| StockFetcher Forums · General Discussion · Hot Stocks for Tomorrow! | << 1 ... 6 7 8 9 10 ... 16 >>Post Follow-up |
| travlr 80 posts msg #30404 - Ignore travlr |
12/29/2003 11:35:28 PM tx, How are you fitering for your "springs". I've been trading a similar fasion. Basically just looking at strong stocks on a negative news days. |
| travlr 80 posts msg #30405 - Ignore travlr |
12/29/2003 11:37:35 PM Ah... that's filtering... thanks travlr |
| txtrapper 548 posts msg #30406 - Ignore txtrapper |
12/30/2003 1:45:31 AM These stocks are not from a filter, I find them by looking for biggest loser/gainer stocks the previous day. Stocks between $2.00 and $5.00 work best. On News stocks I just wait three or four days and take at look at them again. Then I check IBD Relative Price Strength (RS Rating) anything above 80,then the Industry Group Strength B- or better, then Accumulation/Distribution (Acc/Dis Rating) above C or better, then I put them in prophet.net 1yr/w and look for stocks at or near lower L/R channel, Stochastics 5,2 fast (oversold) MACD crossovers. I also use the BOP (Balance of Power) indicator on Prophet.net. I start with 50 stocks and end up with 5 or 6, usually the first and third ones are the real rockets. They are the result of 3 or 4 hours of work daily. Just keep trying different methods and keep track of what worked good for you, and then look for similiar stocks, Actually you could make money just using one stock and learning about it, check 4 years back and see what months it advanced, look for a pattern. Actually I use only two filters, the Muddy Method and HG's Killer Filter for other stock picks. Another good method is to check Muddy Method stocks with a three day offset, check the ones that went down more, or stayed the same, they may be getting ready to move up. Or take rolling stocks and draw two lines thru them. Top line is 15% from the high, and bottom line is 15% from the low for a year. Then buy when the stock move up accross your 15% line, and sell when it hits the top 15% line, that was taught to me by an old trader, he said he made a lot of money doing just that with two or three stocks. tx |
| travlr 80 posts msg #30407 - Ignore travlr |
12/30/2003 3:18:19 AM tx, Thanks… I am relatively beginning and wonder what you might suggest to me as being the most assured system to trade actively. I’ve spent a lot of time reading the posts here as well as other studies. Point being … I really need to produce consecutively and cautiously. I know this is a cliché, but I’ve studied quite hard to initiate my trading positively right from the start. I have a lot respect for ew zuber and can find value in wallman’s approach as well (of which I’ve just been re-examining). My preference is to lean towards more of a mechanical approach (w/ research of course). That’s not to say I would not disreguard an EW Z approach of following intra-day trend lines (etc.) if that’s ultimately suggested. FWIW… I’ve been working with Wealth Lab Developer for back testing and automation. I enjoy the pursuit of programming and (eventually) intend to automate and screen my trades. The bottom line is… At this point I need to show gains. Even if only mild ones! Thanks Travlr |
| travlr 80 posts msg #30408 - Ignore travlr |
12/30/2003 3:43:41 AM BTW, HG’s Killer Filter looks quite appetizing. The one thing I immediately look for on SF filters are positive gains on broad market down days. This one does exceptionally well, it seems. I’m not yet in tune with SF’s advanced programming. Would you translate his filter for me? travlr |
| txtrapper 548 posts msg #30411 - Ignore txtrapper |
12/30/2003 9:35:14 AM I did not write the HG filter, it was posted on SF a while back, seems if you buy the first two or three picks they usually go up in two or three days, not big gains on low priced stocks perhaps a penny or two, you really need to buy maybe 1000 to 3500 and sit on them a few days, don't get greedy, if they go up a few cents sell them and make $40 to $50 and be happy with that. Take small gains. Of course a $.12 stock could double and you double your money. One thing that I have learned, take a long term (1 year) look at any stock before you buy it, buy Stan Weinstein's book, Secrets for Profiting in Bull and Bear Markets, I bought mine used online for $4.95, and listen to him about the four phases of stocks, Phase 1 basing, Phase 2 advancing, Phase 3 the top area, and Phase 4 the declining phase, when you look a a one or two year chart, you will look at the stock and determine what phase it is in, then do T/A and pick the winners. With the Muddy Method, if you break down the Filter, you can see that you are buying stocks between a certain price range, have been down three days in a row, the long tail shows it has resilence and bounced back, and stocks with sufficient volume to trade, it is a tried and true method, go to their site and read all the posts, plugging in their stocks in your trading platform and waiting for green works well. Check them out they are all good people that will help, don't ask silly questions, they will help if you seem like you have first tried to find the answer yourself. http://groups.yahoo.com/group/StockFetcher/ Got to go now and make some money, markets opening, later tx |
| wallman 299 posts msg #30417 - Ignore wallman |
12/30/2003 7:34:43 PM HEY TX, thanks for the plug for the MM site, BTW your calls on CPST and GIGM were REALLYYYYYYYYY nice!! hope you caught 'em slight green man,funny thing is the better you get at this the more stocks that will run away from you,a kinda catch 22 thing,it just means you got the radar set on the right ones,be patient,take the ones you can get and try to forget the ones you didn't and you will prosper....i liked your advice of the date offset at 3 on the muddy stocks,it's been going on now for the almost 3 years that i have followed it so it seems it is more than just a couple month thing, keep up the good work ! MUDDY |
| travlr 80 posts msg #30418 - Ignore travlr |
12/30/2003 9:13:12 PM tx, Thank You. Much appreciated. travlr |
| txtrapper 548 posts msg #30419 - Ignore txtrapper |
12/30/2003 9:16:59 PM Thanks, recently I have been getting into studying stochastics, one thing I have learned from EWZuber is to take a good long look at stochastics on a 1 to 3 year chart before making a buying decision. Seems that if you take a look at Stochastics (5,2)fast, on a Prophet 1yr/w chart, and look for crossovers (especially ones just starting to crossover from the bottom) has increased my win ratio dramatically. I have also been studying MFI(14) (Money Flow Index), and looking for stocks below 20 (oversold) and then plug them into the Stochastics chart. This morning I watched one of my "springs" AMSF drop .26 cents at the open, I kept saying I should buy it, but kept waiting, left the computer for a few hours to do some work, yes I work, I am a Wildlife Specialist, dealing with nuisance wildlife is South Texas. When I returned that stock had increased over $.30 went to +.04 and it was a $1.21 cent stock to start with. I did get into CRPP @ $.03 today, and it went up to $0.055 a big gain for a penny stock. Learn about stochastics @ http://www.woodingtrading.com/stochastics.html Happy New Year Everyone, tx |
| wallman 299 posts msg #30420 - Ignore wallman |
12/30/2003 9:54:30 PM TRAVLR, anyone interested in TA and/or stochastics should do themselves a favor and go to the MM stockfetcher yahoo site and click on "files",then "helpful docs",then open the file "stochastics,ema(13)" written by RJONES, it's not a fast read through thing,read,re-read,study the chart examples and hopefully you will come away with some pretty valuable stuff |
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