michaelben
6 posts
msg #50895
- Ignore michaelben |
4/6/2007 9:00:54 AM
HI EVERYONE
I ALREADY TRAYING TO TRADE ALMOST 1 YEAR , WITH NO GREAT SUCCSESS CAN SOMEONE HERE GIVE ME A GOOD FILTER THAT HE USED ,THAT CAN HELP ME???
THAKS ALOT
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lockwhiz
206 posts
msg #50896
- Ignore lockwhiz |
4/6/2007 9:41:38 AM
...it's not the filter that brings success to a trader....it is learning to trade.... learn to read the charts.... understand the psychology of what makes the price move ... the interaction between price and volume. Turning points / reversals usually happen when the volume diminishes.... etc ...etc...
Muddy has a great chat room where you can follow alot of what they are doing ... Green on the Screen ...
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michaelben
6 posts
msg #50897
- Ignore michaelben |
4/6/2007 10:09:47 AM
can you give me his web
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bielyplafon
42 posts
msg #50900
- Ignore bielyplafon |
4/6/2007 12:35:19 PM
lockwhiz
- Ignore lockwhiz 4/6/2007 6:41:38 AM
...it's not the filter that brings success to a trader....it is learning to trade.... learn to read the charts.... understand the psychology of what makes the price move ... the interaction between price and volume. Turning points / reversals usually happen when the volume diminishes.... etc ...etc...
Muddy has a great chat room where you can follow alot of what they are doing ... Green on the Screen ...
---------------
The most difficult part for me is: stick to your plan
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lockwhiz
206 posts
msg #50902
- Ignore lockwhiz |
4/6/2007 2:55:17 PM
Muddy's Green on the screen
http://greenonthescreen.blogspot.com/
... he has a link to his chat room (active during trading hours)
if you want to spark some ideas for StockFetcher, check on yepher's page:
http://yepher.com/~yepher/stockfetcher/command.html
bielyplafon:
... sticking to a plan is tough ... though,TradeStation makkes it easier, as you see it all unfold before your eyes. You can program the trades to be mechanical... I am learning their tools...but it doesn't come quick enough (as usual).
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TheRumpledOne
6,411 posts
msg #50926
- Ignore TheRumpledOne |
4/7/2007 10:32:24 PM
You don't learn to trade with filters.
You learn to trade by trading the SAME STOCK over and over and over again UNTIL you "know" it like the back of your hand.
By trading ONE STOCK, you should NEVER miss the move. You need to learn when to WAIT. That's more important than entry/exit. Most of your time is going to be spent waiting anyway. You are either waiting to enter or waiting to exit. The trade itself only takes a few seconds to execute.
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michaelben
6 posts
msg #50929
- Ignore michaelben |
4/8/2007 4:09:29 AM
thanks everyone
can you TheRumpledOne tell me
how many stocks do you trade over and over again.
and also why everyone posting here there filter if they don't use it ???
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corsino
259 posts
msg #50930
- Ignore corsino |
4/8/2007 1:26:06 PM
Michaelben
I think that swing traders use filters more than daytraders.As a swing trader,I do use a few of my filters,not only to find stock possibilities, but also what sectors might be more profitable to trade in. For instance, if my sector filters show that the energy sector has a recent W/L ratio of 64/36, the consumer non-cyclical a 68/32, but the transportation sector only a 37/63 ratio,I might be more inclined to select a stock from the first two sectors.
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nikoschopen
2,824 posts
msg #50935
- Ignore nikoschopen |
4/8/2007 3:15:59 PM
@michaelben
LOL. That's a good one.
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TheRumpledOne
6,411 posts
msg #50939
- Ignore TheRumpledOne
modified |
4/9/2007 8:20:32 AM
michaelben
thanks everyone
can you TheRumpledOne tell me
how many stocks do you trade over and over again.
and also why everyone posting here there filter if they don't use it ???
============================================================================
If I am daytrading stocks manually, then I trade AAPL. Everyday, at the open, it is as if they hand out free money. I don't need to look at any other stock to make money.
By waiting patiently and being entirely focused, AAPL gives the trader the opportunity to "print" $100 bills 2, 3, 4 or more times a day, EVERYDAY. AAPL has everything I need in a stock to make money daytrading: range, volatility and volume.
Niko, you know that..LOL!! You've been to my www.paltalk.com chatroom the TWO PERCENT CLUB and heard the calls.
* COS *
There is more than one way to use the SF features:
1) for selecting stocks based on criteria;
2) for reporting the values of indicators and other measures for a watchlist;
3) backtesting.
There may be others.
I use SF for #2.
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