Jump to content

Portfolio/stock picker's leaderboard


Recommended Posts

not at the mo. not got that far advanced in my trading, yet. My current strategy is working so well, though, I don't think I'm missing much.

But I'm always learning, as it's necessary for constant improvement. And don't we need to be constantly improving in the tight world of trading?

So, tell me, how/what screeners do you use?

Link to comment
1 minute ago, SAMMYDAVID said:

not at the mo. not got that far advanced in my trading, yet. My current strategy is working so well, though, I don't think I'm missing much.

But I'm always learning, as it's necessary for constant improvement. And don't we need to be constantly improving in the tight world of trading?

So, tell me, how/what screeners do you use?

you've hit a great patch in the market cycle for longing big stocks, after the up and down of the last 2 years the market finally took off around Oct last year and has been pretty much one way since.

I don't usually trade individual stocks myself preferring instead the indices so I don't use screeners but there are many on  the forum who do and are interested in which ones are best and what parameters to set.

Link to comment

Sure. Note that I also short stocks and am making money on two: Nissan Motor and Royal Dutch Shell B.

Whilst the market may be going through a good patch, my stock selection process may be the key. For most trades - stocks, indices, FX, ETFs and so on, there are only a few I trade, that pass my selection process. By following the stategy, I'm winning. The strategy would probably still be the same in a bear market.

I'm talking about what may be the Holy Grail - picking trades that are moving in to profit, and knowing where to place the stop. Having such a strategy that follows the money, but cuts out quick when the trade becomes indecisive, is probably the dream most traders pursue.

If you look at the other trades I mentioned, you'll see they've been on a good profit run: Microsoft, Betashare Nasdaq 100 ETF, Afterpay, Mesoblast ASX (although I've recently exited), Alkane Resources, CSL, and more.

Link to comment
4 minutes ago, SAMMYDAVID said:

Sure. Note that I also short stocks and am making money on two: Nissan Motor and Royal Dutch Shell B.

Whilst the market may be going through a good patch, my stock selection process may be the key. For most trades - stocks, indices, FX, ETFs and so on, there are only a few I trade, that pass my selection process. By following the stategy, I'm winning. The strategy would probably still be the same in a bear market.

I'm talking about what may be the Holy Grail - picking trades that are moving in to profit, and knowing where to place the stop. Having such a strategy that follows the money, but cuts out quick when the trade becomes indecisive, is probably the dream most traders pursue.

If you look at the other trades I mentioned, you'll see they've been on a good profit run: Microsoft, Betashare Nasdaq 100 ETF, Afterpay, Mesoblast ASX (although I've recently exited), Alkane Resources, CSL, and more.

That sounds like good commonsense basic trading, looking for stocks that are on the move, entering with a good stop and looking to run as far as possible but getting out early if things become indecisive. Most trading books will recommend the same. Hope it keeps going well for you.

Link to comment

Yes, thanks, Caseynotes. You're correct that I look for trending trades and ride them as long as possible. It's necessary to overcome the losses.

I'm not sure that screeners can narrow down completely, what I look for, but screeners may be a good starting point. What's also key  is having a stop strategy that's neither too close, nor too wide.

  • Like 1
Link to comment
5 hours ago, SAMMYDAVID said:

I'm talking about what may be the Holy Grail - picking trades that are moving in to profit, and knowing where to place the stop. Having such a strategy that follows the money, but cuts out quick when the trade becomes indecisive, is probably the dream most traders pursue.

 

And what you'll find is that is an infuriating way to trade stocks because you will inevitably get stopped out by price spikes, situations where the price drops to a ridiculous low (or gaps low) before immediately turning again. 

As a bare minimum you should only trade individual stocks using a futures contract and have an extremely loose and distant stop.  Don't bother shorting any big-cap stocks.  Buy call options if you can.  But best of all buy real shares so you can get dividends too.  Buy and hold is the only method that has any realistic chance of success with stocks.

Edited by dmedin
Link to comment

It would be infuriating, but not for me, because I have a system that trades stocks unlikely to chop through their underlying MA. So, I ride the moment but have a close stop. Sorry, but it works! As mentioned, if you look at the recent charts of the stocks I highlighted, you'll see this to be true. Yesterday I was stopped out of Microsoft and collected about 140% profit after about 4 days (using CFDs). That's not infuriating. I'm also currently sitting on 500% profit on CSL after about 3 weeks.

Don't short stocks, you say? I'm currently sitting on 60% profit shorting Nissan Motor over two weeks, and 20% profit shorting Royal Dutch Shell B over one week!

What your saying about being stopped out would be correct if any old stock pick was used, but not for the stock picking strategy I use. And not when using CFDs, which supercharge short-term profit taking.

I wouldn't get anywhere near these same % returns on vanilla shares.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,601
    • Total Posts
      91,807
    • Total Members
      41,869
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    jasebob
    Joined 21/03/23 13:16
  • Posts

    • 🟢GBPCHF broke and closed above a major falling trend line on a daily. The broken trend line turned into a key vertical support now. Probabilities will be high, that a bullish movement will initiate from that.   Next goals for buyers: 1.1423 / 1.151 For Additional confirmation use: Leading Indicators
    • Shopify Inc., Elliott Wave Technical Analysis Shopify Inc.,(SHOP:NASDAQ): Daily Chart, 21 March 23, SHOP Stock Market Analysis: Shopify keeps moving sideways as expected, as it stays between the 20 and 200EMA. As long as we do not break the red line we can assume we will be seeing further downside.   SHOP Elliott Wave Count: Wave (iv) of {i}. SHOP Technical Indicators: At the cross of 20 and 200EMA. SHOP Trading Strategy: Waiting for a potential triangle in wave (iv). TradingLounge Analyst: Alessio Barretta     Shopify Inc., SHOP: 4-hour Chart, 21 March 23, Shopify Inc., Elliott Wave Technical Analysis SHOP Stock Market Analysis: We keep moving sideways in a three wave manner, which confirms the fact we are in a corrective structure. We are moving between the 50% and 38.2% retracement of (iii).   SHOP Elliott Wave count: Wave (iv) of {i}. SHOP Technical Indicators: Above all averages.   SHOP Trading Strategy: Looking for sideways continuation in wave (iv).
    • Elliott Wave Analysis TradingLounge Daily Chart, 21 March 23,   Ethereum/U.S.dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis  Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2943.53 Wave Cancel invalid level: 1073.42 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave III with a chance to reach the 161.8 level of wave I at 2943.53. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave III. Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA     Elliott Wave Analysis TradingLounge 4H Chart, 21 March 23,   Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2290 Wave Cancel invalid level: 1369 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave (3) with a chance to reach the 161.8 level of wave (1) at 2290. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave (3). Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish.
×
×
  • Create New...