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>From: "Sidney V. Gold" <sgold@xxxxxxxxxxx>
>
>In stocks fundamentals are even more important than technical.
>there are a lot of stocks in the small cap area that are trading below net
>book value ( where the book value is Cash and short term CD's
>these are real bargains
>can Trade station screen for net assets less liabilities vs the stock
>price?
>It take me a lot of time to find these gems and I would prefer to automate.
Here's what happend to me:
Personally I lost a ton of money when I first started out, buying stocks on
"fundamentals". Then I discovered that I could trade stocks purely based on
technical price/volume patterns. Turned off CNBC, threw away the IBD and
did a lot better. Finally decided to skip stock selection altogether, and
obtain ultimate diversification at the same time by trading index futures.
Now things are really clicking. No more late nights scanning thousands of
stocks. No more hassles with upgrades, downgrades, earnings reports, etc.,
etc. Far fewer trades, much less to keep track of. Kinda boring really, but
it pays to be bored.
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