FA help...

[IIC]

Here is another question to the general board. What parameters must the market be in for you to take your FA stock long? Like maybe the 200dma or 50 are something like that.

Not so simple...Look for the the best stocks in the best moving groups(Not necessarily the Top Groups...The Moving Groups) is a good idea IMO.

IBD groups are very laggard except for the Daily movers...That's why I have to keep them myself...Doug

[Runner]

My buddy said he has a TA book for me to read. I think it is from a guy named William O’neal. Have you herd of this guy?

[IIC]

My buddy said he has a TA book for me to read. I think it is from a guy named William O’neal. Have you herd of this guy?

HERD...Sounds like a bunch of mindless cattle...LOL

[Runner]

IIC, I’ve studied Dave Landry’s system for a good while and like his persistent pullbacks. I’ve got his disks and really like the simplicity of it. I’ve done very well with it but the system is very streaky as it is all momentum based. I need three primary set ups to go long. Market, sector, and stock before trigger point.

I’m getting interested in learning about the FA stuff as I normally can’t even tell you the name of the company or even what they really do.

[Runner]

HERD...Sounds like a bunch of mindless cattle...LOL

I just remember who that guy is. Mr. IBD sorry about that. I had the newspaper from those guys my first year. That darn daily market takes or big picture got me in trouble. They did not come out and say bear until the blood was over with..

[IIC]

IIC, I’ve studied Dave Landry’s system for a good while and like his persistent pullbacks. I’ve got his disks and really like the simplicity of it. I’ve done very well with it but the system is very streaky as it is all momentum based. I need three primary set ups to go long. Market, sector, and stock before trigger point.

I’m getting interested in learning about the FA stuff as I normally can’t even tell you the name of the company or even what they really do.

What is your definition of Trigger Point...I call it "Flash Point" myself...Sometimes "Action Point"...But what is that point?

I would have a hard time explaining my def....Because it may depend on my goal...Quickie trade...Swing trade...Intermediate...Long Term...Doug(IIC)

[Runner]

A trigger point is the place you plan to buy at. In the pullbacks it is normally .10 from prior days high. This does not mean you pull the trigger on everything that trips it. It also takes on some discretion..

[Runner]

I hear you and I think everyone has their own deal on how they do things. I’ve been in scalp mode as on late with MED being a real nice winner last week. GOL I lucked up on and held for a few days and got out today. Doug do you scalp off 1 min charts?

[Runner]

What is your definition of Trigger Point...I call it "Flash Point" myself...Sometimes "Action Point"...But what is that point?

I would have a hard time explaining my def....Because it may depend on my goal...Quickie trade...Swing trade...Intermediate...Long Term...Doug(IIC)

The reason I asked about the 1 min charts. I’ve done much better off 15-60 min then the 3. Not sure why that is but seems to have been working. I’d get to jumpy with each little tic and sell way to early or take a loss way to soon.

I’ve got to be careful with the scalps because it gets me out of sync with swings. I told myself this Year I would not do it and here I am scalping.

[IIC]

I hear you and I think everyone has their own deal on how they do things. I’ve been in scalp mode as on late with MED being a real nice winner last week. GOL I lucked up on and held for a few days and got out today. Doug do you scalp off 1 min charts?

Yes...But I have not made that many recently...36 in the last month to be exact...26 gainers...But did not make as much on them as I lost on my longer term holdings...But no prob...Sh*t happens...As long as it doesn't happen too often...Doug

[Runner]

Doug pretty good numbers as long as they are worth it. Your batting average seems great. 36/26=1.38.

[IIC]

Doug pretty good numbers as long as they are worth it. Your batting average seems great. 36/26=1.38.

Day Trades are much easier than longer term trades...But I don't put as much money into them...Doug

[Runner]

For some reason some of my FA picks have fallen off the scan. Here are the scan results as of close Friday

LVS NTRI DXPE RES HANS ARXT BJS FCL QSII ISRG GOL CTSH LCAV NSR

[IIC]

For some reason some of my FA picks have fallen off the scan. Here are the scan results as of close Friday

LVS NTRI DXPE RES HANS ARXT BJS FCL QSII ISRG GOL CTSH LCAV NSR

Nice list...But heed this advice which I post on my Stockcharts.com Public charts thing:

"Look for stocks with the BEST fundamentals when they are technically ready"

That's not the exact quote...But same thing...Best, Doug(IIC)

[Runner]

Wow my FA list has been really taking a whopping. I’m glad I did not buy any yet.