I need guidance on which TIs to follow more closely. I have my stocks picked out, I watch them daily and know when to get in and out (at least I think I do). I watch the MA, the Stochastics, and the MACD. When they ALL read positive I get in. I stay there until they ALL read negative. S2O (which I love) gives me the BUY/AMOST BUY/HOLD/SELL/STAY AWAY signals. However, I have noticed when I set my technical indicators on my E-trade site to the exact readings, the buy or sell (all indicators) can go off several times a day on volatile stocks. I have all my charts set on 3 months time frame. Here is my question: Is there a specific time frame to set the charts which will smooth this out? I want to know as soon as possible when to get in and out, but I do not want to live my life watching these charts 24/7!! Thanks.
NASU: If you have not read Rule 1 by Phil Town, I highly suggest it. Easy read, explains the system and the reasoning behind it and makes everything on this website much easier. Once you have done that, this sight is like having a compass in a forrest that everyone else is simply guessing how to get out. As far as the stocks I choose, Phil Town tells you to find good stocks using the fundamentals. Then wait to get in them when the time is right (technical indicators). Instead of wasting a bunch of time picking a stock and going through the process of finding out if it is actually good, I did a bit of reverse analysis. I paid for the stock screener on S2O. I think it was 50% off and was worth it. I used the stock screener to list my required qualifications and it spit out a list of about 20 stocks which fit my criteria. From there I found about 5-10 that were my favorite and that I feel I understand what they are doing and how they make money. I then put them on a watch list. When the technical indicators all say "buy", I go to my trading sight, check the technical indicators on there and if they match, I get in and simply check it every day to make sure it doesn't say get out. If it does, I get out. Easy as that. The reason I double check the TIs on my trading page is because they are live to the minute, while S2O (while awesome) is updated periodically throughout the day and may not be as accurate as a live chart. Good luck! PS- I got in one stock on 7/24/13, and now a month later I am up 32% on that one stock!!!!!!!