AntonellaB
3 posts
msg #64910
- Ignore AntonellaB |
7/12/2008 1:46:12 PM
Johnnyvento, Lizzy and 13th, I been reading your post from page 1 on. I am 1 day newbie. Your filters that you are using, are for differnet filter/setups, low float, HOD, etc... Is there 1, I can start out with, basic one and then jump into the other ones you posted? Also say if i use a basic chart, and 11,000 or so symbols come back when I fetch, where do i go from there? Thats the 1st stock and trade it? This is where I am getting lost. I fully understand the filter setup that you are gearing out, but one thing that gets me is after I hit fetch, what do i do when i see all those stcoks.
Thanks AntonellaB
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13th_floor
724 posts
msg #64932
- Ignore 13th_floor |
7/12/2008 10:17:29 PM
Well yeah,it's SCAN not a filter,sure it's going to show a ton of stocks,everyone is this universe:
close is between 1 and 15
average volume(90) above 50000
average volume(10) above 250000
It was explained how to use it right in the first post:
"These stocks are at least 8% ADR(30) AND have run at least 10 times in the last 100 days over 10% in a day."
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cunparis
71 posts
msg #64952
- Ignore cunparis |
7/13/2008 5:01:40 PM
TRO
I love the statistics and it makes a lot of sense to me.
Yesterday I spent a few hours studying the filter I think you called it stat scan, which ran the stats on open to high. I am serious I spent several hours just on this one filter. I learned a lot. But my final conclusion was that I could find a way to trade it. I'm not saying a way doesn't exit, I just couldn't see it. Knowing a stock goes up 0.50 80% of the time is good, but the problem is setting stops and reducing risk. Let's say the 0.50 is 1%. You can make 1% 80% of the time, but if you lose 8% the other 20% of the time it'll wipe you out.
I will spend more time thinking on your AAPL statistic approach, but if you have a comment about the above please let me know as it'll help me as well for analyzing other filters.
One thing is for sure, after spending a few hours on a filter, one really begins to understand your filters better and trading in general. It was very worthwhile even if I still haven't figured out a way to use it. :)
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13th_floor
724 posts
msg #65258
- Ignore 13th_floor |
7/19/2008 8:50:36 PM
The dayrange/stocks for this weeks watches on the combo are incredible.
Best day trading opps I've seen yet
I am gonna rip the market next week. long/short,it's all there!
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hfilty
16 posts
msg #65265
- Ignore hfilty |
7/20/2008 4:36:15 AM
thanks 13th, i have been papper trading for the last couple weeks using your strategies. man you are good. i m still learning day by day and i will get it though. thanks again. newbie
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13th_floor
724 posts
msg #65268
- Ignore 13th_floor |
7/20/2008 8:51:31 AM
hfilty,
thank you.
if you get a chance some evening ,drop in the chat,we've been holding discussions on how a few of us are trading this method and doing pretty well.
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hfilty
16 posts
msg #65285
- Ignore hfilty |
7/20/2008 9:03:22 PM
yes sir i will. thanks again
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TheRumpledOne
6,529 posts
msg #65298
- Ignore TheRumpledOne
modified |
7/21/2008 12:49:29 AM
cunparis
- Ignore cunparis 7/13/2008 5:01:40 PM
TRO
I love the statistics and it makes a lot of sense to me.
Yesterday I spent a few hours studying the filter I think you called it stat scan, which ran the stats on open to high. I am serious I spent several hours just on this one filter. I learned a lot. But my final conclusion was that I could find a way to trade it. I'm not saying a way doesn't exit, I just couldn't see it. Knowing a stock goes up 0.50 80% of the time is good, but the problem is setting stops and reducing risk. Let's say the 0.50 is 1%. You can make 1% 80% of the time, but if you lose 8% the other 20% of the time it'll wipe you out.
I will spend more time thinking on your AAPL statistic approach, but if you have a comment about the above please let me know as it'll help me as well for analyzing other filters.
One thing is for sure, after spending a few hours on a filter, one really begins to understand your filters better and trading in general. It was very worthwhile even if I still haven't figured out a way to use it. :)
========================================================
"But my final conclusion was that I could find a way to trade it. "
See, that is why I say:
"IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT"
Simplest way to trade RFR stocks is to use Muddy's WAIT FOR GREEN entry strategy.
You can also use my RFR TRAVEL GUIDE to see where the drop should hit and where the bounce should be.
You can also use part of my BLACK BELT TRADING STRATEGY... if the previous day's close crosses and closes above the ema(5), you should be clear for takeoff.
That should be enough to get you started.
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johnnyvento
51 posts
msg #66780
- Ignore johnnyvento |
8/29/2008 12:32:37 AM
Just felt like bumping this thread...
13th taught me everything I know about trading, not that I know that much. Newcomers to SF should learn about him and his methods.
Go to greenonthescreen.blogspot.com and read the important posts (read the whole blog too when you have time).
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TheRumpledOne
6,529 posts
msg #66802
- Ignore TheRumpledOne |
8/29/2008 4:01:25 PM
"HIS METHODS"?
Try MUDDY'S METHODS!!
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