For the week, [[SPY]] was up 2.16% while the Power Dip was up ~3.5%. It was a great week for the system.
On Monday’s open, all open positions, Kirby Corporation [[KEX]] , China Nepstar Chain Drugstore Ltd. [[NPD]] , Saks Incorporated [[SKS]] , Cohen & Steers Quality Income Realty Inc Cohen & Steers Quality Income Realty Inc [[RQI]] , and FMC Corporation [[FMC]] will be sold. This will make 83 closed trades since May, the majority of trades including real slippage in the entry and exit prices.
The spreadsheet is showing that the Average Trade of 0.88% is getting very near what we would expect from backtesting, while the Win% is matching expectations. (While it is not a requirement for a good system, I love a system with a high Win%!)
Commissions as a % Profit are decreasing. I have not backtested this measure so I do not know if it is within a normal range.
All in all, this last round of Power Dips worked out perfectly. The dip was bought when most everyone was selling/fearful, and now the positions will be liquidated into strength, returning the system to cash when the markets are approaching overbought.
great work Shed, big up yourself.
holy shit, look at my gravatar. It’s like a female Meatwad.
Hi,
Are you sharing Power Dip with your readers or are you simply reporting on your own trades?
Thanks.
Russ, I have not shared the specific criteria of the Power Dip. I do share the buys and sells before they happen, at least 30 mins before the market opens, but often even earlier.
The strategy seeks to buy dips in the strongest stocks.
OT – Hey Woody, Jason Treu has a post up on champagnes, do you have any particular brand of moonshine that you prefer/recommend?
Aristotle, I’m particular fond of peach and grape, but blackberry can be especially good if made well.
As you may or may not know, Southwestern Virginia is to moonshine as Bordeaux is to French wines.
White lightening is fine too, but may need a some Mountain Dew to go with it.
Ha ha, LMAO