What to Do with Our First SCOREFAST Recommendation - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  
The Equitymaster Research Digest

What to Do with Our First SCOREFAST Recommendation
Apr 3, 2017

  • SCOREFASTTM throws up its first trade
  • But its gapped up, what next?
  • A special gift for RD readers

A few days back, I wrote to you about my cricket-inspired SCOREFASTTM trading system. We use the system to identify stocks on the cusp of long-term reversal...from down to up.

These types of stocks have two main benefits: They minimise risk and maximise profits. That's because beaten down stocks have limited downside and big upside potential.

The SCOREFASTTM system derives its name from the nine indicators we use to identify these long-term reversals. Here are the nine indicators:

  Indicators Description
S Stretch Indicator Measures distance between 200 DMA & price
C Crash from highs Percentage drop from the top
O Oscillator (RSI, MACD, ROC) Oscillators indicate change in momentum
R Reversal Patterns Breakout from reversal pattern suggest change in psychology of market participants
E Entry/Exit Entry only after sharp falls, exit after trend has exhausted
F Fibonacci Retracement Price action near specific retracement percentages
A Accumulation phase Look for stocks in an accumulation phase
S Support and Resistance Supports are demand and resistances are supply zones
T Time Timewise corrections are also important
To Read the Full Story, Subscribe or Sign In

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms