104 Technical trading experiments by HUNTER

HUNTER wrote: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.....

HUNTER wrote: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.....

HUNTER wrote: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?

serene wrote:

HUNTER wrote: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.

yellow knife wrote:Well come again Hunter... Let me be a silent observer in this thread.

slstock wrote: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

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

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

HUNTER wrote: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.

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

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

HUNTER wrote: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.