In all honesty, I wasn’t long this PDS pick as it was ranked 20th out of 23 stocks on that particular day, but after yesterday’s debacle, I figured you all wouldn’t fault me if I celebrated a little success.
Still, ALL of the PDS picks have positive expectancy, even the lowest ranked stocks.
We know this because every night’s picks are ranked using the same ranking mechanism, and every stock is bought and sold using the same rules. Thus, we can generate statistics, such as the 71% win rate after 862 trades, and more importantly, it is possible for anyone to trade the system and expect similar results (assuming the rules are followed).
Are you going to combine a market timing system (Market Dissector) with the Power Dip System? It seems like you are hinting at it. I like that idea a lot.
Yes and no. The power dip already has a market timing component built in to it.
I’m thinking of the breadth indicators as confirmation. It is easier for me to buy dips, especially when my bias is telling me not to, when there are other indicators confirming that it is time to buy.
Laugh and the whole world laughs with you? Good pick Wood.