Ok so using OCO, as a full time worker who cannot day trade, I came up with a strategy. I take a ticker that has a corresponding inverse or nearly so counterpart that are also all too obviously channeling and I set a stop loss and limit sell at the height of the channel and at a point lower in the channel. I collar the two tickers yet leaving enough room for the winner of the two to slightly run, and no matter if they hit their targets I'll scalp by the end of the week. I started practicing this casually, in my head “paper trading”, and started recently with .001% of my strictly accumulating-and-investing, with reasonable hedges, portfolio. It's been fire. It seems by using common sense to pick out a sector or ETF and their inverse counter part of which those I feel will have some movement insures profit or the likelihood thereof.
This strategy has been fire. Before I start scaling up the strategy's profits, can anybody tell me how this strategy absolutely sucks balls?
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