104 Technical trading experiments by HUNTER

[HUNTERTop contributor]

Dear Friends,
I am coming to the forum after a long break. Being away mean you miss a lot but, on the other hand, you can look at things more openly.

I noticed there are lot of useful and thoughtful posts made by many of 'senior' as well as 'relatively new' members.

Having said that, I noticed, still there is some opportunity for me to try filling some gaps related to technical trading. Technical trading fits my lifestyle also these days since I am yet to allocate time for those lengthy funda-technical analysis.

GIVE ME YOUR VIEW HERE:
=================
I am thinking of learning things in this tread using experiments, and sometimes the 'hard way'.
My idea is to; decide on one technical trading technique; take one trade a week, continue for two years; and review what we will have experienced and learnt.

This is an open invitation for all of you; you like to participate in this two-year-long experiment? Without knowing what the outcome would be? Take your calculated risks? Take your bets on market emotions?

Let me know.....

[Topcat]

Im positive and eagerly waiting to taste the experiment.

[LSETech Contributor]

Dear HUNTER

Welcome back to the team mate....

Dear Friends,
I am coming to the forum after a long break. Being away mean you miss a lot but, on the other hand, you can look at things more openly.

I noticed there are lot of useful and thoughtful posts made by many of 'senior' as well as 'relatively new' members.

Having said that, I noticed, still there is some opportunity for me to try filling some gaps related to technical trading. Technical trading fits my lifestyle also these days since I am yet to allocate time for those lengthy funda-technical analysis.

GIVE ME YOUR VIEW HERE:
=================
I am thinking of learning things in this tread using experiments, and sometimes the 'hard way'.
My idea is to; decide on one technical trading technique; take one trade a week, continue for two years; and review what we will have experienced and learnt.

This is an open invitation for all of you; you like to participate in this two-year-long experiment? Without knowing what the outcome would be? Take your calculated risks? Take your bets on market emotions?

Let me know.....

[slstockVeteran]

Hunter, I have not always been here.
Came back recently due to a crucial time for CSE/Forum.

But on 2-3 occasions , I was here I specifically remembered you and  
posted a note for you also. Once one of your own threads.
But I never heared back from you. So I kept quiet.

Anyway , let see this new experiment of yours.

Also there several important ( for this time)  threads you can participate
if you like  to.

[BackstageTop contributor]

Why not 93 or 122 ?

[nihal123Top contributor]

සාදරයෙන් පිළිගනිමු.

ඔබගේ මෙම අත්හදා බැලීමට සහභාගී වීමට  කැමතියි.

වැඩි විස්තර කියමු කෝ බලන්න.

[HUNTERTop contributor]

Thanks all for your comments and interest shown.

@SLS, I always had very positive interactions with you. Sorry for missing your comments in the recent past. Will check and see how I do some catch up.

@ Backs,
Once a week, 52 weeks a year = 104 experiments in two years.
(I am just rationalizing the random number my friend, don't worry much)

@Nihal, @Topcat, Probably you have already mastered your trading skills; probably not yet. Anyway, I will define my rules of the game first in this thread before jumping in to water.

@LSE, you will be a good resource for me to depend on in this experiment. Hope you will hand there for next two years.

I wish @Path, @Small and few others will join the discussion down the line.


Meanwhile, all of you interested in technical trading, please think of a set up (technique) we can repeatedly use during next two years, once a week, to expect making a decent profit within an acceptable time-frame.
We will be using that single set up for 104 times to see the validity of technical trading.

[sereneTop contributor]

Dear Friends,
I am coming to the forum after a long break. Being away mean you miss a lot but, on the other hand, you can look at things more openly.

I noticed there are lot of useful and thoughtful posts made by many of 'senior' as well as 'relatively new' members.

Having said that, I noticed, still there is some opportunity for me to try filling some gaps related to technical trading. Technical trading fits my lifestyle also these days since I am yet to allocate time for those lengthy funda-technical analysis.

