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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| NKTR | Biotechnology | -12.88% | n/a | 4 | 22-Dec-09 | Prior Holding |
16-Jun-09
The Power Dip System Pitch
Holding Rationale for NKTR.
Folks, I doubt you’re going to find a profitable long-only equities trading system, incorporating a stop-loss, using percent-risk position-sizing, that has been traded in real-time, with commissions and slippage included, on the internet.
Except for on this blog. But I will not continue to give away the keys to the kingdom, forever.
One may legitimately ask why I would offer for subscription a viable system. That is a great question, and I have asked myself that many times. But I have the answer; or actually, I have two answers.
1. The first reason why I am pitching this system as a possible candidate for subscription is because I have had numerous people ask me for such a system. I feel this system is a good fit for traders who want to try system trading as it has a high win rate, does not require shorting, employs a stop-loss, and trades often enough to reduce the boredom factor. Furthermore, I have made, and will continue to make every effort to be completely transparent as to the potential gains and pitfalls that may be had from trading the Power Dip system. I pride myself on being transparent, and so I feel I am offering a great product.
2. The second reason why I am pitching this system is because I have spent the past 3 years blogging virtually for free, giving away countless tips, setups, research, etc., and I am very curious to see if I can actually monetize some of my efforts. If there is not much interest from people in subscribing to these alerts, then I will simply keep trading it myself; no harm, no foul.
Therefore, over the next couple of weeks, I will be pitching the Power Dip to the readers of iBC and this blog. Look for detailed system metrics, gained through backtesting, in the near future. Also, I want to be clear that there are usually more Power Dip setups than I post here. I am only posting the setups necessary to round out the portfolio. Tonight there are 44 more stocks that meet the criteria, but I am only naming one of them here. Regardless, all 44 setups should possess a similar edge to the one stock being added to the portfolio.
As for the spreadsheet above, it has now logged 30 trades, most of which were taken by myself and/or my partner, and thus includes Tradestation’s commission structure as well as slippage. I have included a calculation of commissions as a percentage of profits. This is important because it shows that for some traders, it may be much more beneficial to use a fixed commission system, rather than per-share. I might switch to a per-trade commission structure.
The system has underperformed expectations, over the past 30 trades. Feel free to ask any questions about the performance.
NKTR stopped out today. This leaves room for one more position. As evident at the bottom of the sheet, AAPL is the next Power Dip and will be added to the portfolio on the open.
Posted at 05:00 in Holding Rationales | Permalink | Top
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