Tuesday, December 20, 2016

market order /stop lost

Need to put stop tight, lost over 1000 in minutes, because bought CWEI 118.5 with market order and it dropped to 117 in minutes and stop loss sold at 116.65

Thursday, December 15, 2016

Bob trade

Me: Good evening, Bob, my bad trades yesterday, turn out good today
9:13 PA_Bob: great your doing better
9:13 Me: FAS $708.82
9:14 PA_Bob: sweet tide turning for my friend
9:14 Me: JPM $841.68, BAC $256, C 94.23
9:15 Me: Best is ATHN $2384
9:15 Me: total gain $366.63
9:15 Me: $3666.63
9:15 PA_Bob: wow I am happy makes you a nice xmas
9:15 Me: too bad that I have to work, so can not focus
9:17 PA_Bob: well your doing well manageing your time good
9:17 PA_Bob: your amazing how well you do with working
9:19 Me: I am trying to find a work from home job
9:20 PA_Bob: yes I told you that
9:20 PA_Bob: smart man
9:21 Me: Do you use 20EMA to trigger buy?
9:21 PA_Bob: I bet once you have time you be helping me
9:21 PA_Bob: I only buy patterns
9:21 PA_Bob: bull coils
9:21 PA_Bob: bull wedges
9:21 PA_Bob: bullish flags
9:22 Me: so when you see it forms bull x, then you place buy and wait for pop?
9:22 Me: if pop then you win, then tighten stops
9:22 PA_Bob: yes
9:22 PA_Bob: it works
9:23 PA_Bob: I use 4 sma and 9 sma
9:23 PA_Bob: on 5 min
9:23 PA_Bob: use one to enter
9:23 PA_Bob: one mintue
9:23 PA_Bob: then once in I go to 5 min
9:24 Me: cross below 9ma then out right?
9:24 PA_Bob: yesssssssssssssssssss
9:24 PA_Bob: gone like the wind
9:24 PA_Bob: where do you live
9:24 PA_Bob: it so frezzing cold here
9:24 Me: ohio
9:24 Me: columbus
9:25 PA_Bob: k you have same weather
9:25 Me: correct
9:25 PA_Bob: explain how you make a trade

Wednesday, December 14, 2016

20EMA worked again

alert send when CWEI cross over 20EMA from Fidelity alert, I bought at 99.99 and sold at 103.xx, but not sure what's wrong with my mind, I only bought 50 shares, should be 2000 shares.

But have to watch constantly to up the stop loss price, it could drop any time, I used $1 stop first, when continue go up, use 50 cents, then 20 cents, then 10 cents.

Monday, December 12, 2016

Sunday, December 11, 2016

buy if price drops 60 cent from previous close

using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
public class MyStrategy : WealthScript
{
protected override void Execute()
{
if( Bars.IsIntraday )
{
SetScaleDaily();
var dailyClose = Bars.Close;
var limitPrice = dailyClose - 0.60;
RestoreScale();
dailyClose = Synchronize(dailyClose);
limitPrice = Synchronize(limitPrice);
PlotSeries(PricePane,limitPrice,Color.Maroon,WealthLab.LineStyle.Solid,1,"Previous day's close - $0.60");
           
int todayClose = 1600;
int nextToLastBarTime = AddIntegerTime( todayClose, -Bars.BarInterval );
var okToReenter = true;
           
for(int bar = GetTradingLoopStartBar(1); bar < Bars.Count; bar++)
{
if (IsLastPositionActive)
{
Position p = LastPosition;
double amount = p.MFEAsOfBar(bar) / p.Shares + p.EntryPrice - 0.20;
                 
if( (GetTime(bar) >= nextToLastBarTime) )
if( SellAtMarket(bar+1, p, "EOD") )
okToReenter = true;

if( SellAtTrailingStop(bar+1, p, amount, "Trailing exit") )
okToReenter = false;
}
else
{
if( Date[bar].Date > Date[bar-1].Date )
okToReenter = true;
                 
if( !Bars.IsLastBarOfDay(bar) && okToReenter )
if( BuyAtLimit(bar+1,limitPrice[bar]) != null )
okToReenter = false;                    
}
}
}
else
DrawLabel(PricePane, "Switch to intraday data");
}
     
public int GetTime(int bar)
{
return Date[bar].Hour * 100 + Date[bar].Minute;
}
     
public int AddIntegerTime( int t, int minutes )
{
int res = 60 * ( t / 100 ) + ( t % 100 );   // minutes past midnight
int res1 = res + minutes;
res1 = res1 / 60 * 100 + ( res1 % 60 );
if( res1 >= 2400 )
return (res1 % 2400 );
else if( res1 < 0 )
return AddIntegerTime( AddIntegerTime( 2400, minutes ), res );
else
return res1;        
}
}
}

Wednesday, November 30, 2016

Peter process short version

F

Simple outline of steps:

1) Premarket: review http://www.nasdaq.com/extended-trading/premarket-mostactive.aspx (look at most advanced and most declined lists), https://www.barchart.com/stocks/most-active/daily-volume-leaders (sort by clicking on % at top) & HB picks. List of premarket stocks of interest are noted at 8:45a, 9:00a and 9:15a.

a) Big premarket volume (news or earnings) >50k shares.

b) Price $10 to $35-$40/share.

c) Price move of at least 4% to 10% (but not more than 12%).

