After exploring the depths of profit taker heaven and stop loss hell, after combining many different indicators, finding correlations with momentum, trend, volatility, you name it... After trying to adjust the strategies to different assets, asset classes, market conditions... After finding out that each of these steps are way more difficult than I thought and will require much more rigor and a start from scratch...
I remembered the golden rule of strategy...
"Keep it simple, stupid!"
When others are buying like rabid dogs, you sell...
When others are selling like mad monkeys, you buy...
When others are greedy, you are fearful... When others are fearful, you are greedy...
So, we trade from overbought to oversold. No profit takers, no stop losses, no optimization for a specific stock or time frame or asset class, no correlation with other indicators... Just overbought to oversold.
Win rate of 90+%, profit factor of over 5.0, compared to holding the stock indefinitely with a loss of 80%.
Happy trading!
I remembered the golden rule of strategy...
"Keep it simple, stupid!"
When others are buying like rabid dogs, you sell...
When others are selling like mad monkeys, you buy...
When others are greedy, you are fearful... When others are fearful, you are greedy...
So, we trade from overbought to oversold. No profit takers, no stop losses, no optimization for a specific stock or time frame or asset class, no correlation with other indicators... Just overbought to oversold.
Win rate of 90+%, profit factor of over 5.0, compared to holding the stock indefinitely with a loss of 80%.
Happy trading!