Aapl up and down

Before  12 PM

Price go up

Then around 1 PM drop very low

catch pbyi

It goes high in the morning and drops to lowest after it gets high

get the highest in the history and calculate the average lowest distance from the highest and the previous day close, so buy at the lowest.

application

1. feed in the daily #
2. generate daily high and low distance
3. print out distance by Mon - Friday.
4. use this data to catch lowest daily of PBYI

I tried today and missed 1/2, I thought 80 cents low from the yesterday close, but it had dropped more than $1.5 from yesterday, so all my buy stopped out.

So need to put in trap between 80 cents to $1.5 or even $2, so it can catch. But there is a price to pay for each try lost $26.66 for two tries.

Gap

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis

Support & resistance

http://www.rightline.net/education/supportandresistance.html

Idea needs test

Set up a series buy and stop before market open

If stock go high in 1 minutes 3 times buy and trailing stop 25 cents

If at another price do the same

Friday
For stock xyz at end of day buy and stop 25 cents lower (this for stocks go up immediately on Monday)

Stop price for all stocks

Sold right at spot

I bought 1250 shares of PBYI yesterday and price dropped $2+ and paper loss $2400+

I was panic because it was a sell off,  I did not even have time to put stop.

The tendency last time was when price drops,  I just buy more and continue buy more and eventually bought 4700,  and paper loss was 8000.

So this time I bought much less,  only bought 3 times.  500 once,  then another 500, then it dropped too low,  I bought 250, in scaring if continued drop.

Later on,  I asked Fidelity,  they said you can use conditional trigger, when 1st order triggered and filled, trigger the stop order.

This morning I put on stop at 69 to sell 1250 shares,  I know when market open it will have few minutes of high time. I put on 69 and which is above yesterday 67.97,

When market open it jumped over 69, made 1000

After sold, always check lowest and buy back

Always sell on high,  if not knowing the highest, raise stop 10 cents each

Always buy lowest even after a big win

Don't just sell,  when drops watch every 10 cents move

If turning buy back

Then repeat the entire process till end of day

trade station free classes

http://www.tradestation.com/education/events/on-demand-webcasts

dpratl@tradestation.con

http://hubertsenters.com/about/

http://hubertsenters.com/about/

daily check list

morning check list
 which stock got news this morning or yesterday __________
 what is the buying price_____

after big win and still have some left
  save for next day or sell off if price goes down and watch closely and immediately buy back (if   today is the big news day)

Trading check list

Have a plan; hope is not a strategy

Protect: Prepare for a Crash, don't be reckless, have shorts/puts/inverse ETFs, gold, be hedged, etc.

Stop losses

Protecting your capital is your first job.  Profit is second.  If you are down, always take the loss on a day trade - never decide to swing it overnight in hopes of a recovery the next day

Pick days that you know will trend and be good or for sure reverse etc.; choppy days and narrow range days may not be good

Challenges trading on Fridays including 3rd Friday of each month (options expiration)

Don’t chase

Be aware of clinical stage biotech’s, development stage companies, and others with un-established businesses/revenue streams that could go to zero

Trade what you see, not what you think - "Don't Anticipate"

Focus on stronger probabilities - Only the right set up...WAIT

Buy and sell at extremes

Wait for the turn

Know the short interest / days to cover (DTC)

Save buying power

Scale / Accumulate – “scale in, scale out”

EVENT ANALYSIS

Watch out for potential secondary offerings

Watch earnings dates, litigation and other events such as FDA decisions

Employment reports, Fed speeches, Fed decisions, oil reports, etc.

MARKET / TIMING ANALYSIS

Watch the “Generals” (Google, Netflix, Amazon, Priceline, Amgen, others)

Futures

What happened in Asia overnight

How Europe closes

Watch the US Dollar (UUP, futures); dollar up – metals, commodities down

Oil: Open Outcry (pit session): 9:00 AM until 2:30 PM, ET

COMEX/NYMEX Trading Hours - Gold: COMEX - 8:20 AM - 1:30 PM ET

COMEX/NYMEX Trading Hours - Silver: COMEX 8:25 AM – 1:25 PM ET

Impact of 10-year US Treasury

TICK, TRIN, Advance, Declines, McClellan oscillator, VIX and VIX volatility indices (VVIX)

TIMES OF DAY

Notable Reversal Times

9:30 - 9:35 a.m.

9:50 - 10:10 a.m.

10:25 - 10:35 a.m.

11:15 a.m.

12:00 p.m.

12:45 p.m.

1:30 p.m.

2:15 p.m.

3:00 p.m.

3:30 p.m.

Major Reversal Times

9:30 - 9:35 a.m.

9:50 - 10:10 a.m.

1:30 p.m.

2:15 p.m.

3:00 p.m.

