jim_c_hill
61 posts
msg #27697
- Ignore jim_c_hill |
8/6/2003 11:48:56 AM
Joe
Thanks for your comments. I have found the first one I posted also seems to work better over a wider data base than the second. Yet, occasionally the second one gives some great stock picks.
Also thanks for your suggestions about trading the selections. A question: When you say on the first trading day be sure the Open is above that for the scan day, do you mean open to open comparison or open to close(scan day?
I have also opened a new thread with another suggestion.
Jim
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JoeGrossinger
165 posts
msg #27699
- Ignore JoeGrossinger |
8/6/2003 6:22:53 PM
Well, there are several ways to play the hits.
Buy them all at the open.
Wait until the stock moves up a bit after the open and then buy around 11 mkt time. The stock should be a bit lower by then and you will have some idea what its going to do that day.
Your filter is so accurate though, that the first choice might be the best one.
For this it might be better to use your second filter because it returns more hits. The accuracy of the filter allows for greater profits and more security if you just buy the entire list.
You can adjust the number of hits by adjusting the price range.
I would say no more than 5 stocks to start, then drop off the non-performers and add new hits the next day. I think a guy can make a lot of money with your filter that way.
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robeal
6 posts
msg #28569
- Ignore robeal |
9/14/2003 1:12:45 AM
Those filters can be improved by using 8, 10, 20 & 50 Day moving averages, if you screen for MA's where the 8 is above 10, and 10 is above 20 and 20 is above 50, you will find the most bullish stocks and your earnings will be optimized greatly!
WorldDominatrix
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