StockFetcher Forums · Filter Exchange · Another Gap Down filter<< >>Post Follow-up
scott111552
148 posts
msg #107371
Ignore scott111552
8/5/2012 11:38:12 PM

Show stocks where the price has lost more than 10% in the last one day and the
close is between 1 and 15 and volume is > 250000

This appears to be a very simple but effective filter for quick scalps. My personal preference is
to buy a few thousand shares of the least expensive stock near the close of the day and then
sell the following day. If anyone would be so kind as to tweak or further backtest this filter,
please do so and share your results here. Regards!!

scott111552
148 posts
msg #107372
Ignore scott111552
8/5/2012 11:45:19 PM

One caveat about the above filter--- it won't make you rich overnight, but you should see a daily positive
influence on your portfolio.

novacane32000
273 posts
msg #107379
Ignore novacane32000
8/6/2012 9:49:08 AM

Scott, what stop % has worked best for you when a trade goes against you? Are you typically out after 1 day?

Kevin_in_GA
4,552 posts
msg #107380
Ignore Kevin_in_GA
8/6/2012 10:10:52 AM

Here is one possible execution for the entry at the end of the day. I prefer to look for stocks where the liquidity (close price x volume) is above $1 MM each day. In that case a modest buy of $20,000 or so does not run into issues when you are trying to sell the next day.

Fetcher[

not etf
close is more than 10% below close 1 day ago
close is above 1
close is below 15
count(close * volume above 1000000,10) above 9

]



Note that you got crucified on KCG last week. Have you looked at smaller drops (e.g., 5%)?

scott111552
148 posts
msg #107432
Ignore scott111552
8/7/2012 3:36:38 PM

NVMN was the least expensive stock at the close yesterday, at $1.10, subsequently, it went as high as $1.25 today

scott111552
148 posts
msg #107441
Ignore scott111552
8/7/2012 7:12:32 PM

Purchased HEK at end of day, but sold on the pop during after hours....

scott111552
148 posts
msg #107461
Ignore scott111552
8/8/2012 9:53:03 AM

HEK has gone as high as $2.84, so far

scott111552
148 posts
msg #107514
Ignore scott111552
8/10/2012 5:34:00 AM

PRMW-- closed Wednesday at $1.15, went to $1.24 on Thursday.
DRL is today's choice, closing at $1.05 on Thursday afternoon.

It is my sincere wish that the StockFetcher community is profiting with this filter.
Cheers!

StockFetcher Forums · Filter Exchange · Another Gap Down filter<< >>Post Follow-up

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