Kevin_in_GA
4,599 posts
msg #80703
- Ignore Kevin_in_GA |
10/6/2009 8:16:05 AM
It is already sorted by top weighted score for the past year. That is all you need. There are at least ten good picks every week - I would look at the top ten (which all usually have successful over the past 1-2 months) and see if there is any news that might be helpful/harmful. Also, look at the sector they are in - is it performing well relative to the rest of the market? That would certainly help.
|
gabestogie
79 posts
msg #80704
- Ignore gabestogie |
10/6/2009 8:41:06 AM
Kevin:
Sounds encouraging,could really turn into a slow cooker for anyone. 3% may sound small to some but if you coumpound your wins it begins to add up fast.
Gabe
|
Kevin_in_GA
4,599 posts
msg #80705
- Ignore Kevin_in_GA |
10/6/2009 8:57:39 AM
Even without compounding it is pretty impressive - 12% per month or 150% per year. I've never done that.
|
Kevin_in_GA
4,599 posts
msg #80706
- Ignore Kevin_in_GA
modified |
10/6/2009 9:03:38 AM
By the way, this filter should only be run over the weekend, once the weekly numbers for SF have been finalized.
Then you take a closer look at the top 10, do some DD on them and pick your top 3 to invest. Split your investment evenly between them to improve the odds.
Kevin
|
TheRumpledOne
6,529 posts
msg #80724
- Ignore TheRumpledOne |
10/6/2009 11:01:06 AM
Are you actually trading this?
|
hawkeyes002
49 posts
msg #80726
- Ignore hawkeyes002 |
10/6/2009 11:27:16 AM
do you buy the stocks on friday before the close or on monday at the open? do you wait for green to buy? thanks, sam
|
Kevin_in_GA
4,599 posts
msg #80729
- Ignore Kevin_in_GA |
10/6/2009 12:03:35 PM
Are you actually trading this?
TRO
++++++++
Not yet - I only modified it last night to see how it would work. However, I am very seriously considering this approach over my current trading system (Bollinger Band-based).
|
Kevin_in_GA
4,599 posts
msg #80730
- Ignore Kevin_in_GA
modified |
10/6/2009 12:05:08 PM
Stocks are bought at the open on Monday, as a rule. That is what the statistics are based upon (weekly open is the open on Monday).
Red or green is not part of the analysis - it is based solely on the opening price on Monday and the high for the week. However, you could wait and see if there is a pullback, depending on the market futures, and get in cheaper using a limit order (thereby improving your likelihood of hitting the 3% target).
Kevin
|
heypa
283 posts
msg #80734
- Ignore heypa |
10/6/2009 12:28:21 PM
Kevin. Once you start trading this you will understand my previous comment. I wouldn't use the poker parlance "All in".How are you calculating your stop or don't you plan to use one?
|
Kevin_in_GA
4,599 posts
msg #80735
- Ignore Kevin_in_GA |
10/6/2009 12:39:01 PM
I understand your comment - all one has to do is look back 1 year from today and see how brutalized stocks can get in a bad downturn.
As to instituting a stop, it makes sense. I just haven't figured out what % (and how to test it, except to paper trade for a while and see).
I still think that on the whole you will see a much higher return over one year trading this system than a lot of others. I'm in the process of testing this - I'm running the filter backwards using offsets, and looking at the top 3 picks for each week. They vary from week to week, so this is the only way to be sure that you are modeling the system propoerly. Did they hit their 3% target? If not, what was the loss incurred by the close on Friday?
Once it is complete, I'll share it in another post to this thread.
|