GIVE ME YOUR VIEW HERE:
=================
I am thinking of learning things in this tread using experiments, and sometimes the 'hard way'.
My idea is to; decide on one technical trading technique; take one trade a week, continue for two years; and review what we will have experienced and learnt.

This is an open invitation for all of you; you like to participate in this two-year-long experiment? Without knowing what the outcome would be? Take your calculated risks? Take your bets on market emotions?

Let me know.....

Very Interesting.
I'm in.

[HUNTERTop contributor]

Here are my suggested rules of the game:
Not in particular order.

* We will stick to just one technique (one trading set up) to buy our trade. (We will discuss and decide on this 'set up' in coming days.

* Once a week, we will find a counter with our 'set-up' and invest the pre-defined amount of money in this counter.

* Once the traded counter reaches the intended profit level, we will sell and mark profits.

* We will not execute any stop losses; i.e. not sell at a loss. In CSE, commissions are so high that taking stop-losses are mostly work against us.

* Since we are not using stop-losses, we need to strictly control our risks by limiting the exposure on any single trade. So, we will put only 1% of our risk capital in one trade. That also means, we will have enough cash to execute nearly all intended 104 trades in this experiment.

What do you all think?

[sereneTop contributor]

Here are my suggested rules of the game:
Not in particular order.

* We will stick to just one technique (one trading set up) to buy our trade. (We will discuss and decide on this 'set up' in coming days.

* Once a week, we will find a counter with our 'set-up' and invest the pre-defined amount of money in this counter.

* Once the traded counter reaches the intended profit level, we will sell and mark profits.

* We will not execute any stop losses; i.e. not sell at a loss. In CSE, commissions are so high that taking stop-losses are mostly work against us.

* Since we are not using stop-losses, we need to strictly control our risks by limiting the exposure on any single trade. So, we will put  only 1% of our risk capital in one trade. That also means, we will have enough cash to execute nearly all intended 104 trades in this experiment.

What do you all think?

my personal view. Sorry If i put negatives at the outset.

Trading without a Stop loss /Not sell at a loss. I don't think its a good Idea.
Better  is to set upon selling point in the same trading set-up or have a predetermined Stop loss before we get in to the position.

In my view the one you stated will work  better in an investment on a share based on Fundamentals on Particular share or particular sector. Specially with the Interim's are coming we can find turnaround Companies.

[කිත්සිරි ද සිල්වාTop contributor]

Know nothing about technicals but willing to participate in the joint effort.

[pathfinderTop contributor]

Good initiative Hunter,will contribute as time permits.

These days I'm more concerned on LT trading than ST trading

[LeonTop contributor]

@ Hunter

I'm also a good believer of technical trading. So, I'm in for the assignment.

[HUNTERTop contributor]

Thanks @Path , @Leon , @Kith for comments and joining-in; happy to rejoin with you.

Here are my suggested rules of the game:
Not in particular order.

* We will stick to just one technique (one trading set up) to buy our trade. (We will discuss and decide on this 'set up' in coming days.

* Once a week, we will find a counter with our 'set-up' and invest the pre-defined amount of money in this counter.

* Once the traded counter reaches the intended profit level, we will sell and mark profits.

* We will not execute any stop losses; i.e. not sell at a loss. In CSE, commissions are so high that taking stop-losses are mostly work against us.

* Since we are not using stop-losses, we need to strictly control our risks by limiting the exposure on any single trade. So, we will put  only 1% of our risk capital in one trade. That also means, we will have enough cash to execute nearly all intended 104 trades in this experiment.

What do you all think?

my personal view. Sorry If i put negatives at the outset.

Trading without a Stop loss /Not sell at a loss. I don't think its a good Idea.
Better  is to set upon selling point in the same trading set-up or have a predetermined Stop loss before we get in to the position.

In my view the one you stated will work  better in an investment on a share based on Fundamentals on Particular share or particular sector. Specially with the Interim's are coming we can find turnaround Companies.

