Has anyone attempting to get some results?
So far ONLY happy singh ji responded with some less than 5 % return using a ORB
Another guy who called me over the phone, said he was getting around 10% - 15%.
Anyone is else trying?
Another important criteria while selection of gap stock is gap above PDH/gap below PDL...
So stocks should be open 1% higher /lower from previous close and same open price should be either PDH/PDL...
This is only sample pertaining to trading GAP ....
And further filter can be applied looking at first 15 minutes candle ( whether green or red) , etc etc....
Also 5 stocks per day ,and R:R of 1:1 and win rate of 70% is only broad guidelines..if someone looking at ONLY these criteria wont get desired results..
Whole idea is make it fully mechanical , right from stock selection to qty calculations to entry/exit rules...
Working on it,
so far not able to break that 50-55% barrier on back-tests
but its work in progress
This weekend I was going to post on this thread,
but got caught up with other things
This thread has been a very interesting learning experience for me,
this 20% thingy was like no way, here comes another one
The only reason for engaging with the OP was, that he is been around for a while
and comes across as a genuine person
As I started working / testing the method,
I realized with 8/10 years of actively trading,
there are so many biases that I have collected
all along there has been this nagging resistance about the 20% thingy
its like universalizing our own limitations and projecting it over markets / other traders
If I can't see it obviously no one else can either,
also it keeps getting reinforcement with so many fake gurus
there are 100's of examples of "told you so"
So whoever talks about 100/200 % is either naive or a fraud
But with all the efforts put in,
if we can stretch our own trading result,
even by 1/2% its worth it
Its a paradox,
don't want to be taken in by all the 1000% twitter nonsense being dished out
but at the same time, also not kill the dream by starting to believe in our self imposed limitations
Happy Trading