The daily double is a term used in racing circles when betting on more than one winner. Originally, it was defined as picking the winner of two consecutive races. Because picking two straight winners is so difficult, many tracks pre-designate non-consecutive races for a particular day, but the payoffs are still very high.

Well, I don't go to the track very much anymore, but I sure would like to pick more than one winning stock a day and I like big winners. I also like to watch the market open with the VectorVest RealTime Derby Tool. For me, it's exciting to see which strategies are breaking out of the gate and I like to place bets as the day goes on. Thrilling as it is, my goal is not only to have fun, but to make money, lots of money. And I want you to do the same.

I know that most of you have jobs and don't use VectorVest RealTime. So we began reporting the top five best performing strategies each day as determined by the RealTime Derby. We were hoping it would help you hone in on finding hot stocks that were off to the races, so to speak. In this regard, we presented a Strategy of the Week, SOTW, on October 9th which used Derby winners to find winning stocks. We called it "Winning with Weekly Winners." On October 30th, we provided another SOTW presentation which utilized the "Tote Board" to find the "Best Performing Strategies" over any time period of your choice. Then two more SOTW presentations based upon utilizing Derby results were given on 11/06/09 and 11/27/09.

The SOTW presentation of 11/27/09 was particularly interesting to me because it involved "Cherry Picking" and it used a neat technique for dramatically improving the odds of picking winners. The technique is very simple. You buy a stock long only when its price goes above the previous day's High. For low-priced stocks, this trigger could be as little as a penny, and the beauty of this technique is that it can be set-up at night and placed before the market opens.

Here's how it works: Let's suppose the market had an up day and the Daily Color Guard Report said it was OK to buy stocks. All you need to do is read or watch the Color Guard Report, note the top performing Strategy, access it in the UniSearch Tool and run it. Study the graphs of the top 10 stocks that are returned and do some cherry-picking. I prefer to bet on stocks that have relatively smooth rising price patterns. Select two to four stocks you like and set-up your orders to buy, good for the day, if the price goes a small amount above the High of the previous day. If your Broker allows it, set-up your order so that any buys that are triggered would trigger another order to place a Trailing Stop of, say 5%. It is also advisable, but not necessary, to check the Futures activity before entering your orders. You're chances of making money are better if you buy in a rising market.

So how well might this system work? I went back and tested this process from last Friday night through yesterday's Close. Of the forty stocks returned, 18 would have triggered buy orders with 14 winners and 4 losers. Some of the winners, such as ROIAK found on 12/11/09, look real good. What is most impressive to me is that 22 of the stocks were not triggered. Some of those bad boys could have caused a lot of pain in your portfolio.

There are a lot of things I like about this system. First of all, I can do my homework at night. Second, I don't have to guess when to buy or which Strategies to use. Third, I enjoy cherry-picking stocks. Fourth, I don't have to worry about getting crushed if the market goes against me. Fifth, I could get used to coming home from work and finding I hit some big winners.

If you want to see how easy this is to do, join Mr. Dan Misch, Product Consultant and Instructor, at the VectorVest University to see this week's wonderful "Strategy of the Week" presentation: "The Daily Double."