Catching the falling knife.....hot through butter

[indahook]

Quote from Volker Knapp:

With all respect to your idea and the strategy from the web site, but you should test this strategy first. I would asume that the idea is easy to code. You could then backtest it on a portfolioor your personal portfolio called WatchList on the www.wealth-lab.com site. I would never trade a system that I have not personally backtested. To take it a step further I would not only backtest it on the selected stocks but also on a different set or the whole NASDAQ 100 stocks.

Volker, does WL allow you to create a system and run it in real time with alerts, or is it only EOD. Also how many stocks can I have scanned continually throughout the day for these conditions? Thank you

 

[iriekity]

Quote from iriekity:

Both BFUN and IUSA are working well today.

 

[Volker Knapp]

Wealth-Lab Developer 3 allows you to create a system and run it in real time with alerts. There are several options for scanning continuslly throughout the day for certain conditions with WLD3.

The web site is using EOD data only and it is for free.You can also scan for certain market conditions on the web site (free). This was created for traders that enjoy good EOD systems and like to continue trading them while on vacation in Paris .

 

[iriekity]

BFUN sold 1/2 5000K position at 1.1 keeping rest

 

[iriekity]

Looking to buy LDL

 

[iriekity]

Quote from iriekity:

Looking to buy LDL

LDL is looking good thus far
Still holding half of BFUN
Still long IUSA

 

[iriekity]

Bought PFGC at 36.58 stop at 36.29

 

[newtoet]

Quote from maggandre:

How is FMKT a stock that is down 9-10 days in a row?

disclosure - I am long FMKT from 5.64, as I think it has put in a bottom. The action today is nice, as it breaks above the 34DMA and a three day high. I am not "flaming" you, just curious as to how this fits into your parameters outlined above.

FYI - FMKT gapping up this morning on news. Good luck.

 

[iriekity]

Quote from newtoet:

FYI - FMKT gapping up this morning on news. Good luck.

FMKT has worked out very well. I am still holding these core positions.

YCC
FMKT
BFUN
IUSA
LDL
PFCG

Have a great irie New Year! More to be had in 2004!!!

 

[BloodTrader]

Quote from Bob111:

my guess that this strategy may work on bull market, but will fail on bear. i have plenty of system that work well in different kind of markets, but only couple work in both bull and bear. the only a question-how you will figure out -where you are now.))))

peace

It can work in bear markets, too. And you don't really have to adjust the strategy, though if you have a good timing method, you could.

m