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Daytraders After Market Lounge 29th Sept, page-61

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DrSeuss

14,059 Posts.

5

30/09/15

08:54

Post #: 16085151
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Originally posted by hibikidan333 ↑

A bit more info on the table:
The underlined values is the best decision to make given the stocks performance for the day (Nash equilibrium). For instance, if the stock was to tank and no hit 5%, it would be best to have set a entry price that was not reachable (based on the different outcomes noted as 0,-ve).

My aim is to make sure that I consistently display the best decision in any given stock movement scenario. In other words, the majority of my trades should sit in these categories.

Some insight becomes immediately clear from this table:
* My entry targets is risk adverse (all gains for entry not reached)
* I'm picking stocks that have a clear direction (greater than 5%) (low amount for stock rising 5% then reversing)
* My stock selection could be much better (too many stocks that tanked that never reached 5%(18+4)) You were right @Dr. Seuss.

Theres a figure that I need to find out, which will be part of a latter post.
* How am I doing with entries that return 0%?

Expand

Hi Hibi. Control of your mind is paramount. You may find that when you move to trading (as opposed to paper trading), many of your ideas so far may go out of the window. You may find that you need a system that suits your personality. IMO you really need to trade for real. Obviously start small and get a taste of making and losing money for real. Not advice. Just opinion.
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