2) Mark support and resistance using HLC bars from 30, 60 min and daily charts.

3) Watch futures to trade with the market trend (money.cnn.com &  bloomberg.com/markets/stocks/futures).

4) Track first 4 (to 10) candlestick bars on 5 min chart.

a) Mark highest open and close of all bars from 9:30 to 9:50 and not later than 10:20 with trend line.

b) Look for price movement consolidation like bull wedge, doji candlestick, etc.

c) Need volume in excess of 200-250k shares by 9:50a (or excess of 500k shares by 10:20a) for liquidity to easily trade share lots.

5) Look for engulfing candlestick and price above 10MA after consolidation; or, look for bar up and another bar up to confirm break/move above high trend line (long) or below low trend line (short).

6) Look for narrow/tight bid-ask spread (indicates stock traded frequently).

7) Confirm using Stochs 15,3,3 cross up (long) or down (short) on 5min and/or with 1,2,and 15min charts if 5min indicates overbought (long) or oversold (short) on a price break trend lines and 10MA.

8) Enter trade limit order (or market order if tight bid-ask spread with heavy volume). Watch price action above 10MA (long) or below 10MA (short).

9) If price action is sharp movement up (long) or down (short), sell on price pullback breaking 21MA; otherwise, sell if price breaks 10MA. Confirm with Stochs 15,3,3 on 5min (and/or with 1,2, and 15min charts -- as noted above) -or- move stop loss (long and short) based upon support price lines setup in step #2 or points you see along the way.

10) Exit trade no later than noon-12:30p before Wall Street goes to lunch or continue moving stop loss.

Return is based on 10 trades of dollar amount gained divided by dollar amount lost. Goal is 3 or better.

Saturday, November 26, 2016

Peter Process



No further segments given the holiday weekend, but even with today ending at 1:00pm it was a good day. I was following three stocks that I was focusing on and posted to the TTT site: DWTI, INFY and CTRP.
I found INFY on barchart.com (it is was on NYSE) and CTRP as well on nasdaq.com. I tend to scout both exchanges if nothing catches my eye. These were selected for their large number of premarket shares traded and since each were $10+ stocks that have moved up and were in/close to the 4% to 10% (but not more than 12%).
DWTI was added too as the price of oil was dropping given the news early this morning which I had on another tab in the browser given the early premarket action.
I eventually bought 1000 shares at $70.35/shr (which is a more than my usual $35-$40/share given the fall in oil prices). I then rode the 10MA all the way up until 12:15pm when it broke the same 10MA when I sold for $73.00/share. I bought a bit later than 10;20am which usually do since it is an ETF that has tremendous amount of liquidity (shares traded). The engulfing candlestick was confirmation after the stock finished consolidation, had moved up through trend lines and then resistance horizontal lines drawn from 15min and 30min charts, One thing to note, if you review this on TC2000, is that Stochs 15,3,3 was in the overbought range for a while but by switching to 15min and 30min charts, I saw it moving up with no sign of cross down so I new it was not going to suddenly reverse on the 5min as this further confirmed its price holding above 10MA as it did),

Profit made was about $2,650.

book

https://github.com/getify/You-Dont-Know-JS

https://github.com/getify/You-Dont-Know-JS/blob/master/up%20%26%20going/ch1.md

JavaScript For Cats

https://www.gitbook.com/book/noblemule/javascript-for-cats/details

book - Ernie advice

Ernie: Read Chapters 22 and 23 of Technical Analysis by Kirkpatrick and Dahlquist, befire you consider quitting your job and relying on any trading system.


How to make money in stocks" by William J. O'Neil 

Friday, November 25, 2016

C# interactive brokers

https://www.r-bloggers.com/capturing-tick-data-via-c-interactive-brokers-and-mysql/

Wednesday, November 23, 2016

Peter process premarket

Peter_F

Your'e welcome. Let me know how your programming comes along. As to premarket information here is what I do. (I posted this a few days ago so look below.)

Look for premarket stock moves based upon news and earnings for possible picks with a lot of shares traded. Remember this is day trading, not swing trading or long term holds. We need gas in the engine to drive the trade. There are a lot of sites online but I look at:

HB's focus list and his early AM picks
http://www.nasdaq.com/extended-trading/premarket-mostactive.aspx
https://www.barchart.com/stocks/most-active/daily-volume-leaders

Narrow this list to those stocks moving from 4% to 10% (up to 12%), for long trades, and, the opposite, -4% to -10% (down to -12%), for short trades. On Nasdaq.com, look after 8:00 am. On Barchart.com, sort the list by click "%" at the top of its column and remember to look after 9:05 am as it won't display earlier.

One thing I would update is that on nasdaq.com, you would look to most advanced and most declined lists which update after 8:30 am +/-. Make sure you have today's date showing!

Peter process

F

With some down time before the big turkey fest tomorrow, I wanted to put together another segment to show how I traded JDST today given gold was dropping premarket. I trade ETFs differently than stocks and will give more how-to details later next week time permitting.

In this trade, I did what I would do for a stock trade but given the volatility of ETFs, one different thing I did was primarily use a 30 min chart (and 60 chart to confirm versus a 60 primary and daily to confirm) to mark support and resistance levels with the horizontal line tool in red as seen in pic4 below. I circled the HLB bars (use CTRL+B until you see them) to mark the common contacts of the high and lows looking back but not too far back. I tend to mark these in 25 cent or quarter increments as these are meant to be a guide and not specific targets.

