What do you scan for?
- Thread starter KGTrader4
- Start date
I look at value. P/e p/b div yield etc.
In other words:
Is this a fundamentally sound business that is attractively priced.
But I'm less of a "trader" than an investor.
In other words:
Is this a fundamentally sound business that is attractively priced.
But I'm less of a "trader" than an investor.
I'm very interested if you back-tested this and, if so, what data source(s) you used for the historical fundamental data (hopefully without selection bias)??
you are 50% there. at least you know where these scanning website are located. But the criteria you pick is the "secret sauce." Either you get trained by someone or you develop your own for the criteria you use for your scanning.
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Exactly\ i scan for moves in my trading notebook;
+volume ETFs. Sometimes semi liquid stuff ; sometimes SPY, but i seldom trade that benchmark.
Murray T turtle........................................
I also scan my paper printed candle charts\200dma
The smart way to play stocks
I used to get historical fundamental "Key Ratios" data from Morningstar (free) like
https://financials.morningstar.com/ratios/r.html?t=0P0000031C&culture=en&platform=sal
and then used genetic programming to form rules based on the data for trades to last a few weeks to a few months.
Morningstar changed their web pages and made it harder to have scripts scrape the data given a list of symbols. So I stopped that approach.
This is a very good question for which I have a poor answer.
My selection criteria are based around Graham and my own personal observations without real quantitative back testing.
I really should set some time aside for this.
For what it's worth, much of what drove me to more direct involvement in investing has been watching things like the dot com boom and the real estate crash. In both cases I could see what was going on and say "this is a bubble". I spend a fair amount of time asking myself, "what is going on that doesn't make sense?"
