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Coincidentally, I've just recently begun trading along these lines,
with good success. With AB's ability to test and track portfolios it's
relatively easy.
My basic method: First, I use a stock screener to locate CANSLIM-style
small-caps. (MSN has an advanced one, free and powerful. Major
brokerages have them, too, for customers.) Second, I eliminate foreign
issues from this list, keeping only domestic ones. I also "eyeball"
all the charts, eliminating stocks with uptrends that are
clearly "broken" but somehow sneaked past the initial screen, anyway.
Third, I *randomize* the list by putting it in alphabetical order by
ticker symbol. Finally, I choose the first 6 stocks on the list, and
that's the portfolio I work with. Each issue gets an equal dollar-
amount of money invested.
I swing in and out of the portfolio (long only) using a moving average
of the equity as a "buy" area when the general market (SP500 as proxy)
is strong, and use a discretionary exit, i.e., I think the trade has
made me as much as it's likely to on this particular upswing.
Since the beginning of the year I've hit three wins on three round-
trips, up about 14%. (Not a brag, because humiliation is only one
trade away for us all, just pointing out the potential, considering
that the SP500 and other major indices are still down for the year.)
I don't do any position-sizing, and just trade the portfolio as if it
was my own personal index. Only having 6 stocks might not seem like
enough diversification, but it works surprisingly well.
FWIW.
Sebastian
--- In amibroker@xxxxxxxxxxxxxxx, "droskill" <droskill@xxx> wrote:
>
> I was wondering if anyone has any experience with trading the equity
> curve itself as part of a system. In particular, I was looking for
> feedback on approaches to being above or below the curve - did you
> reduce/increase position sizes or the number of positions? What have
> you found to be affective?
>
> Any feedback greatly appreciated - obviously I don't want or expect
> anyone to give away a great system, but I thought it might be an
> interesting topic for a general discussion.
>
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