After watching the premarket action and listening to HB, when the market opened I used the trend line tool to draw lines marking the high and low candlestick body points to define support and resistance from 9:30am to 10:15am. Generally these lines can be drawn to 10:20am but I seldom ever enter a trade using this trading strategy after this time.

As you can see from pic5 below, I entered the trade and then followed it until it broke the 10MA which was confirmed by the Stochs 15,3,3 cross down. I did not use a stop as I was eyeballing it on this trade. I also did not wait for a break of the 21MA as the climb up was not steep as I commented in another segment where I traded DSW.

I then decided to do a short trade given the Stochs 15,3,3 cross over and follow through going down. After entering this trade, given what I saw ("trade what you see"), I put a sell limit order in above the resistance line to cover all shares.

I could have traded long again but it was almost noon the day before Thanksgiving and I try to wind up before noon.

How did I do. I traded 2500 shares long at $39.95 (which is above my normal range) for a profit of about $1,250 and then traded 2500 shares short at $38.85 for a profit of about $2,500. Total profit amounted was about $3,750.

Again, this is a simple day trading strategy. The key is too pick your trade by getting ready listening to HB, going to nasdaq.com and barcharts.com (from which I found nothing today).

PA_Bob long term

my long term one are RSP VYM DHS I never sell them just add on dips

https://www.barchart.com/#/

Peter process

Peter_F

I have included a chart for DSW which I traded today for a profit by selling it when I saw it break the 21MA. I found it using barchart.com as I detailed in another segment given its premarket volume, premarket price increase being in the range of 4% to 10% and price under $35/shr. Good earnings report fueled this trade as number of shares traded exceed 700,000 in early market action by 9:50a. (I like to see 200,000 to 250,000 shares traded in the first 20 minutes to confirm premarket increases).

I also had BKS (which was too steep of a jump to trade) had it on my short watchlist. Note that both of these are listed on NYSE and not NASDAQ as NASDAQ is my market of choice given somewhat better price movements. This is just an example of this trading strategy being flexible as the simple rules will work for other trades if the set up and opportunity is there.

Result: I traded 3500 shares for a profit of nearly $1,750.

Mic process


MICK

Since there a probably a lot of TC 2000 users I thought I would like to share this indicator.  Proprietary to TC 2000, Time Segmented Volume (TSV) is a center line oscillator that is comprised of Time, Volume and Price.  Stochastics and MACD only have 2 components, which makes TSV a more leading indicator as shown on the chart below.  As Harry always says volume is key, but I have always found that volume spikes alone can be deceiving,   or at worst,  with no follow thru, you get a false entry.   As you can see in the chart of JNUG, price was moving SIDEWAYS  but TSV was RISING.  This divergence is indicating that volume is coming in and is forecasting a “pop” in price.  Once across center line it is a confirm, and seconday indicator for me is the cross of the mva’s. (my entry point)    Price popped and retraced to 50 a couple times  but mva’s didn’t cross over until much later which is my cue to exit not the TSV fluctuations.     (TSV is set to 18 period with mva removed and exponential setting in this example).    Anyways hope this can be useful to some on site.  Again my sincere appreciation To Harry for All his efforts, enrgy and Wisdom!  PRICELESS!!!

Joe_E

I use the the TSV also but at 12 with a 5MA as a signal. I Also use a Coppock Curve. Really I think it all comes down to what the indicators mean to you as the price action moves. I was not in JNUG at the time but both indicators would have kept me in the trade from about 2.55 till 3;50

Tuesday, November 22, 2016

Moving average

http://www.investopedia.com/articles/active-trading/010116/perfect-moving-averages-day-trading.asp

Monday, November 21, 2016

Peter process

F

Following up on what I have posted to date for you to consider, here is how I make trades using a 5 min chart. This is founded in trying to absorb and learn as much as I can to trade successfully. (Keep in mind that I have different day trading strategies and also swing trade too.)

First, a quick refresher... with a few added details... and one miscellaneous thing, I tried to shorten this up but couldn't!

Remember that I compile a list of premarket stocks based upon price $10 and greater, premarket price move of 4% to 10% and not higher than 12% (long) or -4% to -10% and not lower than -12% (short) based upon earnings report (good or bad) and news (good or bad), higher premarket volume of shares traded, and are on the NASDAQ from HB, nasdaq.com (top gainers and losers), and barchart.com (volume leaders up and down sorted by %), I am set to go.

And I use TC2000 Premium, as mentioned in other segments, to

1) Add each stock to a watchlist which I call "Daily Picks" and click the FLAG blue. I focus on less than 5 but if you are more liberal you can always add more like all stocks from HB's focus list and/or day trade list will work. All of my watchlists have the columns: flag, symbol, price, net change, volume, % change, bid, ask, bid size, ask size and sector (which I have but look at very seldomly). I abbreviate the names in the columns and squeeze them together to save space.

2) Look at the premarket price action on a 1 min chart to look for support and resistance like HB has taught everyone. Granted this is easier if a pick is on his list as I follow HB; otherwise, I do my best to chart these levels. I draw lines with the trend tool and use HLB (CTRL+B a few times) to line up highs and lows accordingly. Use 60 min and daily charts (or 15 min and 30 min if need be as this will help at times too) with the horizontal line tool to mark price support and resistance levels from prior price moves. See if there is overlap with step 2's drawn lines. At times these line up other times they are close. Keep in mind the more picks you have, the longer this can take until you do it effortlessly.

