When a market opens down nearly 300 points – as it did on Tuesday as the crisis in Japan continued to unfold – what do you do? Buy? Sell? Go short?
For traders using The Machine Day Trader to help spot the best edges in stocks and exchange-traded funds (ETFs) intraday, the answer is simple: see the trade, take the trade. And lock in the gains.
That was how one trader who has been using The Machine Day Trader managed to rack up a one-day performance on Tuesday of 21 correct day-trades out of a total of 22 trades taken. That’s a winning rate of more than 95%.
And the average gain per trade?
5.8%.
This is what the quantified trading of The Machine Day Trader is all about. While human beings understandably react and overreact to events great and small, quantified trading strategies like those in The Machine Day Trader tirelessly sift through the data, immune to the emotional impulses of panic and greed. It is this objectivity that enables The Machine Day Trader to find patterns that have historically signaled true intraday opportunities, helping day traders buy markets that have become extremely oversold and to sell markets that have rallied “too far too fast.”
What is all the more amazing is that The Machine Day Trader provides all of its signals – BEFORE THE OPEN. That means that The Machine Day Trader is one of the only day-trading platforms that does not require the daytrader to sit in front of the screen all day. With The Machine Day Trader, the goal is simply to “see the trade, take the trade” and let the quantified algorithms of The Machine do the rest.
^LVS^. In at 36.30. Out at 37.94 for a gain of more than 4%. ^HL^. In at 7.88. Out at 8.51 for a gain of nearly 8%. ^SHAW^. In at 31.35. Out at 34.14 for a gain of almost 9%. All orders placed before the open and exited on the close.
If this approach to day-trading sounds like nothing else you’ve heard before, then you owe it to yourself to learn more about The Machine Day Trader‘s 21st century approach to day-trading: no opinions, no overnight risk, and no sitting in front of the screen all day. Just objective, data-driven trading strategies designed specifically to help traders add quantified day-trading to their overall strategy of managing and growing their own money over time.
Find out how to make The Machine Day Trader a part of your strategy for trading and investing success in 2011 and beyond. Click here now to start your free trial today.
David Penn is Editor in Chief of TradingMarkets.com