Links in StockTickr to Search YOUR Site

August 25th, 2006

Today I added some links that you can use to drive users to YOUR site. With all the hubbub recently about content aggregation, I want to make it clear that StockTickr is NOT an aggregation play. If you follow the Interview Series I’m doing, you probably realize this already.

There are so many awesome blogs out there writing about stock market content. Just look at them in the Netvibes ecosystem that TraderMike put together. Brett Steenbarger put a great list together this morning, too. I think people should get credit for what they’re doing!

However, I don’t want to just say “StockTickr is not an aggregation play.” I’ll be adding some features over the next few days that demonstrate this.

Here’s the first one. If you’ve added the URL for your own site in your StockTickr Profile, everyone that views your watchlist will see an icon like the one below that links to a search of the current ticker symbol at YOUR site.

Here’s a perfect example. The great (and I do mean great!) Chairman MaoXian posted something on his site about ICT Group, Inc. (NASDAQ:ICTG). When you look at his watchlist in StockTickr, an icon (Search Your Site) appears that links to a Google Search of http://www.maoxian.com for ICTG.

StockTickr Site Search

Nice WordPress Plugin for Stocks

July 28th, 2006

Richard over at Move the Markets wrote a nice plugin for WordPress that scans your post for stocks you’ve mentioned and automatically creates a table at the bottom of the post with convenient links to Google Finance, Yahoo! Finance, and StockTickr for each stock. Here’s a snapshot I took.

Stock WordPress Plugin

Very nice, Richard! If you want to download the plugin for your own site, here’s the link.

Yahoo! Finance Badges in StockTickr

July 18th, 2006

I saw the news release yesterday that Yahoo! released Yahoo! Finance Badges – little snippets of code that allow you to put charts, news, and quotes on your web site or blog. This is certainly a nice feature that I believe some sites will find very convenient. Believe it or not, the cost of putting quotes on a site is pretty large.

Since it wasn’t all that much work, I went ahead and integrated the Yahoo! Finance Badges into StockTickr. Just look for the Yahoo! Badge link on the top of each page. Clicking on the link will take you to a badge for the stocks on that page as well as the code you can use to put the badge on your site. Here’s the link for the badge for the most recent additions to StockTickr.

Yahoo! Badges on StockTickr

What DID the Chart Look Like?

July 17th, 2006

The decision to buy or sell a stock for me depends a great deal on what the stock’s chart looks like. I would certainly feel blind not having a chart to look at. In fact, many of my buying decisions come directly from a chart. I’ll always look at the current chart before adding a stock to StockTickr or taking a position in a stock.

Let’s say you add a stock to StockTickr and then come back in a week to check on it. You can see the current chart, but it’s often helpful to see what the chart looked like when you originally starting tracking the stock. Is the reason you added the stock still valid?

This is the main motivation for adding the most recent feature to StockTickr. When you add a stock to StockTickr, a current monthly chart will be automatically retrieved and stored in your watchlist. This allows you to easily glance at what the chart looks like now versus what it looked like when you originally added it. This will also work even if you add a stock using Email Submit, a.k.a, the StockTickr Email API.

Hat tip to TraderMike and Richard from movethemarkets.com for this suggestion. If there are any other suggestions around this feature or anything else in StockTickr, feel free to leave them in the comments or contact me.

Here’s a screenshot:

current chart versus historical chart

Dave Landry Posting “Landry List” to StockTickr

June 21st, 2006

Dave Landry, the popular swing trader whom I interviewed early on, has started posting his “Landry List” to StockTickr. The Landry List consists of several stocks daily whose charts have interesting patterns given the current market conditions. In fact, a few stocks from this list appear in his Swing Trading newsletter that he sends out daily.

In Dave’s words:

The Landry List is derived by running a very loose parameter pullback type scan (email me if you need a copy). This scan is run on a database of nearly 7,000 stocks daily. It produces on average, between 500-900 stocks. I then look at each and every one of these stocks and cull out those that look interesting. In addition to my patterns, things such as (but not limited to) sector action, volatility, liquidity, ability for the stock to trade cleanly, and bigger picture patterns are considered. Additional stocks may also be found doing in depth sector analysis. For instance, if several stocks are setting up within a sector, I then “tool though” that entire sector looking to see if I may have overlooked any.

Keep in mind that this is NOT a direct recommendation to buy or sell short the following. It is simply where I’m finding stocks of interest. It is my “short list” of stocks from which I cull further.

You can follow the Landry List by using this address: http://www.stocktickr.com/davelandry/

Of course, the standard legal disclaimer applies.

New Feature: Your Site’s URL in StockTickr

June 5th, 2006

Do you have a web site? Now you can add it to StockTickr to drive traffic to it! Just go to your profile and add the address in the web site field.

The URL for your site will show up in a couple important places. The first is on your “My Stocks” page, the main page where users will see your picks.

URL

The other is any page where you have added a stock – for example, the page for a particular stock or a particular tag. A small globe will appear beside your username with a link to your site.

