RiskOn’s October Day Trading Strategy

Contest: October First Daily Challenge

Final Rank: 1

Final Portfolio Value: $104,671.33 (+4.67%)

Day Trading Strategy For This Contest

For this daily contest, I purchased 4 ETF stocks, then sold 2 of them once I had a good lead, not wanting to give up all of my gains.

My strategy is to purchase the riskiest 2X and 3X ETF stocks available, use all available cash, and most often enter the market in counter trend at the point where the latest short term market trend appears to be ending. In this way I ride the new trend from the beginning for maximum gain. Once this new counter trend appears to be ending, I will take my profits. There are several tools and algorithms that can be used to predict the beginning or end of a trend. For this contest I used the CCI which is good at predicting an overbought or oversold situation. Warning: This strategy is an extremely risky one, that I would never try in real life with my own money.

Other good strategies for stock picking contests, are to play earnings surprises, or play the big movers of the day.

Final Open Positions and Portfolio Allocation

October Stock Holdings October allocation
Click Here To Join The Next Contest!

See More Trading Strategies From This Contest

AWESOM-0’s Third October Daily Contest Trading Strategy - Contest: October Third Daily Challenge Final Rank: 7 Final Portfolio Value: $101,621.37 (+1.62%) Trading Strategy For This Contest For the October 3rd Daily Contest I picked a mix between triple-leveraged ETFs and a few companies that I felt were undervalued. The triple-leveraged ETFs are great for a daily competition because the profits are huge if Read More...
RUINTHERE’s Third October Daily Contest Trading Strategy - Contest: October Third Daily Challenge Final Rank: 1 Final Portfolio Value: $108,724.97 (+8.72%) Trading Strategy For This Contest The strategy I prefer to use is to look for stocks that have been unfairly beaten down. Many stocks are down at any given time and most justifiably so. However, there are those that have become oversold. Read More...
RiskOn’s October Day Trading Strategy - Contest: October First Daily Challenge Final Rank: 1 Final Portfolio Value: $104,671.33 (+4.67%) Day Trading Strategy For This Contest For this daily contest, I purchased 4 ETF stocks, then sold 2 of them once I had a good lead, not wanting to give up all of my gains. My strategy is to purchase the riskiest Read More...
ksmith’s October Day Trading Strategy - Contest: October First Daily Challenge Final Rank: 3 Final Portfolio Value: $102,112.25 (+2.11%) Day Trading Strategy For This Contest For this day-trading contest, my big winners were the triple-leveraged ETFs (Click Here for a list of leveraged ETFs!) [hq]DWTI[/hq] and [hq]JDST[/hq]. [hq]DWTI[/hq] is a triple-leveraged Bear Oil ETF, so when oil goes down by 1%, Read More...
hoabidebay’s First October Week Contest Trading Strategy - Contest: October First Weekly Challenge Final Rank: 1 Final Portfolio Value: $116,943.82 (+16.94%) Trading Strategy For This Contest I select highly volatile and liquid stocks / ETFs to trade, paying attention to how they behave (gap up/down) the 1st 15 min of the opening session. Final Open Positions and Portfolio Allocation Performance Over The Total Read More...
BranFlakes1212’s October Day Trading Strategy - Contest: October First Daily Contest Final Rank: 6 Final Portfolio Value: $101,341.05 (+1.34%) Day Trading Strategy For This Contest I usually focus on Lower priced stocks because they tend to be more volatile. Tuesday however didn’t have very many stocks doing what I prefer to trade, so I pretty much picked one of the top Read More...