papagatorga
124 posts
msg #36267
- Ignore papagatorga |
6/9/2005 5:38:35 PM
Rumpled one- appreciate the interest. I haven't used it in over a year so I can't remember the details. I tried it alot 2-3 years ago. One item though, I hate to trade stocks under a dollar and many of the good trades were stocks in that range. I tried to use 2-3 dollar stocks but as I say was just not as successful as everyone else seemed to be. I had one good year "trading" with a strategy of one week or 10% whichever came first. But 04 and 05 have not been good "trading" years for me. I have been rather successful (15-20% annualized) buying high yield stocks when they are vastly oversold and holding till they become overbought, often buying more on dips. As I mentioned in an earlier post I have learned to use linear regression lines pretty well and am very successful as long as I stick to my rules. I also use EMA 30, MACD Histogram, RSI Wilder (14) DMI (14) and Williams%R(20). That is how I noticed the double bottom pattern on Willaims%R. I know people are making very good money "trading" but I tried it and found it wasn't my personality. I still keep a small portion of my money for "trading" but enjoy the lack of intensity with the little longer holds and 15-20%.
xploer- The first two stocks that came up to trade were ALVR and UDR. Both appeared overbought so I didn't trade them. I am paper trading that scan right now.
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