StockFetcher Forums · General Discussion · Trading Strategy<< 1 2 3 4 >>Post Follow-up
cjbhogal
4 posts
msg #157077
Ignore cjbhogal
6/25/2021 5:11:02 PM

Hi,

i know there are kind souls here. Requesting help to get some workable practical strategy...struggling to make money..spinning wheels. Any help/guidance is appreciated. thank you.

redversa721
114 posts
msg #157078
Ignore redversa721
6/25/2021 7:33:19 PM

Here is a easy one. make sure that you limit buy at lower or upper of the buy price depending on market mood. Also exit when you make 4-5%. Do not lave more than 10-15 days

Fetcher[
market is not ETF
price > 5
set {Buy_Price1,low 3 days low}
set {Option_Price,Buy_Price1 * 0.99}
set {Buy_Price2,close - Buy_Price1}
set {Buy_Price3,Buy_Price2* 0.5}
set {Buy_Price,Buy_Price1 + Buy_Price3}
set {Buy_Price4,close * 0.99}

Average Volume(30) > 200000
high crossed over EMA(8) and
high crossed over EMA(13) and
high crossed over EMA(21) and
high crossed over EMA(34) and
close > MA(50)

add column Buy_Price {Stk_Price1}
add column Buy_Price4 {Stk_Price2}
]



snappyfrog
423 posts
msg #157079
Ignore snappyfrog
6/26/2021 8:38:28 AM

There is a lot to be said for keeping it simple.

Take a look at the True Golden Cross of the EMA(13) and EMA(48). Simple but effective place to start.

Fetcher[
show stocks where EMA(13) crossed above EMA(48)
]



xarlor
424 posts
msg #157081
Ignore xarlor
6/26/2021 11:37:08 AM

Here is a series I posted some time ago. These work well in bull markets like we are in now.

Swing Trading with Larry Connors

push5280
176 posts
msg #157082
Ignore push5280
modified
6/26/2021 11:58:20 AM

cjbhogal,

"struggling to make money..spinning wheels" we've all been there at somepoint. Here are some things I've learned over 35+ years of investing / trading. I hope some of these will help !

1.) Analyze your trades for the last 12 months. You can't possibly know where your going if you don't know where you've been. What percent are winning / losing trades? Avg Gain? Avg loss? You can make money at 50% or less winning trades if you take gains when you find them and use stop losses to limit your losses. For example, if your average loss is 7% use a 5% stop loss and you've already improved your returns.

2.) Use mental stop losses. Market makers seem to like hunting stop losses so I only use mental stops

3.) Learn from winners. I personally have learned a lot from Mark Minervini. I've watched all of his videos on YouTube and have read his books. He gives great common sense advice and is a Champion trader.
Here is a link to a great video with Minervini. Take notes on his 10 Rules and refer back to them everyday.
https://www.youtube.com/watch?v=SwxR6wcB12o

4.) Find a style that works for you and become a master of it.

5.) 1000% what Snappy said above! Simple trading systems work just as well as super complex methods. In fact I would argue that in many cases they perform better. Also, the 13/48 cross has been shown to be the true Golden Cross. https://finance.yahoo.com/news/study-determines-best-moving-average-195042216.html
Fetcher[
set{ema13_48X, count(ema(13) > ema(48),1)}
/*My Basic Indicators*/
set{myrange, high 52 week high / low 52 week low}
set{msval, shares outstanding * .01}
set{max_shares, msval * 1,000,000}
set{m_c, close * shares outstanding}
set{market_cap, m_c *1,000,000}

/* Criteria */
market is not ETF
market is not otcbb
average volume(63) > 100,000
shares outstanding > 0
shares outstanding <= 100,000,000
close >= 1
close <= 15
myrange >= 3
do not draw myrange
draw ema13_48X
draw ema(13)
draw ema(48)
]



6.) Think differently about indicators. Sometimes the simplest things make a big difference in how you look at things. Want a simple way to find the longer term trend?
Fetcher[
set{lri50_1, LRI(50) 1 day ago}
set{lri50X, count(lri(50) > lri50_1,1)}
/*My Basic Indicators*/
set{myrange, high 52 week high / low 52 week low}
set{msval, shares outstanding * .01}
set{max_shares, msval * 1,000,000}
set{m_c, close * shares outstanding}
set{market_cap, m_c *1,000,000}

/* Criteria */
market is not ETF
market is not otcbb
average volume(63) > 100,000
shares outstanding > 0
shares outstanding <= 100,000,000
close >= 1
close <= 15
myrange >= 3
do not draw myrange
draw lri50X
draw lri(50)
draw lri50_1 on plot price
]


7.) There are only 4 things that you need for a stock to go up that is trend, momentum, volatility and volume. Often you don't need all four sometimes one , two or three. Be sure that when you build a scan your charts reflect those four items. 3 momentum indicators are of no use. I usually use a trend and momentum indicator. Keep it simple too much clutter can cause analysis paralysis.

8.) Set trading rules for yourself and follow them. Rules are of no use unless you follow them

9.) If you want trading income like a job, treat it like a job.

10.) Believe in yourself.





miketranz
885 posts
msg #157083
Ignore miketranz
6/26/2021 12:29:01 PM

Let's start with this.What's your timeframe? Miketranz...

Cheese
1,289 posts
msg #157085
Ignore Cheese
6/26/2021 1:15:37 PM

Excellent thread. I've learned and re-learned a lot.
Thank you all.


===========================================================================
Notes to self:

https://www.stockfetcher.com/forums/General-Discussion/Trading-Strategy/157077

https://www.stockfetcher.com/forums/Filter-Exchange/Upcoming-golden-cross/155973
https://www.stockfetcher.com/forums/Stock-Picks/CLVS/149664/10
https://finance.yahoo.com/news/study-determines-best-moving-average-195042216.html

https://www.stockfetcher.com/forums/Filter-Exchange/Swing-Trading-with-Larry-Connors/150631
===========================================================================

snappyfrog
423 posts
msg #157086
Ignore snappyfrog
6/26/2021 2:20:36 PM

Push5280,

I hope you don't mind, but I shared your post above with my private Swing Trading for Beginners group on Facebook.

Well put rules for trading.

push5280
176 posts
msg #157087
Ignore push5280
6/26/2021 3:08:26 PM

Snappy,

By all means if they can help someone share away! Some of the rules I learned from others so I can't take credit for the lot of them, just sharing wise advice that I've learned from others

Nobody
302 posts
msg #157088
Ignore Nobody
6/26/2021 4:07:30 PM

Lots of kind people here - Thank you

StockFetcher Forums · General Discussion · Trading Strategy<< 1 2 3 4 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2021 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.