New R Tables in StockTickr Journal

March 20th, 2007

A few subscribers have already noticed, but I added some “R tables” to each entry in your StockTickr Journal. The reason I added them is because I use R values as a guide for moving my stop. For example, when I reach 1R of profit in a trade, I’ll move my stop to breakeven. As my trade reaches 2R, I’ll usually move my stop again. How far I’ll move it depends on a few factors, but these whole number R thresholds are where I make my decisions.

I used to compute these numbers in my head and write them down on a sticky note when it looked like my trade was approaching 1R. The math is not hard, but I don’t like doing even simple things that could be more easily done by a computer. This is why I added the tables to the StockTickr Journal. Now, I enter my trade into the journal as soon as I make it and this R table is immediately available without my human error factor.

Just hover your mouse over the green dollar icon in the journal next to the ticker symbol to see the R table.

R Table

Announcing StockTickr/Trade-Ideas Integration

February 22nd, 2007

We’ve been quietly working on a new feature that integrates StockTickr with one of my favorite tools that I use every day that I trade: Trade-Ideas. It’s available now to StockTickr Pro subscribers (signup here). Here are some FAQs if you’re ready to start using it and here’s where you can configure your rules. Read on for more of an explanation.
Read the rest of this entry »

Popular Lists in StockTickr

December 13th, 2006

StockTickr is getting a lot more useful. In addition to the stocks that users submit to keep track of in their own watchlists, there are several lists that get programatically entered into StockTickr that you can use in your own trading. You can always track these in your RSS reader using the RSS feeds that are available for just about everything in StockTickr.

For example, we’ve been entering stocks that have hit new highs (RSS) or new lows (RSS) on above average volume for some time now. It’s funny how these stocks are always popping up on the best performers list.

Recently, Richard from Move the Markets has been putting several of his lists into StockTickr. His weekly Best Stocks to Day Trade (RSS) list is now in StockTickr. Also, his daily near 20 day highs (RSS) and near 20 day lows (RSS) are being added nightly as well.

The High Alpha list (RSS) that Ugly likes to trade is now in StockTickr as well.

Here’s a couple interesting lists that Eric over at DeepMarket is adding using the StockTickr Email API. The top 10 Head and Shoulders Patterns (RSS) and Inverted Head and Shoulders Patterns (RSS) are being added at the end of each trading day. I asked Eric to explain a little about how his process works:

As an experiment I am trying simple correlation to help bring up a list of “possible” head and shoulders patterns. I describe it in more detail in my articles Oversimplified Method for Finding Patterns in Stock Charts and Correlation Pattern Matching Explained. The process is very simple and the results are mediocre at best – I get a lot of nasty email from technicians – but very little insight about how they find them. I standard case of “I know it when I see it” syndrome. What I was trying to do is show how programs can help humans reduce their work load (looking for patterns), but generally it is still up to the humans to determine if the patterns are valid or not.

My pattern matching process is written in Java, so I just used the Java mail API to construct an email with the top ten symbols (sorted by correlation) and then send them to StockTickr using the StockTickr Email API. I had not used the Java Mail API in years and had an awful time trying to connect to any of my normal emails accounts, but I finally got it working with GMail.

Do you have suggestions for other lists that you’d like to see in StockTickr? Let us know or go ahead and start using the StockTickr Email API.

Also, look for an announcement in the coming days about how you can seamlessly integrate these lists and any stocks in StockTickr into your trading workflow.

Performance by Price Range Report

December 11th, 2006

I’ve added another report that’s available to StockTickr Pro subscribers for getting the most out of their trading. It’s called Performance by Price Range and it shows how well your system performs based on the price of a stock. For example, does your system perform better with lower priced stocks or higher priced stocks?

