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Stock Picks and Trading · "If you credit all wins to your skill and all losses to bad luck, you never learn and never improve." Annie Duke
sandjco
msg #144950
10/14/2018 8:58:22 AM

Thanks for sharing four!

The key word I guess is "ALL". The XIV experience I had comes to mind as a newbie. Was it really a black swan event or did i really screw up by discounting the probability that it would happen (got entitled to easy wins like taking money from ATM and got complacent)?

So true...trading has a huge "mental" side of it.



Filter Exchange · 1 month low filter
sandjco
msg #147864
5/21/2019 11:45:57 PM

hello all!

this line seems to trigger an error message...
and cma(low,2) was lower 1 day ago

Filter Exchange · 1 month low filter
sandjco
msg #147877
5/22/2019 6:13:36 PM

Thank you Ed.

I haven't added any additional lines to the original code or snappy's. The filter does generate candidates even though there is a triangle error emoji on that line I mentioned.

good trading all!

Filter Exchange · 5% pullback -LONG
sandjco
msg #149063
9/8/2019 7:48:58 AM

Thanks for sharing! I like the concept...looking to tweak it for ETFs.

General Discussion · A big Congrats to Ed S. (aka Nibor100)
sandjco
msg #149976
12/22/2019 4:46:24 PM

Congrats Ed and thanks for sharing!!!!

Stock Picks and Trading · A Newbie's Journey
sandjco
msg #136535
modified
6/27/2017 4:30:33 PM

1. I've got nothing to sell or peddle; nothing to convince anyone.
2. I've started this thread because I want to learn "how" to trade.
3. I would like to learn from the journey and correct/adapt/adopt along the way.
4. I would like to win % wise; the dollars will follow.
5. I would like my approach to be simple.
6. I would like to have fun and enjoy the journey.
7. Goal would be to win 4% per trade.

credit goes to (I've read their journey/work that have inspired me to venture on my own) so far:
- Jack Loftis
- SF
- TRO
- graftonian
- four
- pthomas215
- Kevin_in_GA
- mahkoh




My first trade! Hindsight....should I have waited for red to turn to green?

Stock Picks and Trading · A Newbie's Journey
sandjco
msg #136537
modified
6/27/2017 7:08:07 PM

PT...many thanks as always for your feedback. I've cleaned up the chart (although I like the Guppies!).



I appreciate the suggestion on "stops". My plan was to "build" the position by buying 2% of $10K first, then if it drops more with high volume to add 3% and if it drops more to add the final 5% for a full $10K and set a stop loss of ? from there. The idea of progression isn't mine.

My plan was with a $50K bank roll split into 5 streams each of $10K never taking a similar position (e.g. buying a tech stock and also the tech index). I want to use the Direxion funds to start and then when I learn and succeed more, I can focus on trading individual stocks.

My filter (as you can see) is simple - based on TRO's RSI and LR(60). Nothing more. I would like to incorporate what you sent me to see which stock/etf cycled (Hershey) the most within a given time frame to serve as sort of a deciding factor on which one to ride. However, when I debug what I've combined, it shows an error message.

I know I'm not a scalper as I cannot watch the screen a lot. I guess I would say "swing". Unless I see a clear pattern forming (ascending triangles, flags, reverse HnS,...) I have no intention in staying LT. I want the money streams to compound at least 2% a week.

I can see what you see about the market still about to fall. I wonder how to incorporate into the filter to say "check if SPY RSI(2) is below 10" in order to validate what the filter spits out....

So many things to ponder...my wife wonders what I am up to reading these forums late at night! ;=P

Stock Picks and Trading · A Newbie's Journey
sandjco
msg #136539
6/27/2017 8:24:12 PM

LOL...yep, I got my eyes wide open! The first time was when I pulled my MF stmt from so called Advisors...I did better on my own!

Tomorrow...will watch....5% mental stop (this is the part that I need to learn a lot about).

Stock Picks and Trading · A Newbie's Journey
sandjco
msg #136562
6/29/2017 5:00:48 AM


It went from red to green on D2. Was thinking of adding to the position but also wanted to wait for the price to cross the EMA or the EMAs to cross (which looks like they did). Analysis paralysis happened; no action was taken! if it moves up today; I'll add to the position.

Thanks for the feedback; I do appreciate it. Definitely a lot to digest, learn, understand and apply.

RE: backtesting
the only "backtesting" I did was using the "historical" analysis function on SF and eyeballing when the signals would have been triggered over the past year and compared it to any failures. This one showed well with the previous 2 bounces.

RE: stops
For sure, this is something for me to learn/apply. Bigger range...tighter stops?

RE: catching a falling knife
definitely on the back of my mind. given that i'm buying indexes the pain may not be as severe?

RE: what return do I want?
net of commissions; my goal is to make at least 2% a week. However, I do know that is a stretch given that I've split the $50K into 5 streams of $10K each and I may not use all streams each week in full consistently.

RE: paper trade
I've paper traded for over a year and doing it "live" is so much different (at least initially) as I seem to find myself over analyzing trades that I would have taken on paper but did not using real money. RUSL was a perfect example recently for me...I wanted to take the trade and thought too much...



BTW...can a filter be created wherein it would spit signals to buy stocks when SPY RSI (14) is over 50? or is this possible using the correlation function?

Cheers....have a great trading day!



Stock Picks and Trading · A Newbie's Journey
sandjco
msg #136578
6/30/2017 12:55:33 AM

Interesting day...markets sold off hard and then tried to come back. Was tempted to add today...but didn't (head keeps on telling me to wait for it to go from red to green!)




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