|
PureBytes Links
Trading Reference Links
|
Let me add my 2c..Remember all information is
worth what you paid for it <g>.I spent years looking for the magical
system only to be frustrated onhow it could find itself on the top of a
performance list and then tested on another market/security only to migrate to
the bottom..I've concluded that a basic simple system is the best, at least for
me..I call it as others do..the KISS principle..
I the final analysis no matter what system/methods
you use you must follow your technique to a tee. You must have a mental stop and
you must do it..Capital preservation is more important than any system, IMO..If
you keep loosing too much you won't be in the game too long and trading is a
game..One book stated and I have never forgotten it..Try to enter a market when
the least movement will prove you wrong..so I buy near support areas..I
prefer to increase position size if I was lucky and the market continues to move
in the favorable direction..You shouldn't bet it all on that initial
position..
Your trading timeframe is very important in
determining support/resistance levels but timeframe isn't mentioned too often.
Once you enter a trade anything can happen no matter what your methods
suggested..Be prepared to be wrong and stick to whatever loss you were willing
accept before you entered the trade..Wishing and hoping haven't worked for
me..
It isn't predicting..it is managing..
Dick.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Steve
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, November 19, 2002 6:43
AM
Subject: [Metastockusers] Re: Stock
Potential
Harold-ditto. Steve--- In <A
href="mailto:Metastockusers@x";>Metastockusers@x..., "anilkeshavji" <<A
href="mailto:anilkeshavji@x";>anilkeshavji@x...> wrote:>
Harold> > ...very interesting reply...thanks for taking time for
write up...> > anil> > --- In <A
href="mailto:Metastockusers@x";>Metastockusers@x..., "hcour" <<A
href="mailto:hcourtney@x";>hcourtney@x...> wrote:> >
Steve,> > > > Yeah, that's pretty much the $100,000
question. There are probably > as > > many different methods
as there are traders. One thing you might > > consider first is your
"universe of stocks". Many traders prefer > high > >
liquidity. For instance I like to have at least 100K average daily >
> vol (50d), some prefer 300K, some 500K or even more. I prefer >
stocks > > over $10, preferably $20, but others trade penny stocks
and do > fine. > > You might consider professional
sponsorship. Stocks tend to move > > better if the pro's are buying.
You could limit yourself to stocks > in > > the S&P 500,
Naz 100, R2K, semi's, just tech, whatever.> > > > Another
way is to combine fundamental and technical analysis. Find > >
sectors/groups w/strong fundamentals that haven't yet taken off > and
> > then apply TA to get a good entry point. MultexInvestor.com has
> some > > excellent screens for these kind of plays. William
O'Neil's > CANSLIM > > strategy also utilizes the FA/TA
combo.> > > > Once you've setup your universe of stocks
there are all kinds of > > scans. I'm sure lots of members here have
there own favs. A very > > popular method w/a lot of traders and a
good starting point is > simple > > Relative Strength. You
might start w/a scan of the S&P groups for > > instance, to find
those that are outperforming the rest of the > > market. Then find
the best stocks in those groups or those that > look > > to
have future potential which may be late-bloomers. Another way, > or
> > in conjunction w/RS, is to find low-volatility situations using
> > Historical Volatility, Bollinger Bands, or Narrow-Range Bars,
ect. > > Explosive moves often follow low-volatility. Others use
MACD > > crossovers, RSI, blah blah blah. It goes on
forever...> > > > I'm currently experimenting w/one of
Martin Pring's scans that may > be > > promising. First, I
copied all of the TC2K groups into MS, then > > filtered out all
stocks under 100K and $3. I then made composites > of > > the
groups, of which there are about 240 in about 40 sectors. I > run a
> > momentum scan on all the groups to find those that are just
> starting > > to gather steam (where the indicator has
crossed up over its 10d > ma > > w/both lines trending up but
still under 0.). Then I scan those > > groups for ones in which the
momentum of the RS is just starting > to > > gather steam
(same criteria). The theory here is that, unlike RS > > scans where
the group/stock may have already shot its wad, this > scan >
> will find bottom candidates w/good solid upside potential.> >
> > I ran the scan the first time this weekend. These are the most
> > interesting of the results. Charts are linked.> >
> > Auto - Major Manufacturers> > Auto - Auto
Parts> > Chemicals - Specialty> > Diverse Services -
Rental & Leasing Services> > Health Services - Long-Term Care
Facilities> > Leisure - Resorts & Casinos> >
Manufacturing - Metal Fabrication> > Retail - Dept. Stores>
> Wholesale - Auto Parts> > > > <A
href="http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=1MoMo+Groups+11-";>http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=1MoMo+Groups+11->
15-> > 02.GIF&.src=ph&.view=t&.hires=t> >
> > <A
href="http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=2MoMo+Groups+11-";>http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=2MoMo+Groups+11->
15-> > 02.GIF&.src=ph&.view=t&.hires=t> >
> > <A
href="http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=ManMetFab+MoMo+11-";>http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=ManMetFab+MoMo+11->
> 15-02.GIF&.src=ph&.view=t&.hires=t> > > >
Thses are short-term charts and show the groups in relation to > their
> > July lows. The first 2 charts show all the groups except Metal
> Fab. > > The 3rd chart shows the Metal Fab group and the 5
stocks that make > up > > the group.> > >
> Of course, these composites are specific to my filtering criteria.
> So > > someone else's Metal Fab group may not be in sync
w/mine. This is > > just an example of the method.> >
> > Harold> > > > > > > >
> > > > --- In Metastockusers@xxxx, "Steve"
<steveftw@xxxx> wrote:> > > Would anyone have any
recommendations for specific indicators or> > > studies for the
potential of a stock? I've found the hard way > that> >
> picking the right entry point is one thing - but finding the >
stocks> > > with the potential for substantial gains is quite
another (I> > > know-stating the obvious).> > >
> > > Thanks> > > > > > Steve in Ft.
WorthTo unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use
of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|