3) I try to stop 10 minutes before the open and line up my charts. I use % scaling with price up the side of the chart and it has: 10MA; 21MA; 50MA; 100MA; 200MA; Bollinger Bands 20,2; Parabolic SAR .20,.02; and VWAP. At a minimum you need 10MA and 21 MA. I also use from HB, under the chart: Volume with On Balance Volume, Balance of Power with Moneystream, and Stochs 15,3 and 3 (with red lines at 20 for oversold and 80 overbought and white line at 50 for neutral ). The latter indicator is a key for me.

4) Make sure the premarket price action is turned off. I have mine set to switch off in TC2000 automatically once market opens. To set this: right click chart then chart properties then pre/post data tab then "only outside of normal market hours" then OK.

5) Switch to candlesticks (CTRL+B) on a 5 min chart (CTRL+3). And open trade multiple tabs in your browser to trade. I use Fidelity's website so I duplicate the page with my account on it 2 or 3 times.

My layout has the main chart, the Vol/OBV, BOP/MS and Stochs 15,3,3 all in one column top to bottom and 3 watchlists to its right in another column. Top right: Dow, Nasdaq, SP500 with Gold, Oil, Dollar, T2106, T2108 and VIX for easy reference. Middle: "My List" of premarket picks all with the FLAG checked (see above #2). Bottom: A WatchList called Market Movers (my name for it) with conditions set for: list to scan=nasdaq (or US stocks if you prefer), stock price>$10, volume>200,000.

When the market opens, I am only looking at "My List" a 5 min chart using candlesticks. And I keep an eye on my Market Movers list to see how my picks rank by % changed in descending order (for long) versus other trending stocks.

1) For each of the picks in My List, I draw short horizontal lines (with the trend line tool) from 9:35a to 9:50a and as late as 10:20a at the highest upper body and lower body (not wicks) points of the candlesticks.

2) I watch each until a break of the upper line (long) or lower line (short) depending upon how the market is trending as I like trading with the trend albeit sometimes this does not happen.

3) To determine if a break can be an entry (long), I look within the lines I drew for consolidation or bull wedge or an engulfing candle move up and price being greater than 10MA. I also look to see if there is a close bid-ask spread. A large bid-ask spread can indicate a lighter traded stock without a lot of interested investors. We want higher trading volume to further energize the trade at this point.

If so, I enter the trade with a limit order at a set price depending upon where the ask is not the bid because it is trending up and I don't want to miss the entry. I mark the entry this on my chart with a green horizontal line that shows the price.

4) At this point the 10MA is my guide on the chart within the Bollinger Bands which is confirmed by Stochs 15,3,3 crossing up or continuiung up. Price has to be greater than 10MA.

5) I then look to horizonal resistance levels I have previously set in red to see where things could pull back.

If the stock has room to run, I place a set limit to sell 10 cents or so lower than the resistance to lock in my profit if this is my mindset for profit that day; otherwise, I always do one of two things: wait for a break of the 10MA (or 21MA if there has been a strong run up) that is confirmed by a cross down on the Stochs 15,3,3 OR put a stop order in after my entry based upon the support price levels that develops as the price moves up and through resistance. Stops can be at times under the entry price to start with too given price at this point is greater than 10MA. I use a yellow horizontal line with the price stop for this after I enter that order on Fidelity. I check the Stochs 15,3,3 on other min charts as well as I like the 15min as that chart gives me a bigger picture when I am using stops. I glance at 1min and 2 min as well to get a feel for the trend within the trend as well.

At this point for a long (or short) trade, you have a green line for price $ entered, yellow for the stop as you are cautious to protect capital and red to warn/remind you of resistance (support if you are eyeballing the trade versus hard stop). You can use other colors but these colors are easy to look at and connect with mentally without it looking like Halloween on your chart!

If I am not exiting out of my trade by eyeballing a break of 10MA (or 21MA) or stopped out, I tend to wind things up of the first break of the 10MA by 11:30a to Noon or, at the latest, by 12:30p. Why? There is a lot less volume or liquidity once Wall Street goes to lunch as HB always reminds us and, as a result, larger share lots cannot be sold as quickly. I look at this trading strategy as a quick few hours NOT an all day event.

Last, if I don't trade, I am good. Why force a trade if it is not there. And keep in mind this trading style is something I have learned from HB, is book and many different sources as every trader learns to crawl before they walk and walk before they run as I have adapted as best I could to suit how I try to trade successfully.

How will this entry strategy help? It is structured. It's plain and simple and it allows for room for price of a stock with premarket and early trading energy to move within a determined range eliminating selling too soon or holding on too long with a predetermined sell (price break 10MA or 21MA or stop order) based upon simple rules.

Success is guaged every 10 trades by dividing profit by losses for my return. My goal is 3 or better. So if I profit $25,000 and lose $6,000, that's a return of 4+.

I will be adding more segments as to how I trade ETFs (which is traded this way but with a few other things to consider premarket and during the day) in the next few days.

