Kevin_in_GA
4,599 posts
msg #78196
- Ignore Kevin_in_GA |
8/28/2009 7:19:23 PM
I'm up in Alpharetta. Glad to know that there are others nearby who use this site.
I saw your 5% filter - FUQI has been a great play, actually so good that buy and hold would have been more profitable.
I was mildly concerned that by using the last 13 weeks as your analysis timeframe, you were getting really good results mostly because of the recent run up. For me, the hardest test was the 52 week test, as it included some of the worst trading periods in recent history. If a stock can consistently deliver 2 or 3% under those conditions, it's OK by me!
What I need to determine is how to limit losses without missing out on the high. If the stock dips before hitting the weekly high, I'm out at a loss. Let me play with a stop loss to see if there is a happier medium. I'll need to use daily data, but that just takes a little longer ...
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hawkeyes002
49 posts
msg #78197
- Ignore hawkeyes002 |
8/28/2009 7:25:57 PM
hey kevin what do you think of this filter?
set{x,count(volume above volume 1 day ago,1)*2}
set{y,count(volume above average volume(90),3)}
set{z,x+y}
and z is above 1.1
and close has been decreasing over the last 3 days
and low is below lower bollinger band(20)
and count(close above open,3) is below 2.1
and rsi(2) is below 1
and close is between 1 and 10
and average volume(90) is above 100000
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kmcninvest
43 posts
msg #78198
- Ignore kmcninvest |
8/28/2009 7:34:07 PM
That is a good point. I don't trust it yet. I run another scan (that TRO posted at the beginning) that looks at shorts. I run this one also. It has a higher hit rating but I have not used it as I have not shorted a stock yet and need confidence to do so. Thanks for the reply. I am in Roswell (not New Mexico).
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kmcninvest
43 posts
msg #78200
- Ignore kmcninvest |
8/28/2009 8:01:12 PM
I also agree that I would have made more money by buying and holding. But, I have been reading the threads in the forum and the one that hit me was "focus on one stock". I have been playing two but before that I was all over the board. "More" is a word I don't consider anymore. That, was a great piece of advice for me.
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Kevin_in_GA
4,599 posts
msg #78207
- Ignore Kevin_in_GA |
8/28/2009 8:58:58 PM
Yeah, one stock is definitely one way to play. Just look at the guys who use TRO's "Milk the Cows" strategy on AAPL.
If I were to do this on one stock, FNF at the 3% limit would be a strong play for me.
I work in Roswell - we should meet for lunch.
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Kevin_in_GA
4,599 posts
msg #78208
- Ignore Kevin_in_GA |
8/28/2009 9:09:54 PM
hey kevin what do you think of this filter?
+++++++++++++++++++++++++++++++++++++++
I like using the lower Bollinger band(16,2.5). Any reason why you are keeping the stocks below $10?
My small suggested changes:
When you raise the close to 50, it only adds 1 additional stock for today.
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kmcninvest
43 posts
msg #78209
- Ignore kmcninvest |
8/28/2009 10:24:23 PM
I work in Roswell - we should meet for lunch.
Send me email, kevin.m.mcnulty@gmail.com
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CF509
1 posts
msg #78379
- Ignore CF509 |
8/31/2009 4:41:59 PM
The RumpledOne,
I had a great first day trading the Tro Crock Pot. Ran the filter Sun eve, then picked 7 stocks that had 48 weeks with 1% move, between $1 & $3.50, and were in an up trend. (3 higher closes in a row.) I was just trying to reduce the pool from 164 down to 5-10. Bought 3-5K shares of each at the open. Placed sell orders on each with a 2% gain, I'm greedy. 5 of 7 sold already at 2% or higher. I saw 2 were starting to run so I canceled their sell orders and sold them after they reached 10% and 6% gains. Had 1 loser because I enter the sell order at 2.49 instead of 3.49. Doh! Cost me $60, because the stock was down a couple cents from open. Still holding 2 and I'll post results once they sell.
Appreciate all of your insight and willingness to share your time and knowledge.
Sincerely,
CF509
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Kevin_in_GA
4,599 posts
msg #78388
- Ignore Kevin_in_GA |
8/31/2009 8:10:55 PM
Yeah - JAZZ delivers yet again. I sort them on the 2% column, and JAZZ consistently seems to deliver that and more each week.
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hawkeyes002
49 posts
msg #78404
- Ignore hawkeyes002 |
9/1/2009 1:03:15 AM
kevin how do you know to pick JAZZ? why do you use the 2 over the other options? thanks
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