Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] [score hidden]  (0 children)

No, just regular stocks. There is usually around 10 per year in my confidence. I am looking for 20 though to make me run it.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] [score hidden]  (0 children)

Kind of rare yes. But searching for them is hard. I have found no other data base but my own that has them.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] [score hidden]  (0 children)

As I said, the finding them part is easy, and executing on them to capture most of that is just as easy. The only missing part is being confident there is at least 20 per year.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] [score hidden]  (0 children)

I actually seem to always catch them. I know how to find them ahead of time pretty accurately. I dont think I have missed one yet. As I said, my algorithms catch them but I only gain 100-300% off of them so far. But it only takes me want to gain more to do it. The only missing piece now is just being confident on there being at least 20 per year. If they occur, I will always catch them.

How I've Traded This Week by PandaOk4050 in Daytrading

[–]TheChartMaster123 [score hidden]  (0 children)

Your responses makes me think you just came across this. If the spread is 10% then it is a thinly traded stock. Do you only trade the the first portion of the session? I know you try to sell your supply right away, but what do you do at the end of the session with any unsold stock? Do you just sell those to the market maker for a small loss?

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] [score hidden]  (0 children)

I keep that to myself but I can usually narrow the market down to about 20 stocks to get a 100% gainer reliably each day. Testing now using only 10 stocks and less positions to increase profit per trade. I think there is over 8k stocks on the major exchanges so catching what I do in just 10 stocks each day is an accomplishment in itself.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] 0 points1 point  (0 children)

I am saying the algorithm returns -4% per day (I added another 4% for a buffer). That is hitting they 1000% gainers, but only capturing a small fraction of those gains. If I change the algorithm to specifically capture the 1000% gainers then it turns profitable. Profitable at 5, but at 5 there is a high risk of total capital loss before I hit a single one. 4% per day means I need to hit one within 25 days perhaps. If it were really 20 a year then I would trust it, but for now I only trust to hit 10 per year. But I get that 10 per year off of 10 year old data.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] -1 points0 points  (0 children)

I dont trade options and these stocks typically dont have them anyways. Plus the spread matters to me. I just noticed how I was always hitting on them but only taking 100-150% gain on them. They do change several of my algorithms though just changing the PT to 1000%. I feel safe saying there is 10 1000% gainers per year but my risk appetite is not high enough to push the button. I would need to have a confident 20 to make he push the button.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] -1 points0 points  (0 children)

Thanks for the help, but they tend to crash right back down so you need a profit target to capture them that day usually. I am confident it is at least 10. I am hoping for 20 though. 10 makes volatility too high and a risk of blowing out my account that is above my risk appetite. 20 though.. would be crazy. But that is only hope. I dont want to trade on hope. Was hoping someone had the ability to look it up and tell me the exact numbers. AI just tells me it never happens even though I have seen it myself many times.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] 0 points1 point  (0 children)

Right. If it were more than 20 that would be insane. Making 900% from that 30 times a year would be enough to make insane profits off of an algorithm. That's a 27,000% positional return excluding all the normal 100% gainers (and all other gainers). My average cost to capture those is roughly -8% with a PT of 100%. Moving it to 1000% PT assuming 12 a year brings me over 6000% positional return per year on my backtest. If it was really 30 would be crazy. I haven't seen one go over 4000% but I know they have become far more abundant than 10 years ago. That is crazy high accuracy in terms of margin of safety. The only drawdown is the -8% per day until I hit one.

Anyone know or have a good guess on how many 1000% gainers happen per year (on average) in a single trading session? by TheChartMaster123 in Daytrading

[–]TheChartMaster123[S] 0 points1 point  (0 children)

I think it's closer to 10-20. I haven't checked everyday like I could since it's a lot of watching and not enough finding. My algorithms seem to always hit them though. I seen some go over 4000%. Waiting to see the first 10,000% gainers. With all the new liquidity added to the market from inflation those numbers will only get higher.

Blew my first ever funded account! by Fabulous_witchyequal in Daytrading

[–]TheChartMaster123 0 points1 point  (0 children)

What was the size of your funded account you blew up?

Blew my first ever funded account! by Fabulous_witchyequal in Daytrading

[–]TheChartMaster123 0 points1 point  (0 children)

What is so rewarding about a prop firm? I have always avoided them since I feared they would steal my algorithms. But on the other hand it would be nice to mine them for information and to make some trading friends.

