I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
Yes, interesting... what made you do this, or is this not something new? I've been doing something similar, but on a weekly basis. I entered GHDX, long, near last week's low... looking for a nice bounce this coming week. In hindsight, I've been seeing nice entries at these levels with many different stocks. This market still has support, and it is worth playing, IMO.
At least one of us made money on SIM today
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
Yes, interesting... what made you do this, or is this not something new? I've been doing something similar, but on a weekly basis. I entered GHDX, long, near last week's low... looking for a nice bounce this coming week. In hindsight, I've been seeing nice entries at these levels with many different stocks. This market still has support, and it is worth playing, IMO.
At least one of us made money on SIM today
I've been thinking about it for a while...I would look at some of the charts at night and I noticed that some had their low for the day during the first half hour...But I never tracked it.
Now, for over 2 years I have put those that are up big pre-m or early in my streamer...My idea has always been to wait for a p/b and a second move...Some do but overall I don't get many from that list...Again, I never tracked it but it certainly seems that many of those peak in the first half hour.
So I figured that I'd put the losers on my streamer and track them...I'm not officially tracking all of them every night but when I do check at night it seems to be true that many react the way I thought...But obviously not all.
Anyway, I decided to test it out with real trades and I started on Wednesday. It is a little scary though because I have seen some start to rebound and then turn around and tank further...And there is sure no guarantee that they will rebound again...So, that's why you see so many small gainers.
Take ZOLT...I bot it and got scared out for .31...but it rebounded again and I went back in at .27 higher than I sold the first time...so I could've made .27 more than I did by not selling the first time.
Take VRTX on Wed...I lost .30...then it rebounds and I make .48 the second time around...I could've made .30 more overall since I bot it the second time for the same price I paid the first time.
But it could work the other way too...And that would not be good...It could easily happen that a stock goes down and down and I lose over a buck...Would take 5 .20 gainers to get back even plus commssion.
I set certain points and watch the p/v...that influences my hold decision quite a bit.
But I'm just getting started w/ this...I doubt that it will become a regular thing...But my first inclination is that it will give me another way to trade...Best, Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I went to your public list (and voted). I like TTEC for a multiweek hold.
Ill never understand the appeal of these business services stocks (ie PRFT), but people like this stuff. I see TTEC going to $30. A double from its pre October earnings base. Looks like a good buy at current price.
I went to your public list (and voted). I like TTEC for a multiweek hold.
Ill never understand the appeal of these business services stocks (ie PRFT), but people like this stuff. I see TTEC going to $30. A double from its pre October earnings base. Looks like a good buy at current price.
Thanks for the vote.
I still cannot update mt list for this monday over there though....I'll try later...Best, Doug
PS...Just remember that the IIC 100 is only a list of stocks that meet some minimum criteria I set up...I rarely like more than 5 to 15 of them
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I'm glad i found this place. i got a reference from a Yahoo message board.
I used to have a public chart list but i turned it off because nobody was voting for me. I think i can bring something to the table here, this is a better format for sharing then a public list by itself.
My time-frames are usually weeks to months, not more then a year. I look for industry trends and try to find the best stocks within those industries. I sort by brute force of trolling through 100's of charts everyday and then work backwards from the best looking charts. I dont use any indicators or any screens other then looking at the top 200 or so winners each day. Right now i like non-res construction related stuff. So i own CHAP and PCR as they directly relate. Then ive got AP as it relates to steel. STLD is probably a decent steel too but i already own a mother load of CHAP from $32.5 which is superior. I got wind of the CHAP call by Mr Market and thats how i ended up here.
TTEC is in business services and ive owned PRFT in the past as it had a nice set up in late '05-early '06. It remains a hot sector although the current valuations dont seem to make much sense. But TTEC has a compelling chart currently + Q4 is always good for business services. Not yet sure if i actually buy this one or not.
Amazingly some of the megacaps look good. GE, CSCO, MSFT, KO. Its hard to admit but the charts say these are quality. The action on GE especially has to bode well for the market in general.
Well...Stockcharts is gradually getting it back...some stuff is now Friday's while some is still Thur's...However, I was able to get in and update the IIC 100 List.
As a matter of fact 2 people I know just deleted their lists last week...A lot of work for most...But mine only takes a minute because I don't provide annotations or any comments...So it is no big deal to post it.
Speaking of large caps...Barron's likes ConocoPhillips
Everyday for the past 2 1/2+ years...except when I'm on vacation(Which seems to be quite often lately...LOL)...I post a list called "Today's MoMo" around the Net. MoMo=Momentum
This list is NOT a list of recommendations...It is a list of the top 5% of my Relative Strength(RS) Database of 5500+ equities that closed up 2%+ on at least 1.5x ADV. My RS may not match others because I use 1-100 RS ratings and the treatment of IPO's may be different...But they should be close on a 1 year scale since the formula is basic.
Anyway, these stocks are in NO WAY good IMO just because they are on the list...I offer it only as a tool for those who want to further research w/ my list parameters.
Notice that I post them w/ MACD 2,13,12...I have found that to be helpful on 5 min, 60min and Daily charts for short-term trading (Too whippy on 1 min charts)...THX...Doug(IIC)
Comment