>> I have included a picture of OCUL which I did not trade but liked how it set things out to show a short trade. <<
pic2

23:11:58

0

Trading hours

http://www.cmegroup.com/trading-hours.html

Sunday, November 20, 2016

PRIDE, HOPE, FEAR & GREED



Geo_88
fwiw---.  repost for newbies PRIDE, HOPE, FEAR & GREED
Pride, Hope, Fear, & Greed -— Our Demons
You can master technical analysis and learn dozens of trading techniques, but if you can’t act in accordance with your own opinions, you will lose money.
All the personal emotions of fear, hope, greed, and our own ego will serve to distort your decision-making process and market timing. A trader’s ego is a double-edged sword. There must be a strong enough ego to motivate the trader to initiate a trade in the first place. Yet, on the other hand, many times this ego can keep a trader from taking losses when he knows in his heart, as well as his head, that he is wrong.
A trader must be able to continue to pull the trigger on trades and avoid making impulsive or sloppy trades where there is no edge. Much of trading is about knowing yourself. The market is a very expensive place to learn who you are. Learn the patterns and times when you get into trouble. Know the situations that are going to draw you into making spontaneous or marginal trades.
Problems arise when the adrenaline starts pumping, and pounding emotion; then the time when bad decisions are made. Pride, Hope, Fear, and Greed are some of the most dangerous psychological traps will ever have to overcome for investing with a plan.
Pride screams to don’t stop your loss!! To prove you are right!! It will end good, just wait.
Hope raises of going to buy a stock, hope for the best, and no good thing ever dies.
Fear advises to go ahead and take your profit quickly, We can be winners run, let’s take the profit(s) now because that profit could reverse, and We end up to a loss.
Greed speaks overconfidence that this trade can’t miss, I am sure it will be a huge winner, bet your whole account? We will be rich —and fast!
Living to Trade Another Day
Never dig yourself so deep into a mental hole that you can’t claw your way back out. Never do so much damage to your account that you have to stop trading for a while. Once you have made back a loss, you know you can do it again. Only by closing your losing trades can you start to heal again. It is very hard to trade well with losses on your sheets. Bad positions will be a noose around your neck and will keep you from putting on the good trades.
If you are frustrated, don’t think about the markets - find a distraction. If you get mad or frustrated, you are apt to make a poor decision.
Concentrate on getting experience. Intuition is just a sum of your experiences. Concentrate on bullding muscle memory and developing situational awareness.
To become consistent, you must control your emotions. The trading game is best played in the abstract. Segregate the real world household and living finances from your trading account. Have some money set aside to live on as well as to enough reserves to get back into the game.
If possible, do not stop trading on a losing trade. Try to make a feel good‚ trade.
Never think about real dollars!
Get the self-talk out of your head. (How do you cut out the internal dialogue? Have a structure, a plan, checklists, and a routine.)
People feel most comfortable in a congestion area, but this is the most dangerous place to play.
Recognize that sometimes the correct trade is the uncomfortable one.
If you can’t pull the trigger or are fighting a losing position, you will finally take action when you get angry enough about it.
Don’t force trades when nothing is happening. Instead, write things down. Doodle, draw, jot down patterns and thoughts, and keep a notebook. Writing with a pen or pencil frees up the mind from too much self-chatter.
Also, know when you are getting burned out. This is the one of the few reasons why a trader should stop making trades for a while. If you are burned out, get out and stay out for a bit.
Take a break. Change the scenery. Walk out of the office. Keep yourself fresh!

PA_Bob proces

my long term one are RSP VYM DHS I never sell them just add on dips

A Flat Top Breakout


Double bottoms also have chances of working

Peter process 11141943



Simpler method ... I use a ratio of profitable trades divided by losing trades. Over a 10 trade cycle, take $7,500 (winners)/$2,500 (losers), which would equal a return of 3 for a profit of three times more than loss.  I measure my return over every 10 trade cycle. I'm always striving to increase the return value. 10 trades is usually over the course of a week.

Peter process 1117162156



I am going to suggest some layout ideas to consider for trading more effectively. These are just suggestion as you can do what you would like with them but they have worked flawlessly for me. Here are the basic items I use to trade.
1) I use a 5 min chart. Too much noise on a 1 min even though HB loves them. Yes, I may not get every penny out of every trade but I think it is a better chart to trade with.
2) Use the indicator Stochastics 15,3 and 3 in TC2000 for timing entries and exits. This is invaluable.
3) I use 10 day moving average (10MA), 21MA and 50MA similar to HB. I also use the 100MA and 200MA. Each of these are relevant when confirming prices trends for resistance/support on 15min, 30min and 60min and daily charts which I glance at. 10 is dotted green, 21 is dotted white, 50 is dotted red, 100 is dashed light blue and 200 is solid light blue. (These colors work for me but it doesn't matter.)
4) Bolinger Bands 20,2 with mid channel line in slightly darker blue and Parabolic SAR .02, .20 (Again pick any color.)
5) Need Volume and OBV as well as Balance of Power and Money Stream like HB has. 
6) Chart should be % scaling like HB.
7) When I enter a trade, I use the horizontal price line with the price and color it green (for $ I've spent). I don't draw this, it a program horizontal line.
8) I use horizontal price lines for price resistance and support in red.
9) I use horizontal price line for stop loss price line in yellow.
10) I use horizontal price line for target price line in orange.
I included a pic of US Steel (X) I day traded today. This stock will not fit the typical day trading set up I will give you but I wanted you to be familiar with what it would look like if you drew it out. Looks like a lot of work but it really isn't.
Last point for tonight. Looking at #1 you will see that I drew 2 red small horizontal lines that delineate the upper body (not wick) and lower body (not wick) of high and low corresponding candlesticks between 9:30 and 9:50a. This is the first step once after we have a list of stocks to watch.

