BET

I am yanlord bet, and i say downside which one down more, loser will sponsor too since i am already in disadvantage in % for upside.

Bollinger Band Test2

Going to test the bollingerband trading on mean reversion.

A few observations, counters tend to touch bollinger band on first rebound and may sell further. Thus, F&N buy on 2.38 and sell on 2.48 was actually a correct move

Trades Taken

Just a mention to F&N since I am testing on a strategy on bollinger band

Enter on outside of bollinger band by
-Either Opening/Closing/Intraday,
- Enter on stock > 6.5% drop exceeding BB (1)
- Enter on >4% beyond touch of BB line (2)

Enter on below calculation
Closing prev 2.5

Line on bollinger 2.5
Percentage (1) :0.04800

Percentage (2) :0.04800
Favourable price:2.38

Yes, but right the favourable price should be 2.38.

Position Sizing

The reason why the P&L for trades taken is in absolute amounts, rather than % is due to the minimum bid structure in SGX

For <$1, 0.005 per bid
For >$1, 0.01 per bid
For >$10, 0.02 per bid

Which means if % is used for calculating between $3 stock and a $1, P&L will be skewed towards $1stock if I gain/lose 0.10each for both counters.

Given P&L in absolute amounts, whether your entry size is 10lots or 2 lots, the results will be easily compared. But there is slight note to be taken especially comparing results <$1 and >$1

Trades Taken Post

You would have noticed the new "trades taken" column on the right

1. Instead of giving % gain or loss, I will switch to dollar value due to SGX minimum bid sizing

2. Reasons for trades taken, exit and mistakes made will be made I guess once a week or twice, depending on frequency of it

Wilmar@3.11

-Anticipation of failure of breakout of uptrendline

First short was done at 3.14 with decending triangle on intraday chart, initially wan to short more at 3.11 but impatient when it breakdown to 3.08, avg 3.11 Covering done at 3.04 was right for breakeven but 3.05 was mistake when wanting it to run.

SGX@3.21

-Anticipation of breakout of trading range

Price hovering near breakout line but tradeback, should wait for volume to pickup

Biosensors@0.38

-Weak volume breakout, reaching upper band of bollinger band

Short nicely at 0.38, cover for breakeven at 0.37, leave rest to run. Note: must be cautious as counter on short-term uptrend, target will be 0.35 for 20MA

Sembcorp@2.15

Anticipating breakdown of support, lower highs (is a hedge against SGX due to whipsaws)