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Robert H

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Posts posted by Robert H

  1. Posted

    I believe there is some truth to the Friday Effect.

    First, volume begins to drop off sooner as traders start preparing for the weekend. That in turn results in other traders being more passive through a self fulfilling prophecy.

    Second, there is the fear of going into the weekend red. That in itself has a psychological effect. Who here has desperately over traded into Friday afternoon to avoid dwelling over your losses?

    Third, I've heard swing traders prefer not to hold over the weekend. Too much can happen over 60+ hours of market closure.

    There is no hard evidence to support these theories--just anecdotal tales.

    • Like 1

  8. Posted

    This may be possible through the use of Symbol Lists.

    1. Create a Symbol List (Tools > Symbol Lists > Create New List)

    2. Select all stocks in your watchlist and Right Click > Send To > Symbol Lists

    3. For each Scanner, Configure the Symbol Lists filter to only include your list (Add Existing List)

    I'm not sure if stocks from your watch will meet the criteria for each scanner. Worth a shot though. Cheers.

  11. Posted

    42 minutes ago, JD said:

    I've been trying the 15 minute reversals for the last few days, it worked well in $AAPL today. For the $JD and $MU reversals, it came within a few cents of my target and bounced. I also took $ETSY yesterday but ended up getting out early. Looking back at them, maybe I should have taken profit a few cents above my target since the stock already dropped around 50 cents from the HOD. Do you find that since some of the move has happened by traders using lower time frames that by the time there's a fifteen minute low, some of the move has already happened? 

    Yes, waiting for the new 15-min low means a later entry. However, I've found that the 15-min low confirmation increases the probability that the reversal occurs. If you go in too early on a new 5-min low, often it can squeeze you (ETSY did this yesterday and almost hit HOD before dropping). With experience, you will get better at gauging when it is ok to jump the gun.

    Your MU trade was great. It bounced off the MA and then hit the VWAP at noon. Really strong stocks will often find support off the MA's during their descent.

    JD basically bounced off the VWAP. As with any chart, MA's and levels are areas +/-0.05-0.10 and not exact points. I use limit orders a few cents away from targets to increase the likelihood of getting filled.

    AAPL made a nasty pullback and new 15-min high before losing VWAP. This kind of move is typical; it's like a giant, slow-moving reverse ABCD.

    For the reversal strategy, you need to use loose enough stops and give the play time to work out. This may not suit a lot of trader's styles or personalities. It took me awhile to improve my patience and learn to trust the charts. Cheers.

    • Like 1

  17. Posted

    Early on, ignore any profit based goals. Get a feel for the markets, try new strategies, pattern identification, time of day, etc. You can only learn by doing. 

    When you've decided what type of trader you are (i.e what you're good at), gradually treat it like real. So in your final month, stop at goal to instill the habit of stopping for the day.

    One of the biggest challenges new traders face is overtrading. Either being hell-bent on a green day or feeling invincible after a few big wins.

    Learning when to stop (both green and red) was a milestone in my journey.

     

  20. Posted

    On 1/21/2019 at 1:22 PM, Benjamin said:

    Thank you for the review. Can you elaborate more on shortcomings of the hotkey? What is the problem with hotkey functionality of Tradingsim?

    Thanks

    There is no customization. Your only option to assign hotkeys to the following commands:

    image.png.95cd31f646543df69e1f217ba7e664e3.png

    I don't use the hotkeys--I use the BUY/SELL buttons on the right.

    • Like 3
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