Algorithms for Trading in a Volatile Market

The updated version of the script in this discussion can always be found on Trading View.

I venture off into many hobbies, everything from running and trying to complete a mile in less than five minutes, to building a bike because I watched one-too-many Youtube videos of people converting old bikes into cafe racers. Most of my hobbies start that way, on Youtube, watching people trying to do things that seem a little hard to achieve but fun at the same time.

The COVID pandemic brought a pretty cool opportunity to dive into the stock market. Some however would argue that this is the worst time to dive into such a hobby, but I disagree... So I dove deep into derivatives and equities alike and have found a lot of really cool stuff.

The derivatives game is hilarious, as it resembles gambling so closely that even researching my moves makes me feel like I'm sitting at the blackjack table, trying to count my way to a twenty-one.

So, for now, let's roll with just equities, mostly as a day-trader.

Doubting my Vibe

Today was a rather shitty day. I woke up with every intention to follow through with my scheduled trades. The plan was to get in on PK if/when it fell below $8.00 with a stop loss of $0.10 to ensure my exposure was minimum. Here's why it had become the perfect opportunity to initiate a trade.