104 Technical trading experiments by HUNTER

Dear Team,

Are we ok now to start the journey..?

@lanka added.

Following are the members in this group so far.


Backstage
lanka
LSE
Rana
Senarath67
serene
yellow knife
කිත්සිරි ද සිල්වා

We'll wait for 2 more to join and resume our expedition.


Regarding whom to join or not, until we come up with some criteria, will be solely decided by the following trio;
Backstage
yellow knife
කිත්සිරි ද සිල්වා

You (3) gents want SLS added here?

Great asset, provided that we have his consent first.

HUNTER wrote:You (3) gents want SLS added here?

I have mentioned my stand, during recommending Lanka.

HUNTER wrote:@lanka added.

Following are the members in this group so far.


Backstage
lanka
LSE
Rana
Senarath67
serene
yellow knife
කිත්සිරි ද සිල්වා

We'll wait for 2 more to join and resume our expedition.


Regarding whom to join or not, until we come up with some criteria, will be solely decided by the following trio;
Backstage
yellow knife
කිත්සිරි ද සිල්වා

කිත්සිරි ද සිල්වා wrote:Great asset, provided that we have his consent first.

HUNTER wrote:You (3) gents want SLS added here?

He has requested.
---------

I have added SLS.


Welcome SLS to this; 'restricted' thread!

Once we have 10 members joined, we will resume our discussion.

HUNTER wrote:




Regarding whom to join or not, until we come up with some criteria, will be solely decided by the following trio;
Backstage
yellow knife
කිත්සිරි ද සිල්වා

No issue.

HUNTER wrote:You (3) gents want SLS added here?

You"ll have done wrong.
The person who added value/input for your own/forum protection was not
included in group.

I  do not want to be part of this  anymore. Take me out of this group

So, the journey begins now.

HUNTER wrote:

කිත්සිරි ද සිල්වා wrote:Great asset, provided that we have his consent first.

HUNTER wrote:You (3) gents want SLS added here?

He has requested.
---------

I have added SLS.


Welcome SLS to this; 'restricted' thread!

Once we have 10  members joined, we will resume our discussion.

I think once it was made Restricted and if one is not added in there, he or she will not be able to see the contents of the original thread and not that anyone deliberately removed them is my understanding.
Once you are added there only you started seeing it again.
Same with Nihal too, I believe.

slstock wrote:

HUNTER wrote:You (3) gents want SLS added here?

You"ll have done me wrong.
The person who added value to this was take out of the group.

I  do not want to be part of this  anymore. Take me out of this group

slstock wrote:

HUNTER wrote:You (3) gents want SLS added here?

You"ll have done wrong.
The person who added value/input for your own/forum protection was not
included in group.

I  do not want to be part of this  anymore. Take me out of this group

SLS you have to be here. I am not into Technical s. and You have sound knowledge on TAs.. Your presence is needed.

My last comment on this.

1) When noone did,  one person  added  ideas to protect the experiment, Hunter himself and the forum.  If  the same person  is not added/taken off  the group
Hunter formed  , there is something wrong . You"ll have not thought right.

2) A second big mistake is also happening as far as I see.  I added all info for public transparency and to protect the forum/Hunter. Now you"ll are forming a restricted / hidden from public group . This can easily raise the eye brows and allow speculations and attacks from those who can. 


a) YOU"LL HAVE NOT THOUGHT THIS THROUGH .
b) Wrong was done.

Do remove me from this group ( if I am added now)

slstock wrote:

HUNTER wrote:You (3) gents want SLS added here?

You"ll have done wrong.
The person who added value/input for your own/forum protection was not
included in group.

I  do not want to be part of this  anymore. Take me out of this group

There was no removal. Admin had restricted access by anyone; we are now adding 'selected' members one by one on request.
I guess all here want SLS, added with your consent.

You still want removed or kept added?

As per my strategy, use of SL depends on the type of risks involved with the particular share. Usually I do not use SL with fundamentally sound shares.

HUNTER wrote:Thanks @Path , @Leon , @Kith for comments and joining-in; happy to rejoin with you.

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.

Yes I'm also, almost always, advise using stop-losses. If most of us here suggest using stop losses in this experiment, let's do so.

Dear all,
Please suggest what do you prefer; use a stop-loss or not?

Dear All,

Let's take a 'Pause' until the participants are ready.

https://forum.lankaninvestor.com/t11539p75-how-to-get-access-to-104-technical-trading-experiments-by-hunter#103723

Dear Hunter,

When we take all the concerns at bunch what I think is the most better way is you to continue this with or without any participation like what I did with Pivot Point thread. Actually I've initiated it as a kind of research and I've proved the way how it's going to work exactly with the actual market sentiment in different time periods. If you can initiate this in that way many of us here can get the benefit from it. Appreciate your comments here.

LSE

If the majority of here accepts what LSE suggest (continuing anyway), then I will continue with the addition of 2 more members (10 members altogether)

Also, please suggest whom should be added in this thread (Technical trading lovers )

I mean it's better you to start this first... Then others can observe the outcome to decide for the participation (An open invitation)... Let's do it in that way...

HUNTER wrote:If the majority of here accepts what LSE suggest (continuing anyway), then I will continue with the addition of 2 more members (10 members altogether)

Also, please suggest whom should be added in this thread (Technical trading lovers )

Agree with LSE

LSE,
What do you mean by 'Others'?

Others = Forum members

Hoping now it's a better time you to start your experiment. We are eagerly waiting to see the results...

HUNTER wrote:LSE,
What do you mean by 'Others'?

LSE wrote:Others = Forum members

Hoping now it's a better time you to start your experiment. We are eagerly waiting to see the results...  

HUNTER wrote:LSE,
What do you mean by 'Others'?

The problem is, forum members cannot see this thread as it is restricted.
We need to find a way of suitable members can see the thread first.

Since we have seniors here Let's initiate the test run here. Then will decide what should need to do with the restrictions. Let it to happen first

HUNTER wrote:

LSE wrote:Others = Forum members

Hoping now it's a better time you to start your experiment. We are eagerly waiting to see the results...  

HUNTER wrote:LSE,
What do you mean by 'Others'?

The problem is, forum members cannot see this thread as it is restricted.
We need to find a way of suitable members can see the thread first.

I all here agree let's keep going....

How much to invest and Risked in this Experiment.
===============================

I would like the participants to put equal amount of money in one trade. (not buying any fixed number of shares per trade)

Unlike those days, you can by any odd number of shares to match your target amount now.

For new comers to trading without a big risk capital;
I suggest putting anything between Rs 200 ~ 2,000/- per trade.

Considering 104 trades in this experiment, we can imagine a worst case investment of Rs 40,800/- ~ Rs 408,000/- for the period of 2 years.
However, considering an average hold time of 6 months, all you need to have in hand for this is around Rs 10,000/- ~ 100,000/- in total.

How much you can loose:

Usually, the SL we use will be less than 20%.
So, if we loose all our trades, we will have the risk of loosing about Rs 8,000/- 80,000/- depending on what you plan to invest.

If we win all trades, we might end up with a total profit of about Rs 12,000/- ~ 120,000/-

Considering a practical possibilities, most probably, we will end up with small marginal net profit at the end of the experiment period.

-------------

Do you have any questions?

No... You have shown the risk side as well. The partipant now now the limits. Agreed .