scott111552
173 posts
msg #107371
- Ignore scott111552 |
8/5/2012 11:38:12 PM
Show stocks where the price has lost more than 10% in the last one day and the
close is between 1 and 15 and volume is > 250000
This appears to be a very simple but effective filter for quick scalps. My personal preference is
to buy a few thousand shares of the least expensive stock near the close of the day and then
sell the following day. If anyone would be so kind as to tweak or further backtest this filter,
please do so and share your results here. Regards!!
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scott111552
173 posts
msg #107372
- Ignore scott111552 |
8/5/2012 11:45:19 PM
One caveat about the above filter--- it won't make you rich overnight, but you should see a daily positive
influence on your portfolio.
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novacane32000
331 posts
msg #107379
- Ignore novacane32000 |
8/6/2012 9:49:08 AM
Scott, what stop % has worked best for you when a trade goes against you? Are you typically out after 1 day?
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Kevin_in_GA
4,599 posts
msg #107380
- Ignore Kevin_in_GA |
8/6/2012 10:10:52 AM
Here is one possible execution for the entry at the end of the day. I prefer to look for stocks where the liquidity (close price x volume) is above $1 MM each day. In that case a modest buy of $20,000 or so does not run into issues when you are trying to sell the next day.
Note that you got crucified on KCG last week. Have you looked at smaller drops (e.g., 5%)?
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scott111552
173 posts
msg #107432
- Ignore scott111552 |
8/7/2012 3:36:38 PM
NVMN was the least expensive stock at the close yesterday, at $1.10, subsequently, it went as high as $1.25 today
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scott111552
173 posts
msg #107441
- Ignore scott111552 |
8/7/2012 7:12:32 PM
Purchased HEK at end of day, but sold on the pop during after hours....
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scott111552
173 posts
msg #107461
- Ignore scott111552 |
8/8/2012 9:53:03 AM
HEK has gone as high as $2.84, so far
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scott111552
173 posts
msg #107514
- Ignore scott111552 |
8/10/2012 5:34:00 AM
PRMW-- closed Wednesday at $1.15, went to $1.24 on Thursday.
DRL is today's choice, closing at $1.05 on Thursday afternoon.
It is my sincere wish that the StockFetcher community is profiting with this filter.
Cheers!
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