This week I am going bullish on Walmart. I usually don’t trade stocks this expensive but my algo picked it up. Current price trading below lower bollinger and EMA. This is my first trial blindly trusting my algo which is simply coded to mirror Matthew Kratter´s rubberband strategy. However, I decided to also toss in the EMA to shorten my holding period to a maximum of 3 or 5 days.
Current price is 117.74
Entering my position at 118.72
Exit target is 125
Only bought 20 shares, unfortunately my portfolio size isn’t as big as I want, but if I manage to make this algo work you can come back when I am 30 years old and ask me how my portfolio is performing haha
Here are a few questions for the experienced traders out there;
1) What’s your weekly return on average? I am trying to work on a bot that can give me a 1% weekly return and I would like to know if this is a realistic goal
2) If you’re trading in Canada, what broker to you use? I am using Questrade, which charges me a flat fee of 5 CAD per trade but I am wondering if there’s anything cheaper (or better per say)
Please leave a comment or any thoughts that might be useful. The reason why I like TradingView so much is because it has allowed me to connect with actual experienced traders and knowledge is power after all.
Current price is 117.74
Entering my position at 118.72
Exit target is 125
Only bought 20 shares, unfortunately my portfolio size isn’t as big as I want, but if I manage to make this algo work you can come back when I am 30 years old and ask me how my portfolio is performing haha
Here are a few questions for the experienced traders out there;
1) What’s your weekly return on average? I am trying to work on a bot that can give me a 1% weekly return and I would like to know if this is a realistic goal
2) If you’re trading in Canada, what broker to you use? I am using Questrade, which charges me a flat fee of 5 CAD per trade but I am wondering if there’s anything cheaper (or better per say)
Please leave a comment or any thoughts that might be useful. The reason why I like TradingView so much is because it has allowed me to connect with actual experienced traders and knowledge is power after all.
NEW exit target - 122 (readjusting my exit target because I want to exit this position asap to reallocate my capital in other trades)
Expected total gain - 85.2 (minus 5$ fee per trade
So far, I'm very pleased with the efficiency of the algorithm. I will continue to test it out with a few more trades throughout this month