|
|
Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
|
My question to you Guest that wrote Time Value of Money is after reading my posts here and Stock Tips, tell me how to refine my trading to make more money faster and what pitfalls should I be watching for as it pertains to my trading style. Straight answers is what I am seeking so I am hoping that you will improve my returns.
|
|
Rank: Guest
Joined: 6/11/2008
Posts: 79
|
Stockman shoot me an e-mail if your on jrosebrough@sbcglobal.net sat 6-28-08 1140 am EST
|
|
Rank: Newbie
Joined: 6/28/2008
Posts: 5
Location: usa
|
Stockman
What price filter do you use for in the screener? I have noticed a lot of fast moving stocks are priced at under $5 especially if sorting by performance by week less so when sorting by month.
Thanks
Sloan
|
|
Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
|
Sloan,
I use over $5 to eliminate the penny stocks. What is your opinion of Finviz?
|
|
Rank: Newbie
Joined: 6/28/2008
Posts: 5
Location: usa
|
Stockman
Thanks for the reply. I think Finviz is great I have been using it for over a month now. I just starting reading the forum today and learned something new from your post. I am mainly a day trader in and out the same day. I am going to try your method out with a small size of $500 with a $25 dollar risk or 5%. By using your search criteria I have come up with the current list of candidates. SDTH,DNN,UEC,URRE,VLNC,CHQ,GDP,WHT,ABAT,DMLP,HUSA,IDSA,GSI,SBKC
Its all about OIL
ABAT and VLNC make lithium batteries and as oil goes up higher people become more interested in electric vehicles these companies supply the batteries.
UEC and URRE are both plays on Uranium both stocks are $3 and could likely double, as oil goes up people are becoming more agreeable to nuclear energy and these companies provide the fuel.
HUSA AND GDP Independent Oil and Gas as Oil goes up so do these companies. I like HUSA it just broke above resistance in the last couple of days could be the beginning of the parabolic curve upwards. GDP well it keeps going might be worth a play if stop is tight.
WHT and CHQ more oil stocks broke above resistance could keep going.
So Stockman what do you think of my list would you play any of these stocks if so which ones and where would you enter?
Thanks
Sloan
|
|
Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
|
Sloan,
I agree with most of your picks. I own most of the oil plays and the few that I don't, I am watching with the intention of buying Monday based on upward movement. I suggest on oil, you wait for direction of oil and the market and make sure your buy candidates are moving up before buying. Most of my oil ownership keeps moving up regardless of the direction of both variables, but this bear market brought them down and I reluctantly sold some last week. I did not want to sell, but I violated my rule and let the losses get bigger because they had been so steady in their progression up. As we now know, oil spiked to a new record and I ended up buying my preferred oil at a higher price and lost opportunity money. You starting this method with a small amount of money is the right thing to do. The huge selling pressure is distorting my results where I had a small loss last week and had I owned all my oil, it would've been a good week. My fear on oil stocks is sudden news that would drop the price $20 a barrel so protect yourself with stops.
I would wait and watch VLNC which might hit resistance at $4.85, URRE just started step up and if it keeps upward movement, consider buy, DNN at resistance, and DMLP bounced off resistance and it is a watch. No one appointed me to be an expert so that is my opinion and if these keep, moving up, they become more attractive.I suggest you build a portfolio with your candidates on Finviz and go to screener and evaluate the best for the week and month which is what I did, and had you owned these fourteen companies on Friday, you would've been up 4.78% which is 10% higher than the S&P. Most investors would be thrilled with those results. Last week looks like an average 20% gain and in the last month an average 30% gain on the accum results had you owned. The numbers show that you are picking from a good group of candidates. I am not suggesting you buy the top results. It is just another factor to consider. I own GSI already and the decision to buy on Monday for your list would be the ones continuing their upward movement. Stay away for the ones going down, but watch them. At the end of the day, I am exhausted because I am watching the market, all my candidates, all my stocks, looking for a new trend in another sector and listening to CNBC. I am sure you do the same thing, but it is intense keeping everything under control. I am constantly searching for new candidates based on the days results.
I also suggest that you go to industry and pull up etf's and sort for the best for the week and you will see fourteen bear market etf's with 10% or higher results. I am using these to balance my losses in the bear market environment so that the worse the market gets, the more balanced your money is. Sometime when you see your total portfolio value stay even or up in a down market, you feel like you are doing the things you need to do to make more money. Be sure to watch the stocks you sold after losses to see if they start up again.
