Hey Dan yes I picked up a few things from your video this morning. I’ve been a member of MarketSmith since November 2018 and use it in my weekly and daily routines. On the weekly I go through every Sunday the Growth 250, Industry 197 list, Near Pivot, IBD 50, the Big Cap 20, Sector Leaders, IPO’s, and William O’Neals Scans. But when I select a stock to put on my watch list I use EPS, Sales and Relative Strength but mainly focus on the chart and volume.
From your video I would focus on the EPS and Sales over the last quarter but only would look at the percentages, which is fine but I never looked at the EPS and sales numbers vs last quarter on the chart. The main point that you made was that no scan would be able to pick out all the best stocks, it has to come from experience and looking at the chart. I typically would use a CAN SLIM scan in IBD that I created and would only get 10-14 stocks. I need to expand my search and not be so stringent on my criteria. I have to say a lot of my holdings come from your strategy sessions.
Thanks for narrowing down overcrowded stock fundamental data to a few important ones. Most of the time I ignore stock fundamentals and based my trading decisions on chart technical analysis. So far, it has not worked out that well for me, most time I find myself breaking even on my trading account. I need to do a better job and start combining and study stock fundamentals and their impact on the stock charts. Thanks for specifically focusing on few of the stock fundamental data. It is a good start for taking my technical trading to a hybrid technical-fundamental trading.
Even though I don’t have the $ to subscribe to MarketSmith, I’m glad Dan does! The way I look at it, a subscription to SMM actually is a mini-subscription to lots of other services that Dan uses to craft his advice for us. That’s value ++++ ! Thanks to Dan and the whole team!
Tim
Dan,
I am a return newbie and just watched the video 6/21-fundamentals –my vote is to keep doing some of these videos sprinkled in. Everyone has the option to watch or not. Sometimes we discover a little tid bit of info that we didn’t think of before. Other times it just reminds us to slow down and take a second look before pushing the buy button.
There is a lot of data available because these companies are public.
SEC requires lots of “transparency” to enable investors in an efficient market.
But we want to make money. And you make money by following a trend and knowing
when to get out. That is where SMM comes in. Today’s tutorial is very good
because it shows that one should not allow an avalanche of information to
help them. What we should do is how to pare down the data stream to items that
are most predictive vis a vis the trend. Thanks Dan.
I’m a break even long time newbie. I keep hoping that I will break my impulsive habits. There is a LOT of daily noise between IBD stream, forum discussions and recommendations, and your daily sessions. Most of the time I find that simply sticking with your voice would have been the wisest move. This kind of instruction is extremely valuable because it helps to focus my attention. Even though I don’t subscribe to MarketSmith, this information is discoverable otherwise. Knowing what to focus on is invaluable to my development. Thank you.
Hey Dan yes I picked up a few things from your video this morning. I’ve been a member of MarketSmith since November 2018 and use it in my weekly and daily routines. On the weekly I go through every Sunday the Growth 250, Industry 197 list, Near Pivot, IBD 50, the Big Cap 20, Sector Leaders, IPO’s, and William O’Neals Scans. But when I select a stock to put on my watch list I use EPS, Sales and Relative Strength but mainly focus on the chart and volume.
From your video I would focus on the EPS and Sales over the last quarter but only would look at the percentages, which is fine but I never looked at the EPS and sales numbers vs last quarter on the chart. The main point that you made was that no scan would be able to pick out all the best stocks, it has to come from experience and looking at the chart. I typically would use a CAN SLIM scan in IBD that I created and would only get 10-14 stocks. I need to expand my search and not be so stringent on my criteria. I have to say a lot of my holdings come from your strategy sessions.
Yes good job!
Thanks for narrowing down overcrowded stock fundamental data to a few important ones. Most of the time I ignore stock fundamentals and based my trading decisions on chart technical analysis. So far, it has not worked out that well for me, most time I find myself breaking even on my trading account. I need to do a better job and start combining and study stock fundamentals and their impact on the stock charts. Thanks for specifically focusing on few of the stock fundamental data. It is a good start for taking my technical trading to a hybrid technical-fundamental trading.
AO,
Even though I don’t have the $ to subscribe to MarketSmith, I’m glad Dan does! The way I look at it, a subscription to SMM actually is a mini-subscription to lots of other services that Dan uses to craft his advice for us. That’s value ++++ ! Thanks to Dan and the whole team!
Tim
This is the kind of information that everyone but the gamblers needs.
Dan,
I am a return newbie and just watched the video 6/21-fundamentals –my vote is to keep doing some of these videos sprinkled in. Everyone has the option to watch or not. Sometimes we discover a little tid bit of info that we didn’t think of before. Other times it just reminds us to slow down and take a second look before pushing the buy button.
TERRIFIC!
V.V. Interesting – thank you!
There is a lot of data available because these companies are public.
SEC requires lots of “transparency” to enable investors in an efficient market.
But we want to make money. And you make money by following a trend and knowing
when to get out. That is where SMM comes in. Today’s tutorial is very good
because it shows that one should not allow an avalanche of information to
help them. What we should do is how to pare down the data stream to items that
are most predictive vis a vis the trend. Thanks Dan.
I’m a break even long time newbie. I keep hoping that I will break my impulsive habits. There is a LOT of daily noise between IBD stream, forum discussions and recommendations, and your daily sessions. Most of the time I find that simply sticking with your voice would have been the wisest move. This kind of instruction is extremely valuable because it helps to focus my attention. Even though I don’t subscribe to MarketSmith, this information is discoverable otherwise. Knowing what to focus on is invaluable to my development. Thank you.