Daytrading UltraShort Financials ProShares (NYSE: SKF) Yet Again
Posted on December 3rd, 2008
Written by Richard
Posted in: N/A (old archives)
Well, sadly, the fine traders at stocktwits discussed the UltraShort Financials ProShares (NYSE: SKF) more than any other stock, again. I’d just choose a stock that I like, but then retards would come out of the woodwork claiming I’m trying to hide something. So, here we go a third time in a row, with SKF.
So, clearly the first long trade is a stop-out. Then we get a nice winning long trade, and two winning short trades. 3 out of 4 ain’t bad! Definitely profitable.
Check out past posts tagged simple-stock-system if you haven’t… for such a simple combination of eotpro.com indicators, it performs pretty well I think.
As you can see, I always use the same indicator settings, always show you the whole day, always choose the volume chart settings based on the 30-day volume, and I just go with whatever stock the stocktwits discuss (unless a reader requests a stock). And the entries are chosen mechanically (see the dots in the first subgraph?)!
Anyway, I think a human trader could have easily gotten short in the morning, after that first stop-out under alla’s average. It wasn’t mechanically selected because the first red candle body was cut by the moving average. A human trader could assess the situation a little better. But, that’s why I call it the simple stock system… because it’s so simple!
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.