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jtsurfah, thanks for the idea.

Question answered

Posted by craigm on 20th of Jul 2021 at 05:01 pm

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

Posted by craigm on 24th of May 2021 at 07:21 am

Happy Birthday Matt - have a great day and may all your trades be profitable!

Gold Futures

gold and miners no love.  

Posted by craigm on 30th of Mar 2021 at 12:38 pm

Gold Futures

z0ned - much appreciated. Thank you for sharing. I'll give it a try.

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 long quickly. 

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 indicators.  

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

Trade Ideas table

Posted by craigm on 14th of Aug 2020 at 11:40 am

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

Facebook breaking out.

Posted by craigm on 6th of Aug 2020 at 12:36 pm

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 there

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 though. 

I had it for a

ROKU follow up

Posted by craigm on 3rd of Aug 2020 at 03:05 pm

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

big follow through on MOBL

Posted by craigm on 21st of Jul 2020 at 12:17 pm

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

GDX not a sweet candle

Posted by craigm on 8th of Jul 2020 at 02:12 pm

Possible resistance zone going way back to 2012-2013 

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