How do you screen / Find Stocks

[Luc1Grunt]

Thought I would open a can of worms here while refining a few strategies.

Many picks are tossed out on this forum and I'm sure those new to trading / investing wonder how they are "found.

Some screens / techniques? Remember, trading and investing are not the same.

How about MACD fast line crossed the MACD slow line within the last 2 days and volume has increased 15% during the same period.....for starters.

[Svenwulf]

i have also been kicking around starting this thread for awhile now. have hesitated with all the new bashers, after all they remind us this is a Cramer board, and i'd hate to ruin things with stock talk or constructive brainstorming.

but hey, discretion has never been one of my strengths, so...

as stated trading and investing are very different. i am discussing trading. i apologize if any of this is obvious, but i am striving for simplicity.

the TA stuff is great. very important to understand, and you should be learning something new all the time. but anytime i have put money on a squiggly line, i generally am in a weaker position, and more prone to panic. i prefer other methods for idea generation. TA works well for many people, and that alone makes it a market force.

i will always have a planned or current catalyst for a trade. i have my "comfy" sectors, but am always trying to learn about other parts of the market.

obviously earnings are a great trading vehicle. statistically an under perform time for the market, some of my biggest wins, and loosers have come gaming earnings. do not play a company you don't know. do not play a company you love. look for a discrepancy in price history compared to competitors or related firms. see if the discrepancy is warranted. do not trust option activity, the capital requirements render them too easily distorted. and always remember to account for street sentiment.

for obvious reasons this is the rookie version. i like to think i put much more into it than that. and earnings are only a small window of opportunity, so of course an active trader needs other ways to generate ideas. these are all just my opinions, and i do hope to hear others chime in with even basic ideas.

[Ghost]

Rummaging thru WSJ/IBD articles. Doing research on Peer performance can unearth some interesting directions. Cramer does pick some good p/e peg stocks and if they pass the tests, I'll observe. Fast Money is good for a few tips b/c they're playing daily. i.e. I am usually tuned into Bolling's word on energy/nat gas. Yahoo finance and local business sectors have the advantage of employees' opinions and local coverage.

[englishman26]

I have a pet monkey. He likes to throw darts so I wrote letters on a dart board and he throws 4 darts. Usually he misses the board at least once and get my three letter symbol and I'm ready to trade.

Oh that and read IBD, wall street journal, Business Week, thestreet.com, and many many other websites. I use technicals to trade good stocks that I like for fundemental reasons.

I tend to trust the monkey more though and he's much quicker.

[MoMoney4Me]

I prefer the the products and services available from Value Line available here : https://www.ec-server.valueline.com/products/product.html
The ETF survey and Investment survey

I also subscribe to IBD e Tables and Investors.com
http://www.investors.com/IBDStore/

Weekly service to Barron's online
http://online.barrons.com/public/main

Morningstar's premium content
http://www.morningstar.com/

You'll also find some valuable info for free on Forbes, Marketwatch, CNN Money, MSN Money, Yahoo Finance, and Standard and Poors websites.

And you guys here on cramersmadmoney.com often have had ideas that top all the lists :D

[BuyOnDips]

I like searching yahoo's Industry Center. Just click on the sector you want research.

http://biz.yahoo.com/ic/ind_index_alpha.html

Once you are on the sector industry page, then click the industry browser link on the upper left hand side of the page.

Here's the listing of apparel stores.
http://biz.yahoo.com/p/730conameu.html

Then you can click on each company to find out the latest information about the stock.

MSN has lists of stocks that are prescreened to various parameters which can give you stock leads.
http://moneycentral.msn.com/investor/StockRating/srstopstocks.asp

[aiki14]

This is strictly for trading.
I screen for large moves with anomalous volume, big pretrade moves on no or little news, then around 1pm I short them.
I look for high volume up trends from open with little or no pretrade up moves, go in long around 10 or 1030. I am on the board every second I have a position in case I need to move out.
And I am opportunistic if something is moving either way and I see it. I track 240 stocks at a time in real time. I attached a pretty poor pic I took with my phone this morning, That's us on the left.

[MoMoney4Me]

This is strictly for trading.
I screen for large moves with anomalous volume, big pretrade moves on no or little news, then around 1pm I short them.
I look for high volume up trends from open with little or no pretrade up moves, go in long around 10 or 1030. I am on the board every second I have a position in case I need to move out.
And I am opportunistic if something is moving either way and I see it. I track 240 stocks at a time in real time. I attached a pretty poor pic I took with my phone this morning, That's us on the left.

Great strategy aiki.
It's more than I have knowledge of or time to master, but from the looks of your past performance on VSE you're doing very well for yourself.

[Ghost]

I am on the board every second I have a position in case I need to move out.
What online broker do you use?

[aiki14]

What online broker do you use?

E*Trade and Merrill Lynch, through the Thompson Workstation.

[Luc1Grunt]

Very good posts and thanks for the feedback.

My hypothesis was that screens and stock selection were very limited on this forum. Especially in light of the number of folks jumping into things like BKHM where the only reason for selecting the stock was a bandwagon / lemming approach or putting full faith and confidence in someone else's picks.

There are many ways to find stocks...your hairdresser, milkman, cable tv guy, magazines, stock selection services etc.

But if you are going to trade short term, a person really needs to understand what it is they are looking for and then how to trade it. It's amazing how picks on a forum can generate so muck interest. When the stock dies, group think changes the short term pick into a long term investment. "At least I am in a group of losers, so I don't really have to take full responsibility". Hey, it's human nature.

Momentum plays.....how do you find the movers?

Bottom feeders / revearsals......what is the criteria and what indicators place the odds in YOUR favor.

Pink sheet crap with continuous press releases....what is the buzz in other forums? They can point you to quick gains, just get a chair before the music stops.

Investments.....PE/PEG ratios, market cap, dividend yield, operating cash etc.

Thanks for those who have posted.....what about the other 2000 "lurkers"?

Just some random musings to think about.

[Svenwulf]

so earnings are obvious. lemmie try something else: s&p debt ratings. i troll the terrible s&p page every night, surprising how much they can tell you about companies. but a basic idea would be to buy anything catching an improved/ reaffirmed rating or increased ceiling, and sell anything that gets a downgrade. i will skip the econ 101 lesson on debt, market cap and share price, but in layman's terms s&p is like a credit report of a company. or for homeowners, the more your house is worth, the more you can borrow against it. very simplified.

[TonyM]

As some of you kow, I like to play the oil patch exclusively. I keep an eye on the data that has an affect on them specifically and watch their trading patterns and look for anomalies where one in the group is acting counter-trend, which can sometimes offer a good opportunity. Lately I've been looking at patterns such as a quick rise in pps before 10 am where 30 -50 cents can be had pretty quickly in a stock such as cvx on a lot of days.

