Jump to content

We have moved to Discord. Please click here to join us in the Trading Terminal Discord server.



These forums are read-only.

Leaderboard


Popular Content

Showing content with the highest reputation on 10/01/2020 in all areas

  1. 2 points
    Stream Deck seems to be a popular solution in this community. I just want to provide an alternative solution for your reference. It's a programmable mechanical keypad: https://www.amazon.com/gp/product/B07RL6QBLZ/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1 There is another model with more (48) keys if that's needed: https://www.amazon.com/gp/product/B076LYKPX4/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1 I like it because it's mechanical so it's more reliable and the number of the keys is enough for my trading hotkeys. I use label printers to print labels and put them on the keys. After using it for a while, I'm able to press the keys without looking at the labels.
  2. 1 point
    Nice @DP another option is the Genovation Controlpad CP24 Keypad with 24 fully programmable keys with relegendable keycap. Forum thread here.
  3. 1 point
    One stat to pay attention to, and I'm sure Chartlog must have it is profit factor. If you're trading a lot and your profit factor is over 1.0, but not by much then that might be quite hard to sustain. If you pare down your repertoire of setups and focus on a couple, you could save a bundle on commissions and according to the experiences of many including mine, you could have even better results. I went back and forth between sim and live a few times and when I returned to sim after live experience I was much more aware of my risk as it pertained to reality and not just the emotionless numbers on a screen.
  4. 1 point
    One step in my journey as a trader was finding out more about my style. I realized that I was a relatively impatient trader; i.e. I want the trade to work almost immediately or else I'll review the setup and potentially try again in a better position with more information. Hence, I classify myself as more of a scalper, looking for areas of momentum that typically arrive due to a short squeeze from an aggressive buy support. Part of the challenge is that I may need to 'test the waters' a few times before finding the right spot for the trade. I know very often that I'm in the right area, but the r:R has to make sense and should resolve itself quickly in order for my edge to be realized. So for me, taking stabs and building a position once it's confirmed to be working is a more ideal strategy for me. You mention the balance between overtrading and commissions along with not having a true edge; one bit of information to try and define is which strategy that you trade is leaving the most money on the table. Assuming you're looking at lots of stocks and trading lots of patterns/setups, along with the scalper-esque Average Win Value, it may be ideal to find the setup that has a high occurrence rate (so you find trades each day), a high success rate for yourself (so you can achieve goals consistently), and has a good risk/reward based on your criteria for entry (so it reduces # of trades before hitting goal). If you can identify this, challenge yourself to hold for a larger target and bring the Average Win Value amount up for that setup alone. Rinse and repeat for two-three setups and now you have a trading edge along with reducing the clutter that is 'working' but is reducing your mental capacity for the A+ setups you've refined. Once you begin trading live, the process of refinement and improvement should be constant, where your old setups become better and you build setups for different market conditions.
  5. 1 point
    All, I read an interesting thing yesterday, claiming that 66% of AMD's 5-Min ORB strategies work, which was apparently backtested over a number of months (and this 'news' item was several months old). I was skeptical to say the least. However, I decided to test the theory out myself, especially since AMD is in play quite often. It took a bit of work in Excel, and in historical charting software, and I stuck to the following rules & assumptions: SL set just beyond VWAP 25% partial at all R's, SL set at B/E after first R (Tested on 25% at R1, and then 50% at R2+, but it's less profitable in this instance) Based on 0.004 p/s commission structure, with $0.50 minimum per ticket ECN fees are *NOT* included I also only managed to do only 3 and a half weeks of back-testing before my conclusions were becoming a bit clearer. Here is the sheet for your reference (and if you wish to back-test stocks yourself). You can also customize your Risk Amount, and partial % factors. Summary Conclusion: Yes, indeed it does appear you get get 65-65% success rate on a 5-min ORB, at least on AMD. However, the returns based on the above assumptions and strictly sticking by the rules, are quite low. There are a couple of really nice days, but by and large the positive days are just meh. While many may not find value in this, I did want to verify the claim myself and after the work I put into it, felt it may be nice to share for other people's reference. Happy to receive any feedback. Thank You.
[[Template core/front/global/mobileNavigation is throwing an error. This theme may be out of date. Run the support tool in the AdminCP to restore the default theme.]]

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.