I've been thinking about this a lot. There are thousands of screeners and filters out there, but most people I talk to either:
- Use default screens they found somewhere
- Built their own but never really validated them
- Just trade whatever's in the news
For those who use screens/filters as part of your process – what makes you trust that the criteria you're using actually gives you an edge?
Is it backtesting? Forward results? Just gut feel after years of trading?
What makes you trust a trading screen vs. just randomly picking stocks?
byu/iamnottravis instocks
Posted by iamnottravis
2 Comments
Never start with a trading screen. Start with a market thesis and mental model. Blindly screening without understanding the relevant market facts is no better than darts on a dart board.
Dunning Krueger mostly.
97% of traders lose money. 1.1% who makes money but most only made a little less than minimum wage.
Personally I pick stocks as a hobby. It’s less expensive than a boat or autosports or horses or blow and hookers I assure you.