Wow, nothing like a good holiday to re-envision and clarify what life is all about. Family, family and family... wonderful!
While I have taken my time off the market has been going mental and I have been quite happy that I have not been involved! Cash is a safe place to be when you are swing trader.
It was interesting watching my portfolio just before the market took its down - turn as some of my stronger stocks started to loose money in ways that I had not predicted. This in itself was a warning sign to me and enabled me to respond before losing too much money.
As I have said before I am still in the process of working on my trading style and rules. As a beginner I spend a lot of time testing, retesting and after that a bit more testing! In between the testing I might squeeze in some reading. There are some fantastic blogs out there that have taught me a lot.
I have also had a good look at my master watch list and have changed it considerably. I am now using Investors Business Daily's 'eTables'. This enbales you to filter and screen using certain parameters. My Master watchlist now consists of stocks that have a rating of 90 plus for RS and EPS also their industry has an A rating. I have approximately 80 stocks on that watchlist right now.
From that watch list I use three filters that are looking for stocks that are ready to bounce.
5% is my profit stop with an 8% stop loss. I use 10% of capital on each trade which obviously results in my having ten stocks in portfolio at a time. As my capital increases so does my number of stocks in each trade (obviously!).
Here is a list of the stocks that my filters showed up recently:
| Bolt Technology Corp (BTJ) | -0.32% | |
| Tele Norte Leste Participaes SA (TNE) | -2.18% | |
| Hardinge Inc. (HDNG) | +0.86% | |
| NVIDIA Corp (NVDA) | -1.57% | |
| FLIR Systems Inc. (FLIR) | +0.96% | |
| Stantec Inc. (SXC) | -3.65% | |
| DryShips Inc. (DRYS) | +0.05% | |
| Mobile Telesystems OJSC (MBT) | +0.55% | |
| Hurco Companies Inc. (HURC) | -3.22% | |
| Cynosure Inc. (CYNO) | +1.75% | |
| ITT Educational Services Inc. (ESI) | +0.81% | |
| Diana Shipping Inc. (DSX) | -3.22% | |
| Aluminum Corp. of China Ltd. (ACH) | -6.31% | |
| RRSat Global Communications Network Ltd. (RRST) | -5.95% | |
| Precision Castparts Corp. (PCP) | +2.65% | |
| Garmin Ltd (GRMN) | +13.12% | |
| Southern Copper Corp (PCU) | -5.73% | |
| TBS International Ltd. (TBSI) | +4.92% | |
| L.B. Foster Company (FSTR) | +7.57% |