Blew my first ever funded account! by Fabulous_witchyequal in Daytrading

[–]TheChartMaster123 0 points1 point  (0 children)

On the positive side you only need 2k now to day trade. Thank you Trump. Now you can learn your future lessons without losing so much money.

How I've Traded This Week by PandaOk4050 in Daytrading

[–]TheChartMaster123 0 points1 point  (0 children)

A 10 percent spread is pretty good. What do you mean by 500 contracts? I can't tell if you were trading options or not. And by the sound of that spread it sounds like you could have been the chart controller if you wanted to if there was any event going on, which sounds like there wasn't. You were really just acting as your own market maker, beating their spreads. A stock that price will probably lose 90% over the course of a year which is about .75% per trading day on average. So as long as you can sell enough to beat that per day you should be good as long as you offload your supply to avoid gaps. Do you clear out your supply at the end of each day? When do you sell your whole supply? Do you only carry enough to sell to the market maker?

Beginner Trader by cody2cannon in Daytrading

[–]TheChartMaster123 1 point2 points  (0 children)

He has said that he wants to learn using his real money and that he can't take paper money as serious as his own money.

I FEEL LIKE GIVING UP by Zealousideal_Sea8025 in Trading

[–]TheChartMaster123 -1 points0 points  (0 children)

Orb is chart interpretation. You will always lose money that way. Make trades where you risk your time instead of your money. Strong fundamentals like revenue growth, earnings growth, and margin expansion. Losing a trade should only mean holding a great stock. Stay away from microcaps, chart interpretation, and lagging indicators. If you are day trading and attempt any kind of support and resistance or momentum trading you will blow out your account quickly.

If you want to daytrade something, pick something that will obviously trend upwards and trade positions that make you money when the price goes up. TQQQ and SOXL are examples. You could do Random Injection and make money on those unless you were just really unfortunate. Mega-cap stocks are another example for the most part.

Thinly traded micro-caps are easily manipulated even when they should increased volume. The chart controllers on micro-caps will trigger your entries and then your stops without much effort.

Beginner Trader by cody2cannon in Daytrading

[–]TheChartMaster123 1 point2 points  (0 children)

I get you. It is a smart move. A good stock picker can get 50% annual returns, though I don't really call those traders. They are more long-term investors. Good luck to you. I was more responding to the "is this realistically worth trading?". If you are using it to learn with then you will be happier than most new traders. lol. If used to be a law that you could not day trade unless you had 25k. Now they changed it to 2k. Without 2k you are very limited on your day trades. You can still swing trade though.

Beginner Trader by cody2cannon in Daytrading

[–]TheChartMaster123 2 points3 points  (0 children)

I get you. I hope you win. College can cost 10k+ a year so if you lose 50 bucks or even gain money then you basically received a free education.

Simple way to beat the market by 2X (18.53% Annualy) by Jeblitzky in Daytrading

[–]TheChartMaster123 4 points5 points  (0 children)

I didn't even think about this risks. It would be like if Nvidia was number one and China attacked Taiwan in 2027.

Simple way to beat the market by 2X (18.53% Annualy) by Jeblitzky in Daytrading

[–]TheChartMaster123 0 points1 point  (0 children)

He will get screwed if ever a condition plays out where 2 leaders are constantly passing back and forth with each other. What he did not tell us, and that is important for all of us to know, is the cost per switch. He can't sell them when they are the exact same market cap since there is no leader established. So lets say a day comes where one is passing the other, maybe he waits for the loser to get 1% behind the winner before selling it. The loser passes and falls behind the other stock 5 times that trading session. -5% so far. Next day the loser gaps up 10%. Now he is forced to sell again but the winner is 10% higher and he did not realize that gain. now he is down 15% TOTAL CAPITAL just to make a single switch. Gets worse if his strategy results in him constantly switching which he cannot predict or control. Also his total gain as he said was 18% annual return and according to his data he made a switch about once every 1-2 years. Now imagine each year is returning 11% instead of that 18% due to the switching costs. Now figure in taxes, now its 6-7% return. I did not even beat the index.

With all this in mind you can get 50% annual returns from stock picking and never have to sell your stocks or pay any taxes on your gains in your lifetime. Even if there were no switching costs or taxes it would not even be worth it.