StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 25 26 27 28 29 ... 39 >>Post Follow-up
Kevin_in_GA
4,552 posts
msg #80660
Ignore Kevin_in_GA
10/5/2009 5:02:28 PM

kevin:
Nice bounce on STEC on news released.
Gabe
+++++++++++

About time. Up 4.82% today, but still down slightly over 12% from my entry price. Patience is a virtue, I guess.

kmcninvest
43 posts
msg #80663
Ignore kmcninvest
10/5/2009 5:43:26 PM

What news was released?

gabestogie
79 posts
msg #80672
Ignore gabestogie
10/5/2009 8:30:40 PM

kncinvest:
This is the only news I got:
@13:59 STEC mentioned positively at PacCrest
PacCrest expects positive news this week for STEC INC. from partner IBM regarding it's mid-tier storage DS-9000 this week.
Gabe

kmcninvest
43 posts
msg #80675
Ignore kmcninvest
10/5/2009 8:43:18 PM

Thanks.

Kevin_in_GA
4,552 posts
msg #80688
Ignore Kevin_in_GA
10/5/2009 10:26:43 PM

Now I've got a problem ... 11 stocks hit the CONFIRMATION BUY filter today.

AEPI - AEP Industries Inc.
EEFT - Euronet Services, Inc.
GENT - GENTIUM SPA ADS
ITWO - I2 Technologies
LAD - LITHIA MOTORS INC
MHS - MEDCO HEALTH SOLUTI...
RBA - RITCHIE BROS AUCTIO...
SMRT - Stein Mart, Inc.
SWKS - SKYWORKS SOLUTNS
TNS - TNS INC
UHS - UNIVERSAL HEALTH SV

I'm going to run out of cash soon - I typically am in for ~$1000 per stock, and don't want to go much lower since the return is eaten up by trading costs. Stocks have not turned over all that fast, and several are bleeding red, so it's time to think a bit about what is the best course forward.

I'm also concerned about an imminent reversal in the markets, which would put me at a distinct disadvantage relative to playing the inverse ETFs for a while. The goal is to grow principal, not prove a theory.

Decisions, decisions ....

gabestogie
79 posts
msg #80689
Ignore gabestogie
10/5/2009 10:43:46 PM

Kevin:
Can't play em all. Why not pick a max # for this portfolio and replace when you close a position and it will be consistant?
Gabe


richo
74 posts
msg #80699
Ignore richo
10/6/2009 5:52:38 AM

The number of hits has increased dramatically during the recent past which reflects the short term change in market direction.
Are there other indicators that you could employ to tease out the "best of the confirmed" Additionally, you could set up a paper
acct and your actual trading acct



Kevin_in_GA
4,552 posts
msg #80701
Ignore Kevin_in_GA
10/6/2009 8:09:33 AM

Kevin:
Can't play em all. Why not pick a max # for this portfolio and replace when you close a position and it will be consistent?
Gabe

+++++++++

In backtesting, my max was 50 open positions, which was my thinking on this at $1000 per position. However, that would be an AWFUL lot of money to tie up and keep 100% in the market right now.

Current portfolio has 23 open positions, but has only returned about 1% over the past 6 weeks, because of the past two weeks being negative (it was up 7+% three weeks ago). While it is technically a successful strategy, it's return is modest. Being a long-only approach with some buy-and-hold elements (like no stop loss and hold for as long as it takes to hit the exit conditions) makes it vulnerable to a protracted downturn.

Will decide what to do before the end of this week. Tempted to try the slow cooker strategy I posted last night.

Kevin_in_GA
4,552 posts
msg #80702
Ignore Kevin_in_GA
10/6/2009 8:12:29 AM

The number of hits has increased dramatically during the recent past which reflects the short term change in market direction.
Are there other indicators that you could employ to tease out the "best of the confirmed" Additionally, you could set up a paper acct and your actual trading acct
+++++++

Yes, but then the paper account is identical to a backtest, which is easier to do.

As for other indicators to sort possible "best trades", I should probably do that - already we are sorting by IBD ranking, but it may also be necessary to look at typical support/resistance levels as well to help find good picks.



Kevin_in_GA
4,552 posts
msg #80710
Ignore Kevin_in_GA
10/6/2009 9:19:21 AM

Have not had time to evaluate these new stocks - will not pull the trigger on any today. Still trying to decide on what to do here - continue to trade this one mechanically or set up alternative strategies with a mix of longs and inverse ETFs as hedges?

Futures look promising right now Dow +62, S&P +9, Nasdaq +10.5.

StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 25 26 27 28 29 ... 39 >>Post Follow-up

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