TheRumpledOne
6,411 posts
msg #67200
- Ignore TheRumpledOne
modified |
9/12/2008 12:31:45 AM
I know that there are some of you that can't or don't daytrade. You want to enter a trade and ride it for more than a day.
The TRO STAT SCAN for SWING TRADERS shows which stocks move the most STATISTICALLY during the week.
The reason you can only use this on Saturday and Sunday ( or late Friday night and before the market open on Monday ) is because that is the only time the weekly numbers work properly.
column halfpct is the number of times the weekly high minus the weekly open is over 0.5% for the last 52 weeks.
column onepct is the number of times the weekly high minus the weekly open is over 1% for the last 52 weeks.
column twopct is the number of times the weekly high minus the weekly open is over 2% for the last 52 weeks.
column fivepct is the number of times the weekly high minus the weekly open is over 5% for the last 52 weeks.
column ziphi is the number of times the weekly high minus the weekly open is less than 10 cents for the last 52 weeks.
column wkProfitPct is the most recents weeks profit percent: 100 * ( weekly high minus the weekly open ) / weekly open.
What this tells me is that you can buy at Monday's open, set a take profit of 1% and grow your account week after week. Of course, you can make more if you want to take a more active role in trading.
Some of you can't MILK THE COW because you have jobs that prevent you from trading all day.
Some of you are investors and don't want to day trade.
This filter use the same premise as MILK THE COWS:
"THE WEEKLY HIGH IS USUALLY HIGHER THAN THE WEEKLY OPEN AND THE WEEKLY LOW IS USUALLY WEEKLY LOWER. SO IF I BUY AT/NEAR THE WEEKLY OPEN, AT/NEAR THE WEEKLY OPEN PRICE, I CAN SELL FOR A PROFIT BEFORE THE WEEK IS OVER."
Would you be satisfied with a 1% return per week?
That's 52% WITHOUT compounding!!
By the way, you can use this filter during the week, just set the date offset so it shows results for the past Friday.
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The SHORT VERSION follows for the PLUNGERS out there.
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TheRumpledOne
6,411 posts
msg #67257
- Ignore TheRumpledOne |
9/13/2008 12:43:33 PM
I noticed a few of the RUN FOREST, RUN stocks appeared on the CROCK POT list.
I never thought about using them as "easy money" swing trades.
Have to LOVE STATISTICS!!
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StJoe
91 posts
msg #67263
- Ignore StJoe
modified |
9/13/2008 6:04:25 PM
TRO ,
Being I am brand new at this and am studying all you the post to learn, I could use any and all advise you care to offer.
In lamans terms share some guidelines with me as to which stock to pick from the filter please.
Thank you,
StJoe
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TheRumpledOne
6,411 posts
msg #67271
- Ignore TheRumpledOne
modified |
9/14/2008 6:12:00 AM
Which stock?
Look at the stocks that are in your price range.
Pick the ones with the most volume and that give up 1% or more per week at least 48 weeks out of the last 52.
I would buy the top 3 or 5. Just divide your account evenly.
Buy at Monday's open and then enter your 1% SELL LIMIT orders.
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StJoe
91 posts
msg #67272
- Ignore StJoe
modified |
9/14/2008 7:23:58 AM
Thanks TRO,
I am only starting with $1000. So with a round trip fee of $14 I must go for 2% or greater. I am picking SCA at a sell order of %5.
Any advise?
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tomm1111
202 posts
msg #67276
- Ignore tomm1111 |
9/14/2008 12:25:19 PM
Got to love the 52 1% stocks out of 52 weeks. I like those odds.
Just to clarify, is the "onepct" column the weekly count out of 52 that the stock dropped 1% from weekly open?
For example, monday at open stock xyz is at 100. Sell short. Set a buy to cvr limit order at 99. I am I looking at this right.
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lfrisch
27 posts
msg #67281
- Ignore lfrisch |
9/14/2008 9:47:44 PM
Stjoe,
Why are you paying so much for your trades. You can trade these days for .004/share thats .40 cents for 100 shares and 4 dollars per thousand, $14 seems like alot of money for 100 share trades. You can also get 7 to 10:1 leverage, are you an active trader?
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TheRumpledOne
6,411 posts
msg #67287
- Ignore TheRumpledOne
modified |
9/14/2008 11:27:31 PM
tomm1111
Got to love the 52 1% stocks out of 52 weeks. I like those odds.
Just to clarify, is the "onepct" column the weekly count out of 52 that the stock dropped 1% from weekly open?
For example, monday at open stock xyz is at 100. Sell short. Set a buy to cvr limit order at 99. I am I looking at this right.
=====================================================
NO!!!!!!!!!!!!!!!
The onepct column is the number of weeks out of 52 the stock GAINED 1% or more.
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tomm1111
202 posts
msg #67288
- Ignore tomm1111
modified |
9/15/2008 1:05:49 AM
I was looking at the calcs below and trying to make sense of it with what you mentioned.
set{woplo, weekly open - weekly low }
set{Short_Profit, woplo / weekly open }
set{wkProfitPct, 100 * Short_Profit }
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TheRumpledOne
6,411 posts
msg #67289
- Ignore TheRumpledOne
modified |
9/15/2008 2:54:42 AM
whoops, my bad!!
I posted the wrong filter...LOL.. someone had asked for the short version.
I apologize.
I updated post #1 in this thread so it has both versions.
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