4:01 p.m.

TECHNICAL ANALYSIS

Key oscillators / Chart Studies  OBV, ADX / -DI / +DI, RSI, Balance of Power, Ultimate Oscillator, Trend Quality, Parabolic SAR, PriceandvolumeTrend

Bollinger bands

Charts: various timeframes – monthly, weekly, daily, 60 minute, 15 minute, 5 minute, 1 minute, etc.

Angle of ascent: 45 degrees

Breakouts "with volume"

Fibonacci retracements

Know support and resistance numbers

Know the 50 day and 200 day moving averages; watch moving average crossovers

Support / Resistance / Volume

The trend is your friend

Where in the channel, or Bollinger bands

Trend lines

Waves

5 waves on a stock by lunch, sell it

Normal stocks don't pull back on big volume

Patterns..cup and handle, head and shoulders, inverse head and shoulders, minor gap continuations, low volume ebbs, flags, pennants, wedges, etc.

For more info on the following, including chart examples:  http://www.investopedia.com/university/charts/charts7.asp

    Chart analysis is the technique of using patterns formed on a securities chart to formulate buy and sell signals.
    There are two types of chart patterns: reversal and continuation.
    A continuation pattern suggests that the prior trend will continue upon completion of the pattern.
    A reversal pattern suggests that the prior trend will reverse upon completion of the pattern.
    A head-and-shoulders top suggests a reversal in the prior uptrend.
    An inverse head and shoulders suggests a reversal in the prior downtrend.
    A cup-and-handle pattern is a bullish continuation pattern that suggests a continuation of the prior uptrend.
    A double top is a bearish reversal pattern, which suggests that the preceding up trend will reverse after confirmation of the pattern.
    A double bottom is a bullish reversal pattern, which suggests that the prior downtrend will reverse.
    There are three main types of triangle patterns - symmetrical, descending and ascending, which are constructed by converging trend lines.
    A symmetrical triangle, which is formed when two similarly sloped trend lines converge, typically suggests a continuation of the prior trend.
    A descending triangle, which is formed when a downward sloping trend line converges towards a horizontal support line, suggests a downward trend after completion of the pattern.
    An ascending triangle, which is formed when an upward sloping trend line converges towards a horizontal resistance line, suggests an uptrend after completion of the pattern.
    Flags and pennants are continuation patterns formed after a sharp price movement. The move consolidates, forming a flag shape or pennant share, and suggests another strong move in the same direction of the prior move upon completion.
    A wedge chart pattern suggests a reversal in the prior trend when the price action moves outside of the converging trend lines in the opposite direction of the prior trend.
    A gap is formed on a chart when there is an empty space between two time periods. Common gap patterns include: common, breakaway, runaway (measuring) and exhaustion.
    A triple top is a reversal pattern formed when a security attempts to move past a level of resistance three times and fails. Upon failure of the third attempt the trend is thought to reverse and move in a downward trend.
    A triple bottom is a reversal pattern formed when a security attempts to move below an area of support three times but fails to do so. Upon failure of the third attempt below resistance the trend is thought to reverse and move upward.
    A rounding bottom is a long-term reversal pattern that signals a shift from a downward trend to an upward trend.

Traderdecision.com

http://timothysykes.com/traderchecklist

http://timothysykes.com/traderchecklist

Need to have a tool measuring buy and sell condition

Reader check list

One day big difference

I owned 4700 shares of PBYI and I had certained kind of spirit stirred up in my heart to let me know it is going down to $58 range on Friday and told me to sell on Monday. 

I was panicking because if goes down 58, my paper loss is over 10,000. Friday paper loss is close to 8,000.

Saturday Harry told me sell 1/2 when below 58.5,  and another 1/2 @55,  he believes it is a 75 stock.
https://www.thetechtrader.com/members/atchat/?q=pbyi

I feel it is safe to keep it as is on Saturday.  Then I was panic thinking to sell on Monday in 4 groups. But Earnie who is a member of the tech trader said wait till market open to decide.

So when Monday market open and stock went higher,  I sold 2700 made 1000+ which made feel less pressure,  also bought 250 shares more since price low at 58.96.

Then started worrying why I didn't sell everything, I had feelings to leave them and wait for higher prices and less loss.

Then the next day on Tuesday around 8 AM the news came, FDA accepted application of PBYI. The stock jumped $9 during the day,   so I sold all and made close to $10,000 in one day. I could made more if sold fast enough.

This is an amazing experience.  I don't know how many kind of sprits can get into my heart.  If I sold on Friday,  or sold all on Monday then I missed entire gain.

I should have waited till it really get to the stop point before panic selling 1/2 plus. It was pretty close. It was 58.95 at the end of day on Monday.

