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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: TraderXx who wrote (2951)1/1/1999 2:44:00 PM
From: BANCHEE  Read Replies (1) | Respond to of 56535
 
TraderXX
What program do you use with IBD
to help find these stocks.
Thanks
Banchee



To: TraderXx who wrote (2951)1/1/1999 3:08:00 PM
From: MMK  Read Replies (1) | Respond to of 56535
 
TraderXx,

I was interested in reading your comments re IBD. I have done some of the same in the past- finding AAA or ABA stocks and trying to follow them. I have bought a number of the stocks listed on the charts as possible movers, and have lost money on many of them. They seem to go down after I buy them! I have lost a lot of money waiting for them to come back up-because they were listed in IBD, they have to hits, right;). I have learned from these trades to get out with any gain and have learned not to "fall in love with the stock" as TJ says.

I am curious about how you filter through the stocks. You referred to using a system. Is this a program you are using or on you own. I am all for more discussion with this topic. I think the downside risk is less than if you were daytrading-the upside is probably less too, but certainly much easier on my heart!

Would love to hear more-MMK



To: TraderXx who wrote (2951)1/1/1999 3:10:00 PM
From: Jim  Read Replies (1) | Respond to of 56535
 
TraderXx - Sorry for my ignorance, but what is IBD?



To: TraderXx who wrote (2951)1/1/1999 3:25:00 PM
From: Trader J  Read Replies (1) | Respond to of 56535
 
TraderXx: IBD - I love IBD and used to use it almost exclusively. I don't use it anymore but may in the future. Is good for intermediate to longer term holds but I never got the opportunity to use it for shorter term position trades.

As far as an investment paper goes, it is by far my favorite.

TJ