Registered: Jan 2011
08-15-12 01:34 AM
A advantage of trading stocks is you can have a larger selection of candidates and you can even just pick a certain period of time to trade without following the market for the entire day, because at a given time there is always certain stock breaking out or breaking down if you use trend trading strategy, unlike one instrument (future index for example) trading in which you have to follow the market all day long trying to catch 1 or 2 bigger moves, and when you missed it you often ended up chasing or forced trading; The advantage of using indicator system (vs discretionary system, or bar to bar analysis) is you can set an alert for each stock and that would save you lots of time and energy without your eyes glued to the screen constantly.
Quote from hoodooman:
I have two indicators that when their signals coincide precisely then the
probability of a successful trade is very high. Here are the results since
DATE MKOPEN W/L WIN%
8-2 UP 27/3 90%
8-3 UP 18/1 95%
8-6 DWN 18/1 95%
8-7 UP 35/8 81%
8-8 DWN 47/1 98%
8-9 DWN 24/2 92%
8-10 DWN 25/1 96%
There are always between 50 and 40 stocks in my que but only
a portion provide a signal each day.
These are all buy signals and interestingly, the short signals are not
nearly as accurate.