Fred: Thanks for seeking to make the scan discussions more practical, for reminding us that we're in this game to make a profit. But I have a few questions:
Why trade only in stocks with "relatively low price"? Oftentimes, the higher priced stocks perform better over the short term and long term, and aren't as risky. Yes, you can have spectacular percentage gains in low-caps in a short time, but you can have spectacular losses, too. Why not consider stocks at any price?
Secondly, why should the breakout occur at a "low ebb" in the chart history? Stocks at new highs often move up to newer highs. Sometimes it's true that the strong get stronger, and the weak get weaker.
And thirdly, why must every scan posted here be nothing less than profitable, and tied to a trading strategy? This is a place where we can also learn from others about how to create scans, how to formulate different ideas. A profit is the final goal in TA for all of us, yes, but there is much to be discussed along the way.
Brooke |
