3309 Drysdale Ct
Edwardsville, IL 62025
jtsurfah, thanks for the idea. I sold a call near the close
before the EOD drop.
Honestly, if you have the time to read a TA book, I wouldn't. I
would make sure I review, listen, and study the BPT Newsletter
nightly and on the weekend. Analyze past trade set ups, see how
they did. Really learn what Matt and Steve are sharing. In my
opinion, they are the best in the business. If you want to read, I
would suggest Mark Douglas: The Disciplined Trader and Trading in
the Zone. The psychological/mental aspect of trading is much more
difficult to master than the technical side. That is where most
traders fail. Even following Mat and Steve, I have not been that
successful trading directionally. My fault, not theirs. Recently, I
have moved toward probability-based trading (credit trading with
options) and have been much more successful than trying to trade
directionally. But that is me, you have to find what works best for
you. It is truly a journey. It has taken me 10 yrs of
struggle to find this out. Now I take what I have learned from Matt
and Steve to enhance my credit trading and it is working out well.
Also have been taking the SPY system trades which have been
amazing. Hope that helps.
Happy Birthday Matt - have a great day and may all your trades
z0ned - much appreciated. Thank you for sharing. I'll give it a
Earnings Release after mkt close today
steverobin: That would be Tradestation
Matt and Steve,
Thanks for the work you guys do and your efforts to constantly
improve the service. Personally, I like the idea of less ideas with
more detail, such as adding the 60 min chart and more details
explaining possible entry choices, stops and targets. Not sure what
your universe of stocks for trade ideas is, but maybe you can
reduce that a bit with some filters such as minimum volume
requirements (avoid thinly traded stocks), minimum price ($1.00+),
minimum APTR (Average Percent True Range - if you want a certain
level of volatility in the picks so they move), maybe only show the
highest probability patterns/set-ups, etc. It does get a bit
overwhelming with so many choices, and when you start tracking the
trades that take a little longer to trigger the list can get quite
bigg: That's just a scrolling example on the homepage - none of
that is real time. Been there for years.
I remember when ToS was solid and their customer service was
exemplary - that was before they were bought by TDA. Guess I'll
fund that TS account once Matt gives us the go ahead for his
It's $99/mo for the platform. What I'm going to do when Matt
says everything is ready is pay the $99, download the platform,
trade with the indicators for a month using my TDA brokerage
account, evaluate how I did, then decide if I want to open a
brokerage account with TS, or continue paying the $99/mo to just
use the platform. Open a brokerage account with a minimum deposit
of $2K and the platform is free:
https://www.tradestation.com/pricing/ Might be
some minimum trading requirement as well not sure about that
Matt, if the Earning Calendar link updates automatically, would
it be possible to also add it to the Newsletters Drop Down below
Trade Ideas? That way we wouldn't have to open a Newsletter to
access it. Thanks
Great news Matt. Thank you to you and Steve for all the work you
guys do to make BPT the best trading education community out
shecar - I'm on ToS and use a 12 Hull MA - comes pretty close to
Matt's. Can't find any indicator that works like the cycle one
I had it for a few months about a year ago - it was $99/mo and
around $5 or so for data without have a brokerage acct.
Matt, where is the link to Zoom room?
Thanks for the explanation. I don't have Stockcharts so I just
redraw your lines and set alarms on ToS. Seems to work okay for me.
I'm for anything that makes your jobs easier.
Jason, Steve would tell you to trade your plan :-)
erikvik, PRTS is moving about 63 cents a day. The range of
that 1 minute candle was 70 cents, more than it normally moves in a
day. Your spread was 29% of what it normally moves in a day,
which should have been plenty. In addition the next 1 min candle
had a low of 9.16, so price came back in your range. Seems to me
you should have been filled. Sucks that you weren't. I use ToS.
I've gotten some REALLY bad fills when I've just done buy stop
orders, so I've switched to buy stop-limit orders. I vary the
stop-limit spread based on the ATR of the stock. For example, for a
stock that moves $1 a day, a 5-10 cent stop to limit spread should
get you filled, at least it usually does with ToS. A stock
that moves $10 a day may need a larger spread since it can
generally move quicker in a short timeframe.
Possible resistance zone going way back to 2012-2013
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