Here are the results for about three months of my trading. For some reason, it looks like $40 stocks are my sweet spot. As always, comments and analysis are welcome. 😉

Performance by Price Range

Price Range View In Total R Win % Expectancy Trades
0.00 – 9.99 Calendar, Chart Review -1.32 0.00 -0.44 3
10.00 – 19.99 Calendar, Chart Review 5.63 31.82 0.26 22
20.00 – 29.99 Calendar, Chart Review 9.11 50.00 0.35 26
30.00 – 39.99 Calendar, Chart Review -1.32 37.50 -0.06 24
40.00 – 49.99 Calendar, Chart Review 16.14 66.67 0.77 21
50.00 – 59.99 Calendar, Chart Review -4.41 18.18 -0.40 11
60.00 – 69.99 Calendar, Chart Review -0.30 16.67 -0.05 6
70.00 – 79.99 Calendar, Chart Review -1.24 33.33 -0.41 3
80.00 – 89.99 Calendar Chart Review -2.60 0.00 -0.87 3
90.00 – 99.99 Calendar, Chart Review -0.42 0.00 -0.42 1

How to Start an Investment Club or Advisory Service with StockTickr

November 14th, 2006

StockTickr Pro users have the ability to start their own investment club or advisory service right within StockTickr. Let’s say that I’m a super-duper stock picker and that every stock I select turns to gold (not the case for me!).

If I wanted to let only certain people access my picks here’s how I’d do it:

When you add a stock to StockTickr, StockTickr Pro users have the ability to mark a trade as “private”:

Marking Trade as Private

Marking a trade as private prevents anyone else from seeing that trade – unless you add them as one of your “subscribers”. To do that, go to your subscribers page and add their username.

Any users that you add will be able to go to http://www.stocktickr.com/private/ and see all private picks from any user that they are subscribed to.

All your private entries will appear with a lock beside them in your list:

StockTickr Private Entry

Trading Journal Calendar View Added

October 2nd, 2006

I’ve already posted some images of the calendar feature I’ve added to the StockTickr Trading Journal and I finally released it today. It’s a calendar view of your trading journal and it gives a unique view of your trading. It’s available now for all StockTickr Pro subscribers.

Trading Calendar for September

The green days show days where you made money and the red days show days where you lost money. The darker the color, the more extreme the gains or losses were compared with your largest gains or losses for the month. Just click on the day of the month to show the journal details of those particular trades.

Calendar Link

I’ve been using this calendar view for about a month now and it has definitely helped me keep things in perspective. For example, I remember there were a couple days where I had three losing trades in a row. At that moment, it seemed like my trading world was falling apart. During those times, looking at this calendar view allowed me to visualize the fact that my biggest winning trades are always bigger than my largest losing trades.

It has helped me keep the big picture in focus even when I’m suffering through a losing trade.

You can share your StockTickr Trading Calendar with the world or keep it private. Here’s a link to mine if you’re interested.

We’ll be adding some more features to the calendar view soon.

Reviewing Your Trades with StockTickr

September 20th, 2006

When I started Dummy Trading a few weeks ago, I was really interested in capturing screenshots of the charts of my trades so I could review at the end of the day. It was important to me to capture my entry point, stop, exit, and what the general market did that day. To do this, I ended up taking screen grabs and annotating them with my entries and exits. I’d save the image with some descriptive name like: trade.20060803.long.GES.png which would indicate a long trade in GES on 8/3/06. Here’s that exact screenshot that’s sitting somewhere on my hard drive gathering dust (click to enlarge):

GES Trade on 20060803

This approach worked for a while, but there are a few reasons I got tired of it:

  • It’s too much work to do this for every trade – I had to figure out where I entered and exited and draw them on the chart.
  • It was inconvenient to review the trades in this format – my trades were on my hard drive in a relatively inaccessible format.
  • Sometimes I’d trade off different charts and there’s only so much room in a single screenshot.
  • Did I mention that it’s too much work? If I didn’t remember to do the screen grabs right at the close, I was starting to just let it slide.

Because of the reasons above, I wasn’t reviewing the charts like I should. The whole point of reviewing your trades is to learn from them and my solution wasn’t working.

So, I decided to build a feature into StockTickr that does the heavy lifting for me. Instead of a screengrab, StockTickr generates charts for me. It’s called the StockTickr Chart Review and here’s how it works.

  • I enter a trade into the StockTickr Trading Journal like I normally do.
  • I close out the trade and enter it into my journal (again, like I normally do).
  • About 30 minutes after the market close, StockTickr automatically generates candlestick charts in multiple timetrames (5, 10, 15, 30 minute bars) for each of my trades that day, plotting my entry, stop, and exit.
  • In addition to the charts for the stock I traded, StockTickr also captures the charts for QQQQ and SPY with a line indicating the time that I entered my equity trade.

