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OklaBoston (67.94)

Accuracy

Recs

2

August 21, 2012 – Comments (3)

I may have mentioned this in an earlier post but am not sure.

 I'm thinking the "Accuracy" figure on our individual pages should be split into seperate numbers for still active picks and for closed picks, to help us know whether we're getting better or worse at knowing when to open or close them. Agree or disagree?

3 Comments – Post Your Own

#1) On August 22, 2012 at 11:58 AM, EnigmaDude (86.28) wrote:

Are you aware that picks that you end with less than 5 points do not get included in your accuracy rating?

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#2) On August 24, 2012 at 12:58 PM, OklaBoston (67.94) wrote:

I was not aware of that or may just have forgotten it.

I still like the split numbers idea. I'll keep using the site whether or not it gets adapted, but will be happier if it is. 

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#3) On September 13, 2012 at 12:57 PM, TSIF (99.96) wrote:

You can tell if you accuracy is getting any better by whether it moves up or down!  ;)

With 3,000 picks it would take a LOT of accurate picks to move the needle. I finally went up 1% by being very careful and taking less risk the last two months. Risk for me, however is part of the game and part of learning. It's just who I am.

I don't think your model would work as you may have picks that you open and leave open for years, or some you open and close in a week.  A look at your current accuracy of open picks doesn't really do much. 

In general, just a suggestion that you work on more patience, (but perhaps that's no fun for your style!!).

All the picks you close negative count against you, even at 1%.  A little focus, timing, limit orders, (you have to be careful with "tight limits" the S&P could move 1-2% against you), etc would help.  Closing ZERO to +5 does NOT help your accuracy.

Definitely if your conviction changes, or you expect a catalyst, then close a pick, but generally, I'm very careful between Negative 5 and plus 6.  I only close between zero and five if I really changed my mind and just want OUT!!!

Good luck! 

 

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