Type something and hit enter

ads here
On
advertise here

Hey guys,

Having just completed my finance masters, interned at a hedge fund over the summer, dabbled in trading bonds options and cryptos, I would say I have a basic knowledge of investing/trading, how to value companies etc etc.

I decided to ignore everything I know and simply screen all the stocks in the world (on finviz) to meet the following conditions;

  1. 0-10% below 52 week high
  2. RSI not overbought < 50
  3. In a strong bull channel, and having hit/starting to bounce off of the support. (I essentially scan charts by eye)

I find between 5 - 15 stocks, and make a rough 1/n weighted long only portfolio. Essentially I have made a momentum portfolio. I hold this portfolio until I have a return of 2%, happens after 3 - 5 days. I then sell everything, and repeat.

I've tried this and its worked 3 times in a row now.

Making 2% per week will make a man rich very quickly. I could maybe buy a few OTM puts in the SPX as a bit of safety net (in case sh*t hits the fan).

Does anyone else swing trade like this? Is this a pipe dream?



Submitted July 18, 2018 at 05:52PM by HIRST9000 https://ift.tt/2O3CLmK

Click to comment