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Ahh... a trend-follower... :)
j '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Are we having wine or coffee?:-)
>
> I would go for strategy Y.
>
> Preston
>
>
>
> --- 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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