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Can Just One Trade a Day Be Any Good?Everyone wants a trading strategy that allows you to make one trade per day, yet you can still beat the market. Here we explore how you could make one. The Strategy: Gap & Go for Biotech Stocks We decided not to reinvent the wheel and just took the highly popularized "Gap & Go" strategy. The “Gap & Go” is looking for a stock gap up from the previous day's close price with the goal to follow an uptrend. We use biotech stocks as they tend to have higher volatility compared to other industries. You can easily find way more information about the idea and the thesis behind it. We also have a detailed explanation of the enter and exit conditions below. Screening Criteria Biotech Equities (we're using iShares Biotechnology ETF $IBB as a list) Up in the morning 3% or more Are above pre-market high and yesterday’s high Enter Criteria (when to open the position) Stock price is above EMA 9 Stock is going up and EMA 9 is going Exit Criteria(when to close the position) Price crosses below EMA 9 and stays there for 3 bars End of the same day Trailing stop loss of 1.0% Conditions $10,000 trading capital Do not trade early close days Only one trade per day If no equities meet the screening or entry criteria, do not trade The Results: +58% gain over one year Profit $5,801.4 | Wins 48 | Losses 49 Looks pretty decent, but we think that’s just the beginning as we’re going to improve it even further by looking at overall market conditions like $SPY behavior or news. Disclaimer: Not financial / investment advice
NASDAQ:IBBEducation
by BreakingEquity_official
BUY NOW and set your year RETURN. Hi traders, USD loosing strength due to the increase of interest rates. that will not only affect the currency short term but long term, consequences of Inflation. currently many central governments are raising interest rates and according to their monetary policy, we can expect the price to behave emphatically. -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
Long
by BlaiseThewinner
2
Most gains for $SPY happen overnight: a quantitative studyAccording to the New York Times 2018: most gains for $SPY happen overnight. "If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571 percent." We thought why not to review this thesis in a bit more detailed way. We set a simple backtest that is not going back to 1993 but to Jan 1, 2010: hold overnight and sell in the morning. The Setup $10,000 to trade daily (nightly actually) Trading only $SPY Buy at 3:59 using a market order Sell at 9:30, 9:31, 9:32, 9:33, 9:34, 9:35 (let's see which one does better) using a market order Do not trade on early close days Algo Parameters Enter Criteria: 1.#No condition - just enter a position 2.True Exit Criteria: 1.#Exit next day, when there is a position 2.$Position.size>0 The Results Strategy: Hold overnight, exit 9:30 Total wins: 1651 Total loses: 1359 Total gain: 79.54% Total gain 2022: -2.59% Strategy: Hold overnight, exit 9:31 Total wins: 1629 Total loses: 1341 Total gain: 80.04% Total gain 2022: -2.88% Strategy: Hold overnight, exit 9:32 Total wins: 1628 Total loses: 1342 Total gain: 88.80% Total gain 2022: -3.31% Strategy: Hold overnight, exit 9:33 Total wins: 1618 Total loses: 1352 Total gain: 94.28% Total gain 2022: -3.96% Strategy: Hold overnight, exit 9:34 Total wins: 1617 Total loses: 1353 Total gain: 94.11% Total gain 2022: -3.63% Strategy: Hold overnight, exit 9:35 Total wins: 1633 Total loses: 1337 Total gain: 90.48% Total gain 2022: -4.36% Disclaimer: This post is for fun and educational purposes only with no attempt to beat buy and hold. Do not use this as trading/investment advice.
AMEX:SPYEducation
by BreakingEquity_official
2
Can pre-market tell you anything: a quantitative studyPre-market is an exciting time when you start looking at your screens to check what's going on. There is a lot of information to consume: news, reports, charts... you can continue the list. In this study, we explore if price movement in pre-market can provide any indications of what the day is going to look like. There are 3 setups we tested from 2015 to 2022 Up 1%+ in pre-market Down 1%+ in pre-market Flat in pre-market (open and close are within 0.1%) Trading Conditions $10,000 to trade daily Trading only $SPY Buy at 9:30 if the condition is met Do not trade on early close days The Results: Most of the time when it's down in pre-market it tends to rebound. It's well known that bulls run by night and seem like tend to buy the lows if the early hours didn't work out. 2015: Down 1%: Gain 3.42%, Win/Loss 2/3 Up 1%: Gain -2.56%, Win/Loss 1/1 Flat: Gain -5.9%, Win/Loss 37/42 2016: Down 1%: Gain 1.26%, Win/Loss 2/1 Up 1%: Gain 2.66%, Win/Loss 2/1 Flat: Gain -2.11%, Win/Loss 37/39 2017: Down 1%: Gain 0%, Win/Loss 0/0 Up 1%: Gain 0%, Win/Loss 0/0 Flat: Gain 6.22%, Win/Loss 71/45 2018: Down 1%: Gain 3.61%, Win/Loss 2/1 Up 1%: Gain -2.73%, Win/Loss 0/2 Flat: Gain -1.44%, Win/Loss 48/35 2019: Down 1%: Gain 0.37%, Win/Loss 2/1 Up 1%: Gain 0.33%, Win/Loss 1/0 Flat: Gain 3.14%, Win/Loss 55/46 2020: Down 1%: Gain 3.85%, Win/Loss 8/9 Up 1%: Gain -2.85%, Win/Loss 5/7 Flat: Gain -3.02%, Win/Loss 39/27 2021: Down 1%: Gain 0%, Win/Loss 0/0 Up 1%: Gain 1.4%, Win/Loss 2/0 Flat: Gain 1.13%, Win/Loss 35/34 2022: Down 1%: Gain 1.25%, Win/Loss 1/1 Up 1%: Gain -3.26%, Win/Loss 0/2 Flat:Gain -2.61%, Win/Loss 2/2 Disclaimer: This post is for fun and educational purposes only with no attempt to beat buy and hold. Do not use this as trading/investment advice.
