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Re: xxrayeyes post# 953

Friday, 05/31/2002 2:43:30 PM

Friday, May 31, 2002 2:43:30 PM

Post# of 120381
Well,


Since the Microcaps fundamentals are largely irrelevant you would be correct in leaving them out of the equation. However your short term trading logs can be useful in developing a screen for short term trades. What you will need to to is expand the parameters for inclusion in the sample base somewhat. Say perhaps adding what were the fundamentals 3 months and 6 months prior to purchase. again sorting out the winners and looking for similarities. You'll be surprised at how many of your winners will fall into a particular category. Excel is particularly adept at manipulating a list in this fashion. once the data is input you can determine a great deal just by categorizing the list according to one or more criteria.
One of the things I did was to input all of the data for my winning trades that were used by many of the various screening tools on the Web into an Excel Spreadsheet. Then I used the list analyzing tools to include the greatest number of my winning trades in a final result. I then made note of the parameters used to produce that list and used that as my new screening parameters.
It reduced my screen results from 150-200 down to 15-20. Much easier to review the charts of 15-20 than 150-200 each night. It left adequate time to do sufficient DD on the 3-4 that charted well.

The Bird of Prey


The Bird of Prey
#board-381

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