Menu Close

MissionWinners Gaps (02)

QuestionsCategory: QuestionsMissionWinners Gaps (02)
Essam Lababidi asked 5 years ago
Dear Mr. Pat, I appreciate your kind support & advise regarding below questions: 1) Assume “Group X” in “Top 40 Industry Groups”, also group (X) is trending-down (its price < 50 SMA) but some stocks are satisfying all screen rules plus forms a long/short base, in this case do you recommend those stocks as potential buys in key list? 2) If stock XYZ is sold (100%) based on VIP alerts, then later XYZ forms a new long/short base, then do you include this stock again in key list later? 3) Does keylist includes stocks of IPOs, Biotech, Utilities, Financials? 4) Assume I have to enter trade (AMZN, 100 shares, entry price $1200, stop loss $1164 & target price $1320), Using interactive broker what is best order to enter concurrently “buy price, sell stop & target price” & its validity (GTC or Today)? 5) Pls. create (Stock Screen of 85 85 90)? 6) Should we add rule “Price above SMA-200” for all stock screens, or enough rule “Price above SMA-50” regardless it is above or below SMA-200? 7) Based on recent researches, what is the best (% off 52-Weeks High) recommended to be used (10%, 15%, 20%, 25%)? 8) If I’ve to select (2 out of 5 stocks) to enter trade to reach 10 positions in portfolio, what is selection rule? 9) In trading plan I assume to have 10 position in portfolio, I hold now 4 long base stocks full position & 8 short base stocks half position & current cash is $5000, which means I have (4 x 1 + 8 x 0.5 = 8 positions), that means remaining only 2 full positions (=10-8) to create with each $2500 (=$5000 / 2), Pls. advise? 10) Based on key list, could I enter buy orders as (OCA & valid Today/not GTC) directly before market open, and next day I enter a new buy orders for new stocks? Pls. confirm? Regards,
1 Answers
Avatar photoOwen Staff answered 5 years ago

Hi Essam,
Video from Patrick:
https://youtu.be/PUuXC4l_u5E