Profitable Day Trading Bitcoin Futures Following Continuous Bullish (Bearish) Candlesticks
學年 110
學期 2
出版（發表）日期 2022-02-15
作品名稱 Profitable Day Trading Bitcoin Futures Following Continuous Bullish (Bearish) Candlesticks
作品名稱（其他語言）
著者 Min-Yuh Day; Paoyu Huang; Yirung Cheng; Yin-Tzu Lin; Yensen Ni
單位
出版者
著錄名稱、卷期、頁數 Applied Economic Letters 29 (10), p.947-954
摘要 We explore the profitability of day trading Bitcoin futures following diverse consecutive 3 bullish (bearish) one-minute candlesticks and then adopt stop-loss or take-profit only as exits. We reveal that different from our cognition, adopting take-profit strategies would have a notable average positive profit per trade (APPT), which is robust by employing the upward trend out-of-sample data different from the downward trend in-sample data. We infer that such impressive findings might result from temporary rising (falling) prices likely manipulated for appealing to investors pursuing long (short) positions. As a result, investors may realize profit instead of suffering loss frequently by adopting take-profit exits since mean reversion might often occur after such manipulation. Moreover, we argue that stop-loss might be redundant for day trading such futures because stop-loss seems enclosed in the mechanism of day trading.
關鍵字 Bitcoin futures;take-profit;stop-loss;candlestick technical trading;investing strategies
語言 en
ISSN 1466-4291
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Yensen NI
審稿制度 是
國別 USA
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/120563 )

SDGS 優質教育,負責任的消費與生產