StockFetcher Forums · Filter Exchange · This Is The Last Filter You Will Ever Need Part III<< 1 ... 2 3 4 5 6 >>Post Follow-up
Koronbock
201 posts
msg #41758
Ignore Koronbock
modified
3/5/2006 9:25:59 AM

Rump,

good post and well said.





TheRumpledOne
6,362 posts
msg #41762
Ignore TheRumpledOne
3/5/2006 4:37:40 PM

"How many times do you need to "respond" to the same post? Look, I promised "tom" that things are going to be different when it comes to my posting style, so if you're here to gain some of your old friends back.... that's fine....but let's again "pretend we never met" okay? Beleive me when I say this...YOU'RE NOT NEEDED HERE. So go help 'navyman' with his "hammer" filter.

As for me "challenging you to a trading contest" you remember.....it was on that filter that read "This filter will make you forget all about RSI(2)." Only "tomb" whacked half of the thread. It had about 100 posts on it. Remember? Well, your only responce to my challenge went like this...."you're funny riggs." And my responce to you was..."That's just what I thought you'd say TRO!" Now do you remember? How soon we forget.

about the comment "I didn't realize it was up to YOU to decide what this forum is about!" It was nothing more than my opinion. And we all know "riggs" has an opinion on many things. So again Avery, I know you're bitter about your failed filters, but let's do less communicating okay. I'm grateful for what I learned from you, but but less grateful for your greed, and we both know what I'm talking about. I do wish you luck and continued success in all your endeavors. "

Well, Riggs, it's just polite to respond.

Not needed? Never claimed to be needed.

No, I don't remember, I have better things to think about. But since you reminded me, that does sound like my reply...LOL!! And I stand by it.

Yes, Riggs, opinions are like... YOU!

Bitter? Not bitter at all. I lived up to my end of the agreement.

Failed filters? ROFLMAO!! Take a look at the NEXT NTRI filter.

Greed? That's the pot calling the kettle black!

Funny thing, I got an email from you saying that you were glad to be off of SF or something to that effect... Riggs, shall I dig it out and post it here?







alf44
2,025 posts
msg #41768
Ignore alf44
3/5/2006 11:19:39 PM

hmmm...

I'm getting the distinct impression that the "joint venture" has been...uhhh..."disjointed" !!! lol


TheRumpledOne
6,362 posts
msg #41769
Ignore TheRumpledOne
3/5/2006 11:23:44 PM

Yeah, Alf, life is just too funny!




TheRumpledOne
6,362 posts
msg #41772
Ignore TheRumpledOne
3/5/2006 11:39:12 PM

Four Pillars for Profit
Stockscores.com Perspectives for the week ending March 3, 2006

Most investors concern themselves with one thing; buying the right stock. Since this is the first choice you must make it makes sense that this be the focus but long term success can not be achieved if this is the only focus of the trader. The Stockscores Approach goes beyond this first step to encompass three more essential elements of stock market success. Together, I refer to these as the four pillars for profit. They are:

Entry
Whether buying or short selling, when entering a stock we must do all that we can to ensure that we have a high probability of making a profit. When buying a stock, we should ensure the following:

- Buy stocks that are controlled by the buyers in the market, which is to say that the market is optimistic about them. The easiest way to do this is to look for rising bottoms on the stock chart.
- Don't chase stocks higher. Buy early in an up trend when the stock is breaking from a period of sideways trading.
- Focus on stocks trading with abnormal market behavior. Abnormal activity is the clue that new information is coming in to the market that is not yet widely disseminated.
- Look for stocks breaking through ceiling prices as this also indicates that investors are trading with a new and optimistic perception of the fundamentals.

Risk Management
Imagine you are great at the first pillar and are able to pick winning stocks 70% of the time and you average a $1000 profit when you are right and lose $3000 when you are wrong. How much money do you make over ten trades? Despite being a good stock picker your account suffers an overall loss of $2000.

This demonstrates the importance of effective risk management. You have to limit losses and let profits run. You have to plan your losses so you don't allow a small loss turn in to a big one.