I will discuss how I look for stocks using HB's list and another source for an edge in trading. That will be detailed in the next segment as I don't want to do too much in this step.

 

Peter process 11181833


Here is my next step involving basics regarding your account and parameters for trading each day. 
1) Your account needs to trade on margin and have an account in which you can short stocks. Without these basics, it is hard to day trade successfully because you can't afford to wait for a sale to settle (3 days later) and you want to trade stocks moving down if the market is trending that way, respectively. To use margin you need a minimum of $25,000 or more on account. This will allow for 4 times the purchasing power. So $25,000 will allow for $100,000.
2) Using the $100,000 noted above as an example, you only want to trade 10% at one time. This would be $10,000. This is critical so you don't over commit and have a problem if things go wrong. You can always use more but I would not exceed 25% at any one time under any circumstances; otherwise, you will be putting yourself in jeopardy if a trade tanks. 
3) On any given day you need to establish "hard" stops in trading. I use a 2%/7.5% rule. This means if I lose 2% of my account capital (2% x $25,000 or $500) or gain 7.5% of my account capital (7.5% x $25,000 or $1,875), I STOP TRADING and close TC2000 and my browser and walk away.
4) All trades are sold by the end of the day no matter what. I prefer selling out by 11:30a or 1p at the latest as liquidity dry up as the day gets long. I always remember HB commenting that traders want to wind things up before they go to lunch. Granted they all come back by 2p, and, at times, there are good trades from then until 4p, but not as good as in the morning.
5) One trade at a time. Remember, you are 1 person in front of 1 computer (regardless of the # of monitors) and can only focus 100% to 1 thing. Yes, I'm sure you can do 2 things too, but remember with day trading, you want to stay focused and not assume or leave something to chance.
6) Need to get your computer screen set up for efficient trading. I have TC2000 Premium on 75% and browser with Fidelity on 25% will tabs set to my account and orders. Having 2 monitors would be better but I had 3 at one time and it was overloading me. Make sure you have what you need without overdoing it. For day trading, in my opinion, less is more so you are not as easily distracted.
7) Think in terms of liquidity. This is key. You can buy 1,000 shares of $10 stock for $10,000 versus 100 shares of $100 stock. I limit my stocks to $10 to $35 and have, on occasion, purchased higher priced stocks. Think of it this way: 25 cents on 1000 shares is $250 versus $2 on 100 shares being $200.
8) Preserve capital. Everyone hates making a bad trade including me but if you cut your losses, you will end up with more in the end on an aggregate basis. How many times have you been "married" to a stock you picked and despite what you see technically, you hold it as it is going down (long trade) and then find yourself hoping it will break even. Not good. This is a missed opportunity to use the same capital on another trade for profit. And, like it or not, the farther down it goes, the longer, if you are lucky, it will take to get even.
9) Never buy more share on a failing trade. This is called "averaging down". Do not do it. It goes hand in hand with the old saying, "throwing good after something bad". You will lose more. Trust me, I was guilty of this when I first started trading and it cost me.
10) Learn to peel off on a successful trade. Sell 50% then 25% then 25% as the stock improves in price while moving your stops accordingly. I do not do this all of the time but I do use it in volatile markets to ensure I take my profit. Think of it this way ... if you can make $500 peeling off isn't that better than waiting, getting caught in a reversal, then hoping it breaks even, and, when it is close to breaking even (after you most likely have wasted hours waiting), you then sell to break even because of desperation.

Next segment, tomorrow, I will give you specific things to do to compile a watch list each day that is easier than you would think.

