Quote from lost100k:
What stocks are good for short? I want to short some, but finding short stock
is difficult.
There are 1000 different strategies you could do to trade the stock market, and neither I nor anyone on these boards can manage your accounts.
What stocks you open positions in (Long or Short) is dependent on the strategy that you are going to deploy. It's not just what stocks, but also when to open, when to add to your positions, when to sell some (or all off), when to take profits, etc. etc.
My ATS systems do all of the above 100% unattended (in accordance with the pre-defined rules in the strategies, and there are multiple strategies. Also, the ATS systems look at the data all day long, so the right stock to buy may be right at one instant in time, but may not be right to hold overnight, or even for more than a few minutes.
I don't gamble and I don't manually pick stocks to buy and hope they do something. The stock market is not a slot machine to me.
I simply mentioned a few of the Short Watch List rules in one of my strategies that at least ensures the stock is (currently) pointing in the right direction, as I don't believe in opening a position that is clearing going in the opposite direction, in the hopes that it will turn around. That's a good way to throw money away.
Here are few rules, but without the ATS to calcuate the internal indicators, some of the other indicators are not going to be accessible:
For instance, the CoolTrade system calculates how many Bullish and Bearish Indicators there are for every symbol, so you could apply rules like:
TOTAL BEARISH INDICATORS > TOTAL BULLISH INDICATORS, and/or
TOTAL BEARISH INDICATORS atleast 7 greater than TOTAL BULLISH INDICATORS, and/or
% OF STOCKS DOWN(5) > % OF STOCKS UP(5), and/or
% OF STOCKS DOWN(5) > 70
BUT THESE OTHER INDICATORS SHOULD BE AVAILABLE IN ANY SYSTEM:
Assets > Liabilities
Institutional Ownership > 10%
5-Day SMA > 18-Day SMA
I wouldn't let anyone tell me just a list of stocks that are going to go up or down, as there is no way they could know that. But at least following technicals you know the stocks are going in the right direction. Then it's just a matter of applying good money management, profit goals, and exit rules and stop loss goals.
Just believe me when I (and so many others) are telling you that their is more to the stock market than just opening positions (randomly) and hoping for the best. Which unfortunately is how most people do it.
Good Luck!
Ed
