Building strategy around core concepts

Lot of time is spent by new traders in tactical details of the methods like scan or indicator without understanding the core concept. Understanding the core concept is the key to trading any method.

Once you understand the logic behind core concept you would be able to do your own scans and trade some of the methods discussed here profitably with conviction.

Core Concept	Application
Market Breadth can help you determine market direction	Market Monitor
Equity selection is "the key" to profitability	Using Momentum+growth+Event catalyst
Price Momentum from a yearly low Because trends start from a low point	Double Trouble
Price Momentum six month	Modified Double Trouble
Historic precedent analysis	Growth stock+IBD 100 and 200
Momentum Anomaly	IBD 100 + IBD 200
Post Earnings Announcement Drift PEADS The most robust anomaly found to date	Earnings Episodic Pivots
Post news announcement drift	Other Episodic Pivots
Momentum and mean reversion	Entry on weakness for swing trading in a momentum stock
Risk Management	Initial stop placement
Risk Management	Position Sizing Calculator
Risk Management	Fast exit on trades that do not work
Risk Management	Partial exits
Risk management	Exit in to euphoria
Risk management	Higher risk on conviction trades

If you feel these ideas can work for "you" and want to develop "expertise" at trading these ideas, you need to understand the core concepts in detail.

The more you become knowledgeable at the core concept you will find it easier to trade methods based on that. You will be able to improve on them.

These are not the only core concept which work. Most of the things that work in he market are well researched and are in public domain. If you base your methods on core concepts you have a structural edge.

Focusing on core concept that work in market is key to building a profitable strategy.