Noahedwinbeach2
135 posts
msg #26544
- Ignore Noahedwinbeach2 |
5/18/2003 12:50:34 PM
You luck is wished lol. Thats all I have to start with too is $2000 so we are in the same boat lol. Let's show the world what we can do :)
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makeroftrades
29 posts
msg #26700
- Ignore makeroftrades |
6/2/2003 9:33:21 AM
seems great maybe you good share what filter set up you use to do this grand trading , seems hard to believe you started with under 5000.00 and did so well, im curious if you will share the meat and potatoes of your filters and type of stocks you buy , not otc i hope ..will await this reply , seems you pumped alot of informationwithout any facts in the method of your trading and filter style , others would get a great deal of help if you did on this forum thanks
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risjr
229 posts
msg #26705
- Ignore risjr |
6/2/2003 3:58:14 PM
Hi Noah,
This is a great filter, with some fantastic results. But it can be very volatile! Do have have any stop loss limits on your orders? If so, at what percent etc. Your idea of a self built mutual fund is great, and has worked very well too. Could you include more detail on the money management factor, to minimize losses.
Thanks in advance
Ron
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Noahedwinbeach2
135 posts
msg #26778
- Ignore Noahedwinbeach2 |
6/7/2003 1:25:22 PM
I do not use stop losses because I use buyandhold.com and they do not have that option. Instead I buy about 10-20 stocks at a time and use mental stop losses. The risk is very low when holding that many stocks. I just buy all the stocks in the filter or as man as I can. The results so far have been great.
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rrochon
117 posts
msg #26828
- Ignore rrochon |
6/11/2003 11:06:13 PM
Noah,
I'm not sure I completely understand your procedure. You say to hold the stocks you buy for 10 days, but later you talk about mental stops. Do you hold them for 10 days, or do you sell them if they drop a certain % before the 10 days?
On 6/4 after reading your idea to buy a block of stocks each day for three days, I started papertrading the 5 top stocks on the screen. It hasn't been 10 days yet, but so far there are a couple good gainers, but quite a number of loosers. I'll wait until 6/18 to close them and see what the gain is, if any, but so far it doesn't look good.
Dick
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wallman
299 posts
msg #26832
- Ignore wallman |
6/12/2003 11:16:49 AM
HI DICK,not taking anything away from NOAH's filter but imo it is a little riskier than some and if you were to only hold 10 days or so you may find that they may begin their moves after that,i feel to set up a "mutual fund" type acct you don't need that risk,just a good solid filter that has a balance to it,nothing that provides either huge gains NOR huge losses,just nice steady gains,you could try ARE71's filter from the forum FILTER EXCHANGE "please share secret filters" 5 - 18 but try my changes with it from couple posts down 5 -26 12:09,i think the williams and rsi additions make it a good counter balance,therefore maybe making it a good choice for longer, steadier, gains, you may want to try papertrading it from the day you started with the other filter and see if maybe it is a little more consistant....GOOD LUCK,MUDDY
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ig0r
51 posts
msg #26834
- Ignore ig0r |
6/12/2003 1:31:41 PM
i paper traded 10 days of noah's idea and got a 20% gain, i played 1500 bucks for 10 days with the same system and got a 17% gain, im starting my second 10 day term tomorrow
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sounique
6 posts
msg #26845
- Ignore sounique |
6/12/2003 5:11:43 PM
Nice idea, but remember we are in a mini "Bull" market. Change your offset date to 100 and launch each chart. You will find that you won't get the short term increases that you are getting now. When ever I test a new scan I always look for all market conditions. Stocks do go up in a bear market, you just have to find them.
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jim_c_hill
61 posts
msg #26853
- Ignore jim_c_hill |
6/12/2003 10:24:06 PM
I agree that you must test in bear markets. Many of the filters suggested do not work well in down markets. You need a filter to advise you when market is not appropriate for the model. I have asked stockfetcher to add the ability to include in a filter something like the following:
Filter: Whatever you design that is good in an up market
Then add something like the following And if macd of the nyse is below zero, return no stocks.
At the present time stockfetcher can not do this.
Jim Hill
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Noahedwinbeach2
135 posts
msg #26855
- Ignore Noahedwinbeach2 |
6/13/2003 2:49:58 AM
Hello guys! I have a new system im trading on here. I know I sound wishy woshy. I am no longer using that filter mentioned. Instead I am using these two below. There returns are much more stable. I so far am getting a nice profit on my real trading account at buyandhold.com. By the way..you guys can go back 100 days from now but it doesnt tell you what the stock did 10 days ago from that point. That is something I wish stockfetcher would work on. It only shows 1 week from that point. Most stocks dong show profits till that second week so it is impossible to see if it works or not. Stockfetcher needs to add a box where you can type how many days you want to show the results performance for after that date. Here are the two filters. I trust you guys will love these.
Show stocks where +DI(14) is above 20 and Average Volume(10) is above Average Volume(20) and Average Volume(10) is above 500000 and close is between 1 and 2
Show stocks where Close gained between 5 percent and 10 percent over the last 1 day and Average Volume(10) is above Average Volume(90) and Average Volume (90) is above 100000 and Close is between 1 and 2
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