Stock Picking Rules | Trading Rules

[@jameswatt8841]

I have all these trading books, yet I come here. This stuff is phenomenal for beginner traders. 🤯.

[@chapgolf]

Very helpful Richard. I am currently figuring out how to build my weekly watchlist. I use finviz and IBD lists but don't have Marketsmith yet. Still working out the best way to go about it. Thanks for all you are doing with these videos.

[@RichardMoglen]

Glad you found it helpful! Finviz and IBD are powerful tools. No matter the workflow its about what makes sense for you! Take care Scott!

[@ernestoapfelbaum8286]

Thanks, Richard for the video, well done as always.

[@RichardMoglen]

Thanks Ernesto, If you have any specific questions just lmk!

[@stevegrow7929]

Loved it. Looking forward to the following steps! Thank you.

[@RichardMoglen]

Thanks Steve, Looking forward to talking about my entry setups next week.

[@mokshyadanandamahanta9908]

Richard, can you show how to setup watchlist scans on TC2000 in one of your next videos.

[@a.drummond8745]

Dude I am watching your videos like Netflix! Excellent work as always.

[@RichardMoglen]

Glad you like them!

[@rickyjudge123]

haha same here...great work!

[@Koen-wt8wl]

Richard, great content! Can we find this doc somewhere?

[@markj-uk]

Great videos thank you. Iis the daily 10.4 stochastic available in trading view? There's a 'stochastic' indicator but not sure what the K & D inputs should be? Many thanks in advance if you can help?

[@RichardMoglen]

Yes it's available. K is 10 and D is 4. Then you can add a 4 period moving average to that which is the signal line

[@markj-uk]

@@RichardMoglen Thank you Richard, not sure how to do the second part but the values are very useful. Really glad I found your channel. I'm sure you'll grow your subscribers a long way from here!

[@RichardMoglen]

@@markj-uk Thanks Mark. If you search in indicators and enter stochastic it should automatically give you a k=14, d=3, smooth=3. Change those values to 10,4,4 if you want the same parameters that I use.

[@markj-uk]

@@RichardMoglen Thank you for clarifying re the smooth setting. Got it now. You sir are a HERO ! P.S. Up the Reds this afternoon (Saw a flag in one of your videos... You should bring it back.. Sentiments from where I'm sat right now at home in Stretford

[@markj-uk]

@@RichardMoglen CRDF looks interesting if you've any thoughts for an upcoming video...

[@kamalaryal538]

Richard, Great videos you are uploading. Can you plz make video on stochastic? Cheers

[@Eric-nx5jm]

I recently found you, appreciate your posts, and am learning a lot. Could you clarify the difference between reviewing the top 400 from your fundamentals list in TC-2000 and then your next step reviewing the top 100 from the fundamentals list in TC-2000? You said among the 400 candidates, you narrow them with your criteria (e.g., price > 12, yellow band, Stochastic 10.4 < 80) and look for 1 of 6 setups. You then go back and review the top 100 from your fundamentals list in TC-2000. Other than the number of setup patterns you're looking for (5 versus 6), is there anything different you're looking for between the list of 400 and list of 100? Do you find that many of the top 100 do not make the cut of your criteria when reviewing the top 400 (i.e., price > 12, yellow band, etc.)? Otherwise, it seems redundant reviewing the 100 after already reviewing them as part of the 400. No offense intended in my question, and I apologize if I missed something.

[@RichardMoglen]

Hi Eric good question. I look for the same exact setups the same time through. In a way it is meant to be redundant. The top 100 stocks contain the true leaders and I want to make sure I don't miss a setup just because it doesn't completely meet my criteria. Also looking at these top stocks each week gives me a sense of how the market is. If there is a lot of potential setups that will show in the charts and most likely lead to a good week. No offense taken its a fair question.

[@balaskonis]

sorry - I think I asked this somewhere else but does the algorithm change now with the addition of Ind Group RS and you removing some other columns from the March 24, 2020 How to Make Fundamental Stock Algorithms..

[@RubiconV]

Nice job.

[@RichardMoglen]

Thank you! Cheers!

[@johnbroe6116]

Hey Richard, love your videos! I was wondering if you were continuing with the Python for Finance tutorials or if that series was done. Thanks!

[@RichardMoglen]

I will be making another of them this week. Glad you enjoy them!

[@mymotosai5036]

Thanks Richard, another great video. When you narrow your wachlist every weekend to 15, do you mainly stick to only watching or potentially trading those 15 stocks? A problem that I have is I will have 10-20 top stocks for the following week, then get distracted and overwhelmed with countless new stocks and setups that pop up throughout the week mainly from the traders I follow on twitter.

[@RichardMoglen]

Great question Cris. I try to focus on only those 15. Hopefully on the weekend I have done enough work to consider those new setups emerging. FOMO is real though I understand and I get it. I have a general rules section that I will cover at the end. One of them is to never trade a stock Idea on twitter without checking its rank on my list, its marketsmith fundamentals to make sure it fits a true market leader profile and of course it has to match one of my setups. It's okay to get ideas from twitter but don't trade them unless they meet your rules.

[@wolverine3421]

Liked & Subbed 👍🏾

[@RichardMoglen]

Welcome to the channel!

[@David_Zong]

do you think use ibd stock lists is much easier？from ibd50 longterm20 bigcap20，especially when a stock appears in several lists just like adbe，now，msft，nflx

[@RichardMoglen]

That's one way to do it of course!