| StockFetcher Forums · Filter Exchange · TRO'S CROCK POT 2.0 | << 1 ... 8 9 10 11 12 ... 27 >>Post Follow-up |
| shillllihs 6,090 posts msg #157440 - Ignore shillllihs modified |
8/26/2021 5:49:17 PM If you want about a 95% winning daily rate and some real runners add. volume is above 4000000 draw Lower Bollinger Band(20,1.25) draw Median Bollinger Line(20,1.25) draw Upper Bollinger Band(20,1.25) stock price crossed above lower bollinger band(20,1.25) |
| snappyfrog 749 posts msg #157443 - Ignore snappyfrog |
8/26/2021 9:36:18 PM Oldsmar52 is correct. It works beautifully. Week after week after .. |
| Cheese 1,374 posts msg #157444 - Ignore Cheese |
8/26/2021 9:55:21 PM https://www.stockfetcher.com/forums/Filter-Exchange/TRO-S-CROCK-POT-2-0/115856/90 snappyfrog 8/26/2021 9:36:18 PM Oldsmar52 is correct. It works beautifully. Week after week after .. ======================================================================= @snappyfrog good to know thank you for sharing your experience. |
| VenturaTrader 44 posts msg #157446 - Ignore VenturaTrader |
8/26/2021 10:11:33 PM Yes Mac, the forums can be a goldmine of ideas from old and new posters. Shilllings asked about limiting losses. Oldsmar just hung on to losing positions and he claimed eventually they were breakeven or profitable. That was not my experience; I had a couple of positions which really tanked that quickly ate up profits from past and future positions. When the hope is to make 2% weekly profit and your stock unexpectedly and quickly drops 20% that's difficult to recover from. Some folks would suggest a price stop which many times could hit the stop, get sold and then the position heads back up; a whipsaw. Been there done that! My thinking now is to use a time stop to limit the losses and get out of the position on Friday afternoon if the price target has not been hit from Monday morning to Friday afternoon, just to end any agony. Plow the money back into a new crock pot and move on. Shilllings idea of using higher volume stocks is good. If a market order is place at the open on Monday morning as Oldsmar did, and the price spread is wide on a low volume stock, the fill price may not be great. Regarding the use of indicators, it appears that Avery created the crock pot with the idea of relying on probability instead of indicators. If a stock has gone up 2% the past 49 of 52 weeks, then there is a 94% chance it will hit the price target of 2%. If a stock has hit a 2% gain 50 times the past 52 weeks, then that's a 96% chance of success. It was just that small chance of bad trades with large losses that made me abandon the crock pot. Maybe I will give it another go; I had high hopes for the crock pot. Oldsmar was very inspiring. |
| Cheese 1,374 posts msg #157447 - Ignore Cheese |
8/26/2021 10:27:21 PM https://www.stockfetcher.com/forums/Filter-Exchange/TRO-S-CROCK-POT-2-0/115856/90 VenturaTrader 8/26/2021 10:11:33 PM Shilllings asked about limiting losses. Oldsmar just hung on to losing positions and he claimed eventually they were breakeven or profitable. That was not my experience; I had a couple of positions which really tanked that quickly ate up profits from past and future positions. When the hope is to make 2% weekly profit and your stock unexpectedly and quickly drops 20% that's difficult to recover from. Some folks would suggest a price stop which many times could hit the stop, get sold and then the position heads back up; a whipsaw. Been there done that! My thinking now is to use a time stop to limit the losses and get out of the position on Friday afternoon if the price target has not been hit from Monday morning to Friday afternoon, just to end any agony. Plow the money back into a new crock pot and move on. Shilllings idea of using higher volume stocks is good. If a market order is place at the open on Monday morning as Oldsmar did, and the price spread is wide on a low volume stock, the fill price may not be great. Regarding the use of indicators, it appears that Avery created the crock pot with the idea of relying on probability instead of indicators. If a stock has gone up 2% the past 49 of 52 weeks, then there is a 94% chance it will hit the price target of 2%. If a stock has hit a 2% gain 50 times the past 52 weeks, then that's a 96% chance of success. It was just that small chance of bad trades with large losses that made me abandon the crock pot. Maybe I will give it another go; I had high hopes for the crock pot. Oldsmar was very inspiring. ================================================================================= @VenturaTrader Mike, I can't thank you enough for sharing your experience ! Very much appreciated. I will study your feedback and the crock pot threads very carefully. Very best wishes with your trading and future crock pots. |
