11/8/2023 Ticker Buy Price Sell Price Percent Gain ANGH 0.91 0.99 8.79 BTMD 4.43 5.4 21.9 DKDCA 7.76 9.03 16.37 IMMP 1.82 1.96 7.69 LGMK 1.75 1.84 5.14 LUCD 1.16 1.31 12.93 LXRX 1.14 1.26 10.53 MGIC 8.48 10.46 23.35 NA 1.31 1.38 5.24 RCRT 1.18 1.36 15.25 RFIL 2.75 2.95 7.27 SNAL 1.3 1.38 6.13 CANG 1.09 1.17 7.34 FTK 3.62 4.24 17.13 MXC 12.1 12.79 5.7
Just one I made up. LOL Its more of a test to see how many days it takes for all the stocks to hit the sell price. I'm using the high of the day because I plan on swing trading once I get it fine tuned and see that it is working consistently. I'm planning to put in a buy order towards the end of the day and after close, put a good until cancelled stop loss sell order.
11/9/2023 Ticker Buy Price Sell Price Percent Gain CWD 1.29 1.48 14.73 EDAP 5.26 6.94 31.94 ERAS 2.01 2.38 18.41 HBIO 4.1 4.36 6.34 MESO 1.2 1.28 6.67 MOMO 6.8 7.14 5 RILYL 22.92 24.17 5.48 SDIG 4.03 4.55 12.9 WHLRP 1.38 1.51 9.42 FL 20.35 21.72 6.73 SLQT 1.22 1.33 9.02 TFPM 12.18 13.13 7.8 HNRA 10.5 11.14 6.1
It costs $500 to open a trading account. So my plan is to paper trade $500 at 1% risk, or $5. These are the picks for 11/10/2023. The number of shares are based on 1% risk and will increase as the portfolio increases. I still need to fine tune: The stop loss. As you can see Rilyl is 500 shares with a stop of 1 cent. This is because the current price is the lowest in the range. So, do I set a lower stop loss or pass over this stock entirely? Determine the optimal number of days to wait for either a stop loss or a profit target to be met. I would like to buy all the symbols and wait until that optimal day to sell the rest. Hopefully, the basket as a whole ends up with profit, but with a $500 limit, I'll have lower the amount of shares. Playing around with RILYL. I want to spend $100 total. Determine Shares based on total cost $100 / 20.5 buy price = 4.87 round to 4 shares determine stop loss based on risk of 1% of $100 = $1 (($1 risk / 4 shares) - 20.5 buy price) x -1 = 20.25 stop loss, this stop loss is lower so useable. So I just realized, that I should have probably done 1% risk of the cost of the stock instead of the portfolio and try to adjust so I am spending $100. The adjust will come by changing the stop loss and number of shares, but I will not have the new stop loss higher than the lowest low in the range. Tweaks done for next post.
In this updated version. The risk is at 1% of the portfolio value (PV) of $500. I created two stop loss points. One at the lowest value in the date range and one calculated based on risk and share amount. PV = 500 RiskValue = PV * .01 Shares = floor((PV/# of tickers) / Buy) CalculatedStop = round(((RiskValue / Shares - Buy) * -1),2) Stop = lowest price in the date range Next I removed symbols that meet any of these conditions: CalculatedStop > Stop Gain $ < Risk $ (this may change because I can remove some stocks to increase the gain) With the updated symbol list, I recalculated the shares. Note: Gain % is based on cost to buy the share while Risk % is from the total amount of money I have to spend on all the stocks in the list (Portfolio Value), probably should come up with a different name for that. Good luck to me!
These advertisement popups are really annoying. Anyway, I took two approaches the ticker picks. Divide my bankroll among all symbols (previous post) Spend $100 per symbol and cherry pick the ones I want to use. (this post) The one month chart on yahoo shows the highlighted stocks to be fairly consistent with the fluctuation in price. Those are the ones I will paper trade.
It doesn't make sense why so many stocks have a sudden recent drop off, but I'll take a chance on ADRT and see what happens.
I've updated the code to better track what is happening to the stock picks (because I like to just press one button and be done). I'll start with the most recent picks and go from there. My original budget was $500, but until I can figure out how to narrow the list, I'm just going to track. Legend Journal 11-17 For anyone wanting to track in yahoo finance VOXR RLMD MLEC MESO HROWL HCTI EQT EQS CANG BSBK BKR AWX ADRT
11-22-2023 I removed a ticker that hit the high/low target in the same day. The program only has access to end of day data so I had to check manually. I'll show this list in future posts only as it gets updated with more tickers.
11-29-2023 HROWL VOXR BKR BSBK CANG EQS EQT MLEC RLMD MESO AWX ADRT HOUR AIRI ECOR SLQT SNT MOMO TIGR HOUR ATIP CANG ERAS SNT WB
