Stubbornly held on to that horrible pick, NZRO through thurs...steaming all the while what was wrong with me picking out such a horrible chart pattern and stock. Having plenty of time to watch just about everything and anything going up except for that bad pick...checked out the company and saw the relentless insider selling and numerous news releases featuring fresh lawsuits against the company sprouting almost daily....yuck. Decided thurs nt. to dump that for whatever loss (time = money), junk my whole watchlist because it was stale... and go back once again to the same strategy which made me so much dough in the past....playing fresh breakouts generated by the S.I. stock screener I customized for myself more than a year ago. Result....one day...portfolio up 40%...back to cash with fresh targets for Mon.
I'm posting the link once again for the screener I use for anyone who wants to check it out.
Message 15207739
The screener updates a new list every trading day after 5 p.m. (pacific). What I do is pick out all the stocks trading at least 100,000 shares volume, then peruse those charts and pick out the chart patterns and price ranges I prefer.
Friday first thing, after dumping NZRO for a small loss, I loaded up all the way on NTRG which was one of three stocks I liked the best from Thursday's screener (all three did well: ntrg, atis, cusm).
Less than an hour after the market opened, I'm all cash and up 40%!
Anyway, I decided I was wasting way too much time worrying about whether the market in general is going up or down.
Decided to forget about that for now and just play the breakout game which looks to be raging in full force. My candidates from Friday's list for Mon are: cusm, ntrg (again), nvdc, atis, efcx, vcnt. Noticed many breakouts of gold stocks, silver stocks, energy, alternative energy, biotechs...
Very much looking forward to Monday!
Best of luck trading to all...
Regards,
Eichler |
