| StockFetcher Forums · General Discussion · BEHOLD THE HOLY GRAIL | << 1 2 3 4 5 ... 14 >>Post Follow-up |
| KSK8 561 posts msg #145696 - Ignore KSK8 |
12/24/2018 12:31:13 PM SFMc01, Centerpoint is the best broker for short selling hard-to-borrow stocks under $5.00. |
| KSK8 561 posts msg #145697 - Ignore KSK8 |
12/24/2018 12:51:05 PM Mac, Put on your glasses, what are you NOT seeing about this? close is 10% below high is PART of what makes this criteria so accurate. If this filter was a human being I would literally get down on one knee and propose to it. This IS it chief !! |
| Mactheriverrat 3,173 posts msg #145699 - Ignore Mactheriverrat |
12/24/2018 1:19:06 PM My hats off to you! Sorry for the poking at you . Have a Merry Christmas! |
| nibor100 1,099 posts msg #145703 - Ignore nibor100 |
12/24/2018 3:11:49 PM Who could predict that the first stock picked by a claimed 95% accurate shorting filter for StockFetcher, OBLN, would be a loser???? Could there some pertinent information regarding this strategy that was not provided? Clearly it wasn't backtested on StockFetcher so what stock data was it backtested on, and how does that data compare to SF stock data? What is the max drawdown history? What are the expected "big profits" for a 1 day trade? If we are supposed to run it every day as this sentence from his 1st post seems to imply: "code me a filter that lets me run the scan button and it gives me a stock that has a 95% chance of making a big profit the next day" . Why does a quick check of the past 10 days comes up with 6 days of no results? At that rate, it might take us a little over a year to make 100 trades in order to see if only 5 of them were losers and 95 were winners. Ed S. |
| shillllihs 6,101 posts msg #145704 - Ignore shillllihs |
12/24/2018 4:25:39 PM Just another kid with a dream. But just to entertain you, 1. You know it’s tough as hell to find shares after a spike, everyone wants to short the same crap. 2. If you had all the answers you would not be here. 3. You are excited to get rich ez, and. I commend you for it but this is called irrational exuberance. 4. Problem is you seldom get enough results to work with. 5. 1 bad spike undoes all your efforts. 6. 1 massive spike and you will have to pay even more. Other than that cool filter. Are you that old poster Marry for money? |
| KSK8 561 posts msg #145705 - Ignore KSK8 |
12/24/2018 4:27:10 PM Nibor, Ahem! Crying about the 5% occurrence and disregarding the incredible accuracy & returns goes to show you are in the same boat as mac. Why does a quick check of the past 10 days comes up with 6 days of no results? Learn a prospect called patient. I assume immediately that you're foreign to such an attribute. Very sad for someone who appears to have spent years on this website and can't create a filter that comes close to competing with mine. The strategy is so straight forward it boggles me that some people here can't mathematically grasp it. Stick to your low win rate and low returns grunt and unless you have something to contribute or a SERIOUS question hop off my thread. Happy Holidays! KSK8 |
| KSK8 561 posts msg #145706 - Ignore KSK8 |
12/24/2018 4:35:39 PM shillllihs, I respect your work & contributions to this forum so I won't question your intelligence. But I will address each concern. 1. Centerpoint offers hard-to-borrow shares, also the best broker for short selling practically anything 2. I'm on here because I can afford for the strategy to decimate and still remain wealthy. 3. I'm already there chief 4. High win rate + high return = worth the wait 5. Short squeezes DO NOT transpire with this setup- I challenge you to present an example 6. If you trade with 200k per position, commissions are diminutive to the outcome of the trade And no I am not Marry4Money |
| nibor100 1,099 posts msg #145708 - Ignore nibor100 |
12/24/2018 10:04:50 PM @KSK8, Here's a tip for you, if you want to own a thread on SF make it read only, otherwise expect to get what you ask for.... Being a mathematician and retired cost analyst I've seen many, many claims of profit making strategies that don't hold up when actual data is provided for all to see and analyze. Which is the primary reason I asked all of my questions which I still believe to be serious in nature. So I hope you are as patient with me as I use my own patience and understanding to sort thru the assorted text claims and rants you've provided until some actual data appears. ( note the use of the English language in regards to the words patient/patience) 1. Historical backtest data when further back than 3 years is often full of survivorship bias due to stocks being delisted over time and secondly the universe of stocks that the backtest may have been conducted upon, may differ in many ways from the current universe of stocks that SF deals with. 2. Max Drawdown info is key info for many traders to consider when choosing which strategies to follow. Even my simple 10 days quicklook of your filter results showed 1 of your short picks surging higher after the open by more than 70% before the days close, which usually is not a good situation for shorts to be in. Other times Max Drawdown data leads to discovery of chains of consecutive losing trades that some traders might not want to deal with. But without any actual data who knows? 3. I'll be among the first to praise your strategy and filter if the data required to answer those questions is ever provided and proves out your claims. I've come up with a few more less serious questions related to the filter you provided: a. what is the point of your "offset is 0" line it looks like its superfluous to me. b. What is the purpose of the 30 filter lines after the mysterious "close is 10% below high" line? Those lines seem to have absolutely nothing to do with finding the stock selections that we are supposed to short, unless there is something else you haven't told us about this strategy? Perhaps those lines present some additional decision criteria for evaluating whether or not to pull the trigger on the shorts? Bur, surely you wouldn't need them since the strategy is already so perfect. You could have just as easily claimed 20 years of results and 98% accuracy or 1 month of results and 100% accuracy and it would still read to many of us as all text no fact! By the way I have no problem being in the same boat as Mactheriverrat. Actually it is a preferred boat to that of the hype dinghy that you seem to be captaining. Thanks again for your patience, Ed S. |
| KSK8 561 posts msg #145711 - Ignore KSK8 modified |
12/25/2018 12:38:06 AM nibor, In statistics when you analyze a stochastic series (this is nothing to do with the stochastic oscillator)..the representative sample for an infinite population is 967 (or above) cases tested. Only then you can be probabilistically sure that a rule has been born. Over the past 14 years for this specific system there has been well over that sample number. To answer your drawdown concern in a simple approach; Show me a stock produced by this filter that closed over 70%. Good luck finding one because scenarios like so don't exist. And 14 years of data tells me it won't! RULE OF 967! Also you can't make the argument that it won't work live trading because it does work !! LOL Now to address your minor questions; The point of the "offset is 0" is for those who don't have a subscription would still have the ability to look back into data to see the historical results. Now the purpose of the columns based upon price movement are all for my own leisure because despite being 100% mechanical I feel it is always educational to know what the stock has been doing prior to the criteria transpiring and that is how I gauge price action prior to the current session. "it is a preferred boat to that of the hype dinghy that you seem to be captaining" You can insult me all you want but at the end of the day you haven't posted a better system filter. I'd like to see you do so, but I am confident you CAN'T. Cheers & Merry Christmas! KSK8 |
| shillllihs 6,101 posts msg #145714 - Ignore shillllihs modified |
12/26/2018 3:37:14 AM Not that I was trying to create a better filter than anyone for shorting but after partying for 2 days I felt I needed to create something. You guys don’t need to like it but what do you all think? I call it, Fukin Good Short Maybe I didn’t create the whole thing but altered some stuff, I’m really drunk so not sure but looks real good. Does this beat your filter? |
| StockFetcher Forums · General Discussion · BEHOLD THE HOLY GRAIL | << 1 2 3 4 5 ... 14 >>Post Follow-up |
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