xxxg0t_ric3xxx
21 posts
msg #52502
- Ignore xxxg0t_ric3xxx |
6/25/2007 7:23:11 PM
Thank you Dangreene, But I have another question... when I run them through the filters I just pick out one of them after it has been filtered?
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dunamis
18 posts
msg #52505
- Ignore dunamis |
6/25/2007 8:44:03 PM
It's not as simple as that (unfortunately!). As we are constantly reminded on SF - it's not what you trade, it's how you trade it. You have to think about which stock to choose (if there is more than one), when you buy it, how long you keep it, how much to invest in it and how much you are willing to lose before selling (if the price goes down).
I suggest that you read "How to Make Money in Stocks" by Willian O'Neil in order to learn all the above.
THEN you can start...
My two pennies worth based on painful experience that I am finally learning from!
Dun
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betyerbottomdollar
169 posts
msg #52509
- Ignore betyerbottomdollar |
6/25/2007 9:29:11 PM
Right!
I don't think the fundamentals of the IBD 100 stocks are an absolute necessity... There are way more great stocks out there that are rising more rapidly than the IBD 100...it is just that the IBD stocks are a pretty safe bet. In fact, I bet if you apply the idea of low profit stops and big loss stops to any set of uptrending stocks you will come up with a high win rate.
In fact...maybe I will try that...
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betyerbottomdollar
169 posts
msg #52511
- Ignore betyerbottomdollar |
6/25/2007 9:50:33 PM
Same scenario, just not IBD stocks. These stocks are from the common Bollinger Band Squeeze filter.
show stocks where Bollinger Width(20) reached a new 6 month low
and draw Bollinger Band(20)
(you will have to copy n paste...I forgot how to type it as a link)
Trade Statistics
There were 1313 total stocks entered. Of those, 1063 or 80.96% were complete and 250 or 19.04% were open.
Of the 1063 completed trades, 965 trades or 90.78%resulted in a net gain.
Your average net change for completed trades was: 6.82%.
The average draw down of your approach was: -9.39%.
The average max profit of your approach was: 10.88%
The Reward/Risk ratio for this approach is: 3.88
Annualized Return on Investment (ROI): 19.03%, the ROI of ^SPX was: 11.70%.
Exit Statistics
Stop Loss was triggered 32 times or 3.01% of the time.
Stop Profit was triggered 946 times or 88.99% of the time.
Still had 90% winners, just a low ROI compared to the IBD stocks...
Kram...I am keeping an eye on your stocks! How do you know when to exit?
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kram1056
21 posts
msg #52514
- Ignore kram1056
modified |
6/25/2007 10:29:40 PM
I use the 5 day method, if I am not stopped out I get out in 5 days. If I stay in longer I use a trailing stop so that I dont lose all of my gains. I put my stop price around 8%, sometimes before if I feel the market is going against me.
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corsino
259 posts
msg #52526
- Ignore corsino |
6/26/2007 1:21:28 AM
I hate to sound like a wet blanket, but I keep reading about "a big loss stop" and "safe stock". Apparently the writer(s) of those statements wasn't around in the fall of 1987.Or more recently, when the internet bubble burst. At those times, there's are very few "safe" stocks, and a big loss stop will wipe you out.
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xxxg0t_ric3xxx
21 posts
msg #52528
- Ignore xxxg0t_ric3xxx |
6/26/2007 1:57:07 AM
Hey Kram, for the filter you do with the IBD, is it like different stocks come up daily? or some days when there is none to buy?
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xxxg0t_ric3xxx
21 posts
msg #52529
- Ignore xxxg0t_ric3xxx |
6/26/2007 2:00:58 AM
Yea, I would like to try the IBD and backtest this myself but unfortunately you have to subscribe before you can check up on the IBD 100. Think there is anyway of getting it without subscribing?
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kram1056
21 posts
msg #52540
- Ignore kram1056 |
6/26/2007 10:00:04 AM
Yes different stocks come up some days, and some days you will get nothing. If you look at all of the IBD 100 you will have more each day, but if you only look at the ones that are 50 dollars or more you have less.
You can get IBD for free at you local library if you dotn want to pay for it. You have to read it there, dont think you can check out a newspaper. LOL
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xxxg0t_ric3xxx
21 posts
msg #52572
- Ignore xxxg0t_ric3xxx |
6/26/2007 5:45:45 PM
Oh really, What kind of Newspaper is this? Thanks for all the reply and help
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