StockFetcher Forums · General Discussion · What I've Learned While Trading<< 1 2 3 >>Post Follow-up
risjr
167 posts
msg #134982
Ignore risjr
3/17/2017 12:48:19 PM

Be there now!!..If not..get there later!!

Kevin_in_GA
4,599 posts
msg #134989
Ignore Kevin_in_GA
3/17/2017 4:01:26 PM

My most important lesson (which I am still trying to master) -

You are not smarter than your system.

SFMc01
340 posts
msg #135043
Ignore SFMc01
3/21/2017 6:34:05 PM

To: Kevin_in_GA: Wow! You are so right.

gmg733
788 posts
msg #135045
Ignore gmg733
3/21/2017 10:36:44 PM

So many...

1. Who cares what anyone else thinks... because no one really knows
2. You need an edge, and for me edges are not found in indicators.
3. Know the instrument you are trading.. per se. Don't trade VIX unless you understand VIX
4. Don't be afraid to try something new
5. Take profits when they are given to you
6. Keep a journal for new ideas and test them
7. Take emotion out of the trade. Trade what you see not what you think
8. Buy crap when it goes down, sell stuff when it goes up
9. The more simple the method and technique, the less mistakes you make
10. Just trade it.


Eman93
4,741 posts
msg #135838
Ignore Eman93
modified
5/10/2017 11:41:04 PM

Simple is not easy.
To be really good at anything will take time and hard work.
Trading is like any skill or sport it can only be learned by doing it, you also need to know the right techniques and methods.
I can equate trading to learning to play golf.
Say one day you decide you want to start playing golf for a living, you really dont know anyone who plays but you see it on TV and say hey I can make a boatload of money if I just learned to play.
So you go buy some clubs and get some books by Tiger and Jack Nicklaus. You then spend some time reading the books, next you head down to the course and look for a money game and start playing. How do you think you would do? Trading is exactly the same thing.
To do this on your own is possible, because I believe anything is possible, but it will take much trial and error.
I will try and help, I will give away the secrete of swing trading..Its really this simple... pick stocks that are in a strong uptrend.. the market leaders. Then buy them when they pull back to support, previous resistance or gaps are great spots.. See MU chart for example.
(I read that in the first trading book I bought, How to Make money in Stocks, Bill O'neil).
See sounds so easy... just take the club back and swing through.
After you do it 10 thousand times you should start to get the hang of it.
GLT



SFMc01
340 posts
msg #135863
Ignore SFMc01
5/12/2017 7:10:06 AM

Eman93: I like and agree with your statement "pick stocks that are in a strong uptrend.. the market leaders. Then buy them when they pull back to support, previous resistance or gaps".

Would you please share how you personally define "stocks that are in a strong uptrend"

Thanks,
Steve

marine2
897 posts
msg #135881
Ignore marine2
5/12/2017 11:46:35 PM

Use the long term trend line, "and MA(300) is increasing previous 1 day. Then look for a stocks that have a nice uptrend off it. Then add along with that statement, "and slow stochastic(15,3) %K is below 25 previous 1 day", also add, "and slow stochastic(15,3) %K is crossing above and slow stochastic(15,3) %D previous 1 day". There you will find stocks in an up trend that have taken a step back briefly (notice that because the slow stochastic is now below 25. You can also tune it further by stating the price of stocks you are looking at, example of this would be, "and price is above 4", or "and price is below 10, or "and price is between 2 and 6. Also further thinning out the pack you can write a statement saying, "ETF only", or "and S&P 200 only". Lots of ways to thin the findings, it's up to you.

four
5,087 posts
msg #135882
Ignore four
modified
5/13/2017 1:42:27 AM

marine2... Thanks for providing an idea








Fetcher[
optionable
low > 20
volume 1 day ago > 423123

draw stochastic(15,1,3) %K is above 20
draw stochastic(15,1,3) %K line 20
draw stochastic(7,1,3) %K crossed below 5
add column annual dividend yield
]


------------- -- Same Idea -- more results -- ------------






Fetcher[
optionable
low > 20
volume 1 day ago > 423123

draw stochastic(30,1,3) %K is above 20
draw stochastic(30,1,3) %K line 20
draw stochastic(14,1,3) %K crossed below 10
add column annual dividend yield
]




marine2
897 posts
msg #135888
Ignore marine2
5/13/2017 1:11:13 PM

You're welcome Four. My filters are from our basic subscription and I keep it simple. Lol, for my simple brain :-).

Eman93
4,741 posts
msg #135974
Ignore Eman93
5/18/2017 5:13:44 PM

Here is a start.

Fetcher[
close > 1
volume > 500000
and compare with DIA
and add column Relative Strength(DIA,200)
Relative Strength(DIA,200) > 2
50 day slope of close > .1
]



StockFetcher Forums · General Discussion · What I've Learned While Trading<< 1 2 3 >>Post Follow-up

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