This is my system:
1 – I look at the Zacks Rank and check some of the #1 stocks;
2 – I do some fundamental and technical analysis. I look at the 50 day/200 day moving averages, the ADX, the MACD and the CCI. The 50-day MA has to be above the 200-day MA. The ADX has to be above 30. The MACD has to be above its 9-day EMA. The CCI (20) has to be above 100.
3 – Then I check some news on ths stock and on the sector.
What is your system? Give as many details as possible.
Try this:
http://finance.groups.yahoo.com/group/TradingZoom/
- a good place to discuss trading systems with other experienced traders.
#1 by dm_mize on November 27th, 2009
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Mostly I use technical analysis; and find that the P & F method works best for me. My portfolio consists of about (40) common stocks and (2) Mutual Funds, which I chart daily. Another tool is the earnings reports and/or other newsworthy reports.
References :
Chartcraft
Wall St. Journal
Yahoo Finance
Forbes
Jim Cramer
#2 by slavaret2 on November 27th, 2009
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Try this:
http://finance.groups.yahoo.com/group/TradingZoom/
- a good place to discuss trading systems with other experienced traders.
References :