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Post by forthefuture on Mar 19, 2015 19:20:53 GMT
Just wanted to start a place for people to post about general trading strategies - indicators, brokerage platforms, resources, new techniques, etc.
I'll post some thoughts later.
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Post by forthefuture on Mar 20, 2015 0:32:44 GMT
Not sure how many people on here are into trading, instead of "investing" but in case there are, thought I'd get us started.
I've only recently expanded into the trading realm in the last maybe 9 months. Started out with etrade (not Etrade Pro) as my brokerage but just switched over to TD Ameritrade's ThinkOrSwim and really like it. Lots more powerful functionality compared to etrade which I would characterize as more of a home amateur platform compared to TOS.
I trade strictly bios and used to hold about 6-15 months, but have recently shortened it down to 5 days - several months. The idea being that I want to minimize risk and being nimble helps with that, at least thats what I believe. It helps that the IBB and XBI indices have been so strong the last several years.
I used to trade based on previous support/resistance and moving averages, but have recently started to think about moving towards a strategy almost strictly utilizing RSI. Buys at below 30 RSI at the weekly and daily level. Haven't started the mew strategy yet though. Been doing some charting to ensure it's a viable strategy.
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Post by Yelk on Mar 20, 2015 2:40:48 GMT
I'll dive into this tonight if I get time. Looking to make this my full time job after all within the next year so it's an important subject
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Post by Yelk on Mar 20, 2015 3:30:21 GMT
Brokers and day trading:I've learned over the last while that picking the best broker is a #1 priority especially if you want to do day trading. The reason for this is shorting. Being an investor myself in fundamentals I found shorting annoying, hard to understand and simply seemed foreign. If you want to do any profitable trading shorting is a MUST - that is where the money is at and to do that you need a good broker with good borrows that are fast and available. I've been learning how to trade through investors underground. www.investorsunderground.com/. The site is led by Nathan Machaud self made millionaire from a few thousand now has an undisclosed amount of millions in just a handful of years. Nathan focuses on a few key trades and I'll show you examples of my trades that I did today. They also use a chart room of 700-1000 people during the day. A) Parabolic shorts. Parabolic means the rate has changed exponentially faster to the upside at a rate it simply cannot hold. We like to short this all the way into the ground with a set risk at the highest point and take profits along the way. Faders are stocks that have run their course and are just fading off due to lack of interest. The example of today's trade demonstrates these 2 opportunities. The strategy involves identifying a stock with millions of volume and a large audience with good news, but not overly insane news. We short it on the huge candles (going parabolic) when we think it is overbought. Obviously I started in a bit early adding shorts but you can see it can be ridiculously profitable. Although I was using paper money at the time if you used $10,000 and executed the trade as shown it would have been an easy $2,000. The best part about these moves is with experience they are very very predictable. The fade is also an easy prediction on this type of stock. It is important to take profits on the way down in case you are wrong and the stock regains strength and makes new highs! When trading it is important to avoid low volume stocks, or stocks that are consolidating. These stocks can do literally anything during the day and should be avoided at all costs. B) ABCD long. This is the most simple and best for beginners (although I find shorts the easiest). When you form a ABCD with a higher low after a large up and down without breaking resistance it shows upside pattern forming. Will edit this when I get time. Thought I would start with day trading then go over my long term/swing investing. This forum is more geared towards investing anyways so.
