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@daytrend

daytrend.wordpress.c..
Category: Twitter
Stock trader since 1995, trend trader, dip-scalper, tape reader, Market Stats, BBQ hobbyist, independent thinker, part quant, former engineer
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This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
Tsilk7 cincinatti, ohio

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Persistence / Momentum lists = $$$
I'm honored to be the first person to review Vic Scherer (@daytrend). I've been following this veteran of the game for a year now. At first his tweets seemed very UN-ACTIONABLE. His tweets on market stats, etc. At first I thought, what the hell am I gonna do with market stats? It just didn't seem actionable to me personally, and that caused me to overlook his ultra useful "Persistence List" for quite some time.

Every day he puts out a list of strong and weak stocks called the Persistence List in Excel spreadsheet format. For a long time, I never bothered to click on his blog to check out the Persistence List because, it just sounded like a messy list of stocks that would be hard to sort through for actionable setups.

Then in early 2011, he modified the Persistence List with upward and downward momentum screens. That caught my attention. I finally opened up a Persistence List, and I was amazed at the organization of the stocks into different sectors, strong vs. weak, etc. I've noticed that many of the stocks I manually collect daily for setups off Stocktwits also appear on the Persistence List. Not only that, the Persistence List generates a link to Finviz where it automatically spits out all the actionable setups into charts with pre-drawn chart lines and indicators. Then I quickly scan them over and pick my handful of stocks that I'll be watching for both long and short trades the next day. This is a nightly routine for me now. And thanks to Vic, he has saved me hours in daily prep time with his daily Persistence / Momentum Lists. Now I can focus more on psychological preparation.

Vic, if I may, suggest that you regularly describe the Persistence List as a "tidy screen of actionable setups" or something of that sort. Make it more obvious what it is to people who are casually browsing through the stream. It may entice more followers to check out the list. It's amazing that a daily document like this is release for FREE. And I hope you keep it FREE as the entire trading community benefits from it.

Lastly, his recommendation of "Trading in the Zone," a book written by Mark Douglas, is a must read for all traders. It's a book that helps traders come to grips with the realities of trading. It basically reminds traders to remain grounded, unattached, unemotional, and always open to new ideas.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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Displaying 1-2 of 2 Total Reviews
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