Trade SMART

SMART_Trader · #51 11th November 2007, 08:34 PM

Quote:

Zacks Breakout strategy

This screen is also one of my favorites and one that I wrote back in 2001.
The premise behind this screen is to try and find cheap stocks (stocks at or less than $15) that are trading at (preferably, consolidating at) just under their 52 week high, in an effort to ‘get on board’ before they break-out to new highs. In other words, I want the stocks to be near their highs, but most of all, I’m looking for stocks that have been turned back from their recent highs, have consolidated their advances on their trek back to those highs, and are just now starting to make a run at their 52 week high again.
I’m a big fan of getting into basing patterns (relatively narrow trading ranges) after an uptrend has been established. Especially near recent price highs, since stocks making new highs tend to make even higher highs. And while it’s true, some of the stocks that make it thru this screen have already broken-out, I have found this screen to be an ideal strategy for finding low priced stocks with a high probability of success.

Over the last five years, this strategy has shown an average annualized gross return of 66.2% with an average win ratio of 74%. And it holds on average of only 3-5 stocks in your portfolio each month.

If you can explain your basic trading concept like this, you are a winner.

SMART_Trader · #52 11th November 2007, 09:11 PM

Here is the watch list for 12/11/2007

marcus · #53 11th November 2007, 11:11 PM

Smart trader do you scan the entire gamut of NSE stocks for your criteria or do you work only from a list of certain stocks?

SMART_Trader · #54 12th November 2007, 08:11 PM

Quote:

Originally Posted by marcus

Smart trader do you scan the entire gamut of NSE stocks for your criteria or do you work only from a list of certain stocks?

Entire NSE stocks

SMART_Trader · #55 12th November 2007, 08:13 PM

Breakouts 12/11/2007

Here is the watch list for 13/11/2007

SMART_Trader · #56 13th November 2007, 07:40 PM

Breakouts 13/11/2007

Here is the Watch list for 14/11/2007

oilman5 · #57 13th November 2007, 09:32 PM

my contribution agro dutch
just check fundamental eps 10.good eps growth.....owners r buying
technical....see urself the pattern.....yes u can not miss it
play for 50%return with short term with little risk

SMART_Trader · #58 13th November 2007, 10:04 PM

Quote:

Originally Posted by oilman5

my contribution agro dutch
just check fundamental eps 10.good eps growth.....owners r buying
technical....see urself the pattern.....yes u can not miss it
play for 50%return with short term with little risk

Thank you Oilman. But I wont touch it .
I am trading a well defined system and consistently making money. I don't want to deviate from it. Details of my system are in my first post.

Linus · #59 13th November 2007, 10:52 PM

Hi Smart Trader,

I will try it. (your system)

Thanks,

s

s

SMART_Trader · #60 14th November 2007, 09:46 PM

Quote:

Originally Posted by sunil saranjame

Hi Smart Trader,

I will try it. (your system)

Thanks,

s

s

Hi Sunil

Definitely you can trade this concept very profitably. I am sure that you can build a far better system once you internalize the basic concept. Wish you all the best.