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[EquisMetaStock Group] Re: Buy High or Low? - an informal poll



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68% winning trades... but, is it profitable overall?


j '-)
http://www.metastocktools.com



--- In equismetastock@xxxxxxxxxxxxxxx, "asis_rc" <asis_rc@xxx> wrote:
>
> Jose,
> One  of my Intraday strategy (gives me 68 %  winning trades)is 
> whenever a stock closes near the High (above 30% of the Range),Buy 
> next day at open to Sq up at (30% of previous Day's Range + Pev H) 
> or at end of 1st Hr whichever is earlier.
> Asish
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@> 
> wrote:
>
> 
> Hmmm... perhaps I've made it sound more complicated than it needs 
> to be.
> 
> Imagine it's 7pm in the evening, 3 hours after market close, and 
> the day's final data arrives.  We now know today's Open, High, Low
> and Close of the day with 100% certainty.
> 
> We look at our finalized data, and find that today our favorite 
> stock has closed within 4% of today's High.  Our decision now is:
> 
>  1) Go Long at tomorrow's Open (strategy Y).
> 
> OR
> 
>  2) Go Short at tomorrow's Open (strategy X).
> 
> 
> Which strategy is more likely to be profitable in the long run?
> 
> ---------------------------------------------
> 
> Strategy Y:
> ==========
> 
> * Buy Long at tomorrow's Open if today's Close was within
>   4% of today's High.
> 
> * Sell Long at tomorrow's Open if today's Close was within
>   4% of today's Low.
> 
> 
> Strategy X:
> ==========
> 
> * Buy Long at tomorrow's Open if today's Close was within
>   4% of today's Low.
> 
> * Sell Long at tomorrow's Open if today's Close was within
>   4% of today's High.
> 
> ---------------------------------------------
> 
> 
> Y is basically a short-term trend-following strategy.
> X is basically a short-term contrarian strategy.
> 
> So, which strategy is more likely to be profitable in the long run, 
> Y or X?
> 
> 
> jose '-)
> http://www.metastocktools.com





 
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