I started out in trading early 2005 through managed funds.
November 2005 started in stocks through fundamental analysis.
After the 2006 May correction I learnt to use stops!
A few months afterwards I read Michael Covel's book and it was a real eye opener for me into what can be achieved through mechanical systems trading.
In 2009 I started looking seriously at short term automated trading through AmiBroker/IB as this would allow for all the benefits of short term trading (smoother equity curve, faster recovery from drawdowns, etc) without the associated screen time.
2 comments:
Hello,
can you decribe you entry and filter screening criteria ? You often wrote, that your system only found 10 or 20 stocks per week ?
Greetings
Nevar
Hi Nevar,
The full mechanics of the system are proprietory.
But I basically look for a stock that has already been trending and then a (HHV) breakout. Liquidity has to be there as well.
Yes I was getting 20+ entry triggers back in October when the system first went live.
The last few months I've been getting very few. Four on a good week. And to get no entries has been quite common.
Regards,
Nizar.
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