Speaking at NY Traders’ Expo on Tuesday

February 20th, 2011

Just a reminder that I’ll be giving a presentation along with Trade-Ideas’ David Aferiat at the New York Traders’ Expo this coming Tuesday, February 22. The title of the talk is Automated Trading with the Odds in Your Favor. We’ll discuss coming up with trading strategies, refining your ideas into a trading plan, and creating a feedback loop for ongoing continuous learning about the markets.

Feel free to drop me a line if you’re going to be there and we can meet up.

Options Support Coming Soon – Sign Up to Learn More

February 16th, 2011

We’re hard at work adding support for options in StockTickr. If you’re an options trader and want to use StockTickr to improve your trading, sign up here to be notified when it will be ready.

Rest assured that the options trading journal will be:

  • Easy to use
  • Require minimal manual data entry
  • Will help you make more money with your trading

Sign up here and be notified immediately when it’s ready.

The New StockTickr Yearly View

February 7th, 2011

We’ve just added a new calendar view into StockTickr.  You can view multiple years worth of trading on a single page. Notice the colors – the darker green the day is the more profitable that day was relative to other days and the same is true for losing days.

Clicking on the day of the month takes you right to the trading journal for that day. There is a link on the month name that takes you to a monthly calendar view showing details of each day.

Sign up now to become a better trader!

Here’s a screenshot:

Calendar Year View

Didn’t Log All Your Futures Trades? Use StockTickr To Upload Trade History

October 11th, 2010

Didn’t log all your futures trades into a journal but still want to analyze your trading and improve your edge? No problem! We’ve just added support for uploading trade history from Transact Futures monthly statements using the StockTickr Bulk Import feature.

This is a nice addition for futures traders with firms that clear through Transact (Infinity Futures for one). Instead of starting from scratch or manually entering trade by trade you can now import your entire trade history into StockTickr right off the bat which makes the performance analysis that StockTickr provides that much more valuable.

Here’s an example of what you can analyze, learn more here.

  • Which times of the day are you most profitable and which are costing you money?
  • What’s the typical amount of ticks or dollars a position goes against you but still ends up profitable?
  • Does your trading exhibit streaks, is it better to press it when things go your way or maybe not?
  • Is System A that you’re trading better than the new System B you’re trying out?
  • Want to keep track of performance during Fed day? Just tag those trades as FedDay and analyse them separately.

We support over 40 futures contracts. Sign up for a free trial and start making the most of your edge.

StockTickr Announces the Sterling Trading Bot

October 6th, 2010

After several weeks of beta testing, the StockTickr Sterling Automated Trading Robot is ready for action!

This robot will let you automate your trading through the Sterling trading platform using your Trade-Ideas trading strategies. You have full control over your trading strategies and can configure your trading instructions in a number of ways.

  • Absolutely the easiest way to start automated trading – no coding required!
  • Full control over what gets traded through the robot.
  • Automatically execute one or many trading strategies.
  • Include a variety of exit orders including stop loss, time stops, trailing stops, and targets.
  • Set a maximum number of orders to be sent per strategy.
  • Extensive position sizing capabilities.
  • Automatic performance analysis and journaling through StockTickr.
  • Much, much more.

This software lets you get the most out of your trading by combining the real time scanning from Trade-Ideas, the advanced performance analysis of StockTickr, and Sterling’s robust and fast execution platform.

There’s a free trial so get started now.

Support for Forex Added and a Free Webinar with MB Trading

September 23rd, 2010

We’ve recently added support for over 27 Forex currency pairs on StockTickr. So if you trade Forex then you can now use StockTickr to track your performance and become a better trader. Sign up now and take a free trial.

Learn more about improving your trading with StockTickr in a free webinar scheduled for next Tuesday, September 28th at 8PM ET. The webinar is sponsored by MB Trading. You can sign up here.

StockTickr provides:

  • Trade Charting – Analyze your trades on charts with your entry, exit, and stop price automatically plotted right on the chart allowing you to quickly review dozens of trades by flipping through charts and identifying new patterns.
  • Dozens of Reports – Access to easy to use reports that show how you can take your trading to the next level, for example by changing how you take profits or manage stops.
  • Backtesting – Run simulations and what-if scenarios to see how you can improve your trading. Use the backtester to help you answer questions such as: would you be better of scaling out of trades? Or, would you be better off using a target across your trades?
  • Categorize with Tags – Use tags to classify your trades and view reports and charts for subsets of your trades. Now you can easily see performance across different types of strategies you are trading and identify the most promising ones.
  • Automated Trading, Graphs, and much, much more.

5 Ways a Trading Journal Can Improve Your Trading

April 14th, 2010

Most traders, from beginners to professionals, know that keeping a trading journal is an important aspect of trading as a serious endeavor or career. Keeping a trading journal however takes effort and is all too easy to just brush aside and ignore while focusing on other areas in your trading. In this list I offer some key reasons I use to remind myself why maintaining a trading journal is worth the effort.

  1. Accountability – when you keep track of your trades diligently, noting what reasons you had for taking them and how they turned out helps keep you accountable to the trades you’re taking as well as how you’re managing them.
  2. A finger on performance – understanding how your methodology performs and monitoring its expectancy, win rates, and other parameters such as average winners and losers size can help tell you when things are either working really well and you should press your edge or when markets conditioned changed and you need to scale down or re-evaluate your edge.
  3. Research tool – A trading journal can also be an excellent research tool that helps you improve your edge. This can be achieved in several ways, one of them is when you tag your trades and keep track of different variables like market sentiment, candles formations, your own state of mind, or any other variable you can then look for relationships between your performance and those variables. There are many times where I’ve discovered that some trades should be skipped and others traded with larger size as a result of researching my trading journal.
  4. Self coaching – Aside from analyzing performance and quantitative data you may also want to keep track of your overall development progress as a trader, what habits are you trying to change, what goals are you setting for yourself and how are you doing in terms of achieving them. Without monitoring and tracking it becomes difficult to keep focus on those goals and all too easy to slip into bad habits again.
  5. Keeping things in perspective – We’ve all been there, you’re having a really good week or a really bad week, the impact of this type of unusual performance can play havoc on our heads. It is human nature to put more weight on recent events than on statistics of the past 6 months or even years. A trading journal can help re-align our thoughts, expectations and overall mental state by showing us visually how the last bit of performance compares to our longer term track record.

This list of points isn’t revolutionary, but revisiting it helps remind me of why I’m keeping a trading log and how it helped me improve my trading over the years. Hopefully others will find some of these points useful as well.

StockTickr / TI Automated Trading Robot No Longer Requires Odds Maker

April 6th, 2010

We’ve recently removed the requirement that our automated trading robot users have to have purchased the Trade-Ideas Odds Maker. It is still highly recommended that you purchase and use the Odds Maker so you can backtest your ideas and easily compare trading results to your backtests.

That said, we know there are traders out there who have already proven their system without using the Odds Maker and want to use the power and ease of Trade-Ideas and StockTickr to automatically trade their strategies and track their trading performance with the trading journal.

Now the only fees that are required to use the StockTickr Trading Robot are:

StockTickr Pro Subscription: $49.99/mo
Trade-Ideas Standard Subscription: $65/mo

Existing subscribers can download the robot here or you can try it for free by taking the trial.

Trend Follow or Reversion to Mean Follow Up

April 6th, 2010

A while back I posed a question about following a trend or reverting to the mean – two well known strategies. Given a specific subset of stocks defined in the post would the edge be long or short? Weijei‘s comment was very close to correct.

It turns out that there is a definite edge to the downside on stocks that have gapped up on heavy volume. If you buy at the open the following day and then hold until the next day’s open you’d end up with a win rate of 38% with total percent gain of -286%.

However, if you sold short at the open and held until the next day’s open you’d end up with a win rate of 68% with a total percent gain of 899%. There’s no doubt at least in the short term that there is more of an edge with a reversion to mean strategy with these types of stocks.

Here’s the same chart in ENT. It shows that there would have been a small gain by shorting the following day. Look also at the days after – it looks like there might be a longer term trend following edge worth exploring.

(Chart generated by the StockTickr Trading Journal)