TRO CROCK POT - SLOW COOKERS FOR SWING TRADERS - StockFetcher.com Stock Screener

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graftonian 1,089 posts msg #138122 - Ignore graftonian	9/12/2017 11:36:03 AM I too struggled with this system. If one goes in planning to get out at 2%, the logical stop is down 2% max. The entry price is key, I finally settled on: 1) no more than 2 % above previous close, 2) above a rising 15 minute EMA(13), 3) Wait 15 minues after open. This improved results a bit, but was far too much work for a scalping system.
snappyfrog 749 posts msg #138123 - Ignore snappyfrog	9/12/2017 12:20:15 PM I make money using this with minimal effort most weeks. Some weeks I will buy the dip after opening on Monday to avg down. This shows what I did with the last results I posted: Stock - Open - High - Percentage AA - $41.43 - $45.22 - +9.15% CENX - $18.25 - $20.63 - +13.04% MYOK - $45.60 - $46.80 - +2.63% AROC - $10.40 - $10.60 - +1.92% DVAX - $17.20 - $18.40 - +6.98% MY RESULTS - Personally, in this group I had 4 winners and 1 loser. I gained +1.28% this week. (AA +4.83%, CENX +6.03%, MYOK -4.06%, AROC +1.44% and DVAX +1.74%) *If I did a better job watching these on 5 min bars, I could improve my profit** As you can see, I only made 1.28% on these 5 picks for the week. But, I spend 15 min on the weekend to run the scan and put in orders and about the same throughout the week looking at it on my phone and selling. Am I making a killing, no. But, having done this for almost 2 years now I have made enough to branch out into scalping and day trading where I make my real money. I have found the way that works best with this filter (I know it is not designed this way) is to put 20-40 on my watchlist, cull out any that go up Monday morning to 1% or more. I keep culling stocks this way and only buying those where the price has dropped. I look for a bullish signal to get in Mon or Tues in some cases. With an 86% success rate of these hitting 1%-5% each week, this gives me more profit on each trade with a little more work. I love using this filter in this way and I have made great money by deviating my trading style from how it was designed.
Lapre506 48 posts msg #138402 - Ignore Lapre506	9/27/2017 10:19:35 AM So.. I guess you can consider me an understudy to Snappyfrog at this point. I've been live with this filter for 2 weeks now. After conversing and using some of Snappys alterations to the system as well as a couple of my own to maximize performance. I'm not trading with a ton of capital yet but in the two weeks my overall balance is up 7.34% I altered the filter and made an alternate for 10W time period rather then 52. Trying to capture stocks that have been consistent more recently (many stocks show up on both). I also gave the stocks a bit of a "slugging percentage" formula similar to how real slugging % works in baseball. So a 2% gain is worth more then 1. 4% is worth more then 2. Kinda like singles, doubles, triples, and 5% is my HR. Anyway I split my capital up into 4 positions and on Monday at open I buy two of the stocks that have gone 10/10 in the 1% and 2% categories that have the highest slugging percentage. The other 2 positions I don't buy until the 2-2:30 afternoon lull on Monday. The criteria for these 2 is they must have opened and gone straight down, or not spiked up close to the 1% gain. Whatever positions I sell on Monday gets reinvested into more stocks that went down at open and haven't recovered yet. So in all I ended up playing 15 positions over the past two weeks. Out of 15 these are my returns: 2.15% 0.73% 1.22% 0.89% 3.12% -3.85% 2.27% 0.00% 1.29% 4.66% -0.07% 3.32% 1.17% 3.62% 0.00% I'm using RobinHood so which has no commissions so I have no issue cutting a position off for breakeven. I don't have to worry about "atleast making commissions back" which is a relief. 'm still quite protective of my capital and haven't learned how to "let my winners run" so I end up using tight manual trailing stops and get stopped out alot. But I'm also happy to take any profits. I'm going to have to train myself to have faith in the high probability of this system. But yea this system works even with my protective flaws as a trader.
snappyfrog 749 posts msg #138624 - Ignore snappyfrog	10/7/2017 7:14:18 PM For what it's worth, I am sorting by 5% this week and these are my 5 picks. HMNY, EDIT, IMGN, MRNS and EMES I will post an update next weekend.
