The U.S. stocks fast-buy trading plan for August 22 through August 26 showed an average transaction yield of 0.1% with a total return of 0.8% and a max drawdown of 0.7%.
The growth leader at the opening of trading was the shares of American Express on Thursday with a yield of 1.1%, the leader of the fall — the same shares, but at the close of Friday with a yield of -0.7%.
The result is quite good, but it could be better, right? :)
The next week, profits may be higher due to the addition of the half-month effect.
This effect works better for the US stock market just in the first half of the month.
Additionally, the Fed's interest rate decision is more than two weeks away, and the next round of reporting doesn't start until October. And so for now we are likely to have a waiting period with some flat movement of stocks and low volatility (if there is no force majeure, of course).
Let me remind you an approximate trading plan:
1. Buy Apple and/or Home Depot shares on the Monday's open.
2. Buy Visa and/or Apple shares on the Tuesday's open.
3. Buy IBM shares on Wednesday's open.
4. Buy American Express and/or Home Depot at Thursday's open.
According to this plan, positions must be closed after 45 minutes from the opening of the trading session.
Stop Loss — below the low of the previous trading day.
If the session opens with a gap, and the Open of the day is below the low of the previous day, it is better to refrain from entering the market.
5. Buy UnitedHealth 1.5 - 2 hours before close of trading on Monday.
6. Buy American Express 1.5 - 2 hours before the close of trading on Friday.
Closing a position on this plan at the end of the trading session of the current day.
Stop Loss — below the low of the previous day.
And if the session opens with a gap, and the Open of the day is below the low of the previous day, it is better to refrain from entering the market.
Of course, there is no 100% success guarantee, but as a trading option, in my opinion, it’s not bad.
This content is for informational purposes only and is not intended to be investing advice.