Introduction
Welcome to Dave Dibble's Stok, a stock
trading tool for your entertainment. You might remember Dave's
previous venture into automated stock trading – SlickStocking. This
new tool is not designed for day-trading – it is designed primarily
for what might be called swing trading – that is, buy stocks when
they have been beat up for a few days and are down, and then sell
them after they've been up for a few days and may be running out of
steam, and you've made a profit. Stok has other uses for the
non-active trader, but swing trading is its motivation.
If you are a buy-and-hold kind of guy,
or have other strategies that are more interesting, I am not trying
dissuade you or claim this way is better. I built this tool for my
own entertainment; it has outperformed the broader market in the last
22 months, and wouldn't mind sharing with family and friends - the
opportunity to do better than average. My trading portfolio outperformed the market even taking into account transaction costs. The usual caveats apply. But with this tool you can track
things yourself and place your own trades.
The primary function of this tool is to
get market quotes 4 or 5 times during the day for a set of stocks in
which you might have an interest. At the end of the day it will tell
you (via email) those stocks that have closed lower for several days
in a row – the candidates for purchase. If you own stock, it will
tell you when they've closed up for a few days in a row –
candidates for selling.
How it works. This is a program that
runs on your computer, so your computer needs internet connectivity,
Java, and be running during trading hours. Alternately, you might
have a portfolio account set up with your friend who is running Stok,
and get daily emails.
If this sounds interesting, consider downloading
* the tool itself (sorry, no longer available)
* the documentation
* a copy of my data file (it has historical data for a number of DJIA stocks)
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