[Correction] Trading Plan For Next Week
StatsEdgePro
***there was an issue with the data tables below that are now corrected with the right symbols
I am so happy that I was able to stick to the statsedge trading plan during all this. Having a 25 year backtest and seeing what happens to the system in down markets helps but it’s not easy to shut out the noise.
However we were rewarded this week with some great moves like this 40% winner in PLTR 0.00%↑.
If you don’t have a system in this market that you have tested in other crazy markets, it can be hard right now. Thankfully at statsedgetrading we have one and we will keep on it next week and every week in the future.
Trend Following:
Exit Rules: A new 20-day low, a break, or a daily close below the 50-day moving average. These are long-term positions meant to be held for weeks to months. If you have time, you can always research each company.
Learn more about this algo: https://www.statsedgetrading.com/weekly-trend-algo
N/A System has turned off for new entries Pullback:
Exit Rules: We hold until Monday and then exit our positions. These are more short-term trades, and often, if we feel we got a good price on a pullback, we can use some discretion to hold longer. However, note that these are faster trades that capitalize on market volatility.
Learn more about this algo: https://www.statsedgetrading.com/weekly-pullback-algo-1
Symbol Entry Stop
AGL 4.81 3.93
SDGR 20.71 16.60
CERT 10.97 8.64
SMMT 19.63 15.55
AVAV 126.22 102.25
LOAR 77.94 66.66
SLP 28.69 23.12
RYTM 53.94 45.91
NEM 49.26 42.93
KTOS 29.76 25.78Mean Reversion:
Exit Rules: Like the pullback algo we are looking to exit on the following monday. I am less tempted to hold these names longer since the overall charts are going to be in a short-term downtrend.
Learn more about this algo and see strategy stats (updated monthly): https://www.statsedgetrading.com/mean-revision-algo
Symbol Entry Stop
IBEX 21.07 16.53
DGX 154.91 136.57
MP 20.30 13.46
YUM 136.62 119.84
AKRO 30.28 18.10
KRYS 145.50 108.70
EVER 18.78 11.48
AXSM 83.56 56.09
ICE 145.03 127.34
Monthly Rotation:
Exit Rules: This is not a “trading” strategy. The idea is to build a concentrated portfolio to complement the other shorter-term style. We rank all stocks in the market based on some key strength metrics. We “rotate” the portfolio monthly, which means we run the numbers, and if something is de-ranked out of the portfolio, we will replace that with a name that ranks higher.
Learn More and see strategy stats (updated monthly): https://www.statsedgetrading.com/weekly-trend-algo-1
AAPL
META
PLTR
NFLX
MSTR