I also look at the price points from 2nd level resistance through 2nd level support and look to trade somewhere between them, eg: enter at 2 ls and put a trailing stop on once the 1ls is passed and expect to exit by the pivot point or 1 lr depending on volatility, macd and time of day (this is for a daytrade)

Watching a basket of same sector stocks trade on a a daily basis over a few months, I think is a good way to spot probabilities for daytrading them.

If it's a long position I like the strongest in the group, if it's a short then the weakest seems to be the best bet. In energy the powerhouses like xom and cvx can be surprising in their resiliency against bad news and make for a frustrating short at times.

[BuyOnDips]

Marketwatch after hours screener is a great place to find potential bargains or movers. Just click on the change % column to find the big winners/losers in the after hours session. You can do research on the movers in the evening and play them in the morning for a day trade, swing trade or even long term buy.

http://www.marketwatch.com/tools/stockresearch/screener/afterhours.asp?siteid=mktw

[mlegha1]

Marketwatch after hours screener is a great place to find potential bargains or movers. Just click on the change % column to find the big winners/losers in the after hours session. You can do research on the movers in the evening and play them in the morning for a day trade, swing trade or even long term buy.

http://www.marketwatch.com/tools/stockresearch/screener/afterhours.asp?siteid=mktw

Interesting approach I am going to follow a few stocks tomrrow according to this and see how it goes.

As far as my approach goes, I try to read a lot, seekingalpha,marketwatch,thestreet and a lot of blogs from traders all over the place. Just try to get a feel of what others are looking at what others are trading and why.Then basically trade anything I think will make me money.

[optimus25]

I read a lot:
-Business Week, Forbes, Kiplingers, IBD (for momentum plays)
I watch CNBC and listen to it on XM
I follow 500+ stocks on scottrader.

On a fundamental basis I look at Return on Equity, PE, Good earnings growth, good earnings momentum. Once I find a stock on IBD, I'll research it on the internet looking at the ROE, PE, Earnings growth etc. vs its peers.

On reversal plays, I watch the volume on a dropping stock. On big distribution days you'll see the volume spike. I'll usually wait for the volume to quiet down before I jump into the stock. Of course the stock has to be a solid company, its difficult to do this with penny stocks. I've had luck doing this with MRK, BMY, DELL, CTXS, averaging around 40% on reveral plays on a > 1 year hold.

[Luc1Grunt]

Great posts. Hopefully some folks new to investing/trading can make use of it. :D

[optimus25]

Its funny because no matter how good your research is though, it sometimes won't move if the street doesn't like it. I liked REITs early in 2002 because of the yields and rising property values. Most of the returns in that sector was made the past couple of years. I had to sit on the stocks HPT, VNO, & HRP for a couple of years before they started moving.

Sometimes you need to have the foresight to spot the trends and this takes keeping up with the market and the economy and staying committed to your ideas. Of course, this is relevant to long term investing vs. trading.

Trading and market timing is a little more difficult...actually a lot more difficult. Rising markets inflate our egos and makes us too overconfident with our abilities as stock pickers.

[TonyM]

Trading and market timing is a little more difficult...actually a lot more difficult. Rising markets inflate our egos and makes us too overconfident with our abilities as stock pickers.


Agreed, trading is more difficult. Though I have found that keeping the greed factor in check makes it less so.

[robvia]

E*Trade and Merrill Lynch, through the Thompson Workstation.
What is the Thompson Workstation? I looked it up but couldn't find what you are using. Is the terminal on the right done thru E-Trade? And is it software you loaded?
I'd like to have something where I can scroll thru a bunch of stocks seeing the 3 month charts so I can go bottom fishing.

[aiki14]

What is the Thompson Workstation? I looked it up but couldn't find what you are using. Is the terminal on the right done thru E-Trade? And is it software you loaded?
I'd like to have something where I can scroll thru a bunch of stocks seeing the 3 month charts so I can go bottom fishing.

The workstation is part of the Thompson Financial platform. It is stand alone with the software preloaded. It requires a T1 and service is a bit pricey. I trade through E*Trade in the standard way and Merrill Lynch through Thompson. The screen on the right is the Thompson Main screen, which I have set up to track my stocks, display the Dow Jones Newswire, and show the equity order screen. It can display real time quotes on 600 stocks or Indices.

[Imperator]

I typically watch CNBC, read thestreet.com, The Economist, and some forums.

Finance Yahoo and my tools on TD Ameritrade to screen and do research. TheStreet.com and S&P Research reports.

[bahroor]

The workstation is part of the Thompson Financial platform. It is stand alone with the software preloaded. It requires a T1 and service is a bit pricey.

why on earth do they require a T1 line? just curious. cable isn't fast enough??

[Kitara_77]

This is an awesome thread. Usually people don't like share their strategies, so it's nice that this board isn't like that.

As for me...I'm still trying to find my niche. I like 2 - 5 dollar stocks for trading. I own some investment properties and my criteria for picking those is much different. They are my oil stocks and higher priced tech stocks plus some financial banks.

For trading, I look for volume over 100K, small to mid cap, good balance sheet, no news, return on managment effictiveness must be above 0%, and PE below 10. Then I take the results from those and use bigcharts.com to look at the 2 year weekly and 2 month daily charts. If the stock is in an uptrend and doesn't have high volitality around the earnings report I do further research. It also must have more positive earnings than negative. I like ones that have had at least 3 upward earnings. Then I go to marketwatch.com and see the latest insider trading thats been done on it. I also check it against a couple more sites for ratings and such if they are available. Then I will look at the message board associated with the stock. I know this sounds funny, but if there is at least one negative guy on there but he's been on the message board forever, then I tend to buy it. Especially if it's been a mover, still in an uptrend, but has played sideways for a month or so. I also favor certain sectors more than others. I work in the tech industry so I like to follow those types the most.

It hasn't always worked in my favor, but I am continuing to tweak. I use TA for entry points. Slow stoch is one of my favorites for all time frame charts.

[robvia]

So I'm wondering, are there any programs that let you download data and look at 3 month charts quickly?

It takes too long to click each stock in a web page portfolio. I want to be able to just push a button over and over and review a list seeing which stocks have dipped.

[Luc1Grunt]

Try prophet.net.

[Rich]

Very good posts and thanks for the feedback.
Thanks for those who have posted.....what about the other 2000 "lurkers"?

Just some random musings to think about.

I’m new at investing/trading, but I have learned a great deal these last six months I've decided to learn from the history/experiences of others. My losses in the last six months have been just $65 with a $10K investment, and a 11% gain. However, I haven't cashed in anything yet, its all on paper.

Luc, I lurk because I'm learning; and I might add that I'm learning a great deal from some people here on this forum, Mad Money, FastMoney, personal reading, surfing links on the market terms, etc etc.

One thing I learned was the biggest thing I was doing wrong is coming here and other places and asking people what they thought a certain stock was going to do, but with any answer my analytical mind would ask ‘why’ over and over again. Picking stocks is a science in itself, obey the laws of that science and you live in a controlled atmosphere, and when something goes wrong you know what to do to correct the situation; and what not to do the in the next investment/trade.