AMEX:SPYEducation
by BreakingEquity_official
Most traders underperform to a coin flip day trading botFirst-time day traders are most likely going to lose money. CNBC quotes at least four studies with a similar conclusion: 90% of traders fail to make money. The primary reason that most traders fail is not because of their strategy, it is because of their psychology. As Benjamin Graham liked to say, “The worst enemy of the investor is most likely himself.” To quantify how bad the fact of 90% losing money is, we compared it to a coin flip trading bot which makes a trading decision based on a virtual coin flip random(0,1) Below are the results for Trading $QQQ Random enter and exit at 10min intervals No stop loss Always exit EOD (no hold overnight) 100 simulations per year to smooth it out Algo parameters: Enter Criteria: $Random.random >=0.5 Exit Criteria: $Random.random >=0.5 Year over year performance: 2016: Average Performance 1.92% Best Performance 20.38% Worst Performance -10.21% Average MDD -6.65% 2017: Average Performance 3.08% Best Performance 10.92% Worst Performance -4.10% Average MDD -3.99% 2018: Average Performance -3.56% Best Performance 21.65% Worst Performance -21.08% Average MDD -12.05% 2019: Average Performance 4.80% Best Performance 15.61% Worst Performance -6.75% Average MDD -6.03% 2020: Average Performance 6.66% Best Performance 33.63% Worst Performance -17.12% Average MDD -10.69% 2021: Average Performance 2.41% Best Performance 26.31% Worst Performance -17.97% Average MDD -7.25% 2022: Average Performance -4.21% Best Performance 3.91% Worst Performance -10.00% Average MDD -5.40% We expected it to perform worse than that ;) Disclaimer: NOT financial/investment advice
NASDAQ:QQQEducation
by BreakingEquity_official
ALGOUSDT 4H Analysis🟢#ALGO/USDT $ALGO is trading inside descending parallel channel and now it is below the upper line that is the same with resistance zone. break out from the upper line can increase the price to the resistance zone between $1 and $1.05. also, it is possible that the price drops to the support zone around $0.77 and shapes a reverse head and shoulders then try to break out from the upper line. break below the support of $0.75 will drop the price to support zone between $0.7 and $0.65. ⚠ This Analysis will be update 🤵🏻 Analyzed By: AmirHossein 📅 02.26.2022 ⚠️ (DYOR)
by Trader_Needs
4
Bitcoin Dump on the 4 HourHello hello hello, yes I am only everyday and so far this is no change to my chart. Okay so on to pressing matters, Price has dumped below the uptrend seller limit I had set and there is a potential chance that it will make it's way to the next supply zone. However, I find that to be highly unlikely due to price not having touched the lowest trend line in ages. Being that the trend line was in charge of the initial buyer flow before it had initially taken off to the new highest high point, it will be a challenge for sellers to break past such a solid line because there are players out there ready to stop the flow. HOWEVER, the dump is particularly strong and on the 1 hour time frame, sellers had broken through the previous floor with no retaliation from the buyers side. There is something I will like to mention, there is a small seller candle with a short wick on the upwards section at Feb. 17, 2022 19:00 which confirms buyer presence and price seems to have slowed down right underneath the current trend line which shows there is a potential chance for things to slow down and consolidate. I would not trade at this point due to how volatile bitcoin is now but I would like to say that on the RSI section of things, price had hit a floor there that has shown good bounce backs. There was one event where price had oversold on January 21st and the 22nd for a few hours but had shot back out after trying to find itself. I do feel as if this is the limit for the dump but if not, there is a possibility that the next level will be the previous supply zone which is set around $39,000. I would suggest waiting this storm out and seeking a buyer candle confirmation and a small retest of the zone to see if it is actually as consistent as I make it out to be. Happy trading and once again I did not proof read this. If you found clarity using my ideas then enjoy and I wish you the best. Please do not over trade due to stress and economic disparity because you will be in a worse position if you trade now and screw yourself. What's 3 hours or so to you? Take a nap and your cash will still be there or don't and lose the cash and your despair will be worse. Pick and choose. The masters can trade on the shorter time frames and utilize the harmonics indicator and Bollinger bands + RSI to get a perfect entry but please don't do that now because anything can happen. A perfect setup could appear but bitcoin could do the exact opposite and just nuke itself the other way and take all of your cash. Anyways, no more parenting for me haha. Patience and wait for retests always. Price always repeats itself, just like war and games. It's all the same.
by Cordali
2