Wednesday, October 2, 2013

Screening process change

I'm making a small change to my screening process. Up to now I've required that a score be 5 or greater. The score was the average yield in the direction of the breakout adjusted by the odds of success.

Since I already screen for odds, their use again in the score seems a bit redundant. So my screening from "Thursday's Prospects" onward will replace the score with the unadjusted average yield.

Practically speaking, I don't think the results will be wildly different. I do think it's a more accurate way of screening.

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