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Dimitris,
It's funny, but you would not had to use T/A at all or know any
inside information to EARN this 10% (without commissions) on IBM
stock. Just use simple 20/20 breakout trending trade system.
Here is report for trading IBM stock from 1/1/02 to 4/22/02:
Trade list for IBM
Trade Entry date Entry price Exit date Exit price Position size Net
Profit Equity value
Out 1/2/2002 120.44 1/16/2002 117.56 0.00 0.00 1000.00
Short 1/16/2002 117.56 3/4/2002 103.57 1000.00 119.01 1119.01
Out 3/4/2002 103.57 4/3/2002 100.50 0.00 0.00 1119.01
Open Short 4/3/2002 100.50 4/22/2002 88.95 1119.01 128.60 1247.62
IBM Out 1/2/2002 1/16/2002 0.00 0.0%
IBM Short 1/16/2002 3/4/2002 119.01 11.9%
IBM Out 3/4/2002 4/3/2002 0.00 0.0%
IBM Open Short 4/3/2002 4/22/2002 128.60 11.5%
Thanks,
Mike
--- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> Some people may have an information about tomorrow?s bad news.
> [10 M shares sold on Apr 5, the day before, with a -3.5% ]
> The rest know later.
> [41 M shares sold on Apr 6, -10% lower !!. This is the cost of
information...]
> Most of us, or all of us, belong to the second class. We know later
and, the funny
> thing, sometimes we do not want to accept what we see all day
long !!
> Are we hopeless? Shall we pay a -10% everytime we have the lack of
information ?
> It depends on the tools we use.
> IBM clear Head&Shoulders [a well known bearish formation] was
cutting its neckline
> EXACTLY the day before.[point A]. You may speak for coincidence,
for statistics etc. but, whatever
> you say has a penalty of -10%. It is up to you to choose the T/A or
non T/A tools, when you trade
> with your [real] money.
> Dimitris Tsokakis
> References
> http://www.amibroker.com/library/detail.php?id=166
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