URL

I’ll be adding this link to the RSS feeds soon, so your site will get plenty of exposure when you add stocks to StockTickr.

New Feature: Name your Price in StockTickr

June 5th, 2006

When I started building StockTickr a few months back, I knew I wanted an online portfolio tracker that did a lot of the my work for me. I didn’t like having to enter the price of a stock when I added it to an online portfolio. So I set out and started building StockTickr with the goal of it being the simplest way to track stocks on the web.

It didn’t take long from the feedback I was getting to realize that StockTickr needed a way to let the user enter the price that a stock when a position was opened. But, of course, I couldn’t allow users to enter their price in lieu of automatically capturing the price.

The Best of Both Worlds

Now you can enter your own price for stocks in StockTickr, but we also capture the price when you add a stock. Only you will be able to view performance data based on the price you entered – everyone else will see your performance based on the automatically captured price.

Name your own Price image

StockTickr Search Released

April 3rd, 2006

Some of you have already noticed, but we quietly dropped the StockTickr search feature in a few days ago. This was one of the most requested features we had – there wasn’t an easy way to lookup a symbol. We wanted to provide more than just a simple symbol lookup (symbol lookup forms are a dime a dozen).

You can use the search form to do symbol lookups as you’d expect. But at the same time StockTickr will also search comments from users’ watchlists, company names, tags, and StockTickr usernames. So search away!

You’ll see this same form on the top of each page in StockTickr:

Search:

StockTickr Alerts Released

March 24th, 2006

How many times do you come across a stock that looks good to you, but not exactly at the current price? You’d like to keep the stock in your watchlist, but you are only interested in trading it when, say, it reaches a new high or low, or when it reaches a certain price threshold. There are many stocks in this situation for most investors. How many stocks in your watchlist do you actually have a position in? Unless you have a very large amount of capital, you probably have positions in just a portion of the stocks on your radar. You’re probably waiting for some price threshold to be met for the remaining stocks.

At StockTickr, we’d like to save time for investors – free your time to do other things with your life rather than wait for stocks to reach a certain threshold.

That is why we created StockTickr Alerts! Read on for the details.

Read the rest of this entry »

The Stocktickr Trading Journal

March 14th, 2006

Upgrade to Stocktickr Pro here to get access to the Stocktickr Trading Journal (it’s less than the cost of a single trade per month!)

Stocktickr Pro subscribers get access to one of the most powerful trading tools for short term and long term investors alike: a trading journal. Why is using a trading journal so beneficial? It helps you use better money management. Successful traders realize that a good money management strategy is the way to consistent profits in the market. Ironically, many traders agree that money management is the most important but least understood trading concept.

A good money management strategy answers the question: Given the amount of my total portfolio, how much should I invest in a single stock? The answer lies with how much you’re willing to risk on each position. By “risk” we mean the most you’re willing to let your position go against you before you bail out.

In other words, your risk is the distance between your buy point and your stop loss as a percentage of your entire portfolio. This distance is commonly referred to as R. Your goal as a trader should be to make profits in large multiples of R. That is, find trades where you can make your risk (R) very small in proportion to the potential profit. Traders use a term called “Expectancy” or profit in terms of your initial risk to evaluate their trading.

What should your risk be in each trade as a percentage of your entire portfolio? Many great traders seem to settle on a value of 1%. That is, when you enter a trade you should size your position (the number of shares to buy or sell) so that your risk amounts to 1% of the value of your entire portfolio. If you risk too much, the drawdowns you’ll experience will be too much. Risk too little and you won’t optimally capitalize on your winners.

Defining your risk before you enter a trade also defines your worst case scenario. This is very important in stock trading and a step that many investors overlook. How many individual investors lost money in the dot-bomb era stock market dive? How much more value would their portfolios have if they defined their risk beforehand and bailed out of trades that went against them?

The Stocktickr Trading Journal is a simple tool for helping you calculate position sizing and risk as you enter trades. When you click the “Show Trading Journal” button, the journal appears with intelligent default values that save you time. As you adjust your stop loss, the other fields such as R value, adjust automatically giving you a quick view of the risk/reward potential of a trade.

You can adjust your default R value and default position percentage to suit your type of trading. For example, if you’re comfortable risking 2% of your portfolio on each position, you can change your default R value in your profile to 2 and when you go to the journal for a trade, your default values will be customized for your style.

After you enter trades in your journal, there are a ton of reports you can use to slice and dice your trading and find out what’s working better or worse for you. You can view Expectancy by Tag, Expectancy by Trade Duration, Expectancy by Trade Type (long or short), and much more.

Investors have a tendency to announce good trades from the mountain top and sweep their bad trades under the rug. The Stocktickr Trading Journal helps you honestly evaluate your trading and keep you in the game.

Upgrade to Stocktickr Pro here to get access to the Stocktickr Trading Journal (it’s less than the cost of a single trade per month!)

stocktickr trading journal

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