Please let me know the results and your opinion of this style of investing. I will be watching the portfolio I built on your choices and it would be great to compare notes. It wouldn't bother me at all if you do better than I do because this is why I am sharing my style to help others and maybe I can get feedback to improve what I am doing from people like you so we can all make money, faster.
|
|
Rank: Newbie
Joined: 6/23/2008
Posts: 7
Location: nashville, tn
|
Good Morning Stockman, Sounds like you are a very busy man. Is it possible to post some of the trades you are making on a daily basis, maybe starting low to high as I am a newbie, like your style, have figured out some of your trading style, but am very nervous and need some support here. My email is punchbuggy987@yahoo.com. I have limited time to do as much research as you but am up at 4:00am doing research before I go to work. Thanks and I hope you can help me and all of us that are trying to make money faster.
|
|
Rank: Newbie
Joined: 7/2/2008
Posts: 2
|
Stockman
When you use stops that are $3 to $5 below your purchase don't you run the risk of stopping out if it equates to a small percentage of stock price? Or do you stick to a range of stock prices? On a weighted basis are there any other parameters aside from the weekly and monthly performance values that you concentrate a lot on? For example I would think that if you set $5 stops on $200 stock prices you could easily get stopped out in a day with the intraday "normal" fluctations; hence do you focus more on other parameters such as volatility or insider trading?
Also, there are top gainers that finviz posts on the front page which I wonder if anyone has studied over time. I'm wondering if those stocks are considered potential momentum stocks or are they more likely just anomolies.
Thanks,
KK
Thanks, KK
|
|
Rank: Newbie
Joined: 6/28/2008
Posts: 5
Location: usa
|
Stockman
Have you took a hit the last couple of days? I noticed that my test portfolio that I started monday "ABAT,CHQ,DMLP,DNN,GDP,GSI,HUSA,IDSA,SBKC,SDTH,UEC,URRE,VLNC,WHT" really took a hit if I had bought these stocks I would have been stopped out of them all except 2 or 3.
I think your method works fine on the long side when the market does not have so much negative pressure on it.
If you want to be on the long side in this down trend the ETF's seemed to provide the most upward movment. Screener criteria Volume Over 100k, price over $10, performance +10% month. Test portfolio for ETF's
FXP,MZZ,TWM,EEV,QID,SRS,SDS,SKF,DXD,OIL,USO,DBA,DBC,GSG,DBE,DJP,RJI,RJA,DGP
Here is another test portfolio that I set up but for the short side (short sell) since Monday this portfolio is up $6,000. Screener criteria Over 100k Volume, performance +10% year, sort by performance month with the most negative at the top. Click on chart and select the top 12. From the list below 3 do not show up in the search any more because the year gain is less then 10% since Monday. And if you are reading this post past today likely none of them will be there.
OI,EXM,BYI,LNN,SOHU,ARA,TBSI,MA,GWR,UBB,KEX,DE
I think the most prudent strategy here is to trade in the general market direction to minimize risk and since the middle of May the weekly trend has been down. After studying the movement of the high fliers for the last couple of months I noticed that from mid March to mid June the high fliers marched higher and high. But since mid June they have flattened out and have started to fail in there upward movement. By looking at the weekly SPY chart the trend at the end of May was clearly in the downward movement this would have been a perfect time to start stalking some short candidates. I believe if you want to make more money faster you need to consider trading on the short side as well when the market is trending downward week after week.
Remember it is easier to swim down stream then against the current. Right now I find much more opportunity on the short side than the long. There are many more attractive canidates on the short side right now then the long.
|
|
Rank: Newbie
Joined: 6/28/2008
Posts: 5
Location: usa
|
kk
Stockman is looking for a quick 15% gain and doubles up or triples up when it reaches its mark. So lets say you have a $100 dollar stock I don't think it would be prudent to risk $15 on this trade when your first target is $15 you want a minimum 1 to 2 or 1 to 3 risk reward ratio. So you would want to risk $5 to make $15. So lets say you want to invest in a 100 dollar stock and are willing to risk $200 you divide 200/5 it gives you 40 shares with your stop loss at $95. If you are right and the stock advances and your first target is 115 you have a nice $600 dollar gain if you are wrong you lose $200 bucks. Buy on strength never on weakness . Before placing any trade you need to find support and resistance on the chart I would use that as my stop price, over any dollar figure or percentage. There is no holy grail just hard work discipline.
|
|
|
Guest |
