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cwood
1
cwood Jun 18, 12:05 AM

@Tone My first thought is to use the pre-market range as a guide, but I'd have to research. This did make me curious though so I tested the long side in Trade-Ideas. Here's a link to the alert page, which includes the filter params I used http://bit.ly/2KpgOjw - 62% win rate & 21% return over 60 days (164 trades) if you buy in the first 5 mins and hold for half an hour. 10% profit target / 2.5% hard stop

Tone
Tone Jun 18, 11:50 AM

Thanks for the reply. Interesting stats, though I didn't really know what to do with the link. Not familiar with trade ideas. Do I go to that link and then leave it to produce results over time? Thanks.

cwood
cwood Jun 18, 11:55 AM

@Tone yea, that's a live alert window although it'll be delayed if you don't have an account. you can hover over the icons to see the filter values I used in the backtest.

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Tone
1
Tone Jun 11, 6:17 AM

Thanks for sharing the strategy. I've registered for the scanner and will give it a go. I've been thinking about how best to get broad earnings data instead of trawling through calendars. Good to see you're still killing it!

cwood
1
cwood Jun 12, 1:52 PM

@Tone Earnings calendars are so inefficient, not to mention they don't have post-earnings pricing data/trends so it's tough to build strategies using a simple calendar.

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Tone
Tone Apr 08, 12:21 AM

Getting this under control quickly seems to be a differentiator between those that progress fairly quickly and those (like me) that struggle for a while at the beginning. Working on having a mentality where taking small losses is necessary is crucial.

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Tone
Tone Apr 06, 11:08 PM

There's a few of us around. I've been pretty much part time, so haven't really kept in touch. There's a few guys who seem to have a bit of experience. Time zone is the killer, especially if you want to do day trading on US markets. Swing trading or Futures trading offer better lifestyle choices.

adzwealth
adzwealth Apr 18, 3:49 PM

thanks for reaching out, what platform are you using here and what state are you trading in? i'm in WA

Tone
Tone Apr 23, 2:11 AM

Using Stocks to Trade for charting and scans. Have a few brokers where i just use their browser based platforms for executions but mainly use Interactive Brokers. Also have accounts with Schwab and Suretrader. I'm in Qld, WA is definitely a better time zone for trading US stocks.

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StevieW
2
StevieW Feb 12, 18 10:53 AM

Just say whatever is necessary to pass the application. The system tells when you don't qualify and then just change your answer to make it work. All that application is doing is trying to make sure you arent a professional trader that trades other peoples money for a living and you are trying to pay non-professional fees and rates and slide by all of the rest of the stuff that the professional traders have to go through. It isn't meant to weed out novice traders.

Tone
Tone Feb 12, 18 3:25 PM

Thanks all for sharing your experiences. I'm a little bit OCD so was probably over thinking things too much.

Tone
Tone Jul 23, 18 9:58 PM

Postscript: Looks like my concerns were 100% accurate. IB have only given me a 'Trading' (cash) account I can't short and I can't change the account type in the configuration. There was NOTHING in the application where I could choose this. Waiting to hear if they will change the account type for me. Seem like they randomly fuck people over.

Tone
Tone Jul 24, 18 10:27 PM

Post Postscript: So IB customer support tell me I CAN short. .......'We can see that you have a trading account with IB-AU entity. In trading account, shorting is allowed. You can place an order to short on any of our trading platforms'.......how confusing

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Noble1222
1
Noble1222 Jan 31, 18 8:55 AM

i have been using schwab for 1 year as of feb. i rarely short but i will say this - every ticker i see guys shorting is hard to borrow at schwab and the few times i called their desk they had no shares.

Noble1222
Noble1222 Jan 31, 18 8:55 AM

from what i can tell in the chat room stick to the brokers the big time short players use.

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Turbobob
Turbobob Jan 14, 18 11:30 AM

Yes, they are always chancing banks to find who will give them the best leverage.

Turbobob
Turbobob Jan 14, 18 11:31 AM

Foolw me on twitter as well @turbobob129 as I post lots of market commentary there as well.

Tole
Tole Jan 15, 18 11:37 AM

ST have recently changed their wire instructions, i emailed them directly to ask and the ones via email were different to the ones in IBoss. I transferred about 1K into their UK account a few weeks ago and the money arrived fine. One issue you i had is they do not contact you to let you know the money is in there and they dont tell you that it is IBoss you have to check. The money wont show up in your account management login from the website as i expected at first.

Tole
Tole Jan 15, 18 11:38 AM

their helpdesk have always responded to me within an hour also, so they are really quite good for customer service from what i can tell, even if some of their automated stuff isnt as described

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Tone
1
Tone Jan 05, 18 11:16 PM

Aussies seem to keep popping up here lately, lol. Perth is a slightly better time zone for Day Trading US stocks. I'm in Brisbane and it's pretty rough. Good luck with it, will be following your progress.

SAndrews
SAndrews Jan 06, 18 3:32 AM

@Tone eastern state traders do have it tough if they want to trade market open I guess over time I've got used to the fact that I'm going to be a bit sleep deprived lol.

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Tone
Tone Oct 30, 17 8:09 AM

Oh yeah, and importantly, do some fundamentals homework on the company. I only swing trade solid looking companies with a chart that is heading upwards. :-)

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Tone
Tone Oct 09, 17 4:13 AM

Thanks for posting, have now got VHC on the radar but will prob just watch....' tweets suggesting that a final judgment in its court case with Apple was released but sealed until no later than October 13. '

TomKob11
TomKob11 Oct 09, 17 11:40 AM

No problem, and cool thanks didn't know about any rumors, Yahoo finance news hasn't been working so finding news and such has been more difficult

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StevieW
1
StevieW Oct 08, 17 9:57 PM

For potential of offering on $ARDM, go to finance.yahoo.com and type in the ticker. Go to Statistics and look at a quick snapshot of the companies overall cash position. Its under the column titled Balance Sheet. They have $12M in cash and $14M in debt. So I would say yeah there is a risk of an offering. Then if you look at Financials, click Cash Flow. Click quarterly and you can see they are burning about $6M a quarter. So in another 3 mo they will likely be out of cash and still have $14M in d

StevieW
StevieW Oct 08, 17 9:59 PM

and still have $14M in debt. Having said that, the company might position themselves with some fluffy PR's in coming days or weeks to get their price up to do a financing at a higher level to generate more cash.

Tone
Tone Oct 09, 17 3:39 AM

@JKelly Thanks very much. I'll take that approach for researching these kinds of setups.

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