todddunning
31 posts
msg #26909
- Ignore todddunning |
6/17/2003 3:11:06 AM
Shelshel please join us at http://groups.yahoo.com/group/StockFetcher/
|
shelshel
11 posts
msg #26911
- Ignore shelshel |
6/17/2003 6:23:28 AM
I've already joined just a few days ago.
|
wallman
299 posts
msg #26912
- Ignore wallman |
6/17/2003 6:43:37 AM
SHELSHEL,congrats on your results so far,this is exactlly why i'm glad the group was started,to see what creative ideas we can get out of this method,even if one never places a trade with our methods,it could open ones eyes to things so obvious but overlooked,even after many years of trading....much thanks for sharing,MUDDY
|
jprowe
17 posts
msg #26913
- Ignore jprowe |
6/17/2003 8:32:37 AM
shelshel,
Did you get RNWK as the 'play' for Tuesday? Sorry to bother you, just checking my process....
Thanks,
Jon
|
dabonenose
26 posts
msg #26917
- Ignore dabonenose |
6/17/2003 3:11:15 PM
JPRowe,,,I took a look at shelshel filter and applied it to rnwk,fcse,kana,glbl,,,with rnwk and kana a tie at 3points. Considering the lowest MF,,,KANA would be the choice.
Dab
|
rrochon
117 posts
msg #26924
- Ignore rrochon |
6/17/2003 4:39:28 PM
Shelshel,
Thanks for the update. If the price drops 15% after you buy, or the RSI, MFI or Slow Stoch go over your limits, do you sell immediately, just before the close, or on the open the next morning.
Evidently you do not use the price of the stock, or whether the volume has been increasing the last 3 days, or whether the candlestick had a long tail in making your selections. Correct?
Do you try to trade everyday, once a week, or what?
And how do you divide your trading money up? Same $ amount, same number of shares, a % of your money, etc.?
Sorry for so many questions, but when someone is successful I want to do exactly what they are doing.
Thanks,
Dick
|
shelshel
11 posts
msg #26927
- Ignore shelshel |
6/17/2003 9:48:49 PM
Rrochon,
If a stocks closing price is starting to approach an 8% loss from where I bought it I'll set a stop loss for the next morning to where it will equal a 15% loss. Since these stock can be volatile I'll give them a little leeway.
Your correct in that I don't look for volume increasing for 3 days or candlesticks with a long tail. I figure if a stock is touching the lower bollinger band and has already been down for 4 days it's probably oversold or pretty close to it. The MFI shows me how oversold the stock is. This is why I give the highest volume stock a ranking of 1 (volume will drive a stock) and a ranking of 1 for the lowest MFI stock (most oversold stock). Hopefully with this combination a rebound will occur soon.
I usually buy 1 stock each evening using the same dollar amount. As I sell off my most overbought stocks this gives me additional funds to purchase more. As of late though ,everytime I place a stop order the stocks keep going up the next day, not that I'm complaining. The beauty of this filter is that you don't need to purchase everyday. If at some point I don't have the funds to purchase more I just wait until the time is right to take some profits and use this money to purchase more.
Hope this helps.
|
jprowe
17 posts
msg #26928
- Ignore jprowe |
6/17/2003 10:41:30 PM
DAB,
Thanks for the feedback. It looked to me that RNWK MFI was about 15 and KANA was 20. So I went with RNWK for the play. The markers on the side are a little confusing (using Stock Fetcher anyway) since I can't get an exact number (need to count the little lines):(
|
jprowe
17 posts
msg #26929
- Ignore jprowe |
6/17/2003 10:47:01 PM
Shelshel,
Do you mind telling me if and what you traded on 6-17(Tuesday)? Thanks! DAB was most helpful in clearing up something I missed on the MFI (I got into RNWK today at 6.64) and wanted to ask if you got in the market with any new trades???
Many thanks,
Jon
jprowe(at)onebox(dot)com
|
shelshel
11 posts
msg #26930
- Ignore shelshel |
6/18/2003 6:19:57 AM
jprowe
I purchased KANA on Tuesday. Aslo, in my setting under results I have added column Money Flow Index. This gives me exactly what the MFI was for this day. I put in an order to buy UBET for Wednesday.
|