THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
A little bullish biased toward tomorrow as SPY down 5 consecutive days, buy at close today sell tomorrow, you got 69% chances since the last 2000 trading days. And if hold until the very first green day, you’ll have 88% chances.
By the way, I saw someone mentioning SPY closes below BB bottom for 3 consecutive days, well, it’s a buy, but there’s a catch, since the last 2000 trading days, 5 out of 11 times, SPY closed below BB bottom yet for the 4th and even 5th day, so the strategy is to buy and hold until the very first day that SPY closes above its BB bottom, in which case, you’ll have 82% chances.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SDS |
06/06/2011 |
$21.57 |
100 |
$20.85 |
|
|
|
|
SDS |
06/06/2011 |
$21.57 |
200 |
$20.85 |
06/06/2011 |
$21.93 |
72.00 |
|
SDS |
06/01/2011 |
$20.61 |
100 |
$20.05 |
06/03/2011 |
$21.53 |
92.00 |
|
SSO |
05/27/2011 |
$53.70 |
100 |
$52.13 |
06/02/2011 |
$52.13 |
-157.00 |
Mistakenly closed the 05/26 long, bought back. |
SDS |
05/25/2011 |
$20.92 |
200 |
$20.05 |
06/02/2011 |
$21.15 |
46.00 |
Not fully positioned, may add on the way up. |
LAST |
|
|
|
|
|
|
1692.00 |
|
SUM |
|
|
|
|
|
|
1745.00 |
|
|
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
|
|