching the quote, and it moved up faster before I pushed the button.
Marketwatch says it opened at 57.74 this morning - should have just set it and let it take the open price, I guess!
|
Nickster8074
53 posts
msg #107484
- Ignore Nickster8074 |
8/9/2012 10:26:52 AM
Kevin, what I did to avoid the run-up is to buy at about 30 seconds before open. The bid ask spread was only 3 cents and it got me in at 57.77. I did have a question though. You mentioned earlier in this thread that trading this filter without a stop loss was more profitable, will you be trading that way or will you use a trailing stop loss? Thanks again for the great filter!
|
Kevin_in_GA
4,599 posts
msg #107486
- Ignore Kevin_in_GA |
8/9/2012 10:59:41 AM
The account I am using only uses standard stop losses, no option for a trailing stop. I will probably just move it manually.
|
drew9
171 posts
msg #107487
- Ignore drew9 |
8/9/2012 11:07:37 AM
This mornings update shows it has flipped back to a short. Looks amazingly familiar to the June 8th trade. I am putting on another short postion today. I told you this was an incredibly accurate filter! :)
|
Kevin_in_GA
4,599 posts
msg #107499
- Ignore Kevin_in_GA |
8/9/2012 2:43:05 PM
I agree that it looks like a one day whipsaw, but it is a profitable trade so far. That type of whipsaw I can live with.
|
tennisplayer2
210 posts
msg #107500
- Ignore tennisplayer2 |
8/9/2012 3:04:00 PM
If we follow the filter 100%, we are suppose to sell SSO tomorrow at the open and also buy SDS at the open (if this holds up). If this holds up, I will buy SDS at the open tomorrow and not the close today. Thanks again to Kevin.
|
tombrown1
61 posts
msg #107510
- Ignore tombrown1 |
8/9/2012 10:44:10 PM
Aug. 8, 2010-Aug. 8, 2011
SSO gained 7%
SDS lost 12%
Sorry, but this causes me to abandon this backtest. Those are unacceptable results for an entire year's worth of trading regardless of what else it did in previous years.
Too bad because I had some hope for this strategy. If I find some time maybe I'll try it with stops.
Best,
Tom
|
johnpaulca
12,036 posts
msg #107512
- Ignore johnpaulca |
8/10/2012 12:04:06 AM
you need to catch earlier in the cycle, nothing wrong with the strategy....cycle is long in the tooth and market is mean reverting.
|
Kevin_in_GA
4,599 posts
msg #107527
- Ignore Kevin_in_GA |
8/10/2012 10:06:59 AM
SSO down a bit today - currently at 57.55, so I'm down about 0.67% and the system entry at yesterday's open is only down 0.33%.
I'll be looking for a better exit price over the next few hours, which should also give me a better entry for SDS. Knowing my luck when I do not rigorously adhere to my own system rules, this will probably backfire on me ...
|
Kevin_in_GA
4,599 posts
msg #107528
- Ignore Kevin_in_GA
modified |
8/10/2012 2:30:24 PM
Out of SSO at 57.83, for a loss of about 0.15%.
UPDATE: Figures - it closes at 58.20.
I bought into SDS at 14.50 late day.
|