Bito

@kroyrunner Hey Tim! I was just wondering what were some of the best ways to think about slippage. I’ve seen your DVD’s and your pretty spot on with your covers or sells at your risk. I hope my question isn’t too confusing but I was just shorting $SURF this morning risking off of R/G and it almost reached R/G by .05 so I threw in a cover order for 51 shares at 5.95, got filled instantly, and then it never hit R/G and cracked like I wanted. Granted it was only 51 shares but I’m starting to feel anticipating the risk level being hit by putting an order in is not a good idea. So what are your thoughts on accounting for slippage should it look more like putting an order in as soon as it hits your risk or right after it hits and should I expect to change my mentality with bigger size? I do figure float, share count, and market cap would be factors so the bigger these are the more you can judge smartly how its acting around your risk level and the smaller they are the more aggressive you want to be with your covers or sells.

Received 1 Karma
kroyrunner
1
kroyrunner May 23, 2:22 PM

@Bito i usually put my order in right as my risk level breaks, a few cents above that level. it's not about avoidnig slippage for me, it's more accepting that there will be a little and perhaps sizing a hair smaller knowing that fact

Bito
Bito May 23, 4:47 PM

@kroyrunner Thank you again for all your wisdom and all that you do for the trading community!

Join now or log in to leave a comment
mitch20

@kroyrunner Hi Tim , apologies for the noob question i am currently creating spreadsheets to track data , i have watched trading tickers and used tradetheticker.blog spread sheet example and found both very helpful. I have split the tickers into separate categories including : market,volume , market cap , float then split them into good , medium and bad day ones. This has however left me with over 100 spread sheets and will take over 2 years to fill each one with 100 tickers. Would you say this is to extensive or worth the time ? Thankyou for the great lessons in the chat !

Received 4 Karmas
kroyrunner
3
kroyrunner Apr 23, 10:50 PM

@mitch20 I think you're splitting your categories far too severely if it leaves you with that many sheets. What I do is I track all these things on ONE sheet per setup, and then I can sort/filter by column to see if any of the variables I'm tracking actually make the play more/less likely to succeed

black_M87
black_M87 Apr 30, 10:00 PM

Hi Tim, your DVDs are great; thank you for explaining your ideas and thought processes in detail, I've found it really helpful in developing my own ideas and strategies. Do you still use Equityfeed (now called Scanz)? What do you use to record your trades? Will there be a sequel to Trading Tickers? Thanks.

Join now or log in to leave a comment
kroyrunner

[TimChallenge] as of today i am never again answering what my target is since the answer is ALWAYS "i don't have a target"

Received 12 Karmas
kroyrunner

[TimChallenge] trading is all about having 2 things guys, strong conviction (whatever your reason may be) that the move will go in your favor, and a clear risk level to use in case you're wrong. it's not about calling it right every time. just have a plan and stick to it and if you're wrong more often than not then you need to examine the edge you think you have and reassess

Received 28 Karmas
Mikeb132

@kroyrunner Hey Tim, in one of your videos you talked about a course for Google Spreadsheet and I remember you said it was expenive but often on a deal. I don't remember which video it was but i would like to buy it so I can start tracking trade and setup. Thank you !

Join now or log in to leave a comment
Page
of 188