Second thing I've learned is to STUDY, STUDY and MORE study ! Cramer is right, DO HOMEWORK, TAKE little steps starting out, learn from the mistakes. One day I will be a great investor, I absolutely know it because it’s the first time in a very long time where I have been challenged to discover the science and mathematical formulations of investments.

How did I pick my stocks since coming here? Reading and I listen to Cramer, Fast Money and other shows and forums, and some personal emails with a few here on this forum. I review their picks and choose the ones that portray a conservative base since I’m new at this. Only a fool would dive in the ocean over their heads with sharks around if they just starting to learning how to swim and don't know what sharks are. Day trading at this time in my education and experience is way over my head for me; I still need to learn what makes the market work and why certain stocks are winners/losers. Every day I notice my understanding and experience is improving and I'm getting a better grip on this new venture. Its much like sailing on an ocean, you have to plan your trip, know where your going, how long it may take, what to do if your plans go astray, set a course, know when to head back to port before a storm threatens your boat and cargo. Hopefully with good planning and knowledge your cargo will bring a great reward when it arrives in port. It’s just common sense that the odds are better in one’s favor if one knows how to sail, knows what threatens their ship and cargo; long before they set out to deep sea.

Sorry for the long post and the simplistic examples; it’s just the way I think things out.

Rich'

[optimus25]

Rich,

Starting out is always very exciting but you're gonna have to earn your stripes if and when we start experiencing corrections. I started in 1999 and I thought I was the best investor in the world after experiencing 100%-500% gains on stocks. The the Bear Market humbled me. The lesson I learned is that a gain is not a gain until you sell the stock and take profit.

After you finish Cramer's book, I suggest reading up on the classics:
-Reminiscence of a Stock Operator
-The Intelligent Investor
-The Making of an American Capitalist

Those are my favorites. I started trading penny stocks using a rudimentary form of technical analysis. I use to look for stocks with long bases of 6 months to 2 years. The base action signaled to me that the stock was under accumulation and that one day these stocks would take off. I drew a line from the tops of each pattern playing connect the dots and finding out where the breakout would occur. Lol. I have great memories. I didn't stick to that strategy because I wanted to know about stocks and learn why the street loved some and hated some.

To make a long story short. I really enjoy the stock market and all the things I've experienced to get to where I am at today. Don't let anyone discourage you and keep your head in the game no matter what. Investing is a life long process.

Good luck.

[Luc1Grunt]

I’m new at investing/trading, but I have learned a great deal these last six months I've decided to learn from the history/experiences of others. My losses in the last six months have been just $65 with a $10K investment, and a 11% gain. However, I haven't cashed in anything yet, its all on paper.

Luc, I lurk because I'm learning; and I might add that I'm learning a great deal from some people here on this forum, Mad Money, FastMoney, personal reading, surfing links on the market terms, etc etc.

One thing I learned was the biggest thing I was doing wrong is coming here and other places and asking people what they thought a certain stock was going to do, but with any answer my analytical mind would ask ‘why’ over and over again. Picking stocks is a science in itself, obey the laws of that science and you live in a controlled atmosphere, and when something goes wrong you know what to do to correct the situation; and what not to do the in the next investment/trade.

Second thing I've learned is to STUDY, STUDY and MORE study ! Cramer is right, DO HOMEWORK, TAKE little steps starting out, learn from the mistakes. One day I will be a great investor, I absolutely know it because it’s the first time in a very long time where I have been challenged to discover the science and mathematical formulations of investments.

How did I pick my stocks since coming here? Reading and I listen to Cramer, Fast Money and other shows and forums, and some personal emails with a few here on this forum. I review their picks and choose the ones that portray a conservative base since I’m new at this. Only a fool would dive in the ocean over their heads with sharks around if they just starting to learning how to swim and don't know what sharks are. Day trading at this time in my education and experience is way over my head for me; I still need to learn what makes the market work and why certain stocks are winners/losers. Every day I notice my understanding and experience is improving and I'm getting a better grip on this new venture. Its much like sailing on an ocean, you have to plan your trip, know where your going, how long it may take, what to do if your plans go astray, set a course, know when to head back to port before a storm threatens your boat and cargo. Hopefully with good planning and knowledge your cargo will bring a great reward when it arrives in port. It’s just common sense that the odds are better in one’s favor if one knows how to sail, knows what threatens their ship and cargo; long before they set out to deep sea.

Sorry for the long post and the simplistic examples; it’s just the way I think things out.

Rich'

Great post!!

[aiki14]

Great posts by Rich and Optimus.
I think folks will be well served by the sentiments expressed there in.

[Rich]

Thanks all,

I agree that the bull market is around the corner somewhere, thats one reason I'm not climbing 50 feet high on a ladder of investments, I'm only a few feet and when it does correct or turn down I will get a bruise and not a broken hip or worse.

Bahroor and others have emailed me in the past and helped me a great deal. Heck, I couldn't even understand the different types of charts there were six weeks ago! Bahroor got me on real time charts which I didn't know existed LOL I was using Yahoo to make sales and using Market orders, its amazing I didn't loose 30%!!

I'm a slow reader but I will certainly look into those books that were suggested. Right now I'm into Cramers newest book and a book on "Technical Analysis". Studying this stuff is like a first year med student too me :-) But, over time I will at least be able to converse inteligently with the masters here, and hopefully show some fruits of my labors.

I WANT TO THANK EVERYONE HERE WHO HAS BEEN SO HELPFUL towards me and others who come here with the typical "What do you think about this stock" mentality.... When a novice starts to look into books like Technical Anyalysis, they start to understand that there is no magic wand, and everyones opionion is just that and nothing more unless they do HOMEWORK.

Thanks to all. I hope for all here we make some MAD and REAL gains in our life. Many already have, I intend too.

Rich

[Rich]

Rich,

I started trading penny stocks using a rudimentary form of technical analysis. I use to look for stocks with long bases of 6 months to 2 years. The base action signaled to me that the stock was under accumulation and that one day these stocks would take off. I drew a line from the tops of each pattern playing connect the dots and finding out where the breakout would occur.... I didn't stick to that strategy because I wanted to know about stocks and learn why the street loved some and hated some.


Good luck.

Optimus,

This is the stuff I i'm speaking about and desire to discuss, technique and the answer to ‘why”, which will tell us what probablity a stock will sway. I know that sometimes the stock shifts due to things unforeseen such as catastrophes, corruption and manipulation.

