November 30, 2006 | 5 Comments
When I am searching for stocks there are two primary scans I use, after hours. One is a list I have in my TCNet program called “IBD List Combined” and the other one is “Price/Volume.”
The IBD List Combined is simply all the stocks the past week from “Your Weekly Review,” “Where The Big Money Is Flowing-Daily/Weekly,” “IBD 100,” “Top Buys Of Mutual Funds Past Month,” and “IBD Compostie Top 200.” These stocks are all put on one list and scanned for new breakouts after the bell. These stocks are the best of the best and normally when they breakout if you follow the IBD sell rules work quite well. What this list also helps me to do is find potential breakouts that I then place on watchlist on my TWS in IB. These watchlist have alerts set .10 cents above the pivot point of the most recent base and when the stock price crosses that pivot point an alert goes off. That alert will then allow me to pullup current chart of the stock and see if this breaout is on heavy volume. If it does, then I buy intraday, if I am around.
November 30, 2006 | 30 Comments
IBD is the greatest investing tool I have ever seen in my life, to this day. I was blessed that my father mentioned this newspaper to me when I was 16. How he mentioned it and introduced me still is amazing to me. He only knew of “this Investors paper” his mom mentioned once to him. He said that she said that this was the greatest thing she has ever seen in her life for investments. My grandmother died in 1985 and IBD was only created in 1984. Fortunately, for me, he remembered this conversation and got me a one year subscription to “this Investors paper.” The rest is personal history for me.
November 15, 2006 | 1 Comment
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