RE: Beginners Questions
(2016-11-01, 04:11 AM)Ponki Wrote: Hi all,
I am new here. Thank you for the awesome forum on this method.
I have been reading as much as possible of the old posts and various forums to ensure that I do not ask stupid questions.
My questions is what are your daily routines in finding these stocks. This is my current routine:
1) Inspect indexes ( I am fine with this)
2) Key in on on strongest sectors ( This is where I battle how do you define the strongest sector and over how many days)
3) Look for stocks with the said characteristics from these sectors for possible entries. (How many stocks do you usually end up with to manually view?)
Thus I feel like I get stuck at point nr. 2 the most as I am not sure how to go about it.
Another thing does anyone out here have any experience with HGSI Investment software or is stockcharts and chartmill the preferred tools if one invests mainly on the US markets?
Thanks guys!
Hi Ponki, welcome to the site.
To your questions, if you are using the Forest for the Trees method like this then stockcharts has a free sector view here: http://stockcharts.com/freecharts/indust...#&S=PD&O=2 which lets you filter them on intraday, and on various other settings. So you can find what the strongest sub sectors easily that way and drill down into the individual stocks within them.
Stockcharts is my preferred charting software for the method, but any charting software will do as long as it can set up the basic requirements of the method so that you can identify the stages correctly.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.