Your mentioned technique of the past is exactly what I was doing before I started reading and asking ‘why’ did the stock go up or down.. PLEASE correct me if I’m in error, but there isn’t anything wrong with what you did, its just that it’s so incomplete that a wise decision can not be based upon it. To me it’s like finding a rabbit hole and sitting there for months saying, ‘eventually that darn rabbits going to come out!” Or better yet, it like going to Vegas and keeping track of what numbers came up all day long on the roulette table and then betting either on those numbers or on the ones that will ‘eventually hit’. Not very scientific at all, knowing that speed, velocity of the ball, friction, air currents affecting the speed of the ball, the angle that the ball was thrown, the hardness of the rail, all come into play at which number the ball lands on. But this silly type of stock picking is used by most all the time! Gosh, I see how foolish some of the things I did and I’m sure currently do really appear LOL! Cramer, ( I know, there are some that don’t like him but he’s helped me a LOT) Cramer said over and over, charts only tell us what the company/stock has done in the past, but it tells us little about the future. However, I think charts can be used to show us patterns of a stock and possible trends, its just one tool out of many tools. Once again, PLEASE correct this ‘grasshopper’ if I’m jumping into forbidden grasses full of predators.

Thanks
Rich

[aiki14]

Chart a position of a canonball in flight.
Then pick a point on the chart soon after its fired on an upward trajectory and erase the stuff that happens after that point. The chart only tells you that what the ball has done in the past, but you have a pretty good idea it's going to continue upward. It may be a millisecond away from hitting the roof but the odds are in your favor of a continued uptrend. That's a super simplified way of justifying techynical analysis. Each metric used in TA has a predictive value, and it's up to the chartist to assign his own confidence in each metric he is going to use and employ in his matrix.

[Luc1Grunt]

Some TA techniques:

MACD fast crossed slow within last "x" days
Volume increasing/decreasing
RSI (30/14/5) below or above "X"
RSI negative/positive divergence to price action
MACD positive/negative divergence to price
Fast/Slow stochastics above/below "X"
EMA 13 crosses above EMA 26 on strong volume.
Broken uypward/downward trendlines
Cup and handle.
Basing / consolidating / range breakout
OBV increasing while RSI below 30
Breakout above/ below 50 DMA
Breakout above/below 200 DMA
Dibidend yield vs. PE
PE between "x" and "x" with dividend "x"
Stocks touching upper or lower bollinger bands
Stocks touching upper or lower linear regression lines.
Candles (long or short...reversal or continuation...bullish or bearish.

All of these methods give you stocks to choose. All of these methods "work" if you apply good money management. Some are better than others. The screen allows you to narrow the playing field to those stocks which meet indicator numbers/techniques you are comfortable with. You still have to read the chart and select the stock.....then you have to trade it IF it does what you expect on YOUR ENTRY criteria.

Bottom feeder scans can produce stocks with a
"probability" to "bounce". Not all will bounce. The potential for bounce and size of the bounce is different among them all. Finding those with the potential is the tricky part and comes through experience. THERE ARE NO GUARANTEES.

I trade from the standpoint that I need to stack the odds in my favor on every trade. In Vegas...the house maintains the odds long term. They will ALWAYS win. They don't mind paying the big winner, they will get it back in short order.

Equities / options / futures...YOU have the ability to swing the odds to the positive.

If I told you I have selection criteria that results in 72% win rate....would you be able to trade it? Unlikely. Would you choose the same stocks from the screen as I do? There are maybe 50 stocks to look at each night meeting the screening criteria and most days only 5-10 will reach my streaming watch list. Entry and exit are for another thread.

Point is this.....allow yourself the ability to find those stocks meeting the indicators you are comfortable with.

TA is very hard with pennies......you need to rely on hype and "news" inmost cases and that is not my idea of "stacking the odds". I have made money and lost with pennies and when it all shakes out....it was generally luck each time (after a serious review of the trade).

Point is this...allow yourself the ability to find those stocks meeting the indicators you are comfortable with. There is no holy grail or perfect screen. But there are effective screens and effective strategies that will stack the odds to your side. Happy Trading. :lol:

[Rich]

WHOA !!!

I'll need some time to study this stuff out; Your talking to a baby here about algerbraic equations or the hyperstatic union! LOL !!!

However, I will get too it, right after I finish Cramers book. I'm not good a multi tasking. This is a LOT of information to comprehend...

Man, another day I realize just how much I don't know.......

[stabbs]

Great posts to all. It is great when experienced players share their strategies and give us nublets some insight.

I am trying to formulate my own set of rules for buying in but I find myself getting sucked into some of the hype which 99% of the time results in a painful kick in the nuts. I find in the excitement of being a new trader, its hard to have the patience to wait for the good oppertunities- and really following my own DD.

Thanks again to everybody and keep the great info coming! :)

[Juan De la Vega Y Valdez]

I am a value investor and I read John Dorfman's column on Bloomberg.
If anyone knows of other value investing articles online, please let me know.

[Luc1Grunt]

Read all of Aikis posts.......

[brianlarsen45]

I always look for undervalued stocks through yahoo. I'm new to investing and have read Cramer's books throughly. It seems the easiest way to find them is using Yahoo's Java stock screener. Not sure if this is the best way?? but....

What I do is set the 5yr est growth to 10%-40% and set the P/E to twenty or less. So you know the stock is already trading well below growth or at least less than double growth. Then when I find something that interests me I research it further...do the Cramer..so called "homework" and if I like it and it fits in my portfolio diversification wise I will purchase it.

Please tell me what you guys/gals think of this process, since I'm new and need constructive criticism ;-)

[optimus25]

Optimus,

This is the stuff I i'm speaking about and desire to discuss, technique and the answer to ‘why”, which will tell us what probablity a stock will sway. I know that sometimes the stock shifts due to things unforeseen such as catastrophes, corruption and manipulation.

Your mentioned technique of the past is exactly what I was doing before I started reading and asking ‘why’ did the stock go up or down.. PLEASE correct me if I’m in error, but there isn’t anything wrong with what you did, its just that it’s so incomplete that a wise decision can not be based upon it. To me it’s like finding a rabbit hole and sitting there for months saying, ‘eventually that darn rabbits going to come out!” Or better yet, it like going to Vegas and keeping track of what numbers came up all day long on the roulette table and then betting either on those numbers or on the ones that will ‘eventually hit’. Not very scientific at all, knowing that speed, velocity of the ball, friction, air currents affecting the speed of the ball, the angle that the ball was thrown, the hardness of the rail, all come into play at which number the ball lands on. But this silly type of stock picking is used by most all the time! Gosh, I see how foolish some of the things I did and I’m sure currently do really appear LOL! Cramer, ( I know, there are some that don’t like him but he’s helped me a LOT) Cramer said over and over, charts only tell us what the company/stock has done in the past, but it tells us little about the future. However, I think charts can be used to show us patterns of a stock and possible trends, its just one tool out of many tools. Once again, PLEASE correct this ‘grasshopper’ if I’m jumping into forbidden grasses full of predators.

Thanks
Rich

Its funny because after using my rudimentary form of technical trading and realizing that the underlying factors related to stock appreciation had to do with the fundamentals, a light bulb came on in my head...I can use both fundamental and technical hand in hand. The fundamental can help me find stocks and the technical can help me find an entry and exit point. I'm still refining my technique and learning new things. As far back as the past year, I am trying to work on emotions and market psychology...trying to make myself a better trader/investor by removing the strong emotions inherent in stock losses and getting a stock pick right. Don't get me wrong, I'm a long term investor, but I do have a portion of my portfolio for speculating, swing trading, day trading, etc. Its what gets my blood rushing.