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Post by sheikyabooty on Mar 27, 2015 2:04:04 GMT
Just wanted to start a place for people to post about general trading strategies - indicators, brokerage platforms, resources, new techniques, etc. I'll post some thoughts later. I posted some thoughts in the mish-mash forum. Here is my latest approach to the wonderful world of stochastic processes in finance: 1) I have my cult core position in OCAT. My average is 7.30. It's dead money for now and is a long term bet, that may or may not pay off. 2) I have a watch list of about 30 biotechs in StockCharts.com which I look at every night after close. I am looking for chart patterns, especially triangles as I have noticed that they can lead to explosive breakouts (sometimes). Here are some examples I have collected: If you can catch a few of these a year it will make up for all the other clunkers and more. Unfortunately, the algorithms for identifying these patterns are very hard to implement and I've not seen anyone do much better with it than I've have, which means that it is going to be a manual strategy with experience determining how well patterns are recognized, though recurrent neural networks trained with multiple examples might work. 3) I have prior experience with developing automated trading programs in Java and R and have been looking for new ideas to automate. One thing I've found out painfully is that the market dynamics are continually changing and when you think you have a system worked out it will often change on you and become a clunker. You need to test your system for robustness in a variety of market conditions before you can bet money on it. I have some ideas from a couple of gurus that I am currently researching as the basis for an automated system.
How many people have a written system with explicit rules for entry and exit?
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Post by Yelk on Mar 27, 2015 4:12:17 GMT
Just wanted to start a place for people to post about general trading strategies - indicators, brokerage platforms, resources, new techniques, etc. I'll post some thoughts later. I posted some thoughts in the mish-mash forum. Here is my latest approach to the wonderful world of stochastic processes in finance: 1) I have my cult core position in OCAT. My average is 7.30. It's dead money for now and is a long term bet, that may or may not pay off. 2) I have a watch list of about 30 biotechs in StockCharts.com which I look at every night after close. I am looking for chart patterns, especially triangles as I have noticed that they can lead to explosive breakouts (sometimes). Here are some examples I have collected: If you can catch a few of these a year it will make up for all the other clunkers and more. Unfortunately, the algorithms for identifying these patterns are very hard to implement and I've not seen anyone do much better with it than I've have, which means that it is going to be a manual strategy with experience determining how well patterns are recognized, though recurrent neural networks trained with multiple examples might work. 3) I have prior experience with developing automated trading programs in Java and R and have been looking for new ideas to automate. One thing I've found out painfully is that the market dynamics are continually changing and when you think you have a system worked out it will often change on you and become a clunker. You need to test your system for robustness in a variety of market conditions before you can bet money on it. I have some ideas from a couple of gurus that I am currently researching as the basis for an automated system.
How many people have a written system with explicit rules for entry and exit?
Good post. I look for similar lines which I call "lines in the sand". These lines are excellent for shorting or going long, on this forums I imagine more people are buying vs shorting. I like these critical points when it bounces off the same bottom twice for triangle because the risk is pretty limited. Either you are right and it goes up a ton or it cracks and you have to sell out fast after a few cents down. This is more of a day trading mentality and I haven't had much practice as I work a 9-5 job. I can provide no advice here only you are on the right track and keep it up. I may be able to provide more input when I start trading full time.
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Post by rickrick on Mar 31, 2015 22:34:54 GMT
I'll dive into this tonight if I get time. Looking to make this my full time job after all within the next year so it's an important subject Same here yelk. I've been successfully/unsuccessfully trading for over twenty years and have finally had enough going it on my own. I am in the process of taking classes now to have a tried and true system to follow (including options). My plan is to also to trade full time.
