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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I'm sure you've told me before, but how do you scan for your stock picks? You've had some excellent picks lately. I wouldn't mind learning some of your techiniques.
Bought ARRS at $9.99 today. Not the low of the day, but it should be fine.
Channel long I see, so ya got a chance. Only prob is no intraday pattern; no nice clean SHS or double bottom to inspire. But good luck in the face of the bear dude!!!!!!!!!!
Channel long I see, so ya got a chance. Only prob is no intraday pattern; no nice clean SHS or double bottom to inspire. But good luck in the face of the bear dude!!!!!!!!!!
True, the bear is here. That's why I won't be adding any more longs from here. I do have plenty of cash left for short positions though.
I run several scans every day . Then look at all of the picks to see what intrigues me . I probably look at 20-30 stocks for every one that I think of buying .
Heres an under 5$ screen... I dont own any of these now.
Greb...I know everyone is not like me...but on an average day I am looking at over 300 stocks...Obviously I can't watch then all closely...I have to narrow it down fast...but 20-30 doesn't seem like very many to me...Doug
Originally posted by grebnet
I run several scans every day . Then look at all of the picks to see what intrigues me . I probably look at 20-30 stocks for every one that I think of buying .
Heres an under 5$ screen... I dont own any of these now.
When I say look at, I mean a decent amount of due diligence. Looking at earnings patterns, reading all recent news,reading SEC filings , checking Key stats ie debt,earnings estiments , price ratios, revenue,cash.......you get the point.
In fact i briefly will look at 20-30 , ie if dont have a good revenue and earnings growth pattern then I eliminate them right away . Negative guidance ...eliminate... After those two things their may only be 2-3 worth looking at further.. so in reality I only look at 2-3 stocks thouroughly .
If I find 1 stock during a week that excites me ,that is good. Otherwise I only trade stocks that have previously met my criteria..
For a guy with a full time job, that is a fair amount of work.
I run several scans every day . Then look at all of the picks to see what intrigues me . I probably look at 20-30 stocks for every one that I think of buying .
Heres an under 5$ screen... I dont own any of these now.
SIM, i own that one, not gonna say where because i'm too embrassaed, one of those I used the "hold and hope strategy", didn't work very well.. good thing it was a small investment
I just now had time to check out these screeners, but I'm glad I did. I'll be adding this to my arsenal. Thanks, once again Greb!
Webs,
Have you been using the MSN Money deluxe screener at all in the past? It's a very strong scanning tool and once you get the hang of using it you can create any number of custom scans using whatever variables you want and then save that specific scan to run anytime you want. I have been using it for quite some time now and I've found it to be one of the easiest and best available and for free.
Webs,
Have you been using the MSN Money deluxe screener at all in the past? It's a very strong scanning tool and once you get the hang of using it you can create any number of custom scans using whatever variables you want and then save that specific scan to run anytime you want. I have been using it for quite some time now and I've found it to be one of the easiest and best available and for free.
It's quite good, for a free one. I used TC 2000, awesome, but not free
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