Kevin_in_GA
4,599 posts
msg #81903
- Ignore Kevin_in_GA
modified |
10/27/2009 9:43:23 PM
27 OCTOBER 2009
CONFIRMED BUY SIGNALS: SWM DVAX GLDD AYR
AWAITING CONFIRMATION: BAP, CFSG, GLP, RY, IBN, FUQI, CRI, GET, TSRA, WMS, CIB, SMP, DTG, SBUX, HRBN, CISG, PEGA, MELI, WYNN, ARRS, PL, RBA, PVH, HMIN, ANEN, BGFV, DRC, CFSG, EJ, AES, AZZ, CCE
SELL SIGNALS: NONE
ROUGH DAY TODAY? None of the markets were down all that much, but for some reason we got 27 hits off the IBD stocks lists (about 5% of the total). Never seen that many hits before. Probably related to earnings announcements this week.
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Kevin_in_GA
4,599 posts
msg #82014
- Ignore Kevin_in_GA |
10/29/2009 10:59:43 AM
No update for 10/28. there were 85 stocks highlighted (about 20% of the entire IBD lists). Too many to contemplate.
I'll update only with confirmed buys and sells for now, as the list is shorter.
For 10/28 there were only two confirmed buy signals - BGFV and CRI.
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Kevin_in_GA
4,599 posts
msg #82015
- Ignore Kevin_in_GA |
10/29/2009 11:01:26 AM
As of 11 AM, 57 of the 85 stocks listed as potential buys yesterday are confirmed buys. This number will change by day's end. I'll post the confirmed buys tonight.
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dm1518
15 posts
msg #82083
- Ignore dm1518
modified |
10/29/2009 11:17:01 PM
The average return today of all 85 (from last night) was 4.5%. That's exactly 2x the S&P return today!
This is my kind of screen - the key, however, is spotting the bottoms. This was the perfect dip though. The major indexes ran all the way down through the lower BB, and sure enough jumped right back up.
On that note, I'm just going to add some symbols like SSO (and on the opposite end of the spectrum - add SDS)... I'll add them to my 3rd watchlist (ibd3) -- I wonder if they'll display?? Either way, using them as a barometer of when to buy might be profitable - kinda seems like I should have been doing that previously.
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Kevin_in_GA
4,599 posts
msg #82085
- Ignore Kevin_in_GA |
10/29/2009 11:28:11 PM
Yes but would you have bought 85 stocks yesterday at the close?
Bartune1 uses the VIX (look in the Volatility Indices thread) as a signal to enter SSO/SDS, or the triples (BGU/BGZ, TNA/TZA). Look for a close of the ^VIX above or below the BB(9,2) bands.
He has been having great luck so far.
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dm1518
15 posts
msg #82094
- Ignore dm1518 |
10/30/2009 12:23:45 AM
Saw that VIX post - and I like it. Thanks for showing it to me.
Again, I don't know if anyone else has brought this idea to you, but give me your thoughts on this.
*** I'm using your BB filter on 400 of TRO's Run Forest Run's. ***
(I took the top 200 of the 4_9 column, and the top 200 of the 10_19 column)
45 stocks displayed last night, and their average today was 7% (3x higher than the S&P).
Of course, you're not going to buy all 45, but I'm sure you get my drift as to why I'd pick/buy (speculatively) out of a RFR list vs. an IBD list. I actually think the risks are greater with RFR, but we shall see.
It will be very interesting to see the result in 1 and/or 2 weeks.
Will the RFR's REALLY RUN (versus the average of the 85 from the IBD watchlist), or is that RFR list/screen all hype! :-)
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allesf
10 posts
msg #82207
- Ignore allesf
modified |
11/1/2009 6:59:16 AM
Hello Kevin,
I am new to this site, but I would like to get advice to improve my trading style.
what is the subscription for IBD list in investors.com
and in real life I guess you would employ at least 10% stop loss in the event the trade goes against you rite?
cheers,
Alles
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Kevin_in_GA
4,599 posts
msg #82218
- Ignore Kevin_in_GA |
11/1/2009 11:47:37 AM
Hello Kevin,
I am new to this site, but I would like to get advice to improve my trading style.
what is the subscription for IBD list in investors.com
and in real life I guess you would employ at least 10% stop loss in the event the trade goes against you rite?
cheers,
Alles
++++++++++++++
To subscribe to IBD, go to www.investors.com. It is NOT cheap. Easier to buy the paper every Monday for $3.
In real life, as I have indicated repeatedly throughout this thread, I DID NOT use stop losses trading this strategy. Backtesting has very compellingly indicated that this results in poorer performance for this strategy. However, if you want to try this method, trade it in whatever manner suits your needs and risk tolerance.
NOTE: I am currently out of almost all stocks, except for some volatility-based buys made late last week. I will continue to update this thread, but I no longer have investments in these stocks.
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allesf
10 posts
msg #82252
- Ignore allesf
modified |
11/1/2009 9:12:31 PM
Hello Kevin,
Thanks for your help.Thats great
I Backtested(only 1 month period) your filter with slight modifications.
this is the result I got:
There were 23 total stocks entered. Of those, 2 or 8.70% were complete and 21 or 91.30% were open.
Of the 2 completed trades, 2 trades or 100.00%resulted in a net gain.
Your average net change for completed trades was: 20.00%.
The average draw down of your approach was: -4.75%.
The average max profit of your approach was: 20.73%
The Reward/Risk ratio for this approach is: 0.00
I don't quite understand what this means
If you could shed some light on this that would be great
cheers,
Alles
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duke56468
683 posts
msg #82431
- Ignore duke56468 |
11/4/2009 3:18:32 PM
Kevin have you given up on this strategy. I think it has merit with a little tweeking
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