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I feel it might be helpful if I post what I’m trying to accomplish with my database. Each day I run a scan of the Industries. I’m only looking for Rev>20 and EPS qtr >20. The reason for the loose settings is to attempt to ID a new group that might begin a nice run.
I’ll then download all the stocks within that group and scan with same criteria. Once I get a list I’ll then go to the charts and look for possible set-ups. Communications equip. was added to list a few days ago, but looking at many of the charts I feel it is not yet ready to move, but I have a few I’m stalking right now. I have noticed a little lag time between when a group has been added to the list and when it moves out.
I’ll then take all the stocks I’m watching and load them into Medved tracker. Now I’ll constantly be watching the weekly, daily, and intraday charts, looking for possible set ups. I will attempt to enter at key support levels and not at resistance.
I’m still a ways off from fine-tuning things as I become overwhelmed with data and slip up and miss some that move out. I also need to get more organized with the data to increase efficiency. Please also note any stock posted here needs to meet your own criteria or method of investing.
I’m open for suggestions or comments on how I might enhance this and increase the probability of what I’m trying to accomplish!!
I’ll then download all the stocks within that group and scan with same criteria. Once I get a list I’ll then go to the charts and look for possible set-ups. Communications equip. was added to list a few days ago, but looking at many of the charts I feel it is not yet ready to move, but I have a few I’m stalking right now. I have noticed a little lag time between when a group has been added to the list and when it moves out.
I’ll then take all the stocks I’m watching and load them into Medved tracker. Now I’ll constantly be watching the weekly, daily, and intraday charts, looking for possible set ups. I will attempt to enter at key support levels and not at resistance.
I’m still a ways off from fine-tuning things as I become overwhelmed with data and slip up and miss some that move out. I also need to get more organized with the data to increase efficiency. Please also note any stock posted here needs to meet your own criteria or method of investing.
I’m open for suggestions or comments on how I might enhance this and increase the probability of what I’m trying to accomplish!!
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