Walking the walk (Blotter Thread Continued)

Quote from Diamondtrim:

There is a common misconception about how to use TI that I want to make sure everyone understands. I do not have TI configured so that the window I am looking at is going to give me constantly profitable results, I am not sure that it is 100% possible. What TI does better than any software I have seen is give me the ability to scan and filter in such a way so that I see trends well enough to profit consistently. The trends in one case like today may be to buy breakouts, on another day it is to sell highs and buy lows.

I try to keep my trade-ideas set ups relatively simple. Right now the set up that gives me better odds has been the one where I am looking at highs and lows, but only after the 40th occurance.http://www.trade-ideas.com/Help.html#wsf_MinCount
I am not aware if whisper can or can not do that (Hydro), but the end result is every alert in either direction has serious buyers and serious sellers.

Additionally TI Pro has a feature that allows me to do something quickly which otherwise would take time. This feature answers the question of which trades I am or am not likely to jump into. In TI Pro I use the Chart columns to line up the trends. The daily chart next to the weekly chart.
http://www.trade-ideas.com/VideoHelp/Menu.html?video=Trade-Ideas Pro: Columns: Charts

Seeing this snapshot view gives me a much better idea of what I am getting into and lets me not have to lookup every single alert. TI does not replace trader skill because I believe if you jump into every alert you will get killed. But through this user interface I am able to discern what is good from what is not and have good results consistently.
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http://www.trade-ideas.com/GettingStarted.html

This is their freebie alerts. I actually use the gap one and find it very helpful.
 
I am sparing with market this AM just getting warmed up. Nothing much yet going on. I want to make sure everyone sees there is good and bad. Not every day is positive right away by any meens.
 

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Quote from Diamondtrim:

I am sparing with market this AM just getting warmed up. Nothing much yet going on. I want to make sure everyone sees there is good and bad. Not every day is positive right away by any meens.
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good to see i'm not the only one not rockin' it this morning...

made some good money on BPL, HC, L lost my shirt on NKE...

mnx
 

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Quote from mnx:

good to see i'm not the only one not rockin' it this morning...

made some good money on BPL, HC, L lost my shirt on NKE...

mnx
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MNX what softare are you using. It reminds me of TradeCast from the old SOES bandit days when Dinosours roamed the SOES Earth :-). I may be dating myself :-)
 
Quote from Diamondtrim:

MNX what softare are you using. It reminds me of TradeCast from the old SOES bandit days when Dinosours roamed the SOES Earth :-). I may be dating myself :-)
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trading software? it's called prosperpro... it's developed in house at swifttrade...

mnx
 
Quote from Mike805:

I didn't trade anything yesterday expect a short on XOM that I got a small profit on.

A lot of these trades were around longer term positions I have been holding the last few days. PLAB and JMDT had nice moves today. Still holding a large VRTX position that is moving a bit. Will be selling this off slowly in the coming days.
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Mike is that TradeStream you are using? If so I have a question. How do you like it overall? They called my broker and said TI was embedded into their platform. I don't have any idea....does it work is the integration any good. All the traders use it at our firm and it would be nice if it was all included in platform. Let me know if you ever check it out. Thanks in advance.
 
Quote from Diamondtrim:

Mike is that TradeStream you are using? If so I have a question. How do you like it overall? They called my broker and said TI was embedded into their platform. I don't have any idea....does it work is the integration any good. All the traders use it at our firm and it would be nice if it was all included in platform. Let me know if you ever check it out. Thanks in advance.
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Hi DT,

Yes, the integration is good and I really like the platform overall (I have no affiliation - I am a retail guy and I really could care less) . I cannot say enough good things about the platform and they do have a direct interface with TI that I tried for a while but unfortunately have not pursued to any significant extent (I am pretty set in my ways). I am starting to get very interested again seeing the way in which you guys are applying TI now. I spend a lot of time just scanning manually and I think TI would make me more efficient if I took the time to learn how to use it properly.

I plan on giving it a go next week after playing around with it over the weekend.

Good work so far DT. My morning I nothing to speak of. Took some small positions in PETM and ADBE. Thats about it really.

Mike

Mike
 
Up slightly today ....Static. :D

The graphs are 2 top winners and losers

edit - The crappy part is that my two big losers are for hedging purposes and were taken counter to my signals....kind of like an experiment gone wrong!
 

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I am fairly new to day trading and my broker told me to check out this thread. I have been following it for a few days and decided to sign up on Elite. I am impressed with traders who are willing to show people what they do. Thank you all.
 
Quote from Diamondtrim:

I am sparing with market this AM just getting warmed up. Nothing much yet going on. I want to make sure everyone sees there is good and bad. Not every day is positive right away by any meens.
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You're doing pretty damn well comparing to how I started my morning and continued. Days like this make me wonder why the hell Im passing up sleep for this garbage. Oh wait I was dumb enough to take an overnight to force myself to go in

Ok I just wanna post a bad day and thats enough for this thread.
 

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