As most know, I trade mostly from 2 created systems: Major_Poppers & Channel_Players.
Major_Poppers has been discussed a good deal on the "L" site & on irc in recent months.
Cnannel_Players is the older system of the 2 and has been a proven winner going on 4 years now.
Though all the Channel_Player stocks that are currently qualified can not be given because it would not be fair to the ones who have purchased of the systems, there will be posts saying "bot XXXX stock @ $... for Channel_Player".
So here is an explaination of what the concept is. Most often there wont be a sell post, since the sell order is automatically set at the percentage that stock shows it frequently gives. This system is more a 'paycheck' type of play. It is consistant, safe to the point that the stocks used in it give a set percentage win 70%,75% & 80% or more of the time going back months to years.
The system looks for small wins.2%, 2.2%, 2.3% & so on. While there are stocks in the system that are great winners that are under $5.00 cost & therefore non-marginable for most, the concentration is to look for & trade the ones over $5.00. Therefore the profit on each trade is doubled for cash used & in actuallity is 4%, 4.4%., 4.6% & so on. In a given week where the average wins ends up being about 3 1/2 a week, that compounds to about 12.5% to 14.5%,,,week after week after week.
Yes, everyone loves the winners that can give 40%, 50% & more. But within those winners ends up being the loser that will kill at the same 40% lose. These however, rarely if ever lose greatly. And of course it's a personal decision whether to use a stop under the buy or not. But consistant wins in these trades are the daily income one can have to play those more speculative trades.
So, what is a Channel_Player?
The concept of Channel_Players is one of safety and consistency with stocks that have a proven track record of staying in their daily channels and giving set profits often. There are 2 sections for Channel_Players that are important. Buys are made at open for a set plus percentage sell, and also bought at close for a plus percentage sell the next day. Buying at the close has MUCH better returns. The system finds stocks that make solid patterns over long time periods. The absolute best stocks hit in the 82% range over months & years & stay consistant. The ones considered solid qualifiers are those in the 65% to 79% range, with the ones being traded mostly hitting over 70% of the time, which translates to a win 3 1/2 times a week. We find that of the 1 1/2 times that the set percentage is not acheived & the play is closed out at the market close, the end result is split between a smaller percentage win than what was looked for (example: the goal was +2.2%, it did not hit that during the day but when the trade was closed out at the end of the day, there was a 1% profit), or a small loss. The system spreadsheets show when a pattern is broken & to move away from the particular stock and we are constantly scanning for additional stocks that qualify. Almost all stocks in both systems are Nasdaq stocks, since they have proven to have more swing play that Amex & NYSE.
Unlike Major_Poppers where everyone can see what the popped stocks on the day are from the percentage leader boards, but would find the spreadsheets useful to see the previous history of these poppers, Channel_Players can only be found through the use of the spreadsheet systems.
So next time a post is made stating a Channel_player buy at the close, know that this stock has proven a consistant winner, yeilding a 2% to 2.3% or so profit on a trade over & over.
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