CNBC Million Dollar Strategy
Some quick strategy ideas for playing (remember, it is playing!) the CNBC Million Dollar Portfolio Contest:
- Take a look at the seasonal patterns for stocks you are interested in trading or check the daily list of stocks with potential seasonal patterns.
- Are you trading stocks that are correlated? That is silly – you most likely want to balance your portfolio with stock that don’t track each other. Or maybe you want a stock that IS correlated with Google, but you want to trade it instead of Google (for whatever reason).
- During the day, the 100 hour moving average is being calculated. When the stock price and moving average cross, an alert is displayed on the farthest right side of the site. Red means the price has gone below the moving average and green means it has pushed above the moving average. Why 100 hours? No good reason – I was just looking for a more granular trending of the market. When looking at all the signals, it is pretty easy to get a general idea about the internals of the markets.
- Take a quick gander at the stocks with head and shoulders chart patterns or inverted head and shoulders. There are a lot of ways to use these patterns, so I will leave that to you analytical folk to fold it into your trade selection for the contest.
- We have also integrated recent blog posts about stocks. This is imperfect and it is being worked on, but if you want to see recent blog posts about Google or General Motors, just follow the link for the stock pages.
I look at the contest as a time to experiment and find the techniques that might help you to make money in the real-world. I won’t have time to put in the effort, but I know others will and I hope these tools might help out a little.
Other DeepMarket Articles
- CNBC Million Dollar Portfolio Contest is Back
- CNBC Million Dollar Portfolio Challenge
- More Strategies to Win the CNBC Million Dollar Portfolio Contest
- Contextual Linking Strategy
- Universal Market Trader – Interactive Trading Strategy
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