[optimus25]

Chart a position of a canonball in flight.
Then pick a point on the chart soon after its fired on an upward trajectory and erase the stuff that happens after that point. The chart only tells you that what the ball has done in the past, but you have a pretty good idea it's going to continue upward. It may be a millisecond away from hitting the roof but the odds are in your favor of a continued uptrend. That's a super simplified way of justifying techynical analysis. Each metric used in TA has a predictive value, and it's up to the chartist to assign his own confidence in each metric he is going to use and employ in his matrix.

Great analogy aiki. Sometimes picturing it in your head in another term really helps.

[Luc1Grunt]

Whether considering a stock based on TA or fundie analysis, always check the news and do some digging. This should be the final step (or one of the final steps) to your selection. Stocks can easily get oversold or overbought because of panic, institutional "block" trades, upgrade or downgrade by a frim etc. Look at a few stocks around earnings time. If the eanings are short of estimates but the company has strong overall fundamentals, the stock will likely take a big hit...but it WILL rebound because the intrinsic value is still there. Same holds true for large spikes in price based on hype. They will retrace and if the company is less solid financially, it will drop to a more stable price once the buying slows.

This is why you so many comments on bottom feeder stocks......TA may say a "bounce" is coming, but volume ie., interest has to be there.

Scanning for funamental factors can produce undervalued stocks. TA can get you in at a better price. I use fundamental screens for any long term holds in solid companies. TA to find the entry and project a target. Once in the "investment", use some TA to establish your stops or bail-out point (or a point to buy aditional shares).

[Rich]

Whether considering a stock based on TA or fundie analysis, always check the news and do some digging. This should be the final step (or one of the final steps) to your selection. Stocks can easily get oversold or overbought because of panic, institutional "block" trades, upgrade or downgrade by a frim etc. Look at a few stocks around earnings time. If the eanings are short of estimates but the company has strong overall fundamentals, the stock will likely take a big hit...but it WILL rebound because the intrinsic value is still there. Same holds true for large spikes in price based on hype. They will retrace and if the company is less solid financially, it will drop to a more stable price once the buying slows.

This is why you so many comments on bottom feeder stocks......TA may say a "bounce" is coming, but volume ie., interest has to be there.

Scanning for funamental factors can produce undervalued stocks. TA can get you in at a better price. I use fundamental screens for any long term holds in solid companies. TA to find the entry and project a target. Once in the "investment", use some TA to establish your stops or bail-out point (or a point to buy aditional shares).

I just printed out yours and Aiki and O? 24 ( Forgot how to spell his title after I started this reply LOL )) I'm going to disect them when I get the chance.

Thanks all

Have a great week, must be nice to have all the knowledge already and make bucks, us newbies have to learn and hold on at the same time :-)

Rich

[Luc1Grunt]

I just printed out yours and Aiki and O? 24 ( Forgot how to spell his title after I started this reply LOL )) I'm going to disect them when I get the chance.

Thanks all

Have a great week, must be nice to have all the knowledge already and make bucks, us newbies have to learn and hold on at the same time :-)

Rich

I learn something new everyday!!! There is no end to this education and I know what I don't know.

[Rich]

Luc1, Aiki14, Optimus24 and all others.

This learning curve is going too slow for me…….. time is a big restraint at this time, the other is my dyslexia, the reversing of words and numbers, its getting worse as I age.

Besides reading material, can someone suggest any good audio/visual material or seminars that actually teach you something instead of trying to sell products? Specifically teaching things like TA and other investment fundamentals? It’s usually difficult to get educational videos/audios that still maintain their accuracy.

[aiki14]

I can't help on the videos, I am just the opposite, I need things to be in writing or I won't remember it.
It does remind me of a joke however.
Did you hear about the Agnostic, insomniac, dyslexic? (repeat that in your head a couple times Agnostic, insomniac, dyslexic)

He stayed up all night pondering the existence of dog.


I apologize to all I have no doubt offended. It's the only agnostic joke I know, and its correlated to insomnia and dyslexia, the mention of which brought it to mind.

[Rich]

I can't help on the videos, I am just the opposite, I need things to be in writing or I won't remember it.
It does remind me of a joke however.
Did you hear about the Agnostic, insomniac, dyslexic? (repeat that in your head a couple times Agnostic, insomniac, dyslexic)

He stayed up all night pondering the existence of dog.




This is why I like video/audio, I don't get it , seriously, is this one of those Eastern KunFu jokes? :-)

[aiki14]

This is why I like video/audio, I don't get it , seriously, is this one of those Eastern KunFu jokes? :-)

No it's a western unfunny joke. I'll stick to market commentary and leave the comedy to watchtv and cornerz.

[Rich]

No it's a western unfunny joke. I'll stick to market commentary and leave the comedy to watchtv and cornerz.


Ok, but my wife will be mad when I wake up in the middle of the night because I finally got it .......

Later,

Rich

[Svenwulf]

so ive been digging trying to find some videos. i like to mix reading and videos; helps me see things other ways. i found some very good macro/ fundemental videos, but nothing really for trading. i can't really endorse it, but puretick.com has some decent chart videos. i find i do better when i look less at charts, but this could be a start. anyone else?

[Luc1Grunt]

Intraday....

plot support 1-4 and resistance 1-4.
Plot pivot.
plot mid support and resistance depending range
monitor increasing volume around these points.
If a move through and a quick retrace to the point...watch volume. If it builds, trade in the direction of the cross.

Gaps....gets tricky if your goose is a big gapper. Whatever stock you watch, gather some history of how it handle the gap. Some stocks fade the gap over 80% of the time. These are usually easy money if you don't get gready.

10-15 cent moves on a thousand shares. Estbalish your risk to reward and never place mechanical stops.

Scan for day/intraday stocks:

Stocks that average 1% volatility a day average.
Stocks that average over 8 million shares a day.
Stocks that are shortable (critical).

watch for intraday triangles...these add tremendous power to S/R/P
Check the news
Check for any earnings surprises.
Don't hold overnight, ever.
Check the news
Watch the owning market (DJIA/NAZ/S&P/Russel) trend...be very careful of trading counter trend

[TonyM]

Intraday....

plot support 1-4 and resistance 1-4.
Plot pivot.
plot mid support and resistance depending range
monitor increasing volume around these points.
If a move through and a quick retrace to the point...watch volume. If it builds, trade in the direction of the cross.

Gaps....gets tricky if your goose is a big gapper. Whatever stock you watch, gather some history of how it handle the gap. Some stocks fade the gap over 80% of the time. These are usually easy money if you don't get gready.

10-15 cent moves on a thousand shares. Estbalish your risk to reward and never place mechanical stops.

