snappyfrog
731 posts
msg #155997
- Ignore snappyfrog |
3/2/2021 1:59:35 AM
What's your requirement for this filter, other than getting in when the PVI to cross above PVI MA?
Like what's your average holding period, and what is the stop loss you set, before you decide to get out of a stock that is not performing?
Also, what is your position sizing for these penny stocks? Let's just say you allocate $5000 for penny stocks trading. What is the max amount you will put in one penny stock?
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This works as a stand alone filter. Price, volume, etc is up to you. I do use this in another filter with other criteria, but is not required.
My average holding time is 6 days. Many could be held longer, but on consolidation i become bored and take profit. My stop-loss is typically 20%. Penny stocks are more volatile, so I give them more drawdown.
Position sizing is always 1% or less for me. The most I've put on 1 penny stock is $1k. Typically, I don't put more than $500.
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