To: TFF who wrote (2872 ) 2/6/1998 2:44:00 PM From: steve goldman Read Replies (1) | Respond to of 12617
Trading Strategy - Not sure whether this would be more a technical screen setup or strategy, but it works for me, so i thought i would present it up here.... Setting up your screen .(probably only applies to real time or delayed quote services like SP, PCquite, abwatley, etc.) One thing I find particularly helpful is orienting my screens, my tables of stocks and their prices/bids/asks, etc. so that the stocks are grouped in sectors with the leaders at the top. I segment and group box makers, chips, hard drives, pharms, telecomm.,industrials, steel, gold, networkers, chip equipment cos, etc. so that I can see at any one time where the money is flowing on wallstreet, from where it is rotating and where it is headed. I then look for the leaders to tickup. Often the leaders are my leading indicator so I feel that buying them would be behind the stock and its move. I then look down the sector for stocks that haven't caught on to the fact that their sector is lighting up. I didnt get the leaders (nor did I want to as I dont need to pick the very bottom or the top) so I look for secondary participants in the sector move. For instance, twodays ago, on CSCO earnings, I keyed in on CSCO and watched it print. Once it started turningup with volume, Istarted to move down the list of networkers, buying up Bay, fore, xyln and CS. Strategy went 4 for 4 that day. As well, when SEG turns up, i might not buy seg since I might think I have missed it already but perhaps WDC or QNTM might play catch up. theory holds true on the sell side. When the leader turns down, i say goodbye immediately to the whole sector. Its something I am pretty strongly committed to and feel that it has worked very nicely. If large institutions are buying one player in the sector, chances are they will eventually get around to a few others. food for thought....good luck Regards, Steve@yamner.com