n your back-testing or personal trading, have you found any correlation between shorting stocks, whose targets are set below the 52 wk low level. For example, apol, the target when I took the trade was ~56.50 (trigger around $60-$61), but the 52 wk. low for the stock is around ~57.40, which provides a long-term support. In your opinion (traders or DT personnel) do you see any issues with that or have you found it to be successful and break through the support levels using the DT software?
Any feedback or thoughts on this subject??
Yogesh
Hello Yogesh,
Our back-testing procedures did not take this into account. Our
back-testing procedures are pretty cut and dry and I have listed them
below:
Hypothetical results based on 1,000 shares per trade.
Profits were taken on half of position at the initial target level,
and the stop was moved to break even on the remaining 500 shares.
The trades were completely closed out at the final target level or at
current stop level.
No commissions or slippage is accounted for in the above results.
Daily and Intra-day data used for testing was collected from publicly
available sources.
Our best effort was taken to check for accuracy of data.
I have asked one of our traders to take look at your question. He
might have some more insight for you.
Please let us know if you have any further questions.
Thank you,
Mark Hamric
Technical Support Supervisor
Dynamic Trend, Inc.
330-645-0800
Hello Mark,
Have you heard anything about this question yet from the other person you had asked?
Yogesh