Hello Everyone,
I just wanted to introduce myself and say hello. I have just recently come upon the Weinstein book as a reco from my uncle. He turned $200k into $4m during the dotcom bubble and is now worth well over $15m. He turned me onto the Weinstein method of Stage Analysis and I have been studying it since about mid-february.
I have been using the different indicators from the book to find investment ideas. I use Thinkorswim by TDA so they didn't have the Mansfield RS indicator, but after a few days of coding, I figured it out and have built it from scratch. As far as screening for stocks is concerned, I use Mansfield and sift through the different Sector SPDRs to see which sector is outperforming then I do the same for the stocks within that sector. Seems fairly standard no?
I am still learning and have a way to go. The method seemed simple and straight forward at first, but I see that it really has a certain amount of complexity to it.
I was wondering if anyone has used these methodologies to trade a smaller time frame? And which parameters did you have to tweek to do so?
Also I'm confused about whether to use the Weighted 30wk MA or a standard one.
I'm attaching an example of the chart setups I am using. If you spot anything wrong please let me know. I'd love to hear how I can improve!
Thanks!!
