Are you serious about your trading?
If you are serious about your trading and want to build an enduring edge the Stockbee Member site might help you. Members tell me they have tried lot of things before coming to my site and it has offered them the most extensive and detailed methods to swing and position trade.
It is only for those who want to develop their own self sufficient trading method. It is not a stock picking service. It is service for you to build your own scans and trading method to have your own daily pick based on your method.
Be warned it will take you time to learn to trade. Learning to trade is difficult art and unless you are willing to spend months or years to perfect your strategy and also develop your mental edge you are unlikely to succeed in this game. Unless you understand that no site, no service, and no mentoring is going to work.
Why traders come to stockbee?
The member site is one of the most recommended site for learning to trade by other traders and bloggers. You will see no advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant twits self promoting the site, no free trial and no tall claims of making you instantly wealthy, and yet the site attracts new members everyday. Members come from all walks of life and all kinds of trading size and trading styles.
You will see that many trading bloggers have been using my market timing methods, scans , stock ranking lists and chart templates. They have developed their own methods based on my methods. Many paid newsletter site recommend my site to their subscriber for learning about trading and market.
Over the years thousands of traders have been members and those who benefitted from the learning talk about the site to others or talk about the methods used and that is how new members learn about the site.
What will I learn in the members site?
The members site will give you in depth understanding to develop your own trading method. The emphasis is on making you self sufficient and confident of your own trading method and style.
As a member you will learn the basics of swing trading, momentum investing, growth investing and risk management.
You will learn about Stockbee Trend Intensity Breakouts method that uses momentum based swing trading to find 3 to 5 day swing trades for 8 to 40% profit.
You will learn about Stockbee Episodic Pivots Breakout method which uses Post Earnings Announcement Drift (PEAD) to find stocks that had a game changing earnings and that are likely to rally for 3 months to 12 months.
You will learn about Stockbee Dollar Breakout method that uses momentum, range expansion and swing trading approach to find 5 to 40 dollar moves in high priced stocks.
You will learn about Stockbee Lemonade Strategy for 401k which uses market timing and momentum to invest in 401k. You will get weekly update on how I am using the strategy on our 401k to do allocation decision.
You will learn about Stockbee Market Monitor method for market timing using breadth. It allows you to avoid risky periods in market and allows you to identify market turns. It is used for 401k allocation decisions.
You will learn about Stockbee Double Trouble method to find stock with confirmed upside momentum using anchored momentum and that are likely to continue their up move.
You will learn about Stockbee Night Time is Right Time method to find news catalyst based trade ideas for short term day trade and swing trade.
You will learn about Investor's Business Daily’s IBD 200 list and how it can be used to find swing trading candidates for explosive moves.
You will learn about Telechart 2000 and how to use it effectively to scan for swing and position trade ideas and to set up your 401k strategy.
You will learn about Jesse Livermore Range Breakout, Darvas Box setup, and many other member shared methods.
You will learn how to setup your own scans, select right kind of stocks, how to setup stops, when to enter , when to exit, how much to risk, how to track your trades and all other details about trading. You will learn about developing your own methods and not relying on others for trade ideas.
The site has hundreds of videos and trading methods and variation of methods. Members help each other in developing the methods and share actively their research and finding. A collaborative spirit allows you to get input from others on your trading ideas or problems.
The site gives you opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different background and experience willing to help each other. The emphasis is on continuous learning and up gradation of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors and new traders.
If you are looking to develop your own trading strategy the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on members site. Every method, every scan, every nuance is detailed and all possible help is offered to design your own method.
Do you have a trial?
If you are just looking for trial you are better off trying thousands of other trading site that offer free trail or one month trial and offer you promise of riches.
It is for those who are ready beyond the trial phase and ready to put serious months or years of efforts to learn to trade on their own. It is for those who want to learn to find their own fish.
The free blog has all the details about the methods I trade and if you go through the posts highlighted in the sidebar you will learn about them.
How can I become a member?
