Skip to main content

How to Back Test Stocks and Bounce



Why we need to back test stock?
Jack Angel shares: To know the support and resistance and to know when to buy or sell.

Why we need to back test?
Belle Layos shares

  • learned about bounce trading first (from Money Growers PH)
  • reference: ZF's Bounce  Plays 101, Kapitan Kidlat's 3 days to Kill, 
  • back test to test mastery and trade setup
  • backtest tools Excel to input data and Word to see charts
Belle Layos setup for bounce play
  • previously trending with parabolic move
  • 3 day declining rule
  • previous Darvas must act as support
  • Use Fibonacci retracement with bounce in 38.2%, 50% and 61.8% (From Jason Cam)
  • Candle should not close below retracement
  • Should have reversal signs like doji or weak candles
  • Drying volume, should dry up
  • Sell on the 3rd day of bounce
Then on an Excel table, she has the following columns
  • Count on how many of the above criteria has been met
  • Name of stock/ symbol of stock
  • Date
  • bounce point
  • Fibonacci
  • Previous candle
  • Volume
  • RSI
  • AOTS (Alignment of the starts)
  • Price as to Moving Averages e.g. below MA 20
  • Bounce? Yes or No?
  • Resistance
  • Number of candles on bounce


For more about stock trading, Digital Nomad Here.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

OpenShot Add Music or Sound Effects

In OpenShot, you can delete the audio of your video and replace it with another one. You can right click on the video click and select separate video. Or you can click the video and let the audio mute. There is option to fade in and fade out for the audio. If audio is longer than your clip, you can use the scissor tool to cut the audio as the video ends. Check out  basic OpenShot tutorial  or  list of OpenShot tutorial .
Post a Comment
Read more

When to Hire Assistants for Your E Commerce Business

The questions is when will you hire an assistant to help run your business? Surely 6 figure businessmen didn't that much doing all the stuff needed to run a business. James Beattie advises to get a customer support person early on. Shopify Lifestyle shares that the first hire is the most crucial. Gabriel St-Germain has a post on automating your e commerce business. He shares there are three main time consuming tasks customer service order fulfillment marketing for customer service, he set up Zendesk and hired someone from Upwork to work at $7-8/hour Zendesk has a free to install app for Shopify but reviews were pretty bad he communicated with the CSR staff via Skype, trained this person well so this person can train newly hired CSR later on as you scale up makes macros on Zendesk so CSR agent has template on how to answer customer emails his first hire was the most important as this became the customer service manager for the new hires when he needed to scale...
Post a Comment
Read more

OpenShot Add Text: Subtitles and Captions

OpenShot is an open source video editing soft. Adding subtitles and captions is quite tricky. Adding subtitles takes effort. Suggestions by GeekOutdoors - You can have the soundwave form displayed so you know where the talking and pausing occurs. - You also use the green marker to help you decide how long the subtitle should be shown. - Encode the subtitles in Notepad so you can easily copy and paste it later on - Turn off the snapping tool which is on by default; to remove subtitle overlap For captions, GeekOutdoors, - used footer text, shortened the duration to like 3 seconds - if you want advanced editing of the text, you will need to download and link Inkscape to OpenShot Check out  basic OpenShot tutorial  or  list of OpenShot tutorial .
Post a Comment
Read more