You are wrong of course. Z was spotted on IBD in the $25 range because that is actually when I first started trading it. And I got it right off of IBD. And dude, several of us have already answered your first question on the thread. You just didn't seem to like the answer.
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Investors Business Daily necessary?
- Thread starter marko1045
- Start date
You are wrong of course. Z was spotted on IBD in the $25 range because that is actually when I first started trading it. And I got it right off of IBD. And dude, several of us have already answered your first question on the thread. You just didn't seem to like the answer.
Statistical arbitrage and CANSLIM? Oh dear God. You've jumped the shark. Time to hit unsubscribe to this thread. LOL.
Statistical arbitrage and CANSLIM? Oh dear God. You've jumped the shark. Time to hit unsubscribe to this thread. LOL.
Lol, yea your right my Z and MXWL trades were terrible. I guesss my system is that bad, where can I find the unsubscribe button?
Oh and I unsubscribed to IBD if anyone was wondering, don't need it.
then don't comment on it, thread was not about your trading style, years ago had a broker that would call, several times a year and say something strong about a stock , i would buy it and be out by the end of day for a quick 1/4, 1/2 point,i would think for the non educated unlike some of the smarter answers here, you could use this principle with IBD, premise was that if they got a few people passing the word,it might see a little pop, one made a pt, the rest were small or breakevenI am puzzled by nothing Dbphoenix, I have my own profitable and purely mechanical trading system and could not care less about IBD or some other newspaper.
Why don't you join AAII? They are much cheaper than AAII, more geared to the investor than the trader, publish a monthly list of CANSLIM stocks (as well as lists for about 50 other investing methodologies), and you do not have to look at any rabid political rant. There are local groups where you can meet other investors, some of whom like to trade a bit.
I do belong to AAII, but don't have a financial interest in it, so this is an impartial recommendation.
I do belong to AAII, but don't have a financial interest in it, so this is an impartial recommendation.
AAII is as good as it gets for the price,but you would most likely need Stock Investor Pro at some point.Maverick is right regarding his assessments,and I do think his point was missed.FYI,if 30 bucks per month is too high a cost for a trading operation,one might want to rethink about the business they are in. I always refer to the old Bell Motorcycle helmet ads.."If you have a 10 dollar head,buy a 10 dollar helmet..
If you are doing stat arb,dont skimp on quality institutional data
If you are doing stat arb,dont skimp on quality institutional data
I've tried using them once. I wouldn't recommend it. They have a poor record of finding the good movers early on. I discover one stock once that had a score of about 70 or a C on their scale while it was basing and was setting up to breakout. I didn't buy it then due to the score. It ended up breaking out rather strong soon after but by then it was too late to get in. The score didn't become an A until a few weeks later. At the end of the year it was a 150% mover.
So, you found your method of detecting early movers. Is it repeatable? If so, there's value after all.
Just like Maverick said, it's all data. The key isn't buying the 90s. It's finding the 50s/60s/70s that are about to become 90s in a short period of time.
The RS rating is a 1st filter. Studying the charts and seeking out those that are basing is filter #2.