Don't take positions in stocks based on what you can afford, do so based on what you can afford to lose. Be comfortable with your loss exposure for taking more risk than you are comfortable with will almost certainly ensure that you make emotional mistakes. The fear of losing money is a powerful motivator to break your exit strategy rules.

Exit
There are two scenarios where you will sell a stock. The first scenario will have you selling the stock at a loss when the market proves the entry wrong. This is at the point that you plan in the risk management component to take the loss and is typically at support before the entry signal was triggered.

The second scenario is the more favorable selling at a profit. Most investors tend to do this too early and fail to maximize their gains. In general, we sell stocks at support. Support can be defined by candlestick charts, chart patterns or trend lines. The slower the stock is rising, the longer term support level we should use to trigger an exit signal. If the stock starts to move up very quickly choose shorter term support as the trigger point for a sell order.

Never sell because of what you learn from publicly available information. It is always behind what is happening in the current market because the stock market is forward looking.

Emotional Control
This is the hard part. I often joke that you are predisposed to fail in the stock market if you are a normal human being. The best traders are those that don't care about losing money, who don't have an aversion to the loss of their capital. For most of us, this is just not the case. We avoid pain and pursue pleasure which means we hold our losers and sell our winners early. Doing so ensures long term failure in the stock market so you must reprogram your long term habits to sell your losers and hold your winners. This is the most important component of trading success and yet is the greatest stumbling block for investors.

To achieve success in the market you need to master each of the four pillars for profit. The Stockscores Approach focuses on each of these in detail and can be learned through the StockSchool Pro home study course, available on the Stockscores.com web site in the Products area.

In summary:

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!


TheRumpledOne
6,362 posts
msg #41774
Ignore TheRumpledOne
modified
3/6/2006 7:21:29 AM

I don't recall this being a thread for seasoned traders.

Why would a seasoned trader need a thread at all?

Hopefully, you learned something, Riggs.





TheRumpledOne
6,362 posts
msg #41785
Ignore TheRumpledOne
3/6/2006 2:28:23 PM

I don't recall this being a thread for seasoned traders.

Why would a seasoned trader need a thread at all?

Hopefully, you learned something, Riggs.



WALLSTREETGENIUS
983 posts
msg #41711
Ignore WALLSTREETGENIUS
modified
3/6/2006 6:40:35 PM

alf44 said....

"Well...if that's true...why not use a 20 day offset...or, a 30 day offset...or, a 40 day offset."

Are you serious? 20,30, or 40 days? It's BECAUSE this is a filter for swing and position traders. Even daytraders can now have a solid filter. But since you're so hot on the 20 day offset, here you go alf44! BTW, are you color blind? Because I only see nonthing but "Green" here. But have a great day anyway alf.


Fetcher[show stocks where close is above 2
60 day slope of close is above 0
draw Bollinger Bands(20)
Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}
Bullpower has been decreasing the last 1 day
Bearpower has been increasing the last 1 day
Bearpower is below 0
Draw Bullpower
Draw Bearpower
add column BLxBL
add column BRxBR
average volume(90)is above 100000
volume is above 100000
sort column 6
date offset 2/1/06

/* THE MIGHTY RIGGS ACCUMULATION-75 POP */

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE momentum(12) */

set{moval, INDPOSITION(momentum(12), 60) * 100}

/* NORMALIZE CCI(14) */

set{ccval, INDPOSITION(CCI(14), 60) * 100 }

/* NORMALIZE williams %r(10) */

set{wrval, INDPOSITION(williams %r(10), 60) * 100 }


/* DRAW THE MP CCIWLR CHART */

and draw wrval
and draw adval on plot wrval
and draw moval on plot wrval
and draw ccval on plot wrval

add column adval
add column ccval
add column moval
add column wrval

adval is between 82 and 94
ccval is below 30
moval is below 30
wrval is below 30
]





