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!
Hey Rich,
Good results with SKF, :)
Can you try TNA ? It’s one of the newer etf’s and it seems to be gaining more followers. Thanks
Quentin
you got it, buddy.. TNA post is up. Enjoy.