Again you realize for the standard KISS systems, stops are close
confirming, not intraday, you wait for a close confirmation,
not an intra day stop, so I don't know what after hrs or magic has
to do with anything
also - the way the stats have always been built for the KISS
system tables is on the day the system triggers, the tables are not
using the closing price that day - they use the opening price of
the next day! All the stats on the trades are based on executing
the trade on the next day - that is assuming most will see the KISS
system trades after hrs or in the evening and not choose to enter
in after hrs that day but instead the next morning.
remember my discussion the other day about how Greg here has
been setting a buy stop a few pennies above the previous day's high
for the next day, and he said that has saved him from entering
quite a few times when the stock wouldn't follow through the next
day - I stated that I am adding that strategy to the KISS system so
that I can test it and report back to you guys - if that happens to
be an overall positive effect on the statistics - I'll officially
add that to the KISS systems
Plenty of room to set
KISS systems - looks like a lot of the indexes went back long, SPY, QQQ etc
Posted by mastermind on 9th of Aug 2024 at 05:50 pm
Plenty of room to set a stop near break even, the way I see it.
How do you set a
Posted by DigiNomad on 9th of Aug 2024 at 10:30 pm
How do you set a stop near break even for names that triggered today at the close? Some type of magic you haven't shared with the rest of us?
I’m sure that was directed
Posted by mastermind on 10th of Aug 2024 at 10:22 am
I’m sure that was directed at me, and I was saying IF the S&P continues to 5400 as you were proposing it would.
Digi - is that directed
Posted by matt on 9th of Aug 2024 at 11:29 pm
Digi - is that directed at me or someone else?
Again you realize for the standard KISS systems, stops are close confirming, not intraday, you wait for a close confirmation, not an intra day stop, so I don't know what after hrs or magic has to do with anything
also - the way the stats have always been built for the KISS system tables is on the day the system triggers, the tables are not using the closing price that day - they use the opening price of the next day! All the stats on the trades are based on executing the trade on the next day - that is assuming most will see the KISS system trades after hrs or in the evening and not choose to enter in after hrs that day but instead the next morning.
remember my discussion the other day about how Greg here has been setting a buy stop a few pennies above the previous day's high for the next day, and he said that has saved him from entering quite a few times when the stock wouldn't follow through the next day - I stated that I am adding that strategy to the KISS system so that I can test it and report back to you guys - if that happens to be an overall positive effect on the statistics - I'll officially add that to the KISS systems
read Gregs Post here
https://breakpointtrades.com/blog/post/435887/
I was responding to Mastermind's
Posted by DigiNomad on 10th of Aug 2024 at 10:59 pm
I was responding to Mastermind's post