One news arrived on time saved me from loss big,  and turned into the highest realized gain in one day

when iphone release

Goes down hard for two days
$4

Then up
$4

So 3rd day is the buy day

4th day is the sell day

Fibonacci retracements

if previous day hold a high no fluctuate then next day need to buy high

Because it will go high

buying

if stock going up buy immediately when open, because previous day bulish (it stable at the high price)

test

https://www.spiketrade.com

trade armor

Bring up the Trade Armor box. Click on Trade. Go to Action drop down and select Sell Bracket (OCO). Sometimes when market is closed if the bid has drop really low, it will say your stop is below current bid. 

risk managment

Ernie: I decide where the stock will be stopped, and estimate my probable entry point. Then I decide the maximum amount I am willing to lose on the trade. From this it is trivial to claculate the number of shares to buy - you can write a little program to do it. Then you cannot lose more than the set amount. Furthermore, you can then calculate your profit if the target is reached and decide if it is sufficient to justify the amount being risked in the trade.

software

http://www.trade-ideas.com/

http://www.schwab.com/public/schwab/active_trader/trading_tools/trading_software

https://www.fidelity.com/learning-center/tools-demos/active-trader-pro-platforms/placing-conditional-orders-active-trader-pro-video

Stop and indicators

Labu indicator

gchu

GIMO stop is $43.50, 9/1 it went down to $43.27, if I used HB stop,  I would have exited already and lost $2+ per share,  but I changed stop to a little bit lower,  so it survived,  and it is back to $44.53. Just wondering can change stop a little lower.

Same thing happened to PBYI twice,  it went down to $55 range and came back to high as $60+, but stop is set at $56. So it seems to me,  if lower stop 50 cents per share makes a big difference.  Just my observations. Any thoughts?
21:46:44

billy49

I'm in both made alot of money in pbyi, in and out 5 times held gimo still waiting.  MY perception is HB gives great ideas on swings but nobody gets them all right all the time and sometimes we have to make our own adjustments and decisions. I think these are 2 great swings. just my opinion Good Luck!
22:08:03

gchu

It also happened to LNTH, it stopped out then came back. I did not buy that one, but I watched.  do have time to do a statistics of all suggested pricing and results. But I watched these three.
22:20:20

FlowerGirl

gchu, I agree with you. I was also in PBYI and got stopped out for a small gain.

But you have to realize that HB initially provided the swing on PBYI at a much lower price, at $41.60. So to get stopped out at $56 would still be be a $15 gain per share.
22:20:35

billy49

I got stopped out on lnth and never went back in. I've been kicking myself because it has since been succesful. I would agree there are a lot of potential trades  and you can't take them all.  All in all  I consider myself fortunate to have found the site.
22:30:22

gchu

I bought at PBYI at $41.59 way back at 7/28 when HB put it out. So watched this stock for a long time. Amazing stock. Especially this week, after I sold at $60+ and in a minute or two, it dropped to $55 range. I was amazed about the timing. Trading stocks is a very dangerous game. You thought you win, but the next minute the $$$ just like a bird flying away.
22:41:56

FlowerGirl

OK, wait. You bot at $41.59, you sold at $60, and after you sold at $60 it fell to $55.

What are you complaining about?!
22:44:29

gchu

I in and out several times, not complaining, just share thoughts for possible improvements.
22:49:19

billy49

If you figure out the absolute best ones I'm all ears.
22:54:26

FlowerGirl

Well, my take on PBYI is that it is the next major biotech takeover candidate over MDVN. It sitting at around $57-$58, but the all time high is above $250 less than 2 years ago. There are only 32M shares outstanding and 99% are owned by institutions, so the float is very small. The price will be volatile, but this thing could shoot up big time...but it may take some time.

I bot MDVN in early May in the $50s and held it until the acquisition by Pfizer was announced, sold at $80.50. I'd like a repeat with PBYI.

The other biotechs that could be takeovers in my opinion are NKTR and EXEL.

Takeover candidates in other sectors include CY, MRVL, SHOP, RDCM, SSTK, and CRNT. All have good charts and have been covered by Harry.
23:13:18

Slider

HB's stops may not be perfect but they will save you more times than they stop you out prematurely.
23:21:43

gchu

Thanks FlowerGirl. very educational.
23:26:04

Ernie

When you hear HB talk about a chart, usually he will phrase it as "Stop Under" meaning that he is indicating the support area and you should stop under it allowing for expected volatility. There are a lot of useful volatility indicators such as Bolinger bands. I usually look for the features of the chart that show why HB chose that line as support and then go under that by an amount that depends on how volatile the stock is. That amount will be very different for, say, a thinly-traded, low-cost biotech than for a heavily-traded, high-cost consumer defensive issue and so on.
00:18:00

BK

LABU is an indicator of Bios...follow LABU for most Bio's directional movement