Received 3 Karmas
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.

Join now or log in to leave a comment
Received 1 Karma
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.

Join now or log in to leave a comment
Received 4 Karmas
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.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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

Join now or log in to leave a comment
Page
of 12