RIGGS












TheRumpledOne
6,362 posts
msg #41894
Ignore TheRumpledOne
3/10/2006 9:27:33 PM

Fetcher[
show stocks where close is above 2
60 day slope of close is above 0
draw Bollinger Bands(20)
Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}
Bullpower has been decreasing the last 1 day
Bearpower has been increasing the last 1 day
Bearpower is below 0
Draw Bullpower
Draw Bearpower
add column BLxBL
add column BRxBR
average volume(90)is above 100000
volume is above 100000
sort column 6

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE momentum(12) */

set{moval, INDPOSITION(momentum(12), 60) * 100}

/* NORMALIZE CCI(14) */

set{ccval, INDPOSITION(CCI(14), 60) * 100 }

/* NORMALIZE williams %r(10) */

set{wrval, INDPOSITION(williams %r(10), 60) * 100 }

set{rsval, RSI(2) }

/* DRAW THE MP CCIWLR CHART */


and draw wrval
and draw adval on plot wrval
and draw moval on plot wrval
and draw rsval on plot wrval
and draw ccval on plot wrval

add column adval
add column ccval
add column moval
add column wrval
add column rsval

adval is between 82 and 94
ccval is Below 30
moval is Below 30
wrval is Below 30
]



RSI(2) RULES!



TheRumpledOne
6,362 posts
msg #41895
Ignore TheRumpledOne
modified
3/10/2006 9:31:46 PM

Fetcher[
show stocks where close is above 10
60 day slope of close is above 0
Do not draw 60 day slope of close
draw EMA(13)
Set{Bullpower, high minus ema(13)}
Set{Bearpower, low minus ema(13)}
set{BLb,days(BullPower is above BullPower 1 day ago,100)}
set{BLa,days(BullPower is below BullPower 1 day ago,100)}
set{BLxBL, BLa - BLb}
set{BRb,days(BearPower is above BearPower 1 day ago,100)}
set{BRa,days(BearPower is below BearPower 1 day ago,100)}
set{BRxBR, BRa - BRb}
Bullpower has been decreasing the last 1 day
Bearpower has been increasing the last 1 day
Bearpower is below 0
Draw Bullpower
Draw Bearpower
add column BLxBL
add column BRxBR
Force Index(2)is increasing
average volume(90)is above 100000
volume is above 100000
sort column 3 DESCENDING
offset 0 days

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE momentum(12) */

set{moval, INDPOSITION(momentum(12), 60) * 100}

/* NORMALIZE CCI(14) */

set{ccval, INDPOSITION(CCI(14), 60) * 100 }

/* NORMALIZE williams %r(10) */

set{wrval, INDPOSITION(williams %r(10), 60) * 100 }


set{rsval, RSI(2) }

/* DRAW THE MP CCIWLR CHART */


and draw wrval
and draw adval on plot wrval
and draw moval on plot wrval
and draw rsval on plot wrval
and draw ccval on plot wrval

add column adval
add column ccval
add column moval
add column wrval
add column rsval

adval is Above 80
ccval is Below 30
moval is Below 30
wrval is Below 30

adval is increasing
ccval is increasing
moval is increasing
wrval is increasing
]



How many "LAST FILTERS THAT YOU WILL EVER NEED" are there going to be?



last adj.
Being, coming, or placed after all others; final: the last game of the season.
Being the only one left: his last nickel; as a last resort.
Just past; most recent: last year; the last time I checked.
Most up-to-date; newest: the last thing in swimwear.
Highest in extent or degree; utmost: to the last measure of human endurance.
Most valid, authoritative, or conclusive: The arbiter will have the last say in resolving this dispute.

Least likely or expected: the last person we would have suspected.
The least desirable or suitable: the last man for the job.
Being the latest possible: waited until the last second before boarding the train.
Lowest in rank or importance: last prize; last place.
Used as an intensive: Every last dollar was donated to charity.

Of or relating to a terminal period or stage, as of life: the last days of the dinosaurs.
Administered just before death: the last sacraments.





StockFetcher Forums · Filter Exchange · This Is The Last Filter You Will Ever Need Part III<< 1 ... 2 3 4 5 6 >>Post Follow-up

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