One thing I have noticed in the past is that, as a computer guy, I can find easier ways of navigating a program or website than my non-techie friends. So, I have started my portfolio building process using the investools website and thought I'd pass along the "easy" way I found to build a Bullish portfolio.
First, my instructor, Michael Drew, pointed out 3 pre-built searches to start learning from: Under ProSearch Backtested there is "Great Earnings, Sales and Cash Flow Growth" and "Strongest Stocks in Multiple Time Periods" and under Prebuilt TurboSearches there is "High Scoring Stocks with Positive Industry Momentum." Open each of these searches and click Select All and then Add these stocks to a Portfolio. Add the symbols to your Bullish portfolio. You should have a very large portfolio at this point . . .
Open the portfolio and switch to the "Auto Analyzer" tab. This tab summarizes the phase 1 and 2 scoring. By clicking the F/E score twice, you can sort the stocks that don't pass F/E Score (part of Phase 2) to the top. Select the ones without green arrows and delete them. Do the same with Price Pattern. If you have a volatility preference, you can do that here too . . . Now you have a portfolio from the 3 big searches with stocks that don't pass phase 2 weeded out.
No switch to the Technicals tab. This tab colors each of the technical indicators according to whether it is neutral (black), green arrow (green) or red arrow (red). Sorting by one of the indicators can give you an easy to read view of where each of the stocks is by arrow. The numbers indicated how many days since the indicator turned . . . nice!
The last step is the most painful. I have sent an email to investools to get the to fix this. You will want two windows open, or a piece of paper handy. Switch to the Thumbnails tab. Scan the charts for any down-trending stocks. Remember, as we learn, we don't buy stocks in a downtrend. Write down or use the other window to remove the stocks in a down trend.
Tada! 4 quick steps to building a portfolio of bullish stocks. Adding alerts to these is another pain point. You have to click each of the technical indicators for each stock you want an alert on. I'd like to see portfolio level alerts or at least an easy way to add all the technical indicator alerts.
Meet Vivian
13 years ago
3 comments:
I don't understand where you are picking up the number of days since the indicator changed.
I will double check my understanding before posting further. I think I misread the book! :) in one of the few cases of previous post editing, i will update the post with better info.
Okay, so actually, I was right. I rewatched the video on the Technicals tab in the online course. The three main columns on the technicals tab (MACD, Stochastic and 30-day MA) are numbers indicating the days since the indicator moved green or red. Positive numbers indicate green arrows, negative numbers indicate red.
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