Yes I'm also, almost always, advise using stop-losses. If most of us here suggest using stop losses in this experiment, let's do so.

Dear all,
Please suggest what do you prefer; use a stop-loss or not?

[yellow knifeTop contributor]

Well come again Hunter... Let me be a silent observer in this thread.

[slstockVeteran]

Hunter,

I thought I'd mention something, while am still here which you"ll might have not thought of. 

I am not sure it is the plan but if you"ll are planning to pick 1 share  for trading and  group  buy  the same ,  it might bring unwanted issues   

Just think about it

[HUNTERTop contributor]

Well come again Hunter... Let me be a silent observer in this thread.

Hello @Yellow Knife ! I hope you will jump in to water later.
Why not allocating a small % of your capital on this new venture?
May be just for educational purposes...

[HUNTERTop contributor]

Hunter,

I thought I'd mention something, while am still here which you"ll might have not thought of. 

I am not sure it is the plan but if you"ll are planning to pick 1 share  for trading and  group  buy  the same ,  it might bring unwanted issues   

Just think about it

Thanks SLS. As always your opinions are welcome.

In fact, I also had the same question when planning this. The concept of, 'observer influencing the observed' is very much applicable to markets.

My gut feeling is; the group may not be big enough to affect the overall natural movement of the counters we might choose. I am planning to select counters with enough liquidity at the given time.
Also, we need to be careful when deciding on the set-up.

Let's see how it goes. We will know after few trades.

Please do observe and put forward your suggestions when we move forward.

[slstockVeteran]

Please do observe and put forward your suggestions when we move forward.

Forum is active now. Won't be here for   long.

Already put so very much time into the forum  with  many topics and discussions
( which  I didn't see you  participate ) and moderating.

[Topcat]

I am ok with or without SL... I will go with the majority

[HUNTERTop contributor]

We'll do this regarding SL.
At the buying stage, let the trading setup define the SL. Those who want can execute it if the price drops. Others can ignore the SL.

In my case, I will ignore.


Next; we need to think of keeping a trading journal for all trades.
Anyone like to suggest how we should do it?

Let's make this learning experiment interactive.

[කිත්සිරි ද සිල්වාTop contributor]

I think YK keeps a good and trackable records and he is the right person for the Trading Journal is my opinion.

We'll do this regarding SL.
At the buying stage, let the trading setup define the SL. Those who want can execute it if the price drops. Others can ignore the SL.

In my case, I will ignore.


Next; we need to think of keeping a trading journal for all trades.
Anyone like to suggest how we should do it?

Let's make this learning experiment interactive.

[LSETech Contributor]

https://forum.lankaninvestor.com/t7932-mirror-of-predictors-prediction?highlight=mirror

I think YK keeps a good and trackable records and he is the right person for the Trading Journal is my opinion.

We'll do this regarding SL.
At the buying stage, let the trading setup define the SL. Those who want can execute it if the price drops. Others can ignore the SL.

In my case, I will ignore.


Next; we need to think of keeping a trading journal for all trades.
Anyone like to suggest how we should do it?

Let's make this learning experiment interactive.

[BackstageTop contributor]

Interesting. If it means participants buying shares in real time, make sure that it is within legal parameters so that some troublemaker does not take advantage.

I will participate to the best of my capabilities and also make some snide comments to keep the plate warm for the return of Guru YYji .

[HUNTERTop contributor]

https://forum.lankaninvestor.com/t7932-mirror-of-predictors-prediction?highlight=mirror

I think YK keeps a good and trackable records and he is the right person for the Trading Journal is my opinion.

We'll do this regarding SL.
At the buying stage, let the trading setup define the SL. Those who want can execute it if the price drops. Others can ignore the SL.

In my case, I will ignore.


Next; we need to think of keeping a trading journal for all trades.
Anyone like to suggest how we should do it?

Let's make this learning experiment interactive.

Dear YK, Do you like the idea?