Quote from johnpinochet:
I don't know your details, but please be cautious. The above sounds like a recipe for disaster.
Well I'm definitely NOT putting all my eggs in one basket. I have a side business that'll make me about 10k a year and since I'm a key player at work, I'll be getting a 40k bonus for sticking through until the sale is over, which may be several months away. Additionally, I may even 'go with the sale', so to speak.
It's just an oppurtunity to do something to better my financial situation, if I can 'get it'.
But thanks for the concern.
I'd say that my main concern will be getting the proper exit strategy, since I'm not used to watching things on such a close basis. My previous method involved selecting good stocks using filters similar to the one you use here, but not so focused on cycling, and using a feature in TC 2007 that will combine any number of days into a single bar - usually 3 - and using basically the same indicator settings and triggers you use here and holding for a week or 2. It definitely was lower stress but lower return. I just hope that I can to the point that I find it 'boring' like Spyder does.
We both pegged it as worthless, then it goes and immediately makes an over 20% run in a couple of days.