Posted by mastermind on 10th of Apr 2024 at 02:27 pm
Thankfully I did have a market stop on NAIL and it got hit
yesterday. This is an example of a good result from having a market
stop rather than a mental closing stop. It's down 14% today and may
get worse before the close.
yes one big melt down days the stop will save you. But again
it's different for every case
here's the standard KISS system for NAIL, one shows stopping at
the stop intray day the bottom on, and the one at the top uses the
close - cleary this time was best to use the stop as that was
a slight winning trade, vs close version being a loser
HOWEVER what are the differences on the statistics, which one
has been better over the long run?
the one that uses the close has a profit factor of 4.8.
the one that uses the stop, has a profit factor of 2.78,
therefore the close stop has been better over the entire
history.
Also - soon I'm going to be changing the default setting
globally across all the current KISS tables, the new default change
improves stats on all 750 stocks, the new settings on NAIL has a
profit factor of about 8 -
again I'm simply pointing out with systems you really have to
look at the collective history as a whole, you have to be careful
and not to make a change that makes the most recent trade better,
without seeing the effect on the whole history. That's why I wanted
to show this because on NAIL the stats have been quite better
using the close.
again that's what makes trading complex - this time was better
to use the stop, and you can try and manage each trade on your own,
or just follow the system
Posted by mastermind on 10th of Apr 2024 at 03:33 pm
OK, I get what you are saying. But one correction. The stop on
NAIL was actually hit yesterday, so in this case you would have
avoided the gap down today with a stop in place.
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Thankfully I did have a
Posted by mastermind on 10th of Apr 2024 at 02:27 pm
Thankfully I did have a market stop on NAIL and it got hit yesterday. This is an example of a good result from having a market stop rather than a mental closing stop. It's down 14% today and may get worse before the close.
yes one big melt down
Posted by matt on 10th of Apr 2024 at 02:37 pm
yes one big melt down days the stop will save you. But again it's different for every case
here's the standard KISS system for NAIL, one shows stopping at the stop intray day the bottom on, and the one at the top uses the close - cleary this time was best to use the stop as that was a slight winning trade, vs close version being a loser
HOWEVER what are the differences on the statistics, which one has been better over the long run?
the one that uses the close has a profit factor of 4.8. the one that uses the stop, has a profit factor of 2.78, therefore the close stop has been better over the entire history.
Also - soon I'm going to be changing the default setting globally across all the current KISS tables, the new default change improves stats on all 750 stocks, the new settings on NAIL has a profit factor of about 8 -
again I'm simply pointing out with systems you really have to look at the collective history as a whole, you have to be careful and not to make a change that makes the most recent trade better, without seeing the effect on the whole history. That's why I wanted to show this because on NAIL the stats have been quite better using the close.
again that's what makes trading complex - this time was better to use the stop, and you can try and manage each trade on your own, or just follow the system
OK, I get what you
Posted by mastermind on 10th of Apr 2024 at 03:33 pm
OK, I get what you are saying. But one correction. The stop on NAIL was actually hit yesterday, so in this case you would have avoided the gap down today with a stop in place.