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JonathanJohnson

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  1. JonathanJohnson started following Putting Together a Beginner Trading Group, Introduce Yourself Here - Don't Be Shy!! and Stock Screening Parameters?
  2. JonathanJohnson
    It's been almost a month since this has been posted and since I tested the parameters. I have seen some positive results for my first go around. Here are the parameters and the results I've gotten: I used the Finviz.com screener and portfolio tester. I created a portfolio of 40 stocks on Nov. 18. Since the 18th I have seen a 7.32% growth in my portfolio compared to roughly a 3.5% growth in the Dow, a ~5.2% growth in the S&P 500, and a ~6.5% growth in the Nasdaq. With further research I'm pretty sure I could have narrowed down some of the losing stocks (there were only 4), primarily with EGHT, but hindsight is always 20/20. Here were the parameters I had set: 1. Mkt cap > 50ml 2. EPS growth next 5 years > 10% 3. ROE > 15% 4. PEG > 1 5. Current Ratio> 1.5 6. Price above SMA20 7. Beta > 1.5 I'll be tweaking this more and posting new results. Any ideas would be appreciated.
  3. JonathanJohnson
    Thank you that helps, and definitely narrows down some of the choices. I'll be doing some further research into each of those criteria you said were good to look at too. Also, I have been hearing/reading some things about different types of screens such as fundamental, technical, and quality. I think I have a pretty good understanding of the fundamental and technical screens, but I don't know much about the quality screening. Is what you said above about looking at the financial statements and management's notes about the company what it means to do a quality screen? And if not, what is a quality screen, and what does it look for that is different from a fundamental and technical screen. Thanks, Jonathan Johnson
  4. JonathanJohnson
    First of all, I am a beginner and any help would be much appreciated. I am wanting some practice managing a portfolio so I am creating a paper one and was wanting some advice on the screening process. My idea is to use the Russel 1000 as the base index and to pick stocks from there. The process I have in mind consists of importing information from Bloomberg into Excel and screening the information from there. Things I'd like to know: i) Is this a sound way of doing the screening process, or are there much simpler ways I am unaware of? ii) I am looking to find stocks that have high growth potential, innovative companies with money invested into their R&D, good business models, and companies that have the potential for either buying another company or being bought by another company. Considering the above, what sorts of things should I screen for? Much appreciated, Jonathan Johnson
  5. JonathanJohnson
    Sounds good. I'm in. See you next Sunday.
  6. JonathanJohnson
    Wow! Thanks guys. That really helps out. I have been playing around with the Think or Swim software lately and I am going to start trading options with a paper portfolio. I'll see how that goes. Everyday I learn more and more info through this site! It seems like a great community.
  7. JonathanJohnson
    No I haven't used options yet. In fact one of the reasons I joined this site was to learn more about options. I hear it can decrease the risk in one's portfolio though.
  8. JonathanJohnson
    I just started using this method in April,and as you know, this earnings season was pretty good. I tend to hold on to the stock for a couple days. I find that after the initial surprise in reported earnings the price tends to fall back towards what it was before the earnings. It just depends case-to-case.
  9. JonathanJohnson
    Yes I do trade. Right now I trade primarily off of a earnings reported kind of strategy. So when i think a company is going to beat earnings (or the opposite) I'll generally invest into that company. I'll also look at some technicals.
  10. JonathanJohnson
    My name is Jonathan and I am from Austin, TX. I currently attend UT Austin (still working on getting into the business school) and I am very enthusiastic about learning all i can about the finance world...so that's why I am here.
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