Deaddogs Swing Trading - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Deaddogs Swing Trading
Updated: Views / Replies:8,193 / 109
Created: by deaddog Attachments:18

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 18  
 
Thread Tools Search this Thread
 

Deaddogs Swing Trading

  #81 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Of the stocks scanned yesterday looking for a sudden turn; 43 of the 51 finished higher today. This is