VenturaTrader 44 posts msg #138630 - Ignore VenturaTrader	10/8/2017 7:50:51 PM Snappy, I liked the idea of the Crock Pot so I did an informal back-test going back about six months examining more than 100 trading candidates. The four weekly candidates with the highest score were tracked. For the most part the system is profitable and it is likely you will hit some profit targets up to 5%, some picks have up to 20% profit. But the downfall of the strategy is with the occasional stinker with losses of up 20%. You can't assume the prices move straight up to hit the profit target on the way up to the high of the week. The low of the week also needs to be considered because it you employ any kind of stop, that could be hit on the way to your profit target. I set this strategy aside for now; if you can figure out way to deal with losses in this strategy please post and please post how your weekly picks perform. Mike
Lapre506 48 posts msg #138639 - Ignore Lapre506	10/9/2017 6:31:57 PM I can't speak for Snappy, but he and I have discussed how to handle stop losses. I believe he uses a 10%. But this is how I am handling that issue. I tweaked TRO's filter to only show stocks in an uptrend (basically just added code for trading above SMA (200). So if I get stuck in a losing position eventually that stock will get back to the price I bought it. Sunday night when I sit down and check the filter and put the results into my spreadsheet I identify the top 10-15 candidates. Add them to watchlist Monday morning and I monitor the premarket activity. If a stock is down in premarket I won't buy it at open. I only buy the ones that are slightly up or no activity. This results in 2 positions bought at open. Most times both these positions spike up and hit their 1%-2% by 9:45 and I am out of both. Then the rest of the day I monitor the other stocks in the watchlist. Around 2:30 I put buy orders in on 4 of them that opened and went straight down, or opened and spiked up less then the 1% and then went down. These positions I hold through the week and sell when they eventually come back to 1% gain. I don't use a stop loss on these because I am already getting them cheaper then the opening price on Monday, they are uptrending stocks, and the mathematical probability on them hitting their 1% is 95% plus. I realize this is not the way the system was designed and intended but it allows me to stack the probabilities in my favor and minimize risk. Eventually I will get slammed by a big loss and then I will have to decide whether to eat it or hold over the weekend for the next week. If the loss has a catalyst like bad news I'll probably just cut my losses on Friday. But if it's just a normal ebb and flow of the market, being an uptrending stock I'll just hold it til the next week. The downside being a quarter of my capital will be on pause.
snappyfrog 749 posts msg #138706 - Ignore snappyfrog	10/14/2017 1:36:11 PM Mike, I use a mental stop loss. I got stopped out too many times using a physical one. I change my mental stop loss if I hear news - good or bad - or volume is weak - less likely to get a good swing.
snappyfrog 749 posts msg #138707 - Ignore snappyfrog	10/14/2017 1:40:45 PM Lapre506, I use this filter as designed on the 5 picks. However, like you, I have found that watching another 20-40 stocks on Monday - culling those that go over 1% - and picking those that make a turn back up on Monday, Tuesday and even Wed, I have greatly increased my profit. I have used this filter as designed for 2 years now and the picks hit 1%-5% consistently 85% of the time. Some weeks a few look scarey and I bail, but they almost always come back up by Friday.
snappyfrog 749 posts msg #138708 - Ignore snappyfrog	10/14/2017 1:44:04 PM I left a lot of money on the table this week as most weeks, but that is why I have other accounts to invest also. In this account I buy as the filter is designed to show others that it does work week after week. IMO Week 41 Results: October 07, 2017 The S&P 500 was UP this week +0.15% and YTD UP +13.40%. My picks were UP this week +23.67% and YTD UP +192.49% compounded (earnings re-invested). I am 5/5 for 100% on this weeks picks and YTD my picks are 159/185 or 85.9% based on my goals of 1-5%. Stock - Open - High - Percentage HMNY - $16.10 - $32.90 - +104.35% EDIT - $25.13 - $25.93 - +3.18% IMGN - $6.80 - $7.19 - +5.74% MRNS - $7.01 - $7.09 - +1.14% EMES - $8.32 - $8.65 - +3.97% All numbers are MAX profits that could have been made this week / year. None of us are good enough to hit top price any week. MY RESULTS - Personally, in this group I had 4 winners and 1 loser. This week I made 7.73% (HMNY +27.02, EDIT +1.91, IMGN +1.18, MRNS -1.85 and EMES +1.44).
shillllihs 6,101 posts msg #138709 - Ignore shillllihs	10/14/2017 2:56:18 PM Nice job. But you can never convince me to trade this swill. Why risk trading a stock when an etf will almost never go belly up? How do you close out losing trades? Just for your information, ETFs are superior.

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