Stock Markets Exposed
What is your trading system to select the best stocks?
This is my system: 1 - I look at the Zacks Rank and check some of the #1 stocks; 2 - I do some fundamental and technical analysis. I look at the 50 day/200 day moving averages, the ADX, the MACD and the CCI. The 50-day MA has to be above the 200-day MA. The ADX has to be above 30. The MACD has to be above its 9-day EMA. The CCI (20) has to be above 100. 3 - Then I check some news on ths stock and on the sector. What is your system? Give as many details as possible.
Public Comments
- Mostly I use technical analysis; and find that the P & F method works best for me. My portfolio consists of about (40) common stocks and (2) Mutual Funds, which I chart daily. Another tool is the earnings reports and/or other newsworthy reports.
- Try this: http://finance.groups.yahoo.com/group/TradingZoom/ - a good place to discuss trading systems with other experienced traders.
