I have a buy signal for tomorrow at the open for my
statistically based short term systematic trading.
The target for QQQ is 250.83, 3.29% from todays close at
242.85.
If the stock reaches the target I’ll sell at the open the
following day, if the trade reverses I’ll also sell the next day at the open,
no second guessing, no questions asked.
For the past 30 months this set up was 67% profitable, that
means that more than 30% of my trades loosed money, so I need good risk
management capital wise and also consistency. Also I need to remember that past
performance does not guarantee future results.
Shalom all,
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