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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (7166)5/18/2000 1:19:00 PM
From: Dr. Stoxx  Respond to of 39683
 
DIGL just continues to make obscene money! Just closed a $630 long. Now short.

TC.



To: Dr. Stoxx who wrote (7166)5/19/2000 10:21:00 AM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
DIGL UPDATE: (for the benefit of new lurkers)

200 shares traded on a $5800 margin account

Opening buy-and-hold price on 4/3/2000: 57.75

Note: trades 1-12 are backtested (papertrades)

1. Short: 57.75 to 57.125 = $105
2. Long: 57.125 to 64 = $1355
3. Short: 64 to 66.25 = ($470)
4. Long: 66.25 to 68 = $330
5. Short: 68 to 36.5 = $6280...a monster trade!
6. Long: 36.5 to 32 = ($920)
7. Short: 32 to 36.75 = ($970)
8. Long: 36.75 to 54.5 = $3530
9. Short: 54.5 to 44.125 = $2055
10. Long: 44.125 to 68.75 = $4905
11. Short: 68.75 to 61 = $1530
12. Long: 61 to 65.25 = $830

Note: the following trades were made with real money

13. Short: 65.25 to 57.88 = $1454
14. Long: 57.75 to 61.75 $780
15. Short: 61.625 to 61.25 $55
16. Long: 61.3125 to 62.75 $268
17. Short: 62.5 to 63.5 ($220)
18. Long: 63.5 to 66.75 $630
19. Short: 66.5 to...drop like a rock, DIGL!

Total profit = $21,527 (371% in 5 weeks!)
Actual cash profit = $2967 (51% in less than 3 weeks!)

Buy and hold: 5.3% gain