Scan for day/intraday stocks:

Stocks that average 1% volatility a day average.
Stocks that average over 8 million shares a day.
Stocks that are shortable (critical).

watch for intraday triangles...these add tremendous power to S/R/P
Check the news
Check for any earnings surprises.
Don't hold overnight, ever.
Check the news
Watch the owning market (DJIA/NAZ/S&P/Russel) trend...be very careful of trading counter trend

Disregarding the third rule from the bottom can be a real ballbreaker unless your stock is in a full bull mode sector.

[Svenwulf]

awesome post luc! i think for intraday play, one should generate a list of pre selected companies, a basket, that is comfortable and stable. get to know the companies and how they trade. makes the news/ surprise checks faster, and often times keeps you out of bad trades (not paying up for a pump, etc)

[Luc1Grunt]

awesome post luc! i think for intraday play, one should generate a list of pre selected companies, a basket, that is comfortable and stable. get to know the companies and how they trade. makes the news/ surprise checks faster, and often times keeps you out of bad trades (not paying up for a pump, etc)


Absolutely right!

Best advice I ever received for intraday trading: Find one stock, watch it every day until you learn how it behaves, start with small lots, and progress as success warrants.

Risk/reward and money management can be tough, but discipline wil get you through. Keep a journal and visit it weekly or monthly. Write down your mistakes because YOU are RESPONSIBLE for any bad trades.

Overnight holds on day trades have cost me, had to learn that lesson early. Didn't break my account, but losing 2 large within 3 minutes of the open is not fun when you are short during an upgrade or vice versa.

Happy trading.:lol:

[Jazen]

Damn that's all quite complicated.
Dartboard works best.

[bahroor]

871

[Luc1Grunt]

Great post Bahroor.

Candles...don't leave home without it!

[Svenwulf]

Damn that's all quite complicated.
Dartboard works best.

exactly!

btw- nice pictograph bahroor.

[Luc1Grunt]

Damn that's all quite complicated.
Dartboard works best.

Not really complicated at all. Understanding of chart patterns comes through time, but makes life easier. Understanding basic candles is important, and again make life easier. Understanding what a stock does near S/R/P with or without volume takes time, but again...helps stack the odds in your favor.

Darts are nice...if you are a great, practiced, disciplined dart thrower.

Blackjack is nice: Count cards and make a fortune...that's the only advantage you will get over the house.

The more you know and understand the greater the likelyhood you can keep the odds on your side.

The above screen is about as basic as it gets...and it's still very effective. Just have to do what it takes to stack the odds.. Happy Trading. 8)

[gotcramer?]

Absolutely right!

Best advice I ever received for intraday trading: Find one stock, watch it every day until you learn how it behaves, start with small lots, and progress as success warrants.

Risk/reward and money management can be tough, but discipline wil get you through. Keep a journal and visit it weekly or monthly. Write down your mistakes because YOU are RESPONSIBLE for any bad trades.

Overnight holds on day trades have cost me, had to learn that lesson early. Didn't break my account, but losing 2 large within 3 minutes of the open is not fun when you are short during an upgrade or vice versa.

Happy trading.:lol:


Great advice, know your stock. Overnight holds in pennies could, and many times do, end up being weekly, monthly holds. Not good.

In pennies, don't go hog wild and buy half the O/S. Liquidity is important. You might end up with a $50,000 position but if you can't get filled it might quickly become a $500 POS.

[Luc1Grunt]

Thought I would "bump" this to the top. Seems we have some new folks who may benefit from the posts (200ma/50 ma cross etc.)

Remember, investing and trading usually take on very different strategies and targets. Unfortunately, some "trades" become "investments" if exits are not planned/executed.

scalps
Intraday swings
day trade
swing trades
posisition trades
short term investments
mid term investments
long term investments

All require somewhat different strategies. All require different "hands-on" time spent. All require different "due dilligence"

Day trade horizons = more screen time therefore should produce more "income"

Long term investments require more fundamental analysis and then less effort/time behind the screen once executed (more passive).

Swings = middle ground if you can commit the time and have the psycholigical strengths to work the tradethrough it's duration.

[Luc1Grunt]

I’m new at investing/trading, but I have learned a great deal these last six months I've decided to learn from the history/experiences of others. My losses in the last six months have been just $65 with a $10K investment, and a 11% gain. However, I haven't cashed in anything yet, its all on paper.

Luc, I lurk because I'm learning; and I might add that I'm learning a great deal from some people here on this forum, Mad Money, FastMoney, personal reading, surfing links on the market terms, etc etc.

One thing I learned was the biggest thing I was doing wrong is coming here and other places and asking people what they thought a certain stock was going to do, but with any answer my analytical mind would ask ‘why’ over and over again. Picking stocks is a science in itself, obey the laws of that science and you live in a controlled atmosphere, and when something goes wrong you know what to do to correct the situation; and what not to do the in the next investment/trade.

Second thing I've learned is to STUDY, STUDY and MORE study ! Cramer is right, DO HOMEWORK, TAKE little steps starting out, learn from the mistakes. One day I will be a great investor, I absolutely know it because it’s the first time in a very long time where I have been challenged to discover the science and mathematical formulations of investments.

How did I pick my stocks since coming here? Reading and I listen to Cramer, Fast Money and other shows and forums, and some personal emails with a few here on this forum. I review their picks and choose the ones that portray a conservative base since I’m new at this. Only a fool would dive in the ocean over their heads with sharks around if they just starting to learning how to swim and don't know what sharks are. Day trading at this time in my education and experience is way over my head for me; I still need to learn what makes the market work and why certain stocks are winners/losers. Every day I notice my understanding and experience is improving and I'm getting a better grip on this new venture. Its much like sailing on an ocean, you have to plan your trip, know where your going, how long it may take, what to do if your plans go astray, set a course, know when to head back to port before a storm threatens your boat and cargo. Hopefully with good planning and knowledge your cargo will bring a great reward when it arrives in port. It’s just common sense that the odds are better in one’s favor if one knows how to sail, knows what threatens their ship and cargo; long before they set out to deep sea.

Sorry for the long post and the simplistic examples; it’s just the way I think things out.

Rich'


This is a great post all around. Many can learn from it in many different ways.

[Spa City Hawg]

This is a great post all around. Many can learn from it in many different ways.

This was a great find. Lots of incite.

[netwrangler]

I trade options on top of my investments. So the questions are:

1) How do I get my investments?
I sift through macro-economic data from as many sources as I can muster.
I subscribe to Barron's; WSJ; Value Line; Morningstar; IBD; The New Yorker; and the NY Times.
(For those of you who think The New Yorker is just a liberal rag, and of no macro-economic value...well, keep thinking that. I'll have information that you don't. :p )

In addition I watch TV, read magazines and books, and, in general, try to keep current.
2) How do I select my trades?
When I came to this forum, I was a covered call investor. Having been beguiled by this forum's members, I find myself, buying protective puts, entering into costless collars, and setting up straddles as opportunity may present them.