| shillllihs 6,090 posts msg #157448 - Ignore shillllihs modified |
8/26/2021 10:55:53 PM Huge losses on those that fail. Perhaps a trailing 6-7% stop and let them all run but I never use stops. Avery & Kevin always gave me high hopes but both always had that one flaw…oh well. Would like to see them come back to see if they’ve developed any true game. |
| Cheese 1,374 posts msg #157449 - Ignore Cheese |
8/27/2021 2:45:53 AM @VenturaTrader Mike, You may find these two crock pot tools by sandjco quite helpful for what-if study: https://www.stockfetcher.com/forums/Filter-Exchange/Random-Collection-of-Filters/140632/-1/140637 Thanks again for sharing your crock pot trading experience. Best. |
| redversa721 157 posts msg #157459 - Ignore redversa721 modified |
8/28/2021 2:15:43 PM I did a lot of analysis on this over the past few days. Buying more than 10 on Monday [> 15 is optimal] is the way to go. on average in the top 15-20, there are 1-2 stocks each week that does not hit 2% in the next 15 days. Typically close loss for those that did not hit 2% is between 10-25%. On account of that, if you just only buy the top 5, your account will be wiped out in a few months. By increasing the number of wins by buying more stocks on open, you can minimize your loss. I did a quick simulation, with a 20 buy run each monday and an estimated 2-3 stocks that do not exit at 2% success but rather a 15% loss after 15 days, in just one run with a 10K start the year 1/Year 2 and Year 3 end values are the following. I also added the year gains. Year 1 Year 2 Year 3 19340.47 39290.43 77962.88 93.40% 292.90% 679.63 % |
| Cheese 1,374 posts msg #157460 - Ignore Cheese |
8/28/2021 6:35:36 PM https://www2.stockfetcher.com/sfforums/?q=post&fid=1002&tid=115856 redversa721 modified 8/28/2021 2:15:43 PM I did a lot of analysis on this over the past few days. Buying more than 10 on Monday [> 15 is optimal] is the way to go. on average in the top 15-20, there are 1-2 stocks each week that does not hit 2% in the next 15 days. Typically close loss for those that did not hit 2% is between 10-25%. On account of that, if you just only buy the top 5, your account will be wiped out in a few months. By increasing the number of wins by buying more stocks on open, you can minimize your loss. I did a quick simulation, with a 20 buy run each monday and an estimated 2-3 stocks that do not exit at 2% success but rather a 15% loss after 15 days, in just one run with a 10K start the year 1/Year 2 and Year 3 end values are the following. I also added the year gains. Year 1 Year 2 Year 3 19340.47 39290.43 77962.88 93.40% 292.90% 679.63 % ================================================================================= @redversa721 THANK YOU very much for sharing your research and simulation. From my reading the threads and learning so far. TRO's original rules seem to be: * stick to 1% weekly gain (in total, net) * don't be greedy Reference: https://www.stockfetcher.com/forums/Filter-Exchange/TRO-CROCK-POT-SLOW-COOKERS-FOR-SWING-TRADERS/67200/40 TheRumpledOne 9/23/2008 11:16:20 AM |
| snappyfrog 749 posts msg #157461 - Ignore snappyfrog modified |
8/28/2021 7:52:57 PM I have always found my best percentage movers in the $5 - $20 range. That is the range I play. Here are a few ways I trade this and things I have found to be true: 1. If a person sets a 2% limit and gets out, it can be tough to turn a profit just by picking the top 5. To make my odds better, I spread my money out over 10 stocks. 2. I don't set a 2% sell limit. I am able to watch the stocks more closely during the day and will let winners run. 3. I compare my picks to other scans and try to pick those that have the best potential to make a move upwards. 4. If one or more stocks gap down at open, one can wait until later in the day or up to Wed before entering the trade. If a stock is down 3% and then reverses, the gains back to the 2% weekly win are greater. 5. You will see the same stocks at the top each week. This will allow you to play them over and over each week. When you become familiar with a specific stock, you see patterns each week that give you great clues on exits and when to hold longer. 6. If you get bored trading the 2% list, then select 1% sorting next week and 5% sorting the following week. Nothing wrong with that. I know he was strict about following the rules, but rules are meant to be bent sometimes. |
| StockFetcher Forums · Filter Exchange · TRO'S CROCK POT 2.0 | << 1 ... 8 9 10 11 12 ... 27 >>Post Follow-up |
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