To sign up go to www.stockbee.biz and follow the sign up process. The site uses Paypal for payment processing. 
Posts
28 comments:
Hi Pradeep, thanks for the Double Trouble update. What's the best alternative to TeleChart for doing such scans? I heard some brokers may provide similar software, anyone has recommendations or experience to share?
By the way, I'm checking out AmiBroker, while it's got more features than QuoteTracker, I haven't found the justification to pay for it since QuoteTracker is essentially free.
If I decide to subscribe to TC, will the "Gold" service suffice, or I have to buy the "Platinum"? Thanks!
Hi. I have two questions.
1. Can you please explain this formula step by step? I usually try to emulate your formulas in stockfetcher and your step wise instructions will help me in doing that.
2. You have mentioned few times in past that you buy at one-month weakness in stock price and I understand that by weakness you mean that stocks which have grown by less than 10% in past one month (or in past 65 days). Can you please explain that while considering weakness in a stock, would you also include the stocks which have decreased in price from their 1 month (or 65 days) high but are still within 10% of their 1 month (or 65 day) high?
Your insight will be much appreciated. Thanks.
rhoniel
365.25 / 135 * ((C - AVGC135 ) / AVGC135)
c- closing price
avgc135=average of last 135 days closing price
What does this calculate it calculates price change from average price in last 135 days (half year approx) and then converts it in to one year equivalent for comparison purpose. 365.25 is number of days in year when leap year is taken in to consideration.
(100 * (C1 - C22) / C22) < 10 AND ( 100 * (C - C1) / C1) >= 4 AND V >= 1000 AND V > V1
Lets break this in to three different parts for understanding purpose.
(100 * (C1 - C22) / C22) < 10
Means price % change in last one month(21 trading days approx) as of one trading day ago was less than 10%
c1=close yesterday
c22= close 22 days ago (21+1=22) because we are looking at 21 days growth as of one trading day ago.
( 100 * (C - C1) / C1) >= 4
Price change today is 4%
c= close today
c1=close one day ago
V >= 1000 AND V > V1
v=volume in Telechart 1000=100000 shares.
So volume today was >100000
V>v1 means volume is greater than volume one day ago.
Rhoniel said...
2. You have mentioned few times in past that you buy at one-month weakness in stock price and I understand that by weakness you mean that stocks which have grown by less than 10% in past one month (or in past 65 days). Can you please explain that while considering weakness in a stock, would you also include the stocks which have decreased in price from their 1 month (or 65 days) high but are still within 10% of their 1 month (or 65 day) high?
Your insight will be much appreciated. Thanks.
-----------------------------
The one month or 65 day weakness in a strongly trending stock or stock with high relative strength is where technical analyst find their fancy cup and handle, flat bases, bullflags. and many other subjective patterns.
More objective way or one of the better way to do it is by taking stocks with price growth of less than 10 or 15% in last one month or 65 days. If we use mathematics we get more objective methods. Otherwise one man's cup and handle is another persons developing head and shoulder or some other esoteric pattern.
The reason to do this is one is not buying an overextended stock with this filter, plus my testing shows significant improvement in profit once this filter is added.
Pradeep
Is it possible on just this occasion that you confirm the following results for all of us who use Telechart?
Step 2: 144 (top 2% of ranked stock) or 72 (top 1%)
Step 3: BWLD HRSH IDSA MDII MTOX RBY SNHY
Step 4: IDSA MDII MTOX SNHY (top 1% of ranked stock)
Also, would does '3 days low' = MINC2?
This probably makes no sense to anyone but me, but I would call the method 'Son of Double Trouble'
If you take 1% only you will get
IDSA, HRSH as final output.
If you take 2% you will get :
MDII, HRSH, IDSA, MTOX, SNHY
I don't know what is your step 3.
3 day low will be minc3
Let us call it Son of DT
Sky
Just investigate if there is any problem in your scan.
1% gives 35 stocks
2% gives 107
The ranking functions in Telechart can give you varying results sometime, but your 1% figure (72)is way off.