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Post by rickrick on Mar 31, 2015 22:57:36 GMT
Not sure how many people on here are into trading, instead of "investing" but in case there are, thought I'd get us started. I've only recently expanded into the trading realm in the last maybe 9 months. Started out with etrade (not Etrade Pro) as my brokerage but just switched over to TD Ameritrade's ThinkOrSwim and really like it. Lots more powerful functionality compared to etrade which I would characterize as more of a home amateur platform compared to TOS. I trade strictly bios and used to hold about 6-15 months, but have recently shortened it down to 5 days - several months. The idea being that I want to minimize risk and being nimble helps with that, at least thats what I believe. It helps that the IBB and XBI indices have been so strong the last several years. I used to trade based on previous support/resistance and moving averages, but have recently started to think about moving towards a strategy almost strictly utilizing RSI. Buys at below 30 RSI at the weekly and daily level. Haven't started the mew strategy yet though. Been doing some charting to ensure it's a viable strategy. A few of my thoughts on this Bios can and will be extremely volatile For the most part I've seen many more downturns than I have really good spikes in bios. But that is from my limited investing into companies bio or pharma related. I have also learned that since this field can be volatile that a simple trading strategy will wind up in the long run losing money, especially if you're going to use just one particular indicator i.e... RSI. The market changes too much to be able to stick with just one or two things to follow. I have used these indicators for years, RSI, MACD, ADX, 200 and 20 sma and the 8 ema (T line) in my candlestick charting. While it has been successful at times over the years it just hasn't been enough to get me through the tough times. A couple of pieces of really good advice I've received lately have been; 'If you view your trading as a hobby that's what it will be..... hobbies don't make money, businesses make money', view it as a business and not a hobby. The second bit is that professional traders have on average 50 to 60% winning trades, the key being that the winning trades far outweigh the losing trades.
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Post by observingthechaos on Apr 25, 2015 0:09:04 GMT
I just started trading and I'd like to do it full-time--that is if I am any good. I just started reading about strategies regarding trends. Picked up this book 'Trend Following' by Michael Covel. Has anyone read the book or used this strategy? Day trading isn't my style..I'm more of a long term investor / swing trader but I will trade any strategy so long it works. Would be interested in speaking with others more on strategies.
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Post by sheikyabooty on Apr 25, 2015 0:49:26 GMT
I just started trading and I'd like to do it full-time--that is if I am any good. I just started reading about strategies regarding trends. Picked up this book 'Trend Following' by Michael Covel. Has anyone read the book or used this strategy? Day trading isn't my style..I'm more of a long term investor / swing trader but I will trade any strategy so long it works. Would be interested in speaking with others more on strategies. I read the book a while ago when it came out. The approach has a lot to commend it IMO. The key is being able to consistently identify a trend, not getting shaken out when inevitable retracements happen and then jumping off when the trend ends. It all sounds so simple but is actually harder to do in real time than it sounds. I have had some success with moving average systems, more so in currencies than stocks. My favorite tools are trend lines and triangle patterns of various types.
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Post by Yelk on Apr 25, 2015 0:54:18 GMT
I just started trading and I'd like to do it full-time--that is if I am any good. I just started reading about strategies regarding trends. Picked up this book 'Trend Following' by Michael Covel. Has anyone read the book or used this strategy? Day trading isn't my style..I'm more of a long term investor / swing trader but I will trade any strategy so long it works. Would be interested in speaking with others more on strategies. I follow Nathan Michaud twitter.com/InvestorsLiveHe has a few books, the Tandem trader DVD has live trades of him trading with commentary as well. His monthly subscription has scans for the next day, webinars and a chat room with 600-1000 people in every trading day with value call outs. There's also about 10 mods you can ask any questions to. I've been paper trading for 4 weeks and this last week was my first real week with real $$$. I will say without those DVD's and chat and learnings I would be 10 years behind. If you are going to day trade you need the right broker, need to learn how to short, all about fees, sets, ways to scan and react to news etc. It really is a whole other world and needs the right tools. I am day trading full time now - no longer employed so hopefully I am successful lol. I would recommend paper trading first though when you have your platform and tools set up. I am totally pumped about day trading. I love investing, however day trading has unlimited possibilities - a stock is tanking in the morning you can short it, cover and go long on the way back up, short it for the fade the rest of the day, find a stock that is spiking 100% and play with it. Just need be patient and mature and realize can lose as fast as win.
