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<font size=2 color="#993366"
face=Arial>I’m not saying it is as easy as making and explorer, testing it, and making
$500 a day.
<font size=2 color="#993366"
face=Arial>My whole point here is to get the ball rolling [from scratch, for all
the other novice Metastcok users] on something that we can all have input on as
is develops.
<font size=2 color="#993366"
face=Arial>Starting with the explorer.
And by all means my filter is not the end all, I WANT people to offer their
own ideas.
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>I am disciplined; I take my
$500 loss, no questions asked.
<font size=2 color="#993366"
face=Arial>Yeah, my biggest decision comes when I have 5 stocks and then I have to
decided which one to commit to for that day. But that may be a WHOLE other System or Explorer.
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>When I lose for the day. I
don’t do anything until the next day.
My ideal system is for only one trade per day. And if the trade goes in my direction the next day, I would
continue to hold for another $500 increment. Better yet, I should say a ½ point incremnent, because I
would buy 2,000 shares if I had the money.
<font size=2 color="#993366"
face=Arial>
<font size=2 color="#993366"
face=Arial>But my thinking is, if I can come up with a extremely reliable
exploration that has been tested, I can just buy any of the ones [stocks] that
comes up on the list.
<font size=2 color="#993366"
face=Arial>
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: richandellen [mailto:richandellen@xxxxxxxxxxx]
Sent: Monday, April 14, 2003 4:15
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers]
EXPLORER
<font size=3 color="#993366"
face="Times New Roman"> <font
color="#993366">
<font size=2 color=black
face=Arial>If it
was easy everyone would do it..<span
>
<font size=2 color=black
face=Arial>So are
you disciplined enough to sell at a $500.00 loss 2 minutes into the trade?<font
color="#993366">
<font size=2 color=black
face=Arial>Then
what..is that it for the day? Risk another $500? Same or different stock?<font
color="#993366">
<font size=2 color=black
face=Arial>Capital
preservation rules..the rest is small stuff..<span
>
<font size=2 color=black
face=Arial>I would
not bet it all on the first entry.add to positions if you guessed right, and
BTW it is a guess..anything can happen..<span
>
<font size=2 color=black
face=Arial>Most
day traders, even in the bull market broke even, at best..there are always
exceptions.
<font size=3 color=black
face="Times New Roman"> <font
color="#993366">
<font size=2 color=black
face=Arial>Looks
like a rather simple system test..look at others included in MS and work it
out..
<font size=2 color=black
face=Arial>I could
do it for you but should become self sufficient..<font
color="#993366">
<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>
<font size=2 color=black
face=Arial>
From:<font size=2 color=black
face=Arial> <a
href="" title="uhehs@xxxxxxxx">uhehs@xxxxxxxx
<font size=2 color="#993366"
face=Arial> <font
size=2 color="#993366" face=Arial>
<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxxxxx <font
size=2 color="#993366" face=Arial>
<font size=2 color=black
face=Arial>Sent:<span
> Monday, April 14, 2003
3:58 PM<span
>
<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial> RE:
[Metastockusers] EXPLORER<span
>
<font size=3 color="#993366"
face="Times New Roman"> <font
color="#993366">
<span
class=EmailStyle21>My idea is to have a sell
stop at $500 and use a trailing stop of $500 increments.
<span
class=EmailStyle21>
<span
class=EmailStyle21>I guess you can say I am
looking for something that’s got the likelihood of moving AT LEAST ½ point [in
my desired direction].
<span
class=EmailStyle21>Whether it’s 1000 shares or
10000. When a stock fits the
criteria I wrote about earlier, I noticed the tendency to move about a ½ point.
<span
class=EmailStyle21>I’d love to System Test
this, but I’m not that versed yet.
<span
class=EmailStyle21>
<span
class=EmailStyle21>I guess I can also say I
want to make $10,000 per day, but I would need quite a bit more assets.
