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.)
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When I post them I do so in descending order from #1 to #100.
Now admittedly, as I have posted before...The % loss/gain calculation has a flaw...The %'s calculate that you buy a stock that appears on each list at the open on the first trading day of the week and sell it at the close on the last trading day of the week if it drops off the list....If it stays on the list you hold until it drops off.
However, no one would know which stocks were going to drop off the list until after the market closed on the last trading day except that the IBD folks could know on their list and I could know on my list assumming we both ran our scans about 1 minute before the market closed.
I guess a fairer way would be that you had to sell at the open on the subsequent first trading day after the lists are posted if they dropped off...But I am not the one who does the calculations...Another fellow does it.
It is sort of interesting that the IBD Top 10 was red for the year though...It makes sense as the CSSGX was red too...But IBD claims that the IBD 100 was up over 11% for the year...Wonder how they figure that out???...Perhaps it is too late by the time stocks make it into the Top 10...I don't know.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
yes if that calculation is correct....and ibd claims different that it would be interesting....personally, i like both lists(yours and ibd) just for watch list prospects and wait for them to break out....did it with GROW and IAAC for nice gains....i am going to keep track of my top 10(based on my scan..not ibd 100 related) and yours and see how my 10 matches your top 10.
yes if that calculation is correct....and ibd claims different that it would be interesting....personally, i like both lists(yours and ibd) just for watch list prospects and wait for them to break out....did it with GROW and IAAC for nice gains....i am going to keep track of my top 10(based on my scan..not ibd 100 related) and yours and see how my 10 matches your top 10.
cheers
Yes...both lists are simply possible ideas. I look at both myself. However, I feel that the parameters I set up are more forward looking than IBD's.
In regards to my list I might find 5-15 that I may watch closely each week...They are not necessarily the ones near the top of the list though. The scan is strictly mechanical...In fact, some weeks I feel like manually eliminating some...But I don't...It is what it is I guess.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
do u mind me asking what softward u use to scan for your stocks and what parameters??? Just curious
I think I've said most of this before...But the database I use is not really mine. I have a friend who gives me access to his database via the web as long as I don't post any of his proprietary stuff.
He has his own Relative Strength formula from 1-100. He also has a bunch of criteria for sorting. But he does not have the same criteria that IBD has. For example, he has no EPS percentile rating. But that doesn't interest me anyway as I'm more interested in what is happening now and what may happen in the future than what happened up to 5 years ago...Sorta like "I don't care what you did for me yesterday...I wanna know what you are gonna do for me tomorrow" type of mindset.
As I've said before, I will reveal my criteria when WON reveals his...LOL...But basically I use RS, current earnings, projected earnings and a few other criteria.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I’m not familiar with the MACD indicator. What are some of the positives and negatives of this indicator? How does it perform in a trending market and range bound one?
My study of this MACD also indicates in most cases a huge volume spike near the turning point. This is seen on a daily chart. It appears to me this volume surge is a key ingredient for a possible change in trend.
I’m also still in the process of a study on the effects of wide range bars. I’ll post some interesting results on this when I’m done. One thing is for certain wide range days have a powerful effect..
Let's see, 2 weeks ago we had 28. It took 2 weeks but 27 of them at least temporarily crossed over. Last week we had 10...Took 3 days but all of them at least temporarily crossed over.
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