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Post by Yelk on Apr 25, 2015 0:57:47 GMT
I've started a blog you can read on my site. I am only using $2,000 equity and 6-1 margin at Suretrader as I'm not U.S. residing so was my best option. Feel free to message me or if you have a blog let me know. Always looking for new traders to share experiences with and follow success together. Profitly is a good way to track your profits. I got my butt kicked my first week but learned and as per plan had first green day 1/5 today profit.ly/user/YelkOne thing I will comment about Nathan's service - He types in chat not just entry and exits of all his trades but he comments about active stocks and what to watch our or look for. Really helpful. Alot of of the other traders call out stocks I wouldn't have seen as well or setups. The service focuses on making you a good trader, not being a successful trader by following someone else. (Teaches you instead of shows you the answers).
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Post by Yelk on May 15, 2015 2:24:19 GMT
Day trading is tough. Still getting my ass handed but losing smaller now that I've smartened up. Need to have patience only been trading for a month.
The potential is insane, if you look at VBLT today I bought in at $4.88 and then you can short it on the way down. There's ones like this every day, PTBI, VLTC, ICLD, VGGL its crazy 50-100% days. I'm using tiny size right now and haven't made any real profits but I can see easy potential for a full years salary in one day. This is worth learning and dedicating time to.
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Post by JHam on May 15, 2015 5:13:47 GMT
Day trading is tough. Still getting my ass handed but losing smaller now that I've smartened up. Need to have patience only been trading for a month. The potential is insane, if you look at VBLT today I bought in at $4.88 and then you can short it on the way down. There's ones like this every day, PTBI, VLTC, ICLD, VGGL its crazy 50-100% days. I'm using tiny size right now and haven't made any real profits but I can see easy potential for a full years salary in one day. This is worth learning and dedicating time to. Good luck man. Sounds fun and dangerous at the same time.
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Post by Yelk on Jul 13, 2015 3:02:59 GMT
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Post by JHam on Jul 13, 2015 5:55:15 GMT
Does one need to login or register to be to see anything?
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Post by Yelk on Jul 13, 2015 10:06:13 GMT
Does one need to login or register to be to see anything? So Sorry: www.james-biotechs.com/swings/That should work! Also Fwiw ANAC big news at or before 7:30 Today
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Post by antoinetw on Feb 22, 2017 8:32:49 GMT
I just started trading and I'd like to do it full-time--that is if I am any good. I just started reading about strategies regarding trends. Picked up this book 'Trend Following' by Michael Covel. Has anyone read the book or used this strategy? Day trading isn't my style..I'm more of a long term investor / swing trader but I will trade any strategy so long it works. Would be interested in speaking with others more on strategies. Ya i have read this book ,i found it helpful .Would like to hear your reviews about this book.
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Post by sammys on Sept 18, 2019 14:28:07 GMT
When it comes to Cryptocurrency Margin Trading, my strategy is quite easy, use a short-term method and simply get 3-7% profit per day from the total capital. And don't be too greedy.
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Post by HR Farmer on Aug 2, 2020 23:25:09 GMT
Just wanted to start a place for people to post about general trading strategies - indicators, brokerage platforms, resources, new techniques, etc. I'll post some thoughts later. Old thread, but just for fun: my trading strategy is to buy rising microcap stocks at the point from which they are most likely to rise the most the fastest. It sounds obvious (duh): who doesn't want to buy stocks where they will likely rise the most? But there's a pretty simple trick to massively reducing risk in microcaps, which is using the WMA10 as an entry point. Take a look for example at a weekly chart of AERO with a WMA10 indicator. Same pattern with EMAN, GLGI, TOMZ, KOPN, POWW, KTCC...A rising (above WMA10) stock bounces off WMA10, then coasts into it, then bounces again... CPSH closed right on WMA10 this week. I just bought back into it after selling the froth, and it will make a good test. It's also why I bought CPAH where I did, and will sell next week if we don't bounce from here. You don't have to hit the line perfectly. But watching that line gives you a low-risk target on any rising stock and helps you ignore (or better, sell into) the hype. It will provide an anchor for your emotions. Wait with a handful of cash near the WMA10. If your stock truly loves you back, it will meet you there. Then it will take you higher.
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