CIS: IPO Breakout
CIS is breaking out after a sideways move for a month or so. Higher volume would have been preferable.
CIS is breaking out after a sideways move for a month or so. Higher volume would have been preferable.
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CIS is breaking out after a sideways move for a month or so. Higher volume would have been preferable.
Best site to learn to trade
If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.
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As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.
You will learn how to set up your own scans, how to select the right kind of stocks, how to set up 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. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.
The site gives you an 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 backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.
Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.
You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.
Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.
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 the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.
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Blog Archive
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2010
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October
(42)
- Develop a process loop
- How To Use The Percolator Scan to Find the Best St...
- Why you must study market timing
- Why I study stocks up 25% plus in a month everyday
- You can become a competent trader
- Top Ranked Exchange Traded Fund (ETF) for October ...
- Focus on concept not scans
- How much should you risk on a trade?
- Focus on setups
- Swing trading basics
- A good swing setup
- A good swing trading setup for today
- 20 stocks likely to breakout to the upside
- Setups from yesterday
- How can you design a simple swing trading method
- A good swing setup
- Myrtle Beach
- NNBR: A good swing setup
- DPZ: Earnings breakout
- MCP: The rare earth play
- GGAL: nice setup
- NNBR: A KLPD setup
- Stocks to watch video
- 3 good setups AMCN LPSN NTGR
- Recent correction patterns in NDX
- How to find high volume movers pre markets
- GROW: a good swing setup
- Market takes a breather
- Daily Market Analysis Video
- Paul Tudor Jones and Episodic Pivots
- Paul Tudor Jones and Episodic Pivots Part2
- DISCA : Pre Earnings Rally
- ARTW: Recent Episodic Pivots example
- SMTX: High volume breakout
- MIPS :Episodic Pivots example
- CIS: IPO Breakout
- Three basic types of setups
- Daily Market Analysis Video from last night
- TAL: Tal International
- KEM: Kemet Corp
- Some developing setups to watch
- CALD: Callidus Software
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October
(42)
4 comments:
What do you think about the VDSI breakout?
I don't see a game changing earnings or story in it. Does not fit my earnings episodic pivots profile. So I let it pass. I only buy things which I can easily understand. In this case I see no reason for it to continue moving higher. But I might be wrong. Strange things happen in market. So might work.
Hey Stockbee,
I've been following along with you and Patient Fisherman and I am having trouble with something that I thought you might be able to help with. I have been trying to follow CANSLIM as O'Neil lays out in his book and have been screening for stocks that meet the following criteria each day out of the IBD Stocks on the Move screen.
Composite, EPS, RS over 80
SMR, Acc/Dis, Group Rs > A, B
Volume > 100
Earning and sales over 25%
Float <100
In checking out the percolator scan, this brings back stocks today that have great price percentage increases on huge volumes.
However, most of the stocks don't meet the criteria above, I know it's a tight criteria. I'm doing that while I am learning to reduce the number of stocks that I have to review each day.
What I am having a tough time reconciling is should I invest in those stocks that have weak IBD ratings or is institutional support all that I am concerned about.
I'm guessing that most of the stocks that meet my strong criteria might at this point be over extended and that maybe I'm late to the party.
If that's the case and I want to use the IBD system as advertised how far should I relax my thresholds.
Thanks for the help!
Patientfisherman and me do not follow the IBD method. Our method is based on momentum.
Everyone who reads William O'Neil book has a different understanding of IBD method. What you have done is you interpreted his writing in your own way.
The IBD method has lot of stress on anticipating breakout zones. So if you want to trade it you need to start with large universe of stocks with probably 70 eps and 70 Relative strength rating and then reduce them to few anticipation breakouts. On those then look at breakout zones. Only on those stocks look at earnings , fund holding and so on.
IBD method is pretty complicated method and there are wheels within wheels within wheels. There are hundreds of nuances involved in trading it.
I have studied IBD method in microscopic details over last 10 years and traded it in the past. It is pretty time consuming method. Having learned from it now I trade pretty simple methods and they are not necessarily based on IBD philosophy.
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