StockFetcher Forums · Filter Exchange · Why limit your screens ?<< >>Post Follow-up
Cacher
121 posts
msg #102145
Ignore Cacher
modified
8/9/2011 9:54:48 PM

If a $1.00 stock trades 50,000,000 shares, then it should interest you. Unfortunately it is often overlooked as you want a stock that trades over $5.00 .... but why ?

The same holds true for volume ... so you don't want to trade a stock under 100,000 shares .... but you will consider a $5.00 stock that has just over 100,000 shares traded (which is a minimum of $500,000 invested) .... but a stock that trades at $3.50 and 1,000,000 shares ($3,500,000 invested) would be overlooked ... and a huge mistake. (You think $500,000 invested in a stock looks interesting ... but won't consider a stock that trades $3,500,000 .... think about what you are overlooking. (These levels are just to make a point ... not the actual level I would recommend)

The more beneficial way is to simply combine price and volume..... and use THIS value within your screens....like this:

set{moneyflow, price * volume}
moneyflow is greater than 10101010

Simple and Effective !

... unfortunately we do need to use some random value, as I did here $10,101,010 (... hey I am a digital guy ... and like the 1010 1010 pattern (AA hex) .....

Your thoughts?


dwiggains
391 posts
msg #102148
Ignore dwiggains
8/10/2011 8:49:13 AM

I agree
Money flow is what I have watched for years.

See ya
David

Kevin_in_GA
4,546 posts
msg #102149
Ignore Kevin_in_GA
8/10/2011 9:23:44 AM

I think a slightly more robust way to look at this is to use the average volume over a defined period.

Fetcher[
set{liquidity, average volume(50) * close}

liquidity above 10000000

]



And if you are looking for volume breakouts you can simply add that in as another filter criterion:

Fetcher[
set{liquidity, average volume(50) * close}
set{breakout, average volume(50) * 2}

liquidity above 10000000

volume above breakout

]




TheRumpledOne
6,359 posts
msg #102156
Ignore TheRumpledOne
8/10/2011 2:42:02 PM

Why not find the stocks that best fit your method?

Then you don't have to keep looking for which stocks to trade.

Instead, you spend your time trading.



four
3,998 posts
msg #102172
Ignore four
8/10/2011 8:54:08 PM

TRO

You remind me of this advice given by Bruce Lee (Be water)

http://www.youtube.com/watch?v=iO3sBulXpVw

StockFetcher Forums · Filter Exchange · Why limit your screens ?<< >>Post Follow-up

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