You must take trades that make sense to you in order to learn. The goal is to gather the necessary education, skills, and experience while haveing a positive EQ. Spyder provides this and is really enabling a lot of people. I am realizing that me spouting off whats going up is not helping or enabling. I am glad you made money though.
Ace- Following your lead I changed the volume criterion to {Vol3MAvg}>=0.2*21. I was able to add: {EPS%ChgPYQ}>=65 per your Code attachment. I assume this statement says EPS must have increased more than 65% over the EPS value obtained for the same quarter one year ago. What was your thinking when you designed this requirement? I apply Price criteria in the stocktables.com screen. Did you create your screen code in the PwrScrner Lite version? Running my revised script, hits decreased from ~1500 to 162. And, MPWRE disappeared. Thank you for your help. glenk
Doug- I'm sorry, I don't know what one does to feed Power Screener symbols, or why. I'm still getting acquainted with that tool and only use it to find stocks satisfying criteria that one can't implement in StockTables, eg, positive EPS, Float, and minimum average daily volume. There seems to be no limit to the number of stocks that can appear in the screener's report, and all the data can be easily exported directly into Excel. When I revised my screening code per Ace's input, and SpyderTrader's alert, MPWRE went away. I have REDF also on my list for Friday. GlenK
No worries. I would never hold anyone responsible for my making a bad trade. It doesn't bother me at all when you or anyone else makes a prediction. It feels good to make the right prediction. This is why I traded that stock... 1. It is was on my hotlist. 2. There was increased volume at the close the day before. ..see the 30 min chart. 3. On the 5min chart the MACD showed a positive trend (circle) 4. there was increased volume with price appreciation (square) 5. the Stoch confirmed the trend. 6. I considered the PV relationship that says if volume is increasing then the trend will continue. So I waited until volume picked up a second time (purple square) at got filled at 13.47 7. I was watching the volume continue to decrease (blue line over volume) and waiting for an exit. Because the PV relationship also says that if volume is decreasing then the trend will change. 8. I closed my position at 13.73 before the trend changed. I never intended to hold this longer than a few minutes because the trade was not keeping to system, i.e. like you mentioned, this stock was not in dryup. Gooch87
Ace Thanks for the input. I could not locate the MSN screen. However I will work with the Reuters screener for now. Don
If using the MSN Stock Screener, make sure to scroll down to the bottom of the linked page to click on the "Deluxe Screener" link. Using the Deluxe Stock Screener allows you to input significantly greater numbers of search parameters. - Spydertrader
Deluxe screener is an activex . If you are browsing with firefox,(or you don't have activex enabled in Explorer), you wont be able to see the link to the Deluxe Screener. It took me a while to figure that out. my 2 euro cents