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[amibroker] Re: Random selection of stocks



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Phsst,

Again ... I really am NOT pushing a product ... but this is what PT 
was made for i.e. to filter or more appropriately SCORE and trade the 
high scorers.

Fred

--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> Hello Chuck,
> 
> I think in the same terms that you expressed regarding using filters
> against a full blown database to narrow down selections. That 
approach
> does not necessarily translate into 'holy grailism' as expressed by 
Yuki.
> 
> But from Yuki's post about trading only 5 stocks, I concluded that
> there surely must be a great potential benefit from being so
> intimately familiar with a small number of highly liquid stocks that
> you can see their charts in your sleep. You should be able to 
develop
> superior instincts regarding support/resistance/volume 
relationships.
> So I'd like to take a shot at that approach too. I don't have to
> abondon one trading system for another. What is the old saying...
> variety is the spice of life.
> 
> So now I'll spend a few days filtering down to my target basket, and
> then start applying some rules to trading them to see what shakes.
> 
> A new quest...
> 
> Phsst
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher"
> <chuck_rademacher@x> wrote:
> > I wasn't going to reply to Yuki's comment about "looking for 
things that
> > work across a random selection of stocks is a waste of time", but
> Fred has
> > sort of got me motivated to do so.
> > 
> > I understand why Yuki made the statement, but I prefer to do the
> filtering
> > process (that she is manually doing) within my trading system.  
> Yuki, what
> > makes you select certain stocks for trading?   You don't need to
> answer that
> > question, but I feel that whatever anyone does to create a 
watchlist can
> > become part of the AFL code.   By doing it as part of the trading
> system,
> > stocks will come into and go out of the list, without my
> intervention, for
> > backtesting and for trading forward.   When a stock no longer has 
that
> > "look" that I like, it will just disappear from my list of orders 
to
> place.
> > 
> > Just my three cents.
> > 
> > 
> > 
> > 
> >  -----Original Message-----
> > From: Fred [mailto:fctonetti@x...]
> > Sent: Thursday, July 17, 2003 10:20 AM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: Please send unmarked bills, in a brown
> paper bag,
> > to: ...
> > 
> > 
> >   I'm not sure I agree with the statement that "looking for 
things that
> >   work across a random selection of stocks is a waste of time".
> > 
> >   Part of the process that makes this viable i.e. reduces random
> >   selection to specific tradables can of course be a 
scoring/ranking
> >   ranking.
> > 
> >   When properly applied this too works.
> > 
> >   --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> 
wrote:
> >   > Hi Fred,
> >   >
> >   > Thursday, July 17, 2003, 12:16:45 PM, you wrote:
> >   >
> >   > F> If we had a system and it was only good enough to trade 
the S&P
> >   > F> wouldn't that be sufficient whether that was in the form of
> >   > F> EMini's,  Options, ETF's or what have you ?  Does any 
particular
> >   > F> system have to  work across a basket of whatever to be 
viable ?
> >   >
> >   > Absolutely, it is not necessary.  I am making hay, lots of 
hay,
> >   > trading the same 5 stocks over and over according to a 
system.  They
> >   > have made money with this system as far back as I can test.  
They
> >   > continue to make money.  Other stocks break even with the 
system.  I
> >   > don't know why.  I don't really care either.  I will continue 
to
> >   > trade the 5.  Someday they may stop working.  On the other 
hand,
> >   they
> >   > may not, as I can't find a significant time frame where they
> >   haven't.
> >   > But if they do, I'll look around for something else that 
works.
> >   >
> >   > Looking for something that works across a "random basket of 
stocks"
> >   > is A) a waste of time in my opinion, because B) it makes you 
Pope of
> >   > The Universal Church of Holy Grailism, which kicked me out 
years ago
> >   > for heresy. ^^_^^
> >   >
> >   > Yuki
> > 
> > 
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