36 stock with momentum | stockbee

11/19/2009

36 stock with momentum

The basic strategy in swing trading is to find a stock or instrument like ETF or Index or future with a momentum and then enter in the direction of the momentum on a minor pullback or retracement. Stocks with momentum is where the opportunity is for active traders.

Following stocks currently are top ranked by six month momentum:

ACFN
AIXG
BEXP
CAAS
CATM
CYD
DAN
EWBC
FSYS
GAP
GY
HEAT
HGSI
HL
IO
KFN
KGN
LNY
MED
MTL
NANO
OPTT
PAP
REV
RINO
SCSS
SMTL
SNIC
SVM
THM
TRGT
TSTC
UFS
USEG
XRTX
ZOOM

4 comments:

badar_basim said...

Hello stockbee,

there are a few issues that have been bugging me for sometime. i hope you can answer my questions.

1. William O'Neil states in "stock market wizards" that he adds to a stock after a buy point from 1% - 3% purchase price. He says in the new 4th edition of his book "How to make money..." that he adds at 2% - 2.5% from initial purchase. Based on your experiece, how do you add to a winning position? Is a stop predetermined at the 1% point and another at 2% and 3%? Or do you place a limit order at 1%, 2% and 3% after the percentage gain is hit?

2.When do you sell an "episodic pivot" buy assuming you already have a profit on your hands? Is it based on simple moving average of 10 days? or is it a percentage target? or is it a certain day after you buy it? or is it a certain candle stick shape? or a percentage loss in the day?

3. How do you manage 10 or more stocks in your portfolio? I am having difficulty managing stocks as they pass 5 positions.


thanks

Pradeep Bonde said...

1 I have studied his method but I don't use his rules. I have my own method and rules.
I take big positions on certain stocks based on historical model of big winners. But in those cases I put the full position on immediately and not add to it.
2 My stops are based on catalyst and strength of catalyst. In swing trading they are based at a two day low point prior to entry day.
3 I do partial sells at pre determined levels like 20, 40 50% level etc.
4 I do not follow charts or candles or that kind of voodoo stuff for trading decision.
5 My number of positions is a function of my stop and risk %. So I seldom have 10 positions. Most of the time I get fully invested in 3 to 5 positions

badar_basim said...

thanks

i was studying some of the trades you made. i just wanted to know what you were thinking at the time.

Pradeep Bonde said...

All thinking has been done before trading these kind of systems. So there is no thinking involved, there is only action once stock shows up in a scan