Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 177.00

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Nov 28 9:30 AM EST

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To: Trader J who wrote (2947)	1/1/1999 1:46:00 PM
From: TraderXx	Read Replies (4) of 56535

Trader J...I appreciate being able to access this thread because it seems to provide to good interesting leads and advice on possible short term buys. I thought I would also offer a little advice on buying stocks short or long term that I have worked out just by reading the IBD on a weekly even daily basis. I think its an excellent paper because it provides you with vital statistics that will tell you what the professionals or institutional buyers are buying as well as other important information. I have tested a system by which I scan every stock on the NASDAQ (also the NYSE and ASE) by just a small number of criteria. I encourage all your readers to try and understand how IBD actually determines its criteria for a good or bad stock. Its excellent. They explain it at the beginning of the list of NASDAQ stocks. Study it because it can make you alot of money. The system I have been experimenting with is: 1) Look for only AAA or ABA stocks, etc. (important for me is the last one which is "Accumulation and Distribution") 2) Stocks only with a listing in the high 80's or anywhere in the 90's rating (not stock price) 3) Stocks $50 and under ( just because of my buying power) After I determine which stocks look good for me, then through technical analysis I see if any are looking to breakout, consolidating, etc.. I have tested it in the past three months and it has worked unbelievably well. I know I sound like some advertisement, but it has helped me. My criteria for buying and selling stocks has been that if I get a good 2 points in a week, then I'm out, unless I feel the stock has more potential. My problem in the past has been that I had thought the stock would go to the moon, and ended up not taking my profit as it was. Learn to take your profits and move on to other potential ones. Anyway.....thought I would share some experiences I have had in the past and look forward to reading more from this thread. Thanks

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