Hi Stockopedia,
I’m looking for specific screen variables for cheap shares which will likely grow by 10% in a 30day period.
I would be grateful if anyone can offer any suggestions for the best variables and values for screens.
Many thanks.
I fear you are asking the impossible. Some sort of momentum screen is what you will need but hitting your target will be difficult to achieve as momentum can change very quickly.
Thank you, you might be right, I will rephrase: Based on your Stockopedia experience, what are the most reliable momentum indicators for short term investments?
Plenty of choice, if you select "Browse" on the left of the screen, then under "Guru Investing" is a Momentum menu - selecting that lists quite a few options.
Jack,
Over at Stockcharts they have user defined blogs to complement their professional blogs.
For many years the highest rated user defined blog (by other users) has been the Joanne Klein blog (https://stockcharts.com/public... ).
This takes high momentum stocks and applies a very short time-frame Slow Stochastic with settings %K (5); %D (1) and the Stockcharts proprietary multi-timeframe momentum measure SCTR > 90.
You don't need to do the analysis yourself if you dont want to, as Dianne updates the Blog after the end of each days close. You just need to follow Joanne's suggested entries.
From the UK you can trade this via a Spreadbet or CFD account, or via a $USD account with a USA broker.
Dianne also livestream's her trading screen on her Youtube channel. https://www.youtube.com/channe... . But that piece of the jigsaw puzzle is not necessary.
Why not combine Joanne's suggestions with Stockranks > 80?
NB: The blog is free. Joanne is an animal lover and asks that those that are able to donate to animal welfare charities.
M.
In my limited experience at short term trading technical indicators are not very useful. Price action and support/resistance levels are what I found to be of most use with a moving average for trend direction.
Michael Taylor https://www.stockopedia.com/co... writes a blog on Stockopedia about trading, you might find it helpful.
If someone did have a screening tool that could delivery 10% growth per month, then they would have been able to turn £10,000 into £1 billion within just over 10 years.
So, all the billionaire traders on stockopedia, please let us know your secrets.....
Maybe a Value screen with price and volume momentum. I like this screen which is a duplicate of a Screen used by @PhilH from this site...
https://www.stockopedia.com/sc...
