hello,
been paper trading with TC2000 for about 3 months now.
lost about 20K (on paper) in the first 6 weeks.
backtested lots of strategies tried to get a reliable system of
finding direction (either up or down) at the open.
i can now reliably find stocks that go up above the previous days' close or
the premarket morning low and place buy (limit) orders in (3) increments with
2 point spreads around that number. All of the stocks i'm choosing have a social media positive status with some sort of positive catalyst.
about 15-20% of these limit orders will get filled at one or more of my positions.
i do not place a stop at the open, i let the natural volatility of the open swing the stock up and down and try to get it to trigger my limit order. If the limit order(s) are not filled i cancel the orders and forget about the stock.
i have seen that even if i get filled and the stock continues to go down below the previous day's close i can always wait it out and it will recover during the day apparently due to the high social media coverage.
generally i watch the stocks go up in the first 2-5 minutes, place a hard stop once volatility stabilizes and i see maybe $1500-2000 green, and then manually move the stop up incrementally to scalp it until it stops itself out. I give it very little room to run. Then i take the $ and close out for the day almost always within 10-20 minutes from the open.
now my question.
since i see this working for me almost all the time what will happen if i go in with some really big share size, like 100,000 or 200,000 shares and do the same modus operandi, locking in profits and now i'm maybe $50,000 or more in the green and i'm trying to close out at market? (have not tried really big positions yet but i want to have an idea what might happen with real $)
i understand about spread, but during the open spread is usually very thin due to high volume trading so as yet this has not been a factor. I do not use "low float" stocks for this strategy.
i still don't see that there are enough shares available in level II to close me out at market at a really big position size---how will i close the trade?
possibly i cannot find the answer here, but i'm about to test this with real $.
i've already had some deals over 10k that close out ok (paper trading), but i'm wondering what would happen with real $ on the line.
i understand many would think this is risky trading, but i'm managing my initial risk with lowball limit orders on positive sentiment stocks that have lots of lookers. True, only a minority are getting filled, but when they do get filled there are big gains within 5 minutes. The only one i've lost on so far is MDVX which i''m been holding at 0.95 and now i'm back in the green, and i'm sure i can get out of it ok. So i've had consecutive green days for almost 3 weeks now. So nobody needs to tell me it doesn't work. Beating Ross Cameron every day with my very simple strategy. And i'm a newbie.
thanks.
been paper trading with TC2000 for about 3 months now.
lost about 20K (on paper) in the first 6 weeks.
backtested lots of strategies tried to get a reliable system of
finding direction (either up or down) at the open.
i can now reliably find stocks that go up above the previous days' close or
the premarket morning low and place buy (limit) orders in (3) increments with
2 point spreads around that number. All of the stocks i'm choosing have a social media positive status with some sort of positive catalyst.
about 15-20% of these limit orders will get filled at one or more of my positions.
i do not place a stop at the open, i let the natural volatility of the open swing the stock up and down and try to get it to trigger my limit order. If the limit order(s) are not filled i cancel the orders and forget about the stock.
i have seen that even if i get filled and the stock continues to go down below the previous day's close i can always wait it out and it will recover during the day apparently due to the high social media coverage.
generally i watch the stocks go up in the first 2-5 minutes, place a hard stop once volatility stabilizes and i see maybe $1500-2000 green, and then manually move the stop up incrementally to scalp it until it stops itself out. I give it very little room to run. Then i take the $ and close out for the day almost always within 10-20 minutes from the open.
now my question.
since i see this working for me almost all the time what will happen if i go in with some really big share size, like 100,000 or 200,000 shares and do the same modus operandi, locking in profits and now i'm maybe $50,000 or more in the green and i'm trying to close out at market? (have not tried really big positions yet but i want to have an idea what might happen with real $)
i understand about spread, but during the open spread is usually very thin due to high volume trading so as yet this has not been a factor. I do not use "low float" stocks for this strategy.
i still don't see that there are enough shares available in level II to close me out at market at a really big position size---how will i close the trade?
possibly i cannot find the answer here, but i'm about to test this with real $.
i've already had some deals over 10k that close out ok (paper trading), but i'm wondering what would happen with real $ on the line.
i understand many would think this is risky trading, but i'm managing my initial risk with lowball limit orders on positive sentiment stocks that have lots of lookers. True, only a minority are getting filled, but when they do get filled there are big gains within 5 minutes. The only one i've lost on so far is MDVX which i''m been holding at 0.95 and now i'm back in the green, and i'm sure i can get out of it ok. So i've had consecutive green days for almost 3 weeks now. So nobody needs to tell me it doesn't work. Beating Ross Cameron every day with my very simple strategy. And i'm a newbie.
thanks.
locking in profits with big share size
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