I use the same stocks everyday, that way I feel that I "know" how the stocks act after the opening. This greatly increases my winning percentage (I hate being involved with a stock that I don't know very well).
Don's Opening's Journal....
- Thread starter Don Bright
- Start date
I use the same stocks everyday, that way I feel that I "know" how the stocks act after the opening. This greatly increases my winning percentage (I hate being involved with a stock that I don't know very well).
I have used the same stocks everyday for months (years). What in the world would you put in for parameters on a "watchlist"? The stocks that tend to open up or down more than they should? I find that by using the same stocks everyday that I get a consistent profit.
I use a watchlist to screen candidates until I have a "portfolio" like Don. After I have selected my "final" stocks I will only use them, so like Don I will get to know them thorougly. Takes data and research in my mind of many months until I will settle for some suitable blue chips.
Until then I am happy to just learn as much as I can, and keep mu loosers to a minimum.
Until then I am happy to just learn as much as I can, and keep mu loosers to a minimum.Originally posted by big_jdez
A quick question re: your FV system, are you buying the lower band and shorting the upper band or vice versa?
The "entry" is done by using the FV enveloping of each stock with buy and sell orders prior to the opening.
Enveloping is the entering of buy and sell orders at the same time within a certain price range.
