Clarence,
I'm surprised, in the first five weeks, the system generated 32 Points. You must remember that the system on average generates between 1-2 points per trade.
I scan my own stocks. I actually do what Jeff says to do, look for the stocks that have RS>=95 and a price of $50. I also look at how the stock is trending, that I feel is the key. I use MA's to determine if the trend is good and volatility to see how it may move (fast or slow, up and down).
Typically, how I trade the system is if the trend is good and the volatility is high, if it moves up a 1 or more, I'll exit that day. I know it goes against the 5 day title, but 1 point on 1000 share is a $1000 that I didn't have. Vice versa, if trend is good and volatility low, I will hold for the 5 days. I found that high volatility stocks move fast and revert fast, so the move sometime doesn't last, as opposed to the low volatility stocks that take time to move.
Stops are equally important, if my stop gets hit, I get out. I have entered trades with the "hope" it would go my way even after I should have exited and really got burned. Hope is a four letter word when you trade!
Actually, you should take profits when you "feel" the time is right. Primarily because it is a short term move, you will almost always leave money on the table.
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