|
PureBytes Links
Trading Reference Links
|
Harold
As others have said, great write-up.
1) Drilling down on promising lists, best sector to best
industry to best sub etc, is my way.
Problem for me is getting the groups of like stocks to
start with.
You say you 'copied all of the TC2K groups into MS'.
You could really help me out (and probably others that do not
have TC2K) if you could post the TC2K groups as an attachment to an e-mail
to this group, or, as a post to the files section of the group.
2) You say 'I then made composites of the groups'. I thought
in MS you could make composites just two items at a time. Is that how you did
it?
Thanks
David
<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:
rdb
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Sent: November 19, 2002 7:25 AM
Subject: Re: [Metastockusers] Re: Stock
Potential
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"
<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@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.
|