StockFetcher Forums · Filter Exchange · Long or Short Filter.<< >>Post Follow-up
novacane32000
273 posts
msg #100886
Ignore novacane32000
5/24/2011 3:38:57 PM

How do you work around the fact that most stocks follow the market up or down when you build a filter.

Long filters work great in a bull market.

Short filters work great in a bear market.

Sideways market ??

A while back someone was kind enought to show me how to attach a "SP500 Indicator" filter. Is that the answer?

How do you decide?

jimvin
98 posts
msg #100899
Ignore jimvin
5/25/2011 2:10:49 PM

For what its worth, I always trade short; in Monday at open, out Friday at 3:30...except in this market out no later than Thursday at 3. (Even out Monday if I hit a good return). Buying between 5 and 10 stocks, average return is around 3% a week. Not to shabby...

novacane32000
273 posts
msg #101102
Ignore novacane32000
6/6/2011 2:14:28 PM

You trade short only in both a bullish and bearish market? Do you have a screen for making your short picks?

jimvin
98 posts
msg #101227
Ignore jimvin
modified
6/12/2011 9:26:17 PM

Sorry for the delay.

I trade short no matter what the market conditions. I need a 2% return each week in order (frankly) to get rich in a reasonable period of time (3-5 years). The filters I use vary depending on market conditions; some filters that worked wonderfully well in February collapsed in April; in May I started again with an entirely new set of filters and began building systems around those. If you're looking for a good method the best advice I can give is, pick some of the filters/systems here based on their % returns and test them for 4 to 6 weeks using your trading style and see what works best. (As noted in a previous post, I've tested hundreds of filter over the last 2 years.)

For example, I would take any given filter and overlay my preferences in MACD pattern, candlestick pattern, etc. (You may want to add P&F charts - although I haven't found them to be very effective a predictive since about March - or other technicals).

Stockfetecher has a good backtesting tool, but it doesn't fit the details of my trading style, that's why I prefer to test in real markets.

StockFetcher Forums · Filter Exchange · Long or Short Filter.<< >>Post Follow-up

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