Peter process 1120160717

Continuing with information for you to consider when trading is how to setup and then narrow a watch list without having so many picks you get lost.
Here are some helpful things to do:
1) Trade NASDAQ or ETFs (NYSE) only. We need good price movement or volatility to profit from trading. 
2) Only pick stocks priced $10 or more. My limit is $35-$40. Sometimes, I buy higher priced but not too often. The key here is leverage. Given my example last segment of $100,000 margin power (or 4 x $25,000 working capital) with 10% per trade, you only have $10,000 (+/-) to trade with. Buy 1000 shares of a $10 stock, 500 shares of $20 stock, etc.
3) Look for premarket stock moves based upon news and earnings for possible picks with a lot of shares traded. Remember this is day trading, not swing trading or long term holds. We need gas in the engine to drive the trade. There are a lot of sites online but I look at:
4) Narrow this list to those stocks moving from 4% to 10% (up to 12%), for long trades, and, the opposite, -4% to -10% (down to -12%), for short trades. On Nasdaq.com, look after 8:00 am. On Barchart.com, sort the list by click "%" at the top of its column and remember to look after 9:05 am as it won't display earlier.
5) Next, create a watchlist in TC2000 Premium with the symbols you are following. List should have columns: flag, symbol, price, net change, % change, bid, ask, bid size, ask size and sector. I abbreviate these to squeeze the columns together. (More on why I like these in the next segment.)
6) Draw support and resistance lines in red with the horizontal line tool that displays a price. This is a key part of day trading. If HB has picks on your list, follow him on the 1 min premarket chart and then go to the hourly and daily charts to do the same. I utilize HLB bars (CTRL+B) to switch it to for this. Keep in mind that previous highs and lows will be what you are looking for. It takes a little practice to line things up with the horizontal tool but once you practice it, it's not that hard.
7) Next, draw channel lines on daily chart with the trend line tool. This was an invaluable thing I learned from HB. The channel is helpful to outline where the price is moving. I also draw mini-channels and flags, etc. as the trade develops as I am sure everyone does but charting is a key not to be overlooked.
8) For PC users, practice flipping through time charts each mornining until it becomes seemless. Do CTRL+ press 1, then keep holding the CTRL key and press 2, then 3, then 4. This will allow you to quickly switch from 1 min to 2 min to 5 min to 15 min charts - or - hold the CTRL down and scroll with your mouse. Easy once you know how to do it!
9) At this point you should have 2 to 5 stocks you are following. Switch back to candlesticks (CTRL+B a few times) and go to a 5 minute chart.
10) Watch the premarket futures to see which way the markets are trending. Most of my picks are from the NASDAQ but I keep a mindful watch of the SP500 to confirm trends. Depending upon the trend, I then look to trade long or short further enhancing my focus without deleting any picks from the list.
I do not trade anything from 9:30 am to 9:50 am (or as late at 10:20 am depending upon what develops). In these first 20 minutes and then some (which a good friend of mine in the room calls "voodoo time"), we will only draw lines to easily indicate what stocks can be considered good trades for profit. Why, I learned from HB about waiting for the pull back and watching how the price trend develops. Each day I remind myself, "practicing patience makes profit".
Last, I have included a couple of pics from Friday to show what I was looking at premarket and why as I marked it up. These were put together fast so I apologize for how my scratch marks look 
In the end, I did not trade any of them which I circled. Look at the % range, the price and the volume. Then, if you can, look at what MRVL and CRM did early morning on 5 min chart in TC2000 with candlesticks. I also did not play DRYS (way too risky) or PTCT (lack of premarket volume).

Next segment I will pick up on MRVL and CRM and then outline how to enter a trade, watch the price action, and exit (or stop out) for profit.
 

Friday, November 18, 2016

Peter picture

Peter Stock Trading

Peter_F

I am going to suggest some layout ideas to consider for trading more effectively. These are just suggestion as you can do what you would like with them but they have worked flawlessly for me. Here are the basic items I use to trade.

1) I use a 5 min chart. Too much noise on a 1 min even though HB loves them. Yes, I may not get every penny out of every trade but I think it is a better chart to trade with.

2) Use the indicator Stochastics 15,3 and 3 in TC2000 for timing entries and exits. This is invaluable.

3) I use 10 day moving average (10MA), 21MA and 50MA similar to HB. I also use the 100MA and 200MA. Each of these are relevant when confirming prices trends for resistance/support on 15min, 30min and 60min and daily charts which I glance at. 10 is dotted green, 21 is dotted white, 50 is dotted red, 100 is dashed light blue and 200 is solid light blue. (These colors work for me but it doesn't matter.)

4) Bolinger Bands 20,2 with mid channel line in slightly darker blue and Parabolic SAR .02, .20 (Again pick any color.)

5) Need Volume and OBV as well as Balance of Power and Money Stream like HB has.

6) Chart should be % scaling like HB.

7) When I enter a trade, I use the horizontal price line with the price and color it green (for $ I've spent). I don't draw this, it a program horizontal line.

8) I use horizontal price lines for price resistance and support in red.

9) I use horizontal price line for stop loss price line in yellow.

10) I use horizontal price line for target price line in orange.

I included a pic of US Steel (X) I day traded today. This stock will not fit the typical day trading set up I will give you but I wanted you to be familiar with what it would look like if you drew it out. Looks like a lot of work but it really isn't.

Last point for tonight. Looking at #1 you will see that I drew 2 red small horizontal lines that delineate the upper body (not wick) and lower body (not wick) of high and low corresponding candlesticks between 9:30 and 9:50a. This is the first step once after we have a list of stocks to watch.

I will discuss how I look for stocks using HB's list and another source for an edge in trading. That will be detailed in the next segment as I don't want to do too much in this step.

Tuesday, November 15, 2016

Who has lower expenses in index investing?



https://www.fidelity.com/mutual-funds/investing-ideas/index-funds?&imm_pid=700000001009773&immid=100144&imm_eid=e12073266097&gclid=COGRtpiSrNACFRRDMgod4f8FHQ&gclsrc=ds

Friday, November 11, 2016

investment company

http://www.soltisadvisors.com/

http://www.checkcapital.com/

https://thinkingbeyond.com

investment company

http://www.soltisadvisors.com/

http://www.checkcapital.com/

Saturday, November 5, 2016

37 years never seen this week
FB  move up in small vol is a sell signal
NFLX down 108
MSFT
FSLR falling kife
BIDU
INTC
SMH (etf)
BIB (etf) 34 low 35+ friday 106->
LABU  (etf) +9% testing 21 stop 24.40 56->24
CELG  105
BIIB
AMGN  177-133 -> 144 timing
ISRG
T2106
T2108 77% 12000 below 40 day -> 10/13

Gold
GLD 125-> 129
GDX  ->20 S2 18
SLV
RGLD -> 53
NUGT 50M 16.88 T14 TST11 To7.75
DUST R38, T40
JDST R (not as good as NUGT)

FAS
BAC up
GS
JPM
WFC terrible
****UVXY (up 9 days in a row) R21.80 -> 26
SVXY below support and trend

