Benefits of the Top 10 Odds - Sep 29, 2022 Performance Breakdown (S&P 500)

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Benefits of the Top 10 Odds: Sep 29, 2022 Performance Breakdown


The following showcases potential results from The Top 10 Odds (S&P 500) basket for September 29, 2022. This is using the v2.1 algorithm, which selects 10 longs and 10 shorts from the S&P 500 index.

Below is an annotated 5-minute chart for SPY on September 29 for overall context of market moves.



Below is the intraday performance from open to close (OC) of the various baskets consisting of 10 long stocks, 10 shorts, and then a combined basket with all 20 symbols. The performance is measured in ROC, which is "Return on Capital." This is calculated by taking the return for the day (+$122.65) and dividing it by the total capital used ($10,000 long + $10,000 short = $20,000), thus +$122.65 / $20,000 = +0.61% ROC.



StockOdds Selection

These stocks were selected the evening of September 28th for Trading at the Open Auction or before the open if advantageous. The stocks could be held until the Closing Auction at 4:00pm ET or could be closed out during the day in a variety of ways.


StockOdds Criteria

Our Algo selected these using a variety of factors/signals like RSI 2 and using the displayed Odds & Average Performance selected symbols for Open to Close today, September 29th

There was no human vetting such as news considered or what the stocks were doing premarket. No consideration for Sector performance or Market Sentiment.

An equal amount of capital was applied to each symbol.
Market Orders for the Open (OPG) were used to establish the positions. Market on Close Orders (MOC) were used to close the positions.

This is what we at StockOdds, Inc. refer to as a baselineapproach. The question is; can the human do better? There are a variety of ways to optimize, such as better position sizing (volatility, beta, risk factors), and executing

Limit Orders versus Market Orders, or closing positions early and locking profits along the way.

These optimization techniques are for subscribers to learn in our Learning Academy or implement their own ideas and models of managing baskets.

The key to Basket Trading is Relative Performance. Simply put, you want your Longs to Outperform your Shorts regardless of market direction.

Why not traded hedged, overcome the noise and whipsaw, and be more consistent with lower variance? 


Check out the Top 10 Odds here


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Disclaimer: The contributor, as well as other StockOdds staff may have a position, or have recently closed a position, or are looking to open a position for any of the above named tickers. The views, thoughts, and opinions expressed in the text belong solely to the author. All future returns are hypothetical as market conditions can and do change. Past Trader performance may not be repeatable for a variety of reasons. There is a very high degree of risk involved in trading. There is Risk of Loss. Using Leverage can lead to increased losses. Shorting an equity has unlimited risk. Spread Trading can compound risk. Spread Trading increases commissions due to doing both sides of the pair. Holding costs can be significant if spread positions are held overnight. Traders and Investor should consult their accountant for taxation rules and guidelines. Past results are not indicative of future returns. StockOdds, Inc. and its websites and, and all individuals affiliated with these sites assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles, and all other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations is obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness, and usefulness of the information. By consuming this content, you do so at your own risk. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates, partners, and principals of StockOdds, Inc. may have a position for or against, or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.