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General Discussion · SIRI The next TRAD?
Noahedwinbeach2
msg #27230
7/6/2003 1:25:37 AM

its macd is inreasing so i will wait till that tops out


General Discussion · SIRI The next TRAD?
Noahedwinbeach2
msg #27189
7/5/2003 4:38:14 AM

SIRI just may be the next TRAD. I hope so atleast because I got in at $1.65 a share. Im up over 10% right now in just 2 days.


General Discussion · What is the best book for TA?
Noahedwinbeach2
msg #27135
6/29/2003 5:42:32 PM

wallman is correct. How I Made $2,000,000 in the Stock Market by Nicolas Darvas is def. the best stock book I have ever read. Once you learn his system you will win in the market and that is a promise. His system is super easy too. That book is all you will ever need on your shelves. He trully has a great system and you can see his system in action by scanning back on past stocks using stockfetcher. It proves itself by history and works in bear and bull markets. He implements the box theory which he designed. He went through many pitfalls you and I have gone through including lack of discipline in the market. I have decided to just find 2-3 good stocks and stick with them on my trading using his system. As he says why sell a rising stock? You will become adicted to his book and find yourselves reading it about 15 times like its the Bible. Good luck and once you build discipline you have it made in the market.


ISBN 0-8184-0396-9


General Discussion · Noah's Theory Redone
Noahedwinbeach2
msg #26907
6/17/2003 12:26:57 AM

That is 20 trading days by the way.


General Discussion · Noah's Theory Redone
Noahedwinbeach2
msg #26906
6/17/2003 12:26:29 AM

sorry..

RULES:
1. $100 / stock. (If you have large sums of money do more of course)
2. Hold for atleast 20 days no matter if a particular stock falls or not
3. Sell after 60 days unless you feel as though the stock is still rising at a consistent rate.
4. Thats it!

You may have to buy your stocks over several days for instance: if day 1 only 6 stocks were returned in the filter then you would only buy $600 worth of stock that day. Do that until you have no more money left. Remember you pretty much have a 50/50 chance of winning or losing. With this filter it seems its more like 75/25. I will try this for a while. I figured it will limit my losses of anything.


General Discussion · Noah's Theory Redone
Noahedwinbeach2
msg #26905
6/17/2003 12:22:02 AM

I have found a simple filter that produces amazing results. I have also decided to hold stocks longer than 10 days. I have figured out that just isn't enough time for a stock to do a natural correction and then come out of that correction to make me an extremely large profit. I would like to hold stocks for a min. of 20 trading days now. 60 days seems to be perfect producing 100%. Here is the filter I am using.

Show stocks where MACD fast line(12,26) crossed above MACD slow line(12,26) within the last 1 day
and Average Volume(90) is above 50000
and close is between 1 and 2

RULES:
1.


General Discussion · low budget trading
Noahedwinbeach2
msg #26904
6/17/2003 12:02:51 AM

Yes I still buy 1/3 per day. I sell at 12:30 on the 10th day. I sell a stock if it drops to 15% after I buy it. I am about to dump all my stocks right now and start using my principals for consistently. I strayed away for some stupid reason getting ahead of myself. My system works best when you go with a real broker instead of buyandhold.com. The only reason I use buyandhold.com is because I cant afford to buy 60 stocks at $14 a trade or whatever. $14 a month is all buyandhold.com is. The only problem is they do not have every stock that pops up in that screener which is a problem when you can only purchase 65% of the stocks in a given screen. That means your results will be scewed and you may come out a loss instead of a gain. Right now I have a simulator account with mytrack.com using there trading platform software. You start with $100,000 and with that much money $12.95 a trade isnt crap because the gains will be really significant. Right now for the month im up almost 50% in that account alone. I wish I had 100k to invest lol. For now I have to use what I have which is $2900. One day I will have a real amount though and I will go to a real broker again. I am still developing a couple more theories though that both work very well. I think it takes any good investor a good amount of time to develop a system that trully works for him. Im not perfect and it will take a good amount of time invested to somewhat perfect my system. It will work but there are a few rules I need to develop and then I need to stick by them. It just takes time, patience, and error. You have to learn from your errors. That is the way true investors become wealthy in the market. That is what I am doing now. I suggest everyone papertrade with the system I have outlined and then go to the real deal. I will be starting a website soon explaining my system and methods. It will be free of course and it will have a bulletin board system for you guys to place your imput on.