Oil
****DWTI R 967

ACIA down 1/2
TWLO 40% down T29 -> 35 falling knife
AERI downT  wait
*****AGX  S53 -> 80
*****ALRM -> 50
***AMAT buy at mid 20
AMD S5.65
*****AMKR T12-16
ARRY T6.2 S5.25
AVP down 5
****AVXS  T78 +4 on friday
****TSRO  S110
****EGRX  R78
******AXDX T25
BCOR
 BVX S4.45
CARA

Sunday, October 30, 2016

Saturday, October 29, 2016

Sat


SP-500 2150
over sold 2070 1910
NDX 4911 4760 test -> 4650

gold oil supprsing

many short breaking down
sell off,
NDX negative devergence
iwm etf russell 2000 112, 108 broken
DJ-20 up no break out
DS-15 down 615 now 662

NDX
AAPL key support 111.50, 109, 101-2 S 107, 108
AMZN 755 -> 799 725 short
GOOG 791.50 S 779
PCLN S 1450
FB S 129/128 ->122
NFLX S 125 S 116.5 long term 180
BIDU S 170
ISRG 650 -> 610 (short)
MSFT test 58, 56
INTC S 34

CELG 101.65 B 106
AMGN 177 -> 139.40 -> 129
BIIB not a good picture
GILD -> high 60

t2106 +125 -120 -82 -150 trigger rally -200
t2108 above pma40 29% 70% downtrend
VIX-X
time to be very very care

SMH 45-70 bear flag
defense UBS
timing is everything
-> 9 stop at 90

BIB
LABU 55->28
may bounce and go lower
LABD

gold & oil
GLD
AEM 43, 39
NEM
NUGT break 10, 8.50 3x go 3 times faster stop Friday low 
USLV (silver) -> 14.5
SLW -> 18
PAAS
AG

USO ->10.85
DWTI 75 break down chanel
ERX sideways (big short)
CWEI 60->99

*UVXY T18/19, 21/22 25/25.5 (only day trade)
GS, MS, C, BAC, JPM, FAS (watch)
FAZ watch ->33
*SVXY
SX50

ABEO 5.40 all bio are dangerous
ACAD
ACIA market trouble, market favariot in trouble -> 50H cut in half
AERI brk 36 -> 31 down trent
*ALRM -> 50
*AMAT bear flg -> 25 dangerous
*AMD b 7.50
AMID Stop13.70
AMKR S8.40
AOSL
ARIA no bounce, overshold
ARRY stop 6 5.15
*AVP  -> 5.80
*AVXS S 43, B50
*AXGN  if B9.30
**AZPN
**BCOR
**BVX (if bullish 8)
***CANN -> 8 or 9
***CGC -> 9+
***CGRW -> T4 S 1.7
CARA dangerous
***CARB
***CC
***CETX T5.65, 6.60
CLCD S29.5 long term greate chart
*CLD
*CLSD S18
CLVS S29 R35, 38 (not happy)
CPE brk trend chanel
**CRK carefull S9.20 B10
CRNT T4
CRUS  watch reversal day b 58->65
CRY S16.5
CWEI
*CWST
DEPO break MA50 move aside
EDIT
***EDU
***XRS
EMES
ERII
ETSY broke
EXAS lossing momentom buy at???
EXEL -> 9.
EZPW roll over
***FELP 8.75
FIVN brk trend line
*GIMO could be 100
GOL
GRAM
GWPH S
HDSN S6/5.90
IGT
IIVI  T30+
IRBT S47
***LMAT T25
LNTF S7.5
***MB T23
***MENT T30
***MIME S18 T24
***MOMO
***MRCY T32.5
MTCH S17 T20
MU S16
*NANO (thin) B25.5
*NKTR oversold
*NOVN
****NTRI (mistake), move 29.75 T30
NUS tripp
NVDA S69.50 H70-80
PBYI S36 broke
PRMW
?*RDCM  S19.10 -> 15
REN S25.75/26
SGYP T4.25
SHOP S39.5
****SKYW R
SLCA S26.5 24
SSTK
?
STML T14/18 S
***SUNW R3.40
SUPN broke
SWFT  T24 need better market
TERP S12.5
TNA
TSRO
***TTMI T20
****TTWO S41 B47 T57
TWLO S33
USAT
***VMW
*VUZI Slow 6
WB broken careful
***WDC
XNCR
ZUMU S20 R23 (wrong time for market)
ZYNE

SHORTS
AAP  -131
AIRM
AMCX
AMSG T55, 48
ATHN  T92
CAH SRT70 S63
CEB SRT40
CMG SRT250
CMPR 68/63 S75
COO S174 T162/152
CRI
DG T60
DVA  T50
DXCM T70/60
ESRX T57.8
FLO T112
GIII  T22
HON B105 T99
IPXL  T49/45
LSI T74
LXFT T42
MCR T130, 95
MELI T155/147, 128
MHK
MIK T21
NVO TST 89
PRXL 56-> 40 42
PZZA S73 ->6?
ROG
RRGB T30H
SHW 
SIG T63
SIMO T30
SPLK R62 bear flg, not idea short
TFX  break down bear wedge, internal trend line, T125
THRM T23
TXRH T34/5
*UA T22.5
VEEV T32.5/29
WAT T128/120
WBMD T46
WHR T120
WOOF T58/54

WFC
TER T30 greate chart losing technicals
LMT 240 T25 extra care
*BOH
TCBI