Jump to content

Skye

Lifetime Members
  • Content Count

    75
  • Joined

  • Last visited

  • Days Won

    4

Everything posted by Skye

  1. I think it helps to trade in the afternoon (eastern time) at first because you have time to think and see all of the different things you are looking for. The start is overwhelming until you have been doing this for a while.
  2. Skye

    Edgewonk

    Answer in another thread:
  3. Directions for how to import into Edgewonk: https://edgewonk.com/edgewonks-platform-import-documentation/ and some info. on why they think you should really be journaling manually. Something I agree with. There are a number of items to enter info. into which aren't going to come in with an import anyway. The valuable stuff is what you're putting into those inputs, many of them customize-able (setup, how good your entry, exit, & management were...).
  4. I would like an alert to sound when the price crosses the 9 ma on my 5 min. Chart. Is it possible?
  5. They do have some bulk importing opti9ns. I don't remember if IB is one of them.
  6. Astually I think this is a bug in the newest release. Mine is changing. Sometimes it's right, sometimes it's not. This morning it was showing some time later than NY. Then later it was correct.
  7. True, did you figure out how to do this? I can't find it. I've asked a couple of times in chat but getting no answer.
  8. Skye

    Edgewonk

    I just purchased this, with the trader development program. I just got started with it but I will say that I'm extremely impressed. It's much more than just journaling. Anyway, I'll be posting a review after I've used it for a few weeks.
  9. I just purchased this, with the trader development program. I just got started with it but I will say that I'm extremely impressed. It's much more than just journaling. Anyway, I'll be posting a review after I've used it for a few weeks.
  10. I can't buy and SSR stocks. Won't buy on teh up-tick and from what I remember someone on this forum contacted them about it & they said they didn't want liability. Doesn't make sense though because why not just not show shorts available then? If anyone is able to buy SSR shorts on CMEG please respond and tell me how it's done! Oh, and I was able to fund in about 4 days with no problem.
  11. Anyone considering signing up with this broker should be aware that there is a serious problem with shorting stocks with SSR. I have been with them a few month and am finding that I cannot short stocks much of the time, to the point that I really can't trade effectively. See Robbies post here:
  12. This sounds crazy! So they're saying you couldn't sell because their system was reconciling and it took 3 minutes for that to finish? That seems ridiculous! There is some problem with CMEG & SSR which is how I found this. I don't know if it's related but someone else on the forum brought it up and is contacting CMEG about it. We can't short a stock AT ALL when there is an SSR on it. It won't trigger on the uptick.
  13. Kmelihk, I have struggled with this as well. Trading low shares on CME also. For us, us being people with smaller accounts who are charged by the trade instead of by the share, we can't scale out like that. I looked at some different strategies and came to some conclusions and did some other things that are working OK. 1. We really can't trade with Andrew! It's just a completely different style of trading. The small moves he takes, jumping in & out, scalping, all different strategies... it's awesome to watch but it's like watching someone who is really good at drawing cartoons and trying to do it with them at the same time. When I try and trade while listening to Andrew I usually destroy my daily plan. Listening to Brian this week has been completely different and works much better for me. Much slower and more methodical. I think Andrew is a great teacher but following his live action is only going to work for people who are already at a pretty high level. 2. What others are saying is exactly right. Even though we want to actually make money going live with small shares and so it's easy to focus on the profitability of that, we actually need to focus on being consistently green without fees in mind. That doesn't mean that we don't work on strategies and other things to maximize our opportunity to make a profit and the beginning stages of trading with small share sizes, but we can't fix everything at the same time. I think the goal at first should be breaking even, with fees included. It's frustrating because you're thinking, "I WOULD have made money if I was trading 300 shares!." But it is what it is. I do show what P&L would have been with 3 times the volume, just to let my self see what WILL be happening. 3. Overtrading is death! Bad habit for all of us but particularly if you're trading low volume. You finally get that one that runs but all it does is make your money back for the 12 losses you took before. This is something you see Andrew do. He'll lose a few, then get a good one and make a bunch of money. Doesn't work for us, and not just because of the lower shares. He's really good at stopping early and cutting his losses when he has a stinker, but waiting through a pull-back and having it work. Reading the price action like that is one of the hardest things to learn I think. We really need to wait, wait, wait for that one we're almost sure is the right setup. 4. Order size is really important. It's easy to be sized too small so even when we get a good trade we make no money because the stock is just not moving as much as we thought (maybe this doesn't happen to you, but it's been my experience many times). I have just started using the double-click/hot key setup that automatically sizes my shares and found that to be REALLY helpful. It's in another post in the forum and was also featured in last weeks Bearbull Buzz. 5. I think it only makes sense to sell twice, if that. I sell 1/2 at a good cover point and let the rest ride until the 5 min. candle closes below the moving average, as a rule. If it's really extended and that move to the moving average will mean a large pull-back I'll sell when it starts breaking down and/or at a strong resistance line or whole number. Initially I crunched a bunch of data from my trades and found that the most profitable thing was to sell when the 5 min chart stopped making higher highs/lows, but found that in reality that just made my holding times shorter which got me into more trades (see #3). 6. We REALLY need to watch our entries. If we get in a bit late for an ABCD for example, and sell 1/2 at the high of the day, many times it won't be enough to be worth selling (also see #4). So it requires a different selling strategy for sure, and we really need to be better than we would trading more shares to make any money. But it's a god education. It really highlights our mistakes and forced us to execute better which will really help in the future. It just means a longer lead-time to profits. And in the future we'll be able to do more things we just can't do now.
  14. Thank you for posting this Robbie! It's been driving me crazy. Definitely must be CME. I couldn't figure out the problem but didn't think of that. I have had the same experience with it buying on the up-tick in the sim and now not working at all with CME.
  15. This script is really great! I saw it in this weeks Bearbull Buzz and traded with it today. I didn't have the problem with insufficient buyong power but I could see that happening. It WOULD be nice if you could set a cap somehow. The best way I found to use it is to draw a line at the stop loss I want as the pattern is setting up & the double-click and hit the hot key when I'm ready. One thing I found a little confusing is that it didn't trade on the double-click, but on the hot key press. It's also worth noting that this script is using the $0.10 window instead of the $0.05 that is in Andrews script for the buttons if you're using those.
×
×
  • Create New...

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.