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Eman93
4,572 posts
msg #71582
Ignore Eman93
modified
2/20/2009 9:22:03 AM

Thanks TRO.. I am in that boat... I am not trading the signals of my systems. I have no idea how to manage the trade.
I have a few good systems that I know work, my forcasting and chart reading are getting a lot better even on an iterday level.
I have no clue how to get in the 5% club.
Any reading recomendations?


Radiomuse
288 posts
msg #71599
Ignore Radiomuse
2/20/2009 11:13:02 AM

TRO - I've been studying your MTC system for a couple months, and really think it makes a lot of sense. Thinking about really dedicating some time to it and giving it a try with a single stock for about month - or maybe at least my mornings, first 3-4 hours of the trading day. Think at the very least it would help me understand how to read price action better.

For picking a stock, what are the main characteristics to look for?
- Nasdaq
- plenty of volume
- good gap fill statistics
- preferably big Average Daily Range (AAPL seems a bit low these days?)

Anything else? I'm thinking about RIMM, AKAM, ENER, PCLN, NVDA... Do you have any opinions on these?

Thanks,
Mike







TheRumpledOne
6,358 posts
msg #71604
Ignore TheRumpledOne
2/20/2009 11:40:32 AM

Eman93

modified 2/20/2009 9:22:03 AM

Thanks TRO.. I am in that boat... I am not trading the signals of my systems. I have no idea how to manage the trade.
I have a few good systems that I know work, my forcasting and chart reading are getting a lot better even on an iterday level.
I have no clue how to get in the 5% club.
Any reading recomendations?

===================

You're welcome.

What's the 5% club?

Reading? Read Dan Millman's books.



TheRumpledOne
6,358 posts
msg #71605
Ignore TheRumpledOne
modified
2/20/2009 11:41:10 AM

For picking a stock, what are the main characteristics to look for?

I wrote a MILK THE COW checker filter just put the stock(s) you are considering in the symlist and run the filter.

AAPL or RIMM if you want to MILK THE COWS.

Eman93
4,572 posts
msg #71606
Ignore Eman93
2/20/2009 11:49:47 AM

TRO
When it comes to trading the Forex market as well as other markets, only 5% of traders achieve the ultimate goal: to be consistent in profits. What is interesting though is that there is just a tiny difference between this 5% of traders and the rest of them. The top 5% grow from mistakes; mistakes are a learning experience, they learn an invaluable lesson on every single mistake made. Deep in their minds, a mistake is one more chance to try it harder and do it better the next time, because they know they might not get a chance the next time. And at the end, this tiny difference becomes THE big difference.

_____________________________________________________________________
That 5% Club

Thanks

Eman93
4,572 posts
msg #71607
Ignore Eman93
modified
2/20/2009 11:55:43 AM

TRO 9/18/2008 10:24:21 PM

You can enter a long trade anywhere from open + $.10 to open + $.20.. after that you are chasing.

This works on the stocks that I call COWS - stocks that have the stats that say, if price moves $.10 chances are it will move $.50 or more.


Fetcher[
/* TRO MTC CHECKER */

set{ hiop, high - open }
set{ up10, count( hiop > 0.09, 100 ) }
set{ up50, count( hiop > 0.49, 100 ) }
set{ pct1, up50 / up10 }
set{winpct, 100 * pct1 }

add column up10
add column up50
add column winpct


up50 above 79

average volume(90) above 1000000

market is nasdaq

sort column 7 descending
]




Radiomuse
288 posts
msg #71608
Ignore Radiomuse
2/20/2009 12:18:41 PM

TRO - thanks! So the MTC Checker is telling us the stocks that, if they go up .10 from open, there's a high probability they'll go up .50 from open. I assume you have the same stats filter for the downside - can you post it? I'm wondering if the companies looking good on one scan will typically look just as good the other direction.

Do you factor in Average Day Range at all? Do you like AAPL because the volume is so huge? I'm thinking AMZN, APOL, CELG are looking like good combinations of winpct, volume, ADR and price under $100 (just personal preference).

Radiomuse
288 posts
msg #71623
Ignore Radiomuse
2/20/2009 2:50:52 PM

Combining up winners and down winners into one list - NTRS looks like an interesting candidate.

Fetcher[/* TRO MTC CHECKER - UP AND DOWN MASTER LIST */

set{oplow, open - low}
set{down10, count( oplow > 0.09, 100 ) }
set{down50, count( oplow > 0.49, 100 ) }
set{pct1, down50 / down10 }
set{winpctdown, 100 * pct1 }

set{ hiop, high - open }
set{ up10, count( hiop > 0.09, 100 ) }
set{ up50, count( hiop > 0.49, 100 ) }
set{ pct2, up50 / up10 }
set{winpctup, 100 * pct2 }

add column up10
add column up50
add column winpctup{winup%}
add column down10
add column down50
add column winpctdown{windown%}
add column average day range(10) {adr10}
add column average day range(30) {adr30}
add column average daily volume(90)

set{upplusdown,winpctdown+winpctup}
set{updownavg,upplusdown/2}
add column updownavg

updownavg above 79

average volume(90) above 500000
average day range(30) above 3

market is nasdaq
price below 150
sort column 14 descending
]




chetron
2,817 posts
msg #71637
Ignore chetron
2/21/2009 1:42:44 PM

just a thought....

Fetcher[
/* TRO MTC CHECKER - UP AND DOWN MASTER LIST */

set{oplow, open - low}
set{down10, count( oplow > 0.09, 100 ) }
set{down50, count( oplow > 0.49, 100 ) }
set{pct1, down50 / down10 }
set{winpctdown, 100 * pct1 }

set{ hiop, high - open }
set{ up10, count( hiop > 0.09, 100 ) }
set{ up50, count( hiop > 0.49, 100 ) }
set{ pct2, up50 / up10 }
set{winpctup, 100 * pct2 }

add column up10
add column up50
add column winpctup{winup%}
add column down10
add column down50
add column winpctdown{windown%}
add column average day range(10) {adr10}
add column average day range(30) {adr30}
add column average daily volume(90)

set{upplusdown,winpctdown+winpctup}
set{updownavg,upplusdown/2}
add column updownavg

updownavg above 79
average volume(90) above 500000
average day range(30) above 3
average day range(10) above average day range(30)

market is nasdaq
price below 150
sort column 14 descending
]



TheRumpledOne
6,358 posts
msg #71670
Ignore TheRumpledOne
2/23/2009 10:44:36 AM

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FADE THE GAP

StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!!<< 1 ... 51 52 53 54 55 ... 102 >>Post Follow-up

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