Strong Industry Groups - Strong Stocks.
We've made some direction changes to our SI thread, as well as some fundamental changes to the watchlist, and the emphasis of both the daily and the weekly newsletters.
It is obvious that for short to intermediate term trading, the Category 3 stocks outperform the Category 1, they already have had some profit taking and they come with a relatively obvious target objective. Breakouts (Category 1) are much more profitable daytrading, with a tight stop, but not short term (1 to 5+ days). But, trading between the support and resistance range, or waiting until a breakout returns to its prior trading range, gives an excellent risk to reward. And, while we have always been a short to intermediate term trading site, Category 1 stocks, and their stop recommendations, were more appropriate to daytrading. It distracts from our focus to worry about day trades, and to have sincere people interested in making money in the stock market through capital growth and preservation, put us in the same group as all those other daytrader sites.
By narrowing our focus to just the Category 3 stocks on the screening, and in the Growth Stock Journal stocks that are in a Category 3 pattern, we'll keep to the stocks that have the best short to intermediate term performance, we'll have the risk/reward pre-described in advance, well be able to identify both a buy range, stop or sale target that can be used without having a quote screen, thus making the watchlist more useable to those members that can't or don't want to watch a quote screen. In addition, we'll be able to apply the time to keeping a track record on a narrower range of stocks that have the entrance and exit prices given in advance.
In both our daily and weekly watchlist we provide a buyable support range, stop price and sale target price that will give a favorable risk reward ratio, preferably 1 to 2 or better. We've cut the daily watchlist down to 10 Category 3 stocks in our paid site, and kept 5 of the same good picks in the free access area. We will follow each stock until either they stop or hit their target price.
See our strategy at: savvy-trader.com
We continue to offer picks that come from our screening, as well as our proprietary Screened Stock Ratio for free at: savvy-trader.com No doubt we hope that you will find the information useful and profitable, enough to feel compelled to join our members, for the whole enchilada!
If you have been following us and using our stock picks, why not join?
savvy-trader.com
We'll continue to use SI to discuss the stock positions.
Good Trading!!
Sam
Sam@savvy-trader.com
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