Quick but good chapter. Actually while I normally think more is better I think brevity in this case in a positive. Sykes goes into actually implementing the SSS in 4 different stocks. It is a capture from pre market back in July so the actually tickers do not really matter. What is valuable is hearing and seeing Sykes thought process and how he actually weights each criteria in the 7 categories.
The Sykes Sliding Scale is not an exact science but it is a solid method to help decide whether a stock is a solid trade setup for YOU. And what I really like is it helps rank all the potential trades of the day. I prefer to focus on as few stocks as possible and watching Sykes go through examples is very helpful to refine this process.
Pre market watchlist building with StocksToTrade
Use pre market as a guide
Earnings discussion and time based chart stamping in StocksToTrade
Bad sushi, beat down stocks
-not always worth buying just because they are cheap
Trader Checklist Demo with PEIX
PEIX – 56 on the SSS nothing amazing setup wise
EVOK – 52 SSS
MDGS – 67
MDGS not ideal but good example of showing “weighting” of potential plays and which to focus on
Good example of thought process in flux.
GRPN – 61
Hypothetical on GRPN – 73