Sky
In Australia there is someone who runs lots of seminar propagating similar method using ROAR.
You may want to study his approach.
Calculate relative rank using : 365.25 / 135 * ((C - AVGC135 ) / AVGC135)
since you are only looking at top 2% 365.25 / 135 is not necessary
You are right
Following your modified directions, I created Son of DblTrbl pcf scans 1 & 2 early this morning. Then created an EasyScan to incorporate both of your new scans. Scan #1 I set List Rank 97-99 (is that correct?). Then added Scan #2 for a result of zero. I note you said that 0-3 candidates could be the result. I just want to make sure I'm on the right track please, and setup my easyscan correctly.
97-99 will give you 8 candidates. Setting it up at 99 will give you 2
Weird. Not on mine.
Scan 1 365.25 / 135 * ((C - AVGC135 ) / AVGC135)
Gives me 104 results. Sitting bottom number on 99-99 results in 35 hits.
Scan 2 (100 * (C1 - C22) / C22) = 4 AND V >= 1000 AND V > V1
Only shows true for qualified stocks. And gives me zero results.
I am running these 2 scans in an easyscan on AllStocks. May I ask what am I doing wrong?
TIA
Art
Your second scan is wrong:
use this
(100 * (C1 - C22) / C22) < 10 AND ( 100 * (C - C1) / C1) >= 4 AND V >= 1000 AND V > V1
That was my problem that somehow I missed. Thank you for you patience.
Pradeep,
Before it hits 20%, do you move the stop to breakeven at some level?
Also, I assume the time stop of 5 days also applies to this?
Thanks,
Rahul
Yes and yes
Can you please tell the conditions under which to move stop to breakeven before 20%?
Rahul
after 5 days
To the person asking about alternatives to TeleChart.....
MSN Investor has the best free stock screener (IMHO) and a reasonable substitute for TeleChart. I've been using MSN Investor since 1999 (tried tradestation for a bit in 1999, though it was overkill for my needs). Main downside: no real-time data update so best to run screens in the evening (non-issue for this purpose though).
Stockcharts.com also has a pretty good web-based screener for a reasonable fee.
While I know you can choose Display Value or Display Market Rank in Telechart, does anyone know how Market Rank is calculated?
If there are total "n" number of values, to find percentile rank of "a" value.
(100*number of scores below "a")/"n"
So if you have 10 values
40 ,50, 65, 70, 72, 75, 78, 80, 82, 84
You want to find percentile rank of 70 then, there are 3 positions below 6 so
100*3/10 = 30 is the % rank.
If you take 82 then
100*8/10=80 is the rank
Pradeep:
Have you analyzed how much % of stock in double trouble list will make big profits? What's the average percentage of gain for those double trouble candidates? The inclusiveness of large gain in the candidate list and the percentage of them turning into superior win are two different issues.
Good question. One is not buying every stock in that 1% list only stock meeting a condition(4% breakout with 30 days weakness). Which gives you few signals. The question is what happens to them.
The average profitability on profitable trades, post that event is 28%. The loss on losing trades is capped by stop by 1% but in real trading tends to be around average 1.4%. The system produces more winning trades than losing trades and outperforms market for last 10 years of testing.In bear market it does not produce too many signals as few stocks have 4% plus breakouts during bearish phase.
One must do ones own testing before trading any system.Just because a stock is up a lot does not mean it will go down.
In fact anyone who does any amount of testing on market will discover immediately that relative strength based systems perform very well in markets. The problem is you need stomach to trade those system.
What software did you use to test the profitability of this strategy? Can you recommend similar software that will allow us to test the strategy with the market data for the last 10 years or more.
I use telechart by Worden for all my scans.
How do you use TC to backtest a strategy? For example I want to see what happened to all stocks (and the degree of profitabilty or loss post the event) for all stocks that qualifies for the double trouble formula in June of 2013.
I have a custom software built for that by a Stockbee member which pulls data from Telechart and does it. You can use Amibroker or Tradestation for that.
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