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GT500
GT500 Apr 29, 12:19 PM

I am day trader but need to find something for swings, so I am interested.

Samkara
Samkara Apr 29, 9:36 PM

@cwood Hey, I’m trading earnings.. my okay tomorrow is NAKD. What do u think? My DD on it started like a month ago.. I believe it might be a runner tomorrow.. I bought few dips in the past few weeks 0.45s and 0.55s

cwood
cwood Apr 30, 9:50 AM

@Samkara I don't see any earnings announcements for that stock and I don't trade anything under a dollar so it's not really my type of play. Sorry I can't help you out on this one

cwood
cwood May 03, 11:41 AM

Sorry guys, I tried posting a new video this morning but the profitly site has technical issues when youtube links are added to a post. You'll have to go to my youtube channel instead

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Jaykian720
1
Jaykian720 Jun 13, 19 4:54 PM

Solid research, but wouldn't it be quicker, safer, and easier to simply short on the morning of earnings? Rather than try and catch the bottom, which can be tough

cwood
cwood Jun 13, 19 5:42 PM

@Jaykian720 Excellent observation. These are just 2 ideas for earnings strategies, I have something around 10 earnings strats running in my auto-trading platform every day.

Jaykian720
Jaykian720 Jun 13, 19 6:44 PM

Low key sarcasm! Cool - what algo plstoform do you use?

cwood
cwood Jun 13, 19 11:24 PM

@Jaykian720 Haha I was actually being serious, I'm not used to interacting with traders who have solid critical thinking skills :) I'm using trade-ideas, it's expensive but worth it

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cwood
1
cwood Jun 18, 19 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, 19 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, 19 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.

Tone
1
Tone Jun 18, 19 12:03 PM

@cwood, ok, got it. Cheers. :-)

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Tone
1
Tone Jun 11, 19 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, 19 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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dauber360
dauber360 May 31, 18 12:09 AM

I think you should try swing trading. The volatility of day trading requires your 100% focus. Keep your job and swing swing trade until your have enough money to day trade full time. Another alternative is to get a job working second/third shift and trade during the day. I don't have STT because I told myself that I need to hit a goal $ before I buy it, but I use the fidelity app alongside tradingview.com and constantly watch the stocks I'm focused on.

cwood
1
cwood May 31, 18 1:16 PM

+1 for tradingview. also thinkorswim mobile doesn't use a lot of data & I do all my trading from my phone

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