I am working, with Luc1Grunt's able assistance, to develop one or more "systems" to codify the above deviations from covered calls.
Stay tuned....
Never a dull moment on the OTF :D

[Luc1Grunt]

This is strictly for trading.
I screen for large moves with anomalous volume, big pretrade moves on no or little news, then around 1pm I short them.
I look for high volume up trends from open with little or no pretrade up moves, go in long around 10 or 1030. I am on the board every second I have a position in case I need to move out.
And I am opportunistic if something is moving either way and I see it. I track 240 stocks at a time in real time. I attached a pretty poor pic I took with my phone this morning, That's us on the left.

so earnings are obvious. lemmie try something else: s&p debt ratings. i troll the terrible s&p page every night, surprising how much they can tell you about companies. but a basic idea would be to buy anything catching an improved/ reaffirmed rating or increased ceiling, and sell anything that gets a downgrade. i will skip the econ 101 lesson on debt, market cap and share price, but in layman's terms s&p is like a credit report of a company. or for homeowners, the more your house is worth, the more you can borrow against it. very simplified.

As some of you kow, I like to play the oil patch exclusively. I keep an eye on the data that has an affect on them specifically and watch their trading patterns and look for anomalies where one in the group is acting counter-trend, which can sometimes offer a good opportunity. Lately I've been looking at patterns such as a quick rise in pps before 10 am where 30 -50 cents can be had pretty quickly in a stock such as cvx on a lot of days.

I also look at the price points from 2nd level resistance through 2nd level support and look to trade somewhere between them, eg: enter at 2 ls and put a trailing stop on once the 1ls is passed and expect to exit by the pivot point or 1 lr depending on volatility, macd and time of day (this is for a daytrade)

Watching a basket of same sector stocks trade on a a daily basis over a few months, I think is a good way to spot probabilities for daytrading them.

If it's a long position I like the strongest in the group, if it's a short then the weakest seems to be the best bet. In energy the powerhouses like xom and cvx can be surprising in their resiliency against bad news and make for a frustrating short at times.

I read a lot:
-Business Week, Forbes, Kiplingers, IBD (for momentum plays)
I watch CNBC and listen to it on XM
I follow 500+ stocks on scottrader.

On a fundamental basis I look at Return on Equity, PE, Good earnings growth, good earnings momentum. Once I find a stock on IBD, I'll research it on the internet looking at the ROE, PE, Earnings growth etc. vs its peers.

On reversal plays, I watch the volume on a dropping stock. On big distribution days you'll see the volume spike. I'll usually wait for the volume to quiet down before I jump into the stock. Of course the stock has to be a solid company, its difficult to do this with penny stocks. I've had luck doing this with MRK, BMY, DELL, CTXS, averaging around 40% on reveral plays on a > 1 year hold.

This is an awesome thread. Usually people don't like share their strategies, so it's nice that this board isn't like that.

As for me...I'm still trying to find my niche. I like 2 - 5 dollar stocks for trading. I own some investment properties and my criteria for picking those is much different. They are my oil stocks and higher priced tech stocks plus some financial banks.

For trading, I look for volume over 100K, small to mid cap, good balance sheet, no news, return on managment effictiveness must be above 0%, and PE below 10. Then I take the results from those and use bigcharts.com to look at the 2 year weekly and 2 month daily charts. If the stock is in an uptrend and doesn't have high volitality around the earnings report I do further research. It also must have more positive earnings than negative. I like ones that have had at least 3 upward earnings. Then I go to marketwatch.com and see the latest insider trading thats been done on it. I also check it against a couple more sites for ratings and such if they are available. Then I will look at the message board associated with the stock. I know this sounds funny, but if there is at least one negative guy on there but he's been on the message board forever, then I tend to buy it. Especially if it's been a mover, still in an uptrend, but has played sideways for a month or so. I also favor certain sectors more than others. I work in the tech industry so I like to follow those types the most.

It hasn't always worked in my favor, but I am continuing to tweak. I use TA for entry points. Slow stoch is one of my favorites for all time frame charts.

Great posts to all. It is great when experienced players share their strategies and give us nublets some insight.

I am trying to formulate my own set of rules for buying in but I find myself getting sucked into some of the hype which 99% of the time results in a painful kick in the nuts. I find in the excitement of being a new trader, its hard to have the patience to wait for the good oppertunities- and really following my own DD.

Thanks again to everybody and keep the great info coming! :)

Great posts by some great folks. Wish some of them were still here and posting. I was searching a response when i stumbled back on this thread. Where's Sven and TonyM? I enjoyed their content and insight.

Hard to believe it was a year ago.

Great content for those new at this.

Maybe some additional content from those new to the board, but experienced at trading?

Keep the thread on track.

[aiki14]

Great posts by some great folks. Wish some of them were still here and posting. I was searching a response when i stumbled back on this thread. Where's Sven and TonyM? I enjoyed their content and insight.

Hard to believe it was a year ago.

Great content for those new at this.

Maybe some additional content from those new to the board, but experienced at trading?

Keep the thread on track.

A common thread to the thread, READ, RESEARCH, PLAN. Every successful trader/investor I know does these things. It should also be noted that nobody answered "I use a tout service".

[wallstreetsedge]

i mainly trade options so heres what i look for...

price - look for stocks trading above a certain $ point so that .5% can cover the spread

volume - looking for stocks trading with volume of 1mm+, if none of the stocks meet my criteria i check 750k then 500k

volatility - look for stocks that historically can move 6%+ up/down combined

momentum - look for movements in 1 direction on very low volume


the rest are combos in various rsi, sma, ema, macd and some candlesticks

i take most things to the grave so i wont really elaborate ;) but my method is very simple and extremely effective as you all know

[aiki14]

i take most things to the grave so i wont really elaborate ;) but my method is very simple and extremely effective as you all know

You mean as you have said, and we know what that's worth.

[Luc1Grunt]

i mainly trade options so heres what i look for...

price - look for stocks trading above a certain $ point so that .5% can cover the spread

volume - looking for stocks trading with volume of 1mm+, if none of the stocks meet my criteria i check 750k then 500k

volatility - look for stocks that historically can move 6%+ up/down combined

momentum - look for movements in 1 direction on very low volume


the rest are combos in various rsi, sma, ema, macd and some candlesticks

i take most things to the grave so i wont really elaborate ;) but my method is very simple and extremely effective as you all know

I don't really know how effective it is, so please don't include me in the phrase "extremely effective as YOU ALL know".

I posted live calls in the chat to the tune of over a g a day. Have you? Have you offered any real insight to the system other than your "opinion" of stocks?

Hey, I'm just asking some tough questions and not really trying to be mean. If you take it offensively, again...many flowers and apologies.

[wallstreetsedge]

i believe ive posted live in chat also walking trades through over the phone with a couple of people on here

i havent really elaborated on what i use to determine direction, entry, and exit but i do offer entries and exit and mention a couple of the general indicators i use.

since some people also dont believe it, what ill do is starting next week, ill post screen shots of trade executions at the end of each trading day for one of my trading accounts. ill just use paint and white out the account number and cash available.. and ill show you what i can do using 15-20k per trade

shall we start a seperate thread?