Noah


General Discussion · low budget trading
Noahedwinbeach2
msg #26856
6/13/2003 3:05:21 AM

I forgot to explain the mental stop loss thing. Sense buyandhold.com does not offer stop losses I have to incorporate mental stop losses. I just write down on a peice of paper at what price i would sell the stock for and then if it closes at or below that price on any given day i will sell the next day. This system works considering i often own 20 or more stocks at a time. I also cut my losses short at 15%. Some of you may notice that on some of these filters I have show some stocks fall 40% or so. I sell way before that hits so I can preserve my gains as much as possible. These are my goals so far I stress in my trading:

1. Pick a good filter
2. Purchase $100 / stock and if there isnt enough stocks to purchase more then run it over onto the next days filter
3. Hold the stocks for 10 - 20 days (I have found 10 days is the magic number for the most gains when compounding)
4. Sell stocks that drop 15%. There is no point in holding on to losers. Winners usually do not fall 15%. All the big ones I have chosen so far usually do not go down past 7-8% before rising.
5. If you are to sell out of a stock that falls 15% immediately put that money into the stock that is providing the best rate of return so far in your portfolio. I also have been doing this and it has proven to work for me.

If you have large sums of money it may not be practical for you to invest only $100 / stock. Do what you feel confortable with. Just make sure its diversified. Remember, I treat this as short term mutual fund like trading. My hope is to diversify in stocks that are rising the fastest. I realize I will not win every single time with this system but if I just win with it 75% of the time which I should I will still become wealthy thanks to the knowledge God has given me.

Some of you may doubt my technique. That is fine and trully I am not a pro and cannot predict the future. This may or may not work over time but so far it has for me. Below is my account information so that you can view my account only. I would like to invite all of you to keep up with my record. Some of you may be skeptical so this should help to illeviate that.

http://www.buyandhold.com

login: noahbeach2view
pass: 111111111

God bless you all and trust in your Lord Jesus Christ. Amen :)


General Discussion · low budget trading
Noahedwinbeach2
msg #26855
6/13/2003 2:49:58 AM

Hello guys! I have a new system im trading on here. I know I sound wishy woshy. I am no longer using that filter mentioned. Instead I am using these two below. There returns are much more stable. I so far am getting a nice profit on my real trading account at buyandhold.com. By the way..you guys can go back 100 days from now but it doesnt tell you what the stock did 10 days ago from that point. That is something I wish stockfetcher would work on. It only shows 1 week from that point. Most stocks dong show profits till that second week so it is impossible to see if it works or not. Stockfetcher needs to add a box where you can type how many days you want to show the results performance for after that date. Here are the two filters. I trust you guys will love these.

Show stocks where +DI(14) is above 20 and Average Volume(10) is above Average Volume(20) and Average Volume(10) is above 500000 and close is between 1 and 2

Show stocks where Close gained between 5 percent and 10 percent over the last 1 day and Average Volume(10) is above Average Volume(90) and Average Volume (90) is above 100000 and Close is between 1 and 2




General Discussion · low budget trading
Noahedwinbeach2
msg #26778
6/7/2003 1:25:22 PM

I do not use stop losses because I use buyandhold.com and they do not have that option. Instead I buy about 10-20 stocks at a time and use mental stop losses. The risk is very low when holding that many stocks. I just buy all the stocks in the filter or as man as I can. The results so far have been great.


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