Typically when I see such craze it means only one thing - bullish rally will be over soon. I was awaiting a day like this back in December, but it didn't happen and I thought that this bullish ran up will end without such lovely days. But, as you see, the story repeats again. We will trade 9 symbols and I like days that. Exposure to individual stock is minimal, diversification is maximal, highest you can have day trading penny stocks.
From the backtesting and charts data below I would like to highlight few things:
- GSX - no backtesting data at all.
- HOV - high probability of a winning trade (5 trades last year and all 100% winners)
- COCO - we traded it just few days ago. Set up and volume/price action still looks great.
Backtested Symbol: BPZ
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 1
# Loss: 0
Winners: 100%
Profit-Loss%: +0.91%
Backtested Symbol: CLWR
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 1
# Loss: 0
Winners: 100%
Profit-Loss%: +8.55%
Backtested Symbol: CNXT
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 2
# Loss: 0
Winners: 100%
Profit-Loss%: +12.35%
Backtested Symbol: COCO
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 1
# Loss: 1
Winners: 50%
Profit-Loss%: +0.10%
Backtested Symbol: GSX
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 0
# Loss: 0
Winners: 0%
Profit-Loss%: 0%
Backtested Symbol: HDY
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 0
# Loss: 2
Winners: 0%
Profit-Loss%: -2.64%
Backtested Symbol: HOV
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 5
# Loss: 0
Winners: 100%
Profit-Loss%: +19.17%
Backtested Symbol: LXRX
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 1
# Loss: 2
Winners: 33%
Profit-Loss%: -4.63%
Backtested Symbol: VTG
Strategy: Pennystocks100 (5 min chart)
Period: Jan 06, 2010 - Jan 06, 2011
# Win: 1
# Loss: 0
Winners: 100%
Profit-Loss%: +0.03%
Remarkable
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