Monday, May 30, 2016

A change in screening method

The price channel breakout method that I have used for years is no longer productive, and indeed the rest of my trading strategy has drifted so far from trading signals that the price channel breakouts have become an anomaly of sorts.

I'm trying something new this week: I shall replace the the trading signal method with a daily screening of my analytical universe, considering all symbols that meet my criteria as being candidates for further analysis.

I have updated Tuesday's Prospects post with such an analysis. Tuesday's Prospects uses both the trading signal method and the all-symbol screening method. Subsequent Prospects won't include the trading signals but rather will look at all-symbol screening and earnings announcements only.

The criteria are a price of $30 or greater, average volume of 3 million shares a day or greater, implied volatility in the 50th percentile or higher of one-year range and distance from the next earnings announcement of six weeks or more.

-- Tim Bovee, Portland, Oregon, May 24, 2016

Connectography: Mapping the Future of Global Civilization
by Parag Khanna


Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

Elliott wave analysis tracks patterns in price movements. StockCharts has a good explainer. The principal practioner of Elliott wave analysis is Robert Prechter at Elliott Wave International. His book, Elliott Wave Principle, is a must-read for people interested in this form of analysis, as is his most recent publication, Visual Guide to Elliott Wave Trading


Two social media feeds provide notification whenever something new is posted.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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