Portfolio: $CTXS $EA $NFLX $NVDA $NEM, 05/10/2020.
Stocks currently fulfilling most of the Trend Template criteria recommended by Minervini, Mark. in "Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market"
1. The current stock price is above both the 150-day (30-week) and the 200-day (40-week) moving average price lines.
2. The 150-day moving average is above the 200-day moving average.
3. The 200-day moving average line is trending up for at least 1 month (preferably 4–5 months minimum in most cases).
4. The 50-day (10-week) moving average is above both the 150-day and 200-day moving averages.
5. The current stock price is trading above the 50-day moving average.
6. The current stock price is at least 30 percent above its 52-week low. (Many of the best selections will be 100 percent, 300 percent, or greater above their 52-week low before they emerge from a solid consolidation period and mount a large scale advance.)
7. The current stock price is within at least 25 percent of its 52-week high (the closer to a new high the better).
8. The relative strength ranking (as reported in Investor’s Business Daily) is no less than 70, and preferably in the 80s or 90s, which will generally be the case with the better selections.”
— Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market by Mark Minervini
Also, in my screener, I've filtered by adding some ideas from "Market Wizards: Interview with Top Traders" book by Jack D. Schwager, particularly from David Rayan and William O'Neil:
a) Price-closing or last bid >=15 (Suggested by David Rayan).
b) EPS Change-most recent quarter 1 year ago> 70% (Suggested by William O'Neil, "C" from CANSLIM strategy).
c) EPS growth rate-5 year > 24% (Suggested by William O'Neil, "A" from CANSLIM strategy).
d) Exit strategy, Carefully average up, not down, and cut every single loss when it is 7% or 8% below the purchase price, with absolutely no exceptions. Trailing stop set at 7%. (Suggested by William O'Neil on "How to Make Money in Stocks: A Winning System In Good Times And Bad" book).
What do you think about this portfolio?
Let me know your comments,
Best Regards
Juan D. Castro
Note: This is not a recommendation to invest or investment advice related to these companies, every individual investor is responsible for your own research and results, I'm just sharing some of my current criteria to invest and some of my holdings in my portfolio. I'm not responsible for any losses by following this idea, so, work on your own research and fine-tune your strategy.
Stocks currently fulfilling most of the Trend Template criteria recommended by Minervini, Mark. in "Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market"
1. The current stock price is above both the 150-day (30-week) and the 200-day (40-week) moving average price lines.
2. The 150-day moving average is above the 200-day moving average.
3. The 200-day moving average line is trending up for at least 1 month (preferably 4–5 months minimum in most cases).
4. The 50-day (10-week) moving average is above both the 150-day and 200-day moving averages.
5. The current stock price is trading above the 50-day moving average.
6. The current stock price is at least 30 percent above its 52-week low. (Many of the best selections will be 100 percent, 300 percent, or greater above their 52-week low before they emerge from a solid consolidation period and mount a large scale advance.)
7. The current stock price is within at least 25 percent of its 52-week high (the closer to a new high the better).
8. The relative strength ranking (as reported in Investor’s Business Daily) is no less than 70, and preferably in the 80s or 90s, which will generally be the case with the better selections.”
— Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market by Mark Minervini
Also, in my screener, I've filtered by adding some ideas from "Market Wizards: Interview with Top Traders" book by Jack D. Schwager, particularly from David Rayan and William O'Neil:
a) Price-closing or last bid >=15 (Suggested by David Rayan).
b) EPS Change-most recent quarter 1 year ago> 70% (Suggested by William O'Neil, "C" from CANSLIM strategy).
c) EPS growth rate-5 year > 24% (Suggested by William O'Neil, "A" from CANSLIM strategy).
d) Exit strategy, Carefully average up, not down, and cut every single loss when it is 7% or 8% below the purchase price, with absolutely no exceptions. Trailing stop set at 7%. (Suggested by William O'Neil on "How to Make Money in Stocks: A Winning System In Good Times And Bad" book).
What do you think about this portfolio?
Let me know your comments,
Best Regards
Juan D. Castro
Note: This is not a recommendation to invest or investment advice related to these companies, every individual investor is responsible for your own research and results, I'm just sharing some of my current criteria to invest and some of my holdings in my portfolio. I'm not responsible for any losses by following this idea, so, work on your own research and fine-tune your strategy.