Hello Jack, I attempted to complete the next couple of steps. I gave each list it's appropriate score. I manually went through each chart of each stock and looked for the stocks that had a rally of 20% or more, within an 8 day period, at least 5 times, in the last 6 months. I also included the shorting list from the down stocks at the top of the scan. Does this seem right to you? Am I a millionaire yet? Thanks, gotta_trade ----------------------------------------------------------------------------------- LIST 1 (bottom up) LAVA, ENDP, AVID, PSUN, HELE, ERES, ASKJ, ESI, DRIV, NFLX This group has a score of 0 All stock in this list met criteria of being reliable EXCEPT HELE, so we throw HALE out. ----------------------------------------------------------------------------------- LIST 2 (top/gainers) NWRE, ELBO, MRVL, SGMA, SLAB, POWI, OVTI, MATK, ATRS, LEXR This group has a score of 7 All stocks in this list met criteria of being reliable. ----------------------------------------------------------------------------------- LIST 3 (bottom continued) SINA, FDRY, UTSI, APPX, NTES, ODSY, KYPH, SOHV, LEND, YHOO This group has a score of 1 All stocks in this list met criteria of being reliable. ----------------------------------------------------------------------------------- Short List (the short list from the top of sort) DKS, SINT, SSYS, MRGE, GLDN, NTAP, FCX, SYNO, WBSN, URBN This group has a score of 3 -----------------------------------------------------------------------------------
mad house in here but hopefully order will be restore when moderator is back. meanwhile we could use some pick list here.
Magna should moderate this forum on a temporary basis, I'm sure that she would do a good job. gotta_trade
These stocks qualify with five 20% moves in six months. I did not take into account direction. If the stock moved 20% up or down 5 times in 6 months, I included them. LAVA ENDP TALX AVID PSUN ASKJ DRIV NFLX SINA FDRY It is notable that nearly all of these look like they are about to roll over, volume is falling. HELE did not make the cut. Too flat. Regards Oddi
Two facts: (1) Pages can disappear from an ET thread at any convenient moment. (2) The following has been posted on this thread: "I've actually got some good relations to the moderators, and I get them to delete your posts all the time - You didn't notice? " Daniel and Charles, My humble keyboard is not sharp enough to rival with your eternal wit that keeps on floating on the Internet. You made me wise enough to clear out of this mess. To Jack and bubba7, Great job fellows, I'm putting my cash register back in the attic. Jack, you have nothing to do with the mess as described above. Bowing to your joined talents, although on a level slightly lower than Daniel and Charles, I say goodbye to you assuring you both that you will do very well around here. Keep it up till Labor Day! Jacky Bubby sat on a wall, Jacky Bubby had a great fall None of the horses and the queen's men Can put Jacky Bubby together again. nononsense
That's how Jack trades equities. He focusses on stocks with strong EPS and RS. If you look in the Documents area at http://groups.msn.com/ShortTermStockTrading/general.msnw?pgmarket=en-us you will find a zip file called assessmentsheets.zip . It contains assessment sheets for a couple of hundred stocks. That will give you a better understanding of candidate selection.
It has to be 100 stocks universe in your screener. Then follow a trend of the stock you are tracking, which must be easier than spotting a new trend just before it starts. Let the stock retrace with good volume (macd below 0). Wait for the volume to dryup intradays and different fractals (5, 10, 15, 30 min). It can be many or few days. Now price stabilize, slowly price starts to pick up intradays and different fractals (keep a log), volume increase (macd reaching 0 line), look for the breakout, but still do not enter, until how price is holding up in the different fractals. If it is not a false breakout by evening, then enter with the trend, and leave before money velocity starts slowing down. Goodluck. This is what I learn from Jack plus my experience. You enter trend late and leave early (middle part of the trend same philosophy by John Henry)). No speculation use stoploss, and trailing stop if trend is moving.