Thanks for the honesty. In one account, I lost about 15% starting with the oct gold dip. Fortunately i was more cautious in my main account.
What I learned was that my screeners were inadequate. They only worked in high momentum.
Since then I’ve developed a 3 regime approach based on various market measurements, and then the screeners emphasize different tech indicators for each regime. I was finally able to turn it around on Nov 20.
Very well said, Brian. Personally, I treat the screener as an idea generator.
Then those ideas need to be filtered through my own strategy, (say TA plus fundamentals) , and usually every week I am left with maybe three to five stocks that are true high-probability trades.
After that, I filter again based on which one has the best EV and the best risk-to-reward ratio.
At that point, I probably have one, maybe two or three trades I can actually take.
And in the end, I only act if the environment is right. Because you can have the best setup and the best catalyst, but the market won’t care if it’s in a phase where it reacts only to bearish news.
Yup. I have some fundamental filters in like EPS diluted growth, D:E, etc. The cool thing about Tradingview screeners is they have fundies and TI's. But they don't have everything the charts do, so my charts are the confirm/reject.
Deepak, thanks for the message. The annual plan is already discounted by 60 percent, and on top of that I added another discount, which brings it to about 70 percent off. I know prices can vary depending on the platform you’re using. It’s crazy, but I recently found out that if you buy on iOS mobile, you can end up paying up to 30 percent more. So it’s better to try on the web.
Thanks for the honesty. In one account, I lost about 15% starting with the oct gold dip. Fortunately i was more cautious in my main account.
What I learned was that my screeners were inadequate. They only worked in high momentum.
Since then I’ve developed a 3 regime approach based on various market measurements, and then the screeners emphasize different tech indicators for each regime. I was finally able to turn it around on Nov 20.
Very well said, Brian. Personally, I treat the screener as an idea generator.
Then those ideas need to be filtered through my own strategy, (say TA plus fundamentals) , and usually every week I am left with maybe three to five stocks that are true high-probability trades.
After that, I filter again based on which one has the best EV and the best risk-to-reward ratio.
At that point, I probably have one, maybe two or three trades I can actually take.
And in the end, I only act if the environment is right. Because you can have the best setup and the best catalyst, but the market won’t care if it’s in a phase where it reacts only to bearish news.
Yup. I have some fundamental filters in like EPS diluted growth, D:E, etc. The cool thing about Tradingview screeners is they have fundies and TI's. But they don't have everything the charts do, so my charts are the confirm/reject.
Love the transparency.
November was brutal for me. But enjoyed last week’s recovery.
The most important is to take the lesson and move on!
Thank you!
Appreciate you sharing this. November was hard for a lot of traders!
There is a link which says 70% off for 1st year but when I click on it, it says 20% off. Some discrepancy...
Deepak, thanks for the message. The annual plan is already discounted by 60 percent, and on top of that I added another discount, which brings it to about 70 percent off. I know prices can vary depending on the platform you’re using. It’s crazy, but I recently found out that if you buy on iOS mobile, you can end up paying up to 30 percent more. So it’s better to try on the web.