<span
class=EmailStyle21>
<span
class=EmailStyle21>With my $500 per day
objective, I’m expecting to use [at most] $20,000 per day.<span
> If one of the stock outputs from this
Explorer should happen to be a $5 stock, then I would have $15,000 in capital
for anything else that looks attractive.
<span
class=EmailStyle21>
<span
class=EmailStyle21>Any other thoughts?
<span
class=EmailStyle21>
<font size=2
color=black face=Tahoma>-----Original Message-----
From: richandellen
[mailto:richandellen@xxxxxxxxxxx]
Sent: Monday, April 14, 2003 3:35
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers]
EXPLORER
<font size=3
color=black face="Times New Roman"> <font
color="#993366">
<font size=2
color=black face=Arial>Forget why you got into a trade..tell us the most important
part..Your money management ideas..the true Grail.<font
color="#993366">
<font size=2
color=black face=Arial>You should start with more modest ambitions..<font
color="#993366">
<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>
<font size=2 color=black
face=Arial>
From:<font size=2 color=black
face=Arial> <a
href="" title="uhehs@xxxxxxxx">uhehs@xxxxxxxx
<font size=3 color="#993366"
face="Times New Roman"> <font
color="#993366">
<font size=2 color="#993366"
face=Arial> <font
size=2 color="#993366" face=Arial>
<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxx com <font
size=2 color="#993366" face=Arial>
<font size=2 color=black
face=Arial>Sent:<span
> Monday, April 14, 2003
2:56 PM<span
>
<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial> [Metastockusers]
EXPLORER<span
>
<font size=3 color=black
face="Times New Roman"> <font
color="#993366">
<span
class=EmailStyle20>Hi all,
<span
class=EmailStyle20>
<span
class=EmailStyle20>As a novice user of
Metastock 7.21 you can understand when I say my creative juices are flowing.
<span
class=EmailStyle20>
<span
class=EmailStyle20>Here’s an idea I’m
exploring. Pardon the pun.
<span
class=EmailStyle20>
<span
class=EmailStyle20>Feel free to offer and
constructive advice you think may make it better.
<span
class=EmailStyle20>
<span
class=EmailStyle20>I would like to filter for
possible long stock trades as follows:
<span
class=EmailStyle20>1) The 7 period exponential mov, avg greater than the 14 period exp,
mov, avg.
<font size=2
color=black face=Arial>2)<font
size=1 color=black>
<font size=2 color=black
face=Arial>Close above the middle Bollinger line [sorry for sounding so elementary,
but that’s what I refer to this line as] Mine is set at (C,20,S).
<font size=2
color=black face=Arial>3)<font
size=1 color=black>
<font size=2 color=black
face=Arial>OBV greater than it’s 14 period exponential mov, avg.
<font size=2
color=black face=Arial>4)<font
size=1 color=black>
<font size=2 color=black
face=Arial>+DMI (14) greater than –DMI (14)
<font size=2
color=black face=Arial>5)<font
size=1 color=black>
<font size=2 color=black
face=Arial>RSI > 50
<font size=2
color=black face=Arial>6)<font
size=1 color=black>
<font size=2 color=black
face=Arial>Macd > it’s 14 period exponential mov, avg.
<span
class=EmailStyle20>
<span
class=EmailStyle20>Then reversing the “greater
than” to “lower than” to find good short candidates.
<span
class=EmailStyle20>
<span
class=EmailStyle20>My goal is to have about 5
stocks to choose from every day for the ultimate goal of making about $500 per
day. I favor stocks between $5 and
$20 than I can by up to 1,00 shares of to get my $500, hopefully.
<span
class=EmailStyle20>
<span
class=EmailStyle20>Let me know what you think.
<span
class=EmailStyle20>
<span
class=EmailStyle20>
<span
class=EmailStyle20>
<span
class=EmailStyle20>
<span
class=EmailStyle20>
<font size=3 color=black
face="Times New Roman">
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