Hi Spydertrader, Do you know of any other free website apart from stocktables.com that can give the RS and EPS ratings? Thank you for maintaining this excellent journal and for sharing your knowledge. Best regards.
Spyder- Did ya catch GROW today? Jeeze..... Some brief Q's 1- the stocks on your list, do you exclude them when they gap up? 2-I read Jack's post on increasing your return from 100% to 800%. What do you think you're lacking to get there? Enough trades? Trade size? Staying in too long? Too short? Great thread BTW, keep it up, I learn something every time I read it....
I've posted some comments regarding using Jack's ideas such as second derivitives to boost returns. I am very early in my developement of these ideas and stumbling along a bit. Attached is a chart of GROW showing the second derivitive based trades. As you can see, 2 winners and a loser. To me, this shows the potential of the idea and also that I need to refine what I'm doing. The first trade stopped a little early and missed about half the potential. I also posted REDF showing its good moves early in the day and late in the day. I did not trade GROW but did take the late REDF trade. Any suggestions are welcome . Doug
I am confused. GROW was not in DU....or was it? I am having a hard time with entry signals. Can someone explain. Thanks. I am doing my best to learn.
Thank you Spydertrader... I need to keep reading, dont have a grasp on the concept as a whole yet. I really appreciate your journal, I know its helping alot of traders right now.
I believe the IBD web site ranks the EPS and RS values in a similar way that stocktables ranks the equities. However, I do not know the cost involved with an IBD subscription. I imagine IBD also provides some sort of Free Trial. I recall a similar discussion in Journal One with respect to a free source of RS and EPS Rankings, but do not recall where the discussion took place. Gallas2 provided an MSN Screen attached in Journal One. His MSN Deluxe Screen (FREE by the way) approximated the RS and EPS Rankings and came very close to the stocktables.com downloaded lists. Perhaps someone has run across that discussion and can provide a link. And thank you for your participation in our discussion. I hope you continue to find the information here helpful. - Spydertrader
Yes I did catch GROW today, but I exited much too early. I move into an extremely conservative mode when a stock gaps up about 5% or more, and often, do not take the trade. If a stock gaps up by 10% or more, I avoid it entirely. On rare occasions, I have broken this rule, but such occasions are rare. Moving to the next level with respect to improving my overall rate of return requires I become comfortable trading a new set of methods in addition to the ones documented in Journal One. For example, eyeballing Dry Up (a skill I had difficulty mastering in journal One) provides additional opportunity by increasing the number of stocks available for trade on any given day. In addition, measuring money velocity accurately also provides a set of equities which have gone beyond the Dry Up phase. Lastly Jack's example of using the second derivatives of price and volume implies holding multiple positions within each 'stream' of money. Each of these avenues for improving rates of return requires various, yet interrelated skill sets. As I gain comfort trading these signals profitably, I anticipate improved performance, and as a result, an improved rate of return. Thank you for your kind words, and I appreciate your contribution to the thread's success. - Spydertrader
GROW did not appear on my list of Dry Up Stocks using the methods described at the end of Journal One. However, using other methods for calculating Dry Up Volume, one may have had GROW on a list for today. For example, eyeballing the volume numbers might have placed GROW in DU today. I traded GROW today based on price and volume movement. - Spydertrader
I totally missed out on that REDF deal. I simply wasn't paying attention. Excellent trade on your part. Keep up the great work. - Spydertrader