There is a famous saying "Winners keep winning" which means that stocks that do well tend to keep doing well...
I have backtested the idea using the setup below for 2021.
Results: Cumulative GAIN 75.29% | Max Draw Down -5.36%
Return vs buy and hold benchmark ^
Top tickers traded ^
Disclaimer: all calculations made using BreakingEquity
I have backtested the idea using the setup below for 2021.
- Each day I'm looking for stocks which
- belong to NASDAQ 100
- have been up 3% or more on a prior day
- are up in the morning (price above yesterday's close)
- Enter (criteria to open a position)
- Wait for 9:40 (market is open for 10min)
- Stock price keeps going up
- Buy only one stock for the day
- If there are multiple candidates buy the one with highest relative volume comparing to the average market volume so far (10min average volume)
- Initial capital $10,000
- Gain is reinvested the next day
- Loss reducing the buying power the next day
- Exit (criteria to close a position)
- End of the same day or by loss at 0.5% from fill price
Results: Cumulative GAIN 75.29% | Max Draw Down -5.36%
Return vs buy and hold benchmark ^
Top tickers traded ^
Disclaimer: all calculations made using BreakingEquity
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