oldsmar52
104 posts
msg #115727
- Ignore oldsmar52
modified |
10/7/2013 5:26:11 PM
For Scott: I just put in a market order on Sunday night (at whatever the open price may be).
For a day when the DOW was down 136 it was a great day. In addition to the ones above that made 2%, you could add in EVC and VIPS & I'm done for the week (I am still in 3 others however). I would suggest that you not try to modify/alter Avery's filter. If you're willing to take 2% you'll be blown away at how the compounding will work after a year.
Should you want to try this, some might be more comfortable with this. If you'd want to wait until 9:45 or 10:00 & see the ones that may have taken a dip, you could put in a limit buy then at whatever the open was......maybe that would suit some of you better.
The closer it gets to the debt ceiling deadline I would think it might be good to just stay out of everything. I probably won't do anything next Monday if the DC clowns haven't agreed on something. Anyone have any thoughts on that?
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scott111552
173 posts
msg #115728
- Ignore scott111552 |
10/7/2013 7:31:08 PM
Frank, thank you once again for your advice....You've been very generous with your responses....Please continue to post
here and let us all know how you continue to do....Blessings upon you!!
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amtmail
34 posts
msg #115729
- Ignore amtmail
modified |
10/7/2013 7:35:46 PM
oldsmar52, Thank you for answering our questions
but why you bought or select ZHNE.on oct 7th ?
ZHNE not on the first 5 selection on the filter
Thank you again
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SAFeTRADE
657 posts
msg #115735
- Ignore SAFeTRADE |
10/8/2013 7:36:38 AM
oldsmar52,
Do I understand you correctly. You enter up to 20 or 25 stocks that are 80% odds of making 2%.
Clarence
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oldsmar52
104 posts
msg #115741
- Ignore oldsmar52 |
10/8/2013 11:16:24 AM
For Amtmail: when I first started this I was buying the top 5. Now, I'm buying somewhere between 10 and 20...for me it would mostly depend on when their earnings date is for them (this week I bought 10). As for your question about ZHNE? I would assume that when you run this filter on the weekend, you will sort on the 2% column & then you'd see ZHNE as #7 on the list.
For SafeTrade: Somewhere between 10 and 20 as I said above. But, I've convinced myself to do nothing at all for next week unless the government shutdown and the debt ceiling are taken care of some way.
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spreadseller
3 posts
msg #115743
- Ignore spreadseller
modified |
10/8/2013 11:55:10 AM
.
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spreadseller
3 posts
msg #115744
- Ignore spreadseller
modified |
10/8/2013 11:59:13 AM
deleted
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DMUNCASTER
34 posts
msg #115750
- Ignore DMUNCASTER |
10/8/2013 2:03:50 PM
I've been playing with TRO's original long. Changing a couple of things, I get 100%, with a 2% profit goal. I use the high of the Friday stocks and use a buy stop at that high. About half of Fridays's choices never get bought the following week. I checked out the past 3 Fridays, ending with 10/4/13 and got 17 winners, no losers. I wouldn't know how to backtest other than manually. It would be nice if someone knows an easy way to check this back further. One problem with this (isn't there always), a high %age of the stocks that are in the 17 winners are priced between 2 and 5 dollars, so a 2% gain can be between $.04 and $.10. I believe that entering a sell stop for your 2% profit will run into problems with the bid/asked spread. Since your sell stop becomes a market order at the asked price, you might actually end up with a loss instead of a 2% gain. Anybody have any thoughts on this? Then there's commissions and slippage....
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oldsmar52
104 posts
msg #115756
- Ignore oldsmar52 |
10/8/2013 4:33:09 PM
That last post is the best example of one of my pet peeves: Did you notice how long it took before someone wanted to make some changes to a filter that can make you a 100% proift in a year as it is? Not long at all.
DUST was a 2% profit today from yesterday's open. Keep 2%'ing along.
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mahkoh
1,065 posts
msg #115757
- Ignore mahkoh |
10/8/2013 5:23:38 PM
But DUST scores 42 out of 52 for a 3.5 % profit target, that is 80 %. I guess one could look at an optimal risk/reward ratio for each individual stock.
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