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Earl Damron

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Posts posted by Earl Damron


  1. @Alastair is right, in that the group I trade with all requested that the group remain small.

    I'm certainly game for starting a second group, and would be very happy to join once or twice a week.   I'm really enjoying trading with my current group.  We all trade in similar ways, and tend to watch similar stocks.  We're also pretty similar in where we're at in our trading journey.  It's also helpful to be trading together to share the many ups and downs of how our trades are going, share rules, thoughts, scanners, etc..

    In all, a great experience, and creating an additional group would be a great idea, whether I'm in it or not!


  2. My observation has been lower RVOL on Friday…harder to rely on patterns.  On Friday, watch those RVOLs!

    Working on one or more scanners to find the non-traditional moves.  I trade with a few members of the community every morning via Zoom.  It helps to have more eyes on the market, calling out patterns & strays (yes…I’m an Avengers fan!).  More than one of us experienced little follow-though today.

    You have to be ready to re-enter when the move you’re expecting occurs, even if it takes a couple tries.

    Yes…three displays…one for Montage, one for watch charts, and one for scanners.

    • Thanks 2

  3. 2 hours ago, tardi44 said:

    Hell @Earl Damron, do you post your trades on Twitter ? 

    I'd love to analysed them. 

    By the way, thank you for your webinar and sharing your amazing learning curve with us 😉

    Hello @tardi44!  Thanks for the kind words!  I just gave a go at posting my live trades today on TWTR.  Hopefully I did it right...  🤔

    With my LONG-only open moves, and everything on my list gapped down this morning, I wasn't able to do any of them.  Instead, I just caught two small pullbacks on PFE & WMT.


  4. On 8/12/2021 at 11:58 AM, CliffG said:

    I tried out a couple of U-Turn trades earlier, based on what was described by Earl in the recent 'Trading the Open' Webinar.

    Both trades failed - and that's ok - it's in sim anyway, but I do wish to understand if they are genuine U-Turn trades as he described. I tried just now to reach out in chat, but he's not online.

    Anyone here who paid attention in that webinar confirm if I'm missing something? Or are they good?

    Thank You

    c.JPG

    nvda.JPG

    I generally shy away from price action being a u-turn if it's on its 3rd or 4th change in direction as it breaks PCL.  Keep a watch for cleaner ones that break PCL on their first change in direction very early in the day.

    Feel free to email me if you'd like to chat through this further!!

    • Thanks 1

  5. Hello everyone!

    I'm a little late to this party.  This post seems to address EXACTLY what I was looking for, but something's not quite working for me.

    NOTE: I should likely add I'm testing this hotkey out in Replay quote mode!

    I copied & pasted in the script provided by @peterB back on 2/20 (the "ROUTE=LIMIT" version).  The 'CXL ALLSYMB' part works just fine, as does the liquidation of half my position (originally 600).  However, it seems like the attempt to create a new STOP order is failing.  Here's a snippet from the log in the order window.  Note the "Error: Invalid Shares!" message.  Once I get this, half my position is gone, but I no longer have a STOP:

    Error:Invalid Shares!
    Execute Shrt 300 NTNX 24.37 --SMAT--12:36:24--
    Accept Shrt 300 NTNX 24.27 --SMAT--12:36:24--
    Sent 1 cancel orders
    Canceled Shrt Stop 600 NTNX 23.54 --SMAT--12:36:24--Canceled
    Accept Shrt Stop 600 NTNX 23.54 --SMAT--12:34:16--

    Any advise for what I'm doing wrong? If it helps, my order window style is currently set to 'Stop Order'.

    Thanks!

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