Over the last few days there have been some great trading opportunities off these stat scans.
All these nice runners were either picked up on the basic TSS (Tro stat scan) and /or on the 1 day lost 8%/2 day lost 10%/failures TSS.
Here's a list of the ones which ranked very well in regards to the odds favorable for a decent run once they go green,quite a few I traded.
CNEH YTBLA PURE UTSI SCA JADE APPY SCON NRMX HOKU JRCC OCNW CBF YTEC FUQI RAMR MMPI EMAG NM PEIX
Wednesday, November 28, 2007
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2 comments:
Hi Muddy,
Thanks for the post. I am new to trading, and have been watching your chatroom the past few days. It's been some real fast paced fun. I was wondering how do you know when to get into a stock in the morning, and how long after you see a big pop in volume before you make a trade? I've noticed that many of the high flyers of the day have neglected down trending charts. Is this a pre-requisite for the trades you make? Also, when do you typically get out of a stock and take your profits (ie. at a certain % or a technical point like the next price support up on the chart)?
Finally, since I've started trading, I have only been trading stocks that beat earnings estimates and have neglected chart patterns (ie. DWCH yesterday, and NZ today) using Interactive Brokers (because they have $1 commissions), but I'm finding there are not opportunities like these everyday and am looking for more action. I have a HOD list set up with my broker software, but get overwhelmed with the info coming in. I see the HODs at the same time you're seeing them, but by the time I think to act, their gone (eg. LTON, COPY). Do you have a method to cut through the noise and see the trades that are worth taking? Sorry for the barrage of questions =0). Any advice would be greatly appreciated.
Many thanks,
loubadoo
Hi Muddy,
What is the TRO STAT scan? The filters TRO provided generated have more than a thousand symbols. How do we make use of it?
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