| StockFetcher Forums · General Discussion · BEHOLD THE HOLY GRAIL | << 1 ... 3 4 5 6 7 ... 14 >>Post Follow-up |
| KSK8 561 posts msg #145754 - Ignore KSK8 |
12/28/2018 2:10:36 PM Sure thing Nibor, but what do you mean by "English version of the methodology" ? |
| Mactheriverrat 3,173 posts msg #145755 - Ignore Mactheriverrat modified |
12/28/2018 2:52:04 PM A EMA8 cross below EMA21 . Short it till its cross's back above it. If the EMA8 cross's above EMA21. Then get out. If KSL8 short filter pops up a stock then trade that. This is a picture for going long. 
Same picture only inverted. 
http://filteringwallstreet.blogspot.com/2006/12/ema-crossovers-look-out-above.html |
| Mactheriverrat 3,173 posts msg #145756 - Ignore Mactheriverrat modified |
12/28/2018 3:09:45 PM @johnpaulca I was just being stupid on my first reply's to KSK8 . I think there is more than meets the eye with KSK8. I think he has more knowledge and would be a good add to SF posters. He may have even been here before . If one goes back day by day for a month one can see some nice shorting gains. |
| nibor100 1,099 posts msg #145757 - Ignore nibor100 |
12/28/2018 3:12:41 PM @KSK8, Some might call it a trading plan or trading plan algorithm, for example based on your currently published filter: a. Sell stocks at the Open that meet the following criteria after yesterday's Close and before today's Open and cover all short positions at the Close. b. Don't buy any ETFs nor any OTCBB stocks. c. Yesterday's Volume must be larger than 100K shares d. To ensure enough liquidity Yesterday's Volume times Yesterday's Close must be greater than $1M. e. Only short stocks whose closing price yesterday was less than $10 and greater than .10 cents. f. The stocks selected must also have yesterday's close lower than 90% of yesterday's Hign price. g. Make certain that yesterday's RSI(2) has crossed above 98 from the day before and stays above 98 at yesterday's close. (Note) g is based on your recent RSI(2) revelation, which we all could have spotted originally if we had seen some similar description of your shorting approach. Since I assumed you had been trading this using some other stock scanner than SF and knowing that translating scanning code from one sw package to another often has anomalies I was worried that we might not have all of the facts concerning the stock selection criteria. Especially since you had so many other info indicators built into your filter that seemed to have no bearing on the trading decisions. Ed S. |
| KSK8 561 posts msg #145758 - Ignore KSK8 |
12/28/2018 3:17:50 PM Mac, Ditch the ema8 crossing above ema21 and check out this faster ma cross: And thanks Mac I appreciate it! Cheers! |
| Mactheriverrat 3,173 posts msg #145759 - Ignore Mactheriverrat modified |
12/28/2018 3:21:52 PM Roger that KSK8 ! I did a little messing with you filter of changing rsi(2) > 95 It pops a few up each day and all have had some Great shorting gains. ------------- BTW- Thanks for the faster cross code - I'm calling it "KSK8 EMA symlist code" |
| shillllihs 6,101 posts msg #145760 - Ignore shillllihs |
12/28/2018 3:56:19 PM Just kidding, i traded this yesterday and made a million dollars. Good system, but I got to be cautious of that 150% borrowing fee, And that there are enough shares now that you told the whole world so we can all make a million dollars shortin penny stocks. Excuse me, I was attacked for simply pointing out that it wasn’t practical based on, there were not enough returns, there probably will still be issues finding substantial shares, even with the right brokerage, risks with shorting, risks with shorting low priced stocks and though borrowing costs may not be a factor, they are pretty high. I didn’t like the system that’s all. That didn’t warrant attacking me for making nearly a half a million bucks on a single etf. Next month when you guys get a signal, everyone make a mad dash to short the same shares ok. No need to silence me, if I’m right I’m right, if I’m wrong then you folks will be mega wealthy in 3 months by shorting 200k worth of joe blow. Let’s supervise this thread and see how it plays out. |
| KSK8 561 posts msg #145761 - Ignore KSK8 |
12/28/2018 3:59:26 PM THE RULES: After the market close run the filter and choose the stocks that fall under this criteria: 1. Close MUST be between $0.1 and $10 2. Stocks can not be an etf or an otc. ETF's & OTC's simply won't undergo this strategy's phenomenon and OTC's are too difficult to short anyways. 3. Volume must be above 1,000,000 shares, don't worry about the average volume. 4. Liquidity (price*volume) must be above 1,000,000. 5. The close must be at LEAST 10% below the current day's high, this indicates there was a failure intraday to make higher highs. 6. RSI(2) crosses above the threshold of 98. Discard any candidate that has its RSI(2) already occupying above that level. This is the technical signal of overextension. This must be the first day its crossed above. 7. Regarding position size, do not short more than its 5 period average volume, for obvious reasons. I have never seen this before so don't worry about it. 8. Entries MUST be at the open of the market. Don't wait for it to fall before getting in, you'll be too late. 9. Do not violate rule #8. Other: -Avoid playing a candidate that had its price driven by a catalyst such as a biotech fda approval or a reverse split, the next day will either be whipsaw or the chance of a higher high. -Even if TDAmeritrade has shares to borrow, REFRAIN from using them. The slightest bit of whipsaw will result in a margin call with those guys. Stick to Centerpoint or Speedtrader, they are not nearly as strict. For those who may complain about how often opportunities come up with this filter. PUT ON YOUR GLASSES!! You will NEVER have a down month trading this!! Cheers, KSK8 |
| KSK8 561 posts msg #145762 - Ignore KSK8 |
12/28/2018 4:11:31 PM shillllihs, Fair point on the borrowing aspect. But you are WRONG. Have you ever even shorted a stock under $5? My biggest gain was $197,000 off of $MNGA back in September that this filter gave me. That one single gain was almost half of what you made with your entire filter that you claim took you "a long time" to craft. Go calculate how many shares that would have required me to borrow and then tell me borrowing is still a major problem. |
| nibor100 1,099 posts msg #145775 - Ignore nibor100 |
12/30/2018 3:40:16 PM @ksk8, Since you did not tell us now many shares you had to borrow in September in order to short MNGA I tried running your updated filter to find out how many for myself. Unfortunately it does not return MNGA for any day in September and then I tried your original filter and still no September results for MNGA?? Is there still a missing rule or missing criteria from those shorting filters you have already posted? Thanks, Ed S. |
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