The community is delayed by three days for non registered users.

Thanks Matt.  How do you

Trade Ideas comments

Posted by rojoch on 21st of May 2018 at 12:15 pm

Thanks Matt.  How do you size your trade if it's a GTC order (i.e. When you're unsure what day it'll get filled on)?  Do use just use whatever the 9 EMA is at the time of entering the Buy Stop Limit order as your probable initial stop, combine with max $risk amount, and size your GTC trade size based on that?  Or do you use a constant $order size or constant #shares when placing these GTC orders?  Thx!

totally agree with oakavekid.  the struggle i've been having is in how to manage the trades once they trigger.  even after-the-fact case studies of how you managed several winning and losing trades would be a huge help

Thx.  You mostly using the 5m chart since you're intra-day?

Focus on the most objective setups (for trades)

To clarify, what would be your top 3 objective setups?  
- Low and High of Doji with divergence?
- Low and High of Hammer with divergence?
- Something else?
Thx.



Is the AAPL system still long?

Thanks mla127--great to see some Canadian trade ideas. Will be interesting to see whether those below the 200d can power up through it.

.../John in Victoria BC

Thanks for the updates Matt.

Systems Discussion and Video

Posted by rojoch on 4th of Apr 2018 at 11:47 am

Thanks for the updates Matt.  I definitely vote to keep the systems going.

Have you considered posting a snapshot of the system chart at the end of each trading day (similar to what you do with the BPT MA Deluxe)?

Thanks!

.../john in Victoria, BC

I currently have a stop

XBIT follow up

Posted by rojoch on 29th of Mar 2018 at 01:14 pm

I currently have a stop at the LOD ($5.14).  When you say "giving it a little room", are you thinking of a lower stop, say, 9de ($4.95)?

Given the whippiness of the

a few trade setups

Posted by rojoch on 29th of Mar 2018 at 09:07 am

Given the whippiness of the market, where would be good places for stops if these trigger?

Thanks for the email alert Matt!

.../john

Who here is trading in

Posted by rojoch on 21st of Mar 2018 at 07:48 pm

Who here is trading in a Canadian RRSP or RESP?  Looking to find out what approaches fellow Canadians are using (which broker, which trading platform, and how to handle the ever-changing forex rate)

Thanks!

.../John in Victoria, BC

I'm thinking back to the beginning of February when the market started dropping, and a second SPY Pro entry occurred, followed by more downside.  Then I think you mentioned having a stop in place in case things continued to drop.  Previous to that point I had always traded the SPY Pro system with no stops, just waiting for exit signals. 

Now that volatility and choppiness has appeared in the market, I'm more conscious of protecting the downside risk but somehow still allowing for second and third entries lower.

I'll place a safety stop under the bottom trend line and hope that it gives it enough room. 

In today's newsletter, Steve repeatedly urged us to have a stop in place due to the ascending wedge of the SPX.

Where would be a good stop for those of us who entered the SPY Pro this past week?

Thanks!

.../john 

Listening to your newsletter about

Wednesday's Newsletter

Posted by rojoch on 15th of Mar 2018 at 11:30 am

Listening to your newsletter about the recent big pops.  

For fast-moving stocks like these, what type of stops do you prefer?  Market?  or Limit?  (thinking about the effects of gaps and low-liquidity)

Any chance there's a version

Renko ES

Posted by rojoch on 13th of Mar 2018 at 11:08 pm

Any chance there's a version that works with TC2000?

Trying to figure out a

CYS follow up

Posted by rojoch on 13th of Mar 2018 at 02:35 pm

Trying to figure out a stop for this if it goes back to 6.76... 

6.26 would work if you see it as a double-bottom, with a target of 7.31 but that seems pretty wide (7%)

Or could do yesterday's mid-candle (6.55).

Or could do yesterday's low (6.49).

Or today's low (6.66).

Again, choosing initial stops (and then deciding how/when/where to move them later on) is the part I struggle with the most.

Thoughts?

Sounds like a great feature. Unfortunately iTrade Canada does not appear to offer conditional orders. :-(

Thanks I just used that

CECE follow up

Posted by rojoch on 12th of Mar 2018 at 04:26 pm

Thanks I just used that 10% in one day tip to book 15% gain in MU since buying it a week ago.  Normally I would've held on and risked doing a round-trip.  Thanks again!

.../john

Alerts vs Buy Stop orders

Posted by rojoch on 12th of Mar 2018 at 01:44 pm

Alerts vs Buy Stop orders for entries?

Great video on position sizing.  I notice on the Trade Ideas page that there are "Alarm Prices" that will be hit before the desired entry price so that we can watch it more closely before entering.  Problem is, I can't see much on my tiny phone when the Alerts trigger and certainly can't see my trend lines, annotation, etc.

So,  for those of us who aren't around throughout the entire trading day, what's a good strategy for entering these positions?  Placing a Buy Stop (Market?  Limit?) order in the pre-market?  Something else?  

Similar question about entering the initial stops: Given that (with my broker at least) we can't enter Sell Stop orders until we have successfully filled the Buy order, how do people manage that who aren't around throughout the entire trading day?  Run without a stop on Day 1 and then enter a Sell Stop after-hours on the day the Buy order fills?  Something else?

Appreciate any tips you can share on how to manage these entries and stops for those of us who aren't anchored at a trading desk all day.

Thanks!
.../john

Thanks Matt.  Been a member for just over a year and have only really traded your systems, not the individual trade ideas, because I didn't know where to put the stops so I could size the trade.  Having suggested stops added to the trade idea charts is a *huge* help!

For the systems (Paint Dry, SPY Pro), how do we come up with an initial $risk/share so we can size our position and what are some strategies for moving those stops up over time?

Thanks!

.../john

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!