[aiki14]

i believe ive posted live in chat also walking trades through over the phone with a couple of people on here

i havent really elaborated on what i use to determine direction, entry, and exit but i do offer entries and exit and mention a couple of the general indicators i use.

since some people also dont believe it, what ill do is starting next week, ill post screen shots of trade executions at the end of each trading day for one of my trading accounts. ill just use paint and white out the account number and cash available.. and ill show you what i can do using 15-20k per trade

shall we start a seperate thread?

Why does OTF appear in your signature/disclaimer, are you implying an affiliation of some sort?

[wallstreetsedge]

who knew it would be such a big deal with you... does it sound familiar - cough cough a shortened version of jim cramers disclaimer?

[Thierry Martin]

Why does OTF appear in your signature/disclaimer, are you implying an affiliation of some sort?

I have removed the references to OTF in WSE's signature - this was not authorized by us.

[aiki14]

who knew it would be such a big deal with you... does it sound familiar - cough cough a shortened version of jim cramers disclaimer?

You know me Kenny, just out to get you.

[wallstreetsedge]

i know right! lol :thefinger:

so how about a separate thread containing executed trades for each trading session? would that put a smile to your face?

[aiki14]

i know right! lol :thefinger:

so how about a separate thread containing executed trades for each trading session? would that put a smile to your face?

I don't care what you post, or what you do. Screen shots and all are over my head, but I imagine they could be faked. You're a broker, which means you're a salesman, and you'll do what is necessary to get people to believe you can make them money.
I imagine you've resorted to this because you're on your 4th job in 20 months.

[wallstreetsedge]

lol believe what you may

anyone who works with imaging can see if theyre fake...

also, simply match up the date/time with your time and sales.. wouldnt that uncover dirty little lying? now you can see them UP TO THE SECOND


cant we all just get along?

[wallstreetsedge]

btw aiki theres room for everyone on here, no need for petty arguments which is why im choosing to post the screen shots

id rather have you keep quiet about my posts than to attack it and be in in the dark

play nie and lets hug you son of a b**** lol

[aiki14]

cant we all just get along?
You know what, we can.
This dopey contest has gotten me totally pissed. I can see that you know what you're doing. I may not agree with your way of doing things, but it is clear you have something people here can benefit from, I hope you bring it in an honest form. I will no longer engage in personal attacks.
I will still urge people to be skeptical, and to be careful in who and what they trust, because that is sensible.

[wallstreetsedge]

i agree, tahts the purpose of this forum... someone throws in an idea and other people elaborate on it :D

[Luc1Grunt]

Pretty decent site for screening based on dividends.

http://www.dividenddetective.com/

As stock prices drop, the return increases (obviously)...especially in those with consistent and stable track records of dividend payment....KO, BUD, CVX, etc, etc, etc.

Not a bad "commentary" section either.

[Luc1Grunt]

Another basis for a screen on the "investment" side of the house.


http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=Cheapest+Stocks+of+La rge%2c+Growing+Companies

[Luc1Grunt]

i believe ive posted live in chat also walking trades through over the phone with a couple of people on here

i havent really elaborated on what i use to determine direction, entry, and exit but i do offer entries and exit and mention a couple of the general indicators i use.

since some people also dont believe it, what ill do is starting next week, ill post screen shots of trade executions at the end of each trading day for one of my trading accounts. ill just use paint and white out the account number and cash available.. and ill show you what i can do using 15-20k per trade

shall we start a seperate thread?

Sedge, I don't know about those "not believing you", I'm not in that camp.

I do think what you stated above could be helpful to folks in many ways. As well as to those posting their phone numbers to your visitor page.

Please use another thread and let's keep this on topic if possible.

Grunt.

[freakscene]

i was using the forum search feature trying to find some free software that allows me to draw trendlines etc on charts when i discovered this gem of a thread.

i didnt find the answer for which i was looking, but there is really good information in this.

i also dont know if im worthy enough to contribute, but ive been playing around with faster MA's crossing above slower with, slow stoch's (39,1) fast %K crossing above 50 as confirmation. (something i read from john murphy.)

the jury is still out

:)

[netwrangler]

i was using the forum search feature trying to find some free software that allows me to draw trendlines etc on charts when i discovered this gem of a thread.

i didnt find the answer for which i was looking, but there is really good information in this.

i also dont know if im worthy enough to contribute, but ive been playing around with faster MA's crossing above slower with, slow stoch's (39,1) fast %K crossing above 50 as confirmation. (something i read from john murphy.)

the jury is still out

:)FS, my advice is to consider yourself worthy and post.

My observation is that you have been doing some work in this area and what you have learned, even if it is imperfect knowledge, would be of interest to the rest of us.
Imperfect knowledge is what all of us have, after all.
I thought that some of your recent insights into stock prospects were very interesting. I apologize for not acknowledging them at the time.

[I have to say that I enjoy your posts on stock selection more that I do your posts on politics. But, then, I'll bet you feel the same way about me. ;) ]

[freakscene]

FS, my advice is to consider yourself worthy and post.

My observation is that you have been doing some work in this area and what you have learned, even if it is imperfect knowledge, would be of interest to the rest of us.
Imperfect knowledge is what all of us have, after all.
I thought that some of your recent insights into stock prospects were very interesting. I apologize for not acknowledging them at the time.

[I have to say that I enjoy your posts on stock selection more that I do your posts on politics. But, then, I'll bet you feel the same way about me. ;) ]

Why thanks you very much, Net.

Except, I enjoy your political posts too, even if they are wrong ;) j/k

cheers

edit >> quick read on the slow stoch i was referring to above

http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:the_la st_stochastic_

K39 - The Last Stochastic Technique
A study published in "The Encyclopedia of Technical Market Indicators" found that some very good signals were given by an un-smoothed 39 period stochastic oscillator (K = 39, no signal line). A buy signal is generated when K crosses above 50% and the closing price is above the previous week's high close. Sell and/or sell short signals are created when the K line crosses below 50% and the closing price is below the previous week's low close. Taking a longer period, and not smoothing the data over a 3-period moving average allows the analyst to view Lane's Stochastic.

[tlsurfsupper]

Great thread. Very informative. Thanks.

[freakscene]

stumbled upon this

http://madscan.com << no www.

code for beta testing is lfm100

[Hondaboy]

stumbled upon this

http://madscan.com << no www.

code for beta testing is lfm100

Unable to get in unless they just change the website or I am just stupid. I am going more with the stupid part.

[rozz]

I got in by clicking the link...

[freakscene]

link still works as posted.

no www in the header of the URL

[tlsurfsupper]

Portfolio123 and Trade Ideas combined are very powerful. They can easily be used in building an automated strategy.

[BlueChipsInvestor]

Good stuff.