read the comments, commissions do not nor should they be applied
because it's not meant to be a strategy. This exercise is to
show pure market movement only, commissions don't mean anything
here. It's simply to show that the market has made the
majority of its gains on morning gaps vs intra day moves.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
what was the max and typical drawdown for the buy on close system?
Updated Statistics showing the market makes most of its gains on gaps
Posted by 2schnauzers on 26th of Jun 2017 at 04:08 pm
I'd be interested in hearing about drawdowns. Also if it netted $500k I dont think commissions would be a consideration :-)
read the comments, commissions do
Posted by matt on 26th of Jun 2017 at 05:49 pm
read the comments, commissions do not nor should they be applied because it's not meant to be a strategy. This exercise is to show pure market movement only, commissions don't mean anything here. It's simply to show that the market has made the majority of its gains on morning gaps vs intra day moves.