for readers, I would suggest that Mr Market use his skills , training and attitude to really make some money.
his scanning process can be straamlined . It is overkill for getting a universe of top notch stocks. Simplify it by just taking out the redundancy.
If that is not done then okay.
With this focused and terrific universe, make use of it in a different way.
Cull for high betas. This simple function with high quality stocks gives you a list of real movers.
Skip the 15% as a target.
Look at the moves these babies make. I scan like Mr Market does with one scan to pull top quality stocks.
I get the movers with tha attached assessment sheet. The rank score puts them on my short list.
When they hit a bottom, I am in and I take the 3 beta ride and exit at their peaks.
The Dry Up volume on the assessment sheet is how they come infor a landing in their trough part of the cycle.
In the AM the volume breaks out and an hour later the price moves off the bottom.
In 6 to 8 days the price peaks during a two day period. The volume peaks a day before and one of the peaking price days.
Making 10% on such a move is only 50% efficient for what's on the table.
Imagine being employed and not watching the market during trding hours. what is the result. Well you look in the evening and see the break out of volume then price on a 30 min chart. You place he order the next morning. say you miss 15% of the move. When the sell comes you see it in the evening of the first day. you exit with an order the next morningwithin the first two hours. Here you probably catch the peak. say you miss by 15%.
This means you only catch 70% of the trend. Well that is okay.
Try starting out this way . I made 7 out of 8 plays on the average.
It take 9 plays to double. Take the 8 days and you have spent 8 weeks doubling. You can do that 7 times a year.
I started this way in 1957. But there was no PC or no Scanning or no charting or no assessment on a computer. I got daily data only. I pencilled graphs on a sheet I blue printed for a graph. I looked for 3 betas by plotting for a while. I saved WSJ pages so I could pencilback plots.
300 bucks plus salary contributions gave me a mercedes in three years picked up in copenhagen. Somehow it seems like any body ought to do better than Mr. Market.
his scanning process can be straamlined . It is overkill for getting a universe of top notch stocks. Simplify it by just taking out the redundancy.
If that is not done then okay.
With this focused and terrific universe, make use of it in a different way.
Cull for high betas. This simple function with high quality stocks gives you a list of real movers.
Skip the 15% as a target.
Look at the moves these babies make. I scan like Mr Market does with one scan to pull top quality stocks.
I get the movers with tha attached assessment sheet. The rank score puts them on my short list.
When they hit a bottom, I am in and I take the 3 beta ride and exit at their peaks.
The Dry Up volume on the assessment sheet is how they come infor a landing in their trough part of the cycle.
In the AM the volume breaks out and an hour later the price moves off the bottom.
In 6 to 8 days the price peaks during a two day period. The volume peaks a day before and one of the peaking price days.
Making 10% on such a move is only 50% efficient for what's on the table.
Imagine being employed and not watching the market during trding hours. what is the result. Well you look in the evening and see the break out of volume then price on a 30 min chart. You place he order the next morning. say you miss 15% of the move. When the sell comes you see it in the evening of the first day. you exit with an order the next morningwithin the first two hours. Here you probably catch the peak. say you miss by 15%.
This means you only catch 70% of the trend. Well that is okay.
Try starting out this way . I made 7 out of 8 plays on the average.
It take 9 plays to double. Take the 8 days and you have spent 8 weeks doubling. You can do that 7 times a year.
I started this way in 1957. But there was no PC or no Scanning or no charting or no assessment on a computer. I got daily data only. I pencilled graphs on a sheet I blue printed for a graph. I looked for 3 betas by plotting for a while. I saved WSJ pages so I could pencilback plots.
300 bucks plus salary contributions gave me a mercedes in three years picked up in copenhagen. Somehow it seems like any body ought to do better than Mr. Market.