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Stock Picks and Trading · Snake's Options Journal
sandjco
msg #154204
10/7/2020 8:34:37 AM

hi snake!

how do you manage your position size re: 25 trades at 25% starting at $4K?

are you meaning each trade taken will be $4K in size (which is what i assumed you meant)?

Tks!

Stock Picks and Trading · SPY at apex
sandjco
msg #153979
9/8/2020 9:50:46 PM

Gentlemen....may I present "Mac n Cheese" market mood indicator!

Fetcher[
apply to symlist(spy,qqq,dia)

set{uptrnd, count(weekly IFT(2,1) above 0.9,1) * count(weekly IFT(2,2) above 0.9,1)}
set{dntrnd, count(weekly IFT(2,1) below 0.9,1) * count(weekly IFT(2,2) below 0.9,1)}
set{trend, uptrnd + dntrnd}

draw uptrnd
draw dntrnd

add column uptrnd
add column dntrnd
]



pardon my crude coding skills. I do not know how to fill in the 'transitional" void btw bull and bear phases due to the "lag" of the weekly data....maybe someone else can figure it out....

General Discussion · A SF Chart Nuance some may be overlooking
sandjco
msg #153935
9/5/2020 10:05:45 AM

Thanks for sharing Ed.

So, does that mean that the filters aren't "fetching" stocks that it is supposed to fetch?

If so, I've noticed this as well and as a newb...wasn't sure why it was the case.

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #153856
9/1/2020 10:36:23 AM

The perfect closure of some sorts!


Earnings was yesterday EOD.

Did i play earnings? ;=P

To my kids: not necessarily a "have to" find the next great penny stock. Insanely priced options (theoretically wise) at even over 150% IV OTM say Sep 4 390C day before trading at 2.50 can SOMETIMES have a crazy way of working out.

I've amended my filter and eliminated the possible bias of what should be a "buy" or "sell" (now that it shouldn't really matter to me as I can play up or down). I need to always set my mind "free". Of course, this may be a crazy thing to do...but, Ive always said...I need to find "me".

As always...trying to learn from those who are thoughtful and kind enough to share! From xarlor's post:

8/22/2020 12:11:35 PM
Many traders feel that price and volume are all that matter because indicators are lagging. This is a common misconception...


Fetcher[
chart-time is 6 months

/* Define the market */
optionable
market is not AMEX
market is not OTCBB
volume > 500000

/* Indicators */
draw rsi(2) line at 20

/* Trading Engine */
set{buy, count(EMA(5) crossed above EMA(13),1)}
set{sell, count(EMA(5) crossed below EMA(13),1)}
set{watch, buy + sell}
watch > 0

/* Position sizing */
set{atrx2, atr(20) * 2}

SET{STB, 500/atrx2}
set{SIZE, close * STB}
set{sTP, close - ATRx2}

add column separator
add column STB {shares to buy}
add column stp {stop loss}
add column SIZE{trade size}
add column separator

/* Guppies */
draw ema(3)
draw ema(4)
draw ema(5)
draw ema(6)
draw ema(7)
draw ema(8)
draw ema(9)
draw ema(10)
draw ema(11)
draw ema(12)
draw ema(13)
draw ema(14)
draw ema(15)

draw ema(30)
draw ema(31)
draw ema(32)
draw ema(33)
draw ema(34)
draw ema(35)
draw ema(36)
draw ema(37)
draw ema(38)
draw ema(39)
draw ema(40)
draw ema(41)
draw ema(42)
draw ema(43)
draw ema(44)
draw ema(45)
draw ema(46)
draw ema(47)
draw ema(48)
draw ema(49)
draw ema(50)
]



Good luck all!


Filter Exchange · This might be impossible
sandjco
msg #153743
8/26/2020 12:15:18 AM

@nibor100..

what back testing software do you use?

Thanks in advance.

Stock Picks and Trading · Snake's Options Journal
sandjco
msg #153720
8/24/2020 6:37:28 PM

Thanks for sharing Snake; I am sure I can learn something from you!

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #153710
8/23/2020 6:47:12 PM

@Mac
You are welcome Mac! Glad I could give back something that is useful! ;=P



Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #153708
8/23/2020 2:28:50 PM

@ron22..much admiration! I hope to get there one day (sooner than later!).

All the best!

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #153705
modified
8/22/2020 11:32:34 PM

@ron22 and @xarlor...thank you for dropping by!

@ron22...pls take this with a grain of salt...

Are you a "follow the plan" kinda guy?

when i started here, i thought in due time, i would be able to "trade like" (fill in the blanks...). The more I read, learned and listened..the more I realized I could never ever be "like them". I also couldn't imagine being able to code like Kevin or xarlor or Safetrade or ...

For example...xarlor was kind enough to suggest a few very important things to me. The one that I always chuckle at is the "derp" play "rule" (trust me, it pops in my head before each trade!). Hard as I try...I haven't cut it out. The only diff? I have reduced my position sizing. I realized..it is part of how I am wired. After all, who would buy OTM calls 2 weeks out and treat it like a "penny stock lotto play" and ignore the geeks? They've surprisingly worked for me.

Look at how certain posters write or code...some are structure and organized...some are all over the map!

One thing i know for sure...I still have a lot to learn and discover!

Here is a simple variation i use for scanning:
Fetcher[
chart-time is 6 months

/* Define the market */
optionable
sp500

/* Trading Engine */
set{buy, count(EMA(5) crossed above EMA(13),1) * count(darvas box > darvas box 3 weeks ago,1)}
buy > 0
]



LOL @xarlor...don't think I can rename the thread anymore!

Stock Picks and Trading · Picks and Pans Since Jan 2020
sandjco
msg #153694
8/21/2020 11:19:15 PM

@ron22

RE: over 100 hits
you can tweak it however you like. for example:
- to fetch only the "buys"
- to fetch only from your watchlist
- to fetch stocks say over $10
- to fetch from only certain sectors
- or any combo of the above

Fetcher[
market cap > 5000
optionable
close > 20
volume > 1000000
]



if you want only the buy to show then you can do this...
Fetcher[
/* Trading Engine */
set{buy, count(EMA(5) crossed above EMA(13),1)}
buy > 0
]



I also don't mind looking at 100s of charts (crazy right?). I am thinking if my mind can process them ...maybe I will have an easier time making decisions during the day. My goal ultimately is to just look at price and volume action one day without any indicators.

RE: Exits
I am probably the last guy that can help you as I have no yin or yang in how I exit. Some have "targets" or certain pivots. I have only recently used the ATR script Kevin shared.

I try to do what I can to let the winners run as far as I can. I sell or scale out if my position sizing is getting too crazy. The one thing I have learned from the kind SF teachers here is to never ever double down on a losing position. never ever. If i did this and survive, i will have to post it!

Hope the above helps

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