When your chart review is ready, you’ll see an icon next to the ticker symbol in your trading journal:

Chart Review from Journal

Here’s a trade I made in SIMG the other day, and here’s another one I made yesterday (it didn’t turn out as well).

Share your Charts

Your chart review is private by default, but you can also share your charts with the world, if you’d like. To enable sharing, go into your profile and share all your charts:

Share Chart Review in Profile

Or, if you prefer, you can share charts on an individual basis:

Share an Individual Chart

When you share your charts, they’ll show up in the StockTickr Chart Review section, where you can filter everyone’s shared charts by time frame (only show 5, 10, 15, 30 minute charts), trade type (long or short), winning or losing trades, and based on minimum or maximum R. For example, this link shows 15 minute charts for short trades that resulted in at least 1R of profit.

There’s even an RSS feed for the StockTickr Chart Review if you want to follow along in your RSS reader.

You can also copy the charts to your own site if you’d like to share them. You can also feel free to simply link to the chart on your own site (i.e., we’ll host the chart).

Bottom Line

This has dramatically streamlined my trade review at the end of the day because so much of the process is automated (I love automation). Because different time frames are captured, I’ve noticed some characteristics of my trades in a different time frame than I traded. Also, since much of my success depends on guessing the overall market trend during the day, the QQQQ and SPY charts help me remember what the market was doing on that particular day. Best of all, I don’t have to lift a finger – no more screengrabs!

The StockTickr Chart Review is available now for StockTickr Pro subscribers. Sign up today and get copies of the TRADEthemove.com e-books on fibonacci trading.

StockTickr Reports Changed

September 14th, 2006

I got some feedback a few days ago from BTSTrader (his site). He had a great suggestion for the StockTickr Reports page which details the most profitable trades taken by StockTickr users in the past 14 days.

The report had only open trades displayed, where a user had added a stock to their watchlist and hadn’t yet removed it. BTSTrader suggested that closed trades are more important and should be displayed by default. I agreed and just updated the report to show closed trades by default. There’s a button where you can display only open trades instead.

Thanks, BTSTrader. If anyone has any other suggestions, please contact us.

StockTickr Reports

Richard Todd Onboard at StockTickr

August 30th, 2006

StockTickr has always been a one person show. That is until now.

Many of you probably know Richard Todd from his site, Move the Markets and, in fact, I interviewed him a while back, too. He posts regularly on his site and always had something insightful to say about trading the markets. He is a great writer and it comes across in just about everything he writes and does.

Richard has used StockTickr for a few months now. He signed up for StockTickr Pro a few weeks back and since then he has been a constant nag (kidding, of course!) source of ideas and improvements to the site. It was obvious from the suggestions he was making that he “dug” StockTickr and realized how he could use StockTickr Pro to improve his own trading. He even created a WordPress plugin for StockTickr (and other sites) without any coaxing from me!

We communicated regularly over GTalk and bounced ideas off of each other. He provided some fantastic feedback on almost every aspect of StockTickr and most recently on a new StockTickr Pro feature that we’ll be announcing shortly. It just seemed like a logical next step to see if Richard wanted to help out. He was interested and we discussed some details about how it might work. We finally agreed to an arrangement and I’m thrilled that another motivated trader is helping out! There are a ton of new features in the queue and this will help them get implemented much faster.

Welcome aboard, Richard! (Here’s the announcement from Richard.)

Free E-Books from TRADEthemove.com

August 29th, 2006

After I interviewed Trader-X (site) a few weeks back, I became interested in Fibonacci trading and the way he trades it. I contacted Kernan from TRADEthemove.com and got a copy of his two e-books (and subsequently interviewed him).

I’ve since incorporated into my trading some of the information from his two e-books, Using Moving Averages and Fibonacci Retracements to Help Predict Price Movement, and Fibonacci and Fixed Timeframes. It’s been quite helpful in my trading which I’ll write a post about at some point.

Don’t get me wrong – it’s not a magical indicator for you holy grail seekers in the crowd. However, I did find that this type of trading fit my personality quite well and is improving my win rate. I liked it so much that I contacted Kernan to see if we could run some type of promotion on StockTickr. He graciously agreed.

So for the next few weeks, new StockTickr Pro subscribers will receive a copy of each of his e-books for free. Yet another reason to sign up for StockTickr Pro.

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