教師資料查詢 | 類別: 期刊論文 | 教師: 倪衍森 NI, YEN-SEN (瀏覽個人網頁)

標題:Profitable Day Trading Bitcoin Futures Following Continuous Bullish (Bearish) Candlesticks
學年
學期
出版(發表)日期2021/03/16
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
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
語言英文
ISSN1466-4291
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式,電子版
相關連結
SDGs
  • 優質教育,負責任的消費與生產
Google+ 推薦功能,讓全世界都能看到您的推薦!