Calibration parameters constantly change. This is one reason trading is hard.
Lol. No such thing as calibration in this game. More like estimation
Calibration parameters constantly change. This is one reason trading is hard.
Lol. No such thing as calibration in this game. More like estimation
Newbie here. I don’t want to buy-and-hold anymore. Nor day-trade. I want to buy stocks with low PEs (and underpriced commodity ETFs) when they start up-trending and sell them when they stop. I want my average holding period to be measured in weeks or months. That said, my three main issues seem to be:
1) How to build a watchlist of assets that I understand and show promise?
2) What buy signal is most appropriate? Price crossing over the 15-day MA? 20-day crossing over 40-day? Etc. (There are technical buy signals too, but I am more concerned with calibrating my MAs.)
3) When to sell? To spot a stalled uptrend should I look for a drop of X% below the high? Wait for price to fall below the X-day MA? Etc. How do I calibrate my signals to my preferred time frame?
BTW, Why is there no forum for intermediate-term trading?
I also have a subscription. I use the FINVIZ free screener to narrow down fundamentals. Have recently started a subscription to Vectorvest mainly because it is the best Canadian screener i have found.For now I have been using stockcharts.com. I have a subscription and I have tailored different scans and chart settings over the past 6 years. Now I can scan pretty easily depending on what I am looking for.