Stock trading strategy?
Posted by admin in Stock Trading on 03 9th, 2010I’m looking for robot-like trading strategies.
Example: Compare the list of stocks on Investors Business Daily TOP 100 list each week. Select stocks which were added in the current week. Buy 100 shares. Sell if 1) it hits a 10% trailing stop, 2) it falls off the Top 100 list, or 3) after 2 months whether it is up or down.
How can I back test this strategy? How does it compare with other mindless systems? If it can be improved, what changes do you suggest?
While I agree with others here that the plan you talk about will not work in any scenarios except a Bull market like 1999-early 2000, you can surely modify your strategy.
At least you are thinking of sticking to a strategy, most folks do not have one and do not stick to one.
What you should do is get educated in Technical analysis ( TA), one you do that there are lots of specialised techniques ( Elliot wave/ Gann )etc. But these basic TA.
I would say Candlestick charting and pattern recognition is good to start .
Then you will know the basic stuff like moving avg’s , cup and handle, head and shoulders etc. Then go for the specialised techniques, settle on one and develop a strategy and start using it.
you can try Meta stock, tradestation, esignal etc, where you can easily backtest.
I like the following websites: realmoney.com, minyanville.com, bigtrends.com, schafferresearch.com etc etc. Most have free trail periods, use all the free stuff before you pay for anything.
There is no shortage of strategies and techniques and not one of them is perfect. Go through them all and you will like some more than others.
BUT MOST IMPORTANT:
Do not forget to read books on discipline in trading by Alexander Elder,Ari Kiev etc.
If you have a strategy and discipline , and stick to it, then thats it.
Also be flexible, what works in one kinda market does not work in another.
read comments (4)What’s the best solution to my A/C return problem?
Posted by admin in Options Trading on 03 9th, 2010My house had a mold issue that has been resolved. However, due to this problem, I now have mold growth inside the return duct of my A/C system. It is a metal duct that is lined with fiberglass insulation. It is visibly contaminated and creates an odor that is being spread throughout the house.
Which is my best option:
1. Replace the insulation with new fiberglass or other duct liner.
2. Remove the insulation and insulate the exterior of the duct.
3. Pull out the whole return duct and replace with one made of fiberglass duct board.
4. A completely separate option that I have not covered since I am not a pro.
I would hire a professional but the cost is through the roof. I can handle this job since I am a pro in other trades. Just another skill to add to the ever growing list. Time is of the essence though because I am not running the unit at all to avoid "the stinkies" and, being in the South, the heat will not hold off much longer. Thanks for any input.
i dont know what services are offered in your area or the cost, but have you looked into cleaning/mold removal? i am goining to assume that you have, i have some experience in hvac systems and my recommendation is to replace the duct work with metal duct work and insulate it from the outside. it is easily cleaned if your mold returns. also did you hire someone to remove the mold? if so why didn’t they take care of the the mold in the ducts?? anyway hope this helps. if you need more feel free to ask me
Why derivatives are in lot sizes?
Posted by admin in Futures Trading on 03 9th, 2010Why futures & options of stocks are in lot sizes? Why for each share contract is not allowed?
Suppose Reliance lot size is 75. Why 75. Why not 1? I mean, like in normal markets in F&O also contract size can be as low as 1. And it is traded like in normal equities. It gives more liquidity to the derivatives also.
Why it is not like that? Is it in India only? or all over world is it same?
If yes why?
Generally derivatives provide more flexibility for traders? (ofcourse its complex system to understand also) By making contract sizes what is the intention? Is it to avoid small investors/traders out of derivatives (as one may loss huge amounts)?
Is it only in the interest of small traders? If it is so, then why small investors/traders are allowed into the market? They should be allowed through mutual funds only.
By making lot sizes, small investors are not able to take advantage of market conditions. suppose dlf 1st month futures are trading 6-10% discount for the last 10-15 days. (that too 1 week a head of settlement day).
If a small investor wants to purchase100 shares if contract system is not like this he can purchase in futures.(remember 3rd month futures are at 15-18% discount)
I am not from economics background.
Thanx in advance
Because there are not enough "punters" foolish enough to trade in small volumes of derivatives, (which are primarily a hedge-tool for institutions) to merit "market makers" in the derivative market.
Remember I said that when you’ve lost enough money that you give up…
Has anyone tried the Forex currency trading system?
Posted by admin in Forex Trading on 03 9th, 2010If so, how have you done?
Sure. My account was up 40% last month, and is already up 42% this month with two more weeks to go.
I’ve traded the stock index futures for 15 yrs, but the trends are no longer there; replaced with whipsaws and fakeouts and wild opening gaps.
Check it out.
http://www.premieretradeai.com/index.php
http://www.forextv.com/FT/Video.jsp?channel=41
http://www.babypips.com/forex-quickstart/overview.html
http://www.dailyfx.com/
http://www.forexnews.com/
http://www.forexbastards.com/index.html
http://www.goforex.net/forex-broker-ratings.htm
http://www.fxstreet.com/brokers/forex-brokers/
BEST Day Trading System That Takes Less Than 20 Minutes and Makes 5 Figures Monthly
Posted by admin in General on 03 9th, 2010
http://www.ForexAutopilotRobot.com – A Day Trading System That Does Not Take More Than 20 Minutes a Day and Makes 5 Figures Every Month! -
How to trade not more than 20 minutes each day and reach a 5 figure monthly income? If you can do it, you have claimed financial freedom for the rest of your life. Just trade 20 minutes each day and enjoy the rest of the day with your family and friends. It sounds simple because many people who trade, sit for hours in front of their computers everyday and still can’t make any winning trade.
Bill Poulos was one such person. He started trading in 1974. Remember those days, there was no internet and online trading was simply a thing not known at that time. He would spend countless hours reading charts. One day he set the goal of finding a day trading system that does not need more than 20 minutes of trading each day and can give him what he wanted; Freedom to spend time with his family.
He immersed himself in trading manuals. One day he achieved his goal when he learned little known tricks that could easily turn losing trades into winners and safely triple the profits. These tricks are simple but Bill took years to learn them. Now he has a day trading system that does not requires him to trade more than 20 minutes each day and makes a 5 figure income for him.
Do you want to learn these little known tricks? On your own, you won’t be able to discover them. But if you watch these 4 FREE Forex Day Trading Videos by Bill, you can easily learn them. One video shows him trading while taking his breakfast. It is as simple as that for him now. With these tricks, you too can trade like Bill. Watch these 4 FREE Day Trading Videos. Don’t miss them!
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BEST Day Trading System That Takes Less Than 20 Minutes and Makes Figures Every Month
Duration : 0:5:49
Trader Self Assessment Tool.avi
Posted by admin in Futures Trading on 03 9th, 2010
Welcome back Traders,
In this video we walk you through the critical element to your trading success which is your Trader Self Assessment Tool. This is an excellent resource to keeping you focused on executing your trades according to your trading plan. It is also critical to maintaining the focus and self confidence you will developed during your backtesting and simulated trading.
If you have any questions concerning the Trader Self Assessment Tool, please feel free to email me at shane@globalmarkettrader.com.
All the best.
Shane Fry
Global Market Trader
Duration : 0:7:58
