SFMc01
358 posts
msg #147457
- Ignore SFMc01 |
4/19/2019 2:39:44 PM
I'm A Strong Believer In using WATCHLISTS. Consequently, I create watchlists where I'm attempting to utilize the thinking of folks smarter than I am. Every day (or night) I create watchlists using Investors Business Daily, Zacks and ValueLine. I also have some of my own like Electric Utilities. Also I have developed some strategies based on the creativity of certain StockFetcher subscribers and maybe adding some thoughts of my own. I probably have developed over 200 strategies and use 10 or more each day applying them to my WatchLists. Following is a simple one which I trade every day but only with my watchlists:
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WATCHLIST(ValueLine1,ZacksStrongBuy,IBDTop200,ELECTRIC)
set{Shadow, day point range / opcl}
Shadow above 1
OPEN 2 DAY AGO BELOW EMA(100)
CLOSE 2 DAY AGO ABOVE EMA(100)
low is below ema(100)
close is above ema(100)
close ABOVE 10
volume is above 50000
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Then I utilize the following rules:
...Buy at the Open
...Sell immediately during the day if it hits 2% profit
...Sell at the end of the first profitable day ... even if only a tiny profit (I trade using margin)
I build these rules into an automated strategy which I have coded with "EasyLanguage" utilizing TradeStation as my broker. "Most" of the time I'm out in one to two days. Some days, no stocks are selected and that's why I use a bunch of strategies.
I hope sharing this approach is helpful.
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