The 4% stop on [[SCC]] was hit today. Both SCC and EFU (stopped out yesterday) reversed today for large gains. You win some; you lose some.
BHH built a new spreadsheet, from my poorly designed sheet. The losses from SCC and EFU are recorded, and the open positions of QID and SDS are marked-to-market. Should QID and SDS stop out, (which could be a real possibility after the Apple Inc. [[AAPL]] earnings), the system will be holding realized gains of approximately $2,500.00
Keep in mind that the QID and SDS trades are still open, so this equity curve will change.
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I want to now take a look at yesterday’s theoretical entry into SCC.
I’ve circled the opening 3 minutes from Monday, 10/20/08. The data window shows that the opening bar traded 2629 shares, with most of them being sold. The next two bars traded 365 and 265 shares, respectively. After that, the price jumped above the opening price, on 400 shares, and then proceeded to trade up to 6 points higher than the open.
As I did not watch SCC trade, I can only trust Susan from the comments section that the spreads were huge. I want to believe that since the Big Bamboo would have been buying 103 shares, into a falling ask, that the system would have gotten a decent fill on the opening bar. It is all conjecture, and we will never know. What is certain is that there was very little liquidity. I intend to look back at the historical trades this system has made, and see how many times SCC has been traded. It may have created unrealistic results, and SCC might be excluded from future system trades.
No New Entry Signals for Wednesday.
Just checking in. Even though you have no signals, that is somewhat of a signal, at least to me.
Also, your instructive discussions with the others here on the board is also helpful.
And, we can’t forget the banter and badgering for entertainment and some laughs.
Yo Wood what are the technicals saying of this market…
I am net 100% long right now, because I think we are severely oversold…I might double down on today’s weakness..
What you think? Thx!
Big Mike, I’m bullish. I think it is natural to have a shakeout. I’m not relying overly much on the technicals right now, just gut.
Keep in mind the Big Bamboo is still short.
I bought SCC shortly after the open at 138.88 and the spreads were fine. I think it was one of those temporary screw with your head things. I guess I missed the spot where it stopped out, but I used a 5% stoploss, not 4%.
If you were in SCC right now at cost of 138.88, you would hold, right.
I can’t find the original bamboo system post, what’s your exit signal?
nevermind, it’s right to the right, in front of my nose, lol
derr, RSI2>80 is your exit signal.
I created a new page for the big bamboo system. The link is beneath my covestor widget and above PPT ad. It has the first two posts on the system which explain the details.