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I need to get some software to track my trades. Excel is too much work anymore, and having an automatic schedule D would be great. Has anyone used Tradelog and Captools to make a recommendation of one over the other? They are both similarly priced at $250, and both seem to be pretty...

The only pain to me is in the morning when some stocks have gapped and you have to make quick decisions, but after the first hour it's not too bad.

Totally agree with having a small part of your porfolio in any one trade. I won't do over 10% in any stock, so if I get a 30% hit, it's only a 3% portfolio hit. You could ruin a whole month or two of work with one bad reversal otherwise.

I'll clarify how I trade. I use only daily charts to enter trades using the High and low of the previous day as S/R. I exit using intraday 60 minute bars. If I'm long and a stock can't hold it's open (below open) the next day, I look to close the position when it drops below the previous 60...

TNTNEO, Just like you say on determining a trend, I've never been too successful at it so I always hedge. If I buy long and it doesn't work out, I've got stops going the other direction. For a slight advantage, I look for stocks to trade that don't consolidate that much (even though the...

When a stock is consolidating, I don't know if its overbought/oversold so I place stops on both sides. But stocks that aren't consolidating, I try to determine if they're overbought/oversold by their % movement too far in one direction. Here's an example of a consolidation trade from a few...

I'm sure it took about 1,000 x 100sh people out of the market for a total volume loss per minute of 100,000 shares. Maybe a 1-minute bar for Dell, but spread over 9,000 stocks (LOL).

This guy uses IB for a broker and describes a good way to begin swingtrading. He sends a weekly list of swingtrading candidates via email, and his site explains exactly how to enter and exit trades. I personally follow a basket of stocks to swing trade which have high volatility and rarely...

I always use market orders to short on the NYSE and watch the spread closely to make sure it's filled within reason. I've always been filled fairly, sometimes better than I expected, but I'm sure there's always the risk of being raped. I usually trade pretty high volume stocks though...

Shorting with limit orders on NYSE is tough, I always use market.

Def, I've had 4 stops not fill in the last two weeks at IB, all to the sell side. Today I had 200sh of LWIN at a sell stop of $16.47, and the price dropped through without triggering the stop. I went to cancel it and it instantly filled at $16.00 (the current bid)? I was long 300 shares...

I don't use Tony's scanner, but I'm still in trades from yesterday. Today was another awesome day to hold onto swing trades. Of course the last part of the day had everyone bailing, so intraday stops came in handy.

Ah, forgot about the reason the boards here! That makes sense.

I know this may keep people from coming to the boards, but what if in the email alerts you included the most recent post in the text of the email? Then if you wanted to reply you could come to the website and reply, or if the email was uninteresting, just delete. This would save your bandwidth...

I put buy and sell stops on both sides of a consolidation. If you put them far enough away from the high and low of the channel, you'll be rewarded when it does breakout because it usually moves for a big gain. Without stops there is no hope of catching a fast move (early at least). I prefer...

So what is an invisible tight trend? I've never seen one either (lol):cool:

Tigerdirect has 15" digital flat screens with 32 meg dual port video cards for $299.

I hope you were doing the Bottom Fisher plays, because today kicked rear! Finally a rally to the upside.

If you open a trading account through Tradestation, you can get the software free. It's a minimum $50,000 to open and it's with Bear Stearns I believe. You could probably pay for the software in one month with commission savings at IB though.

"The Market Makers Edge..." A good book discussing how market makers/specialists orient their trading based on prices relative to the previous days' high low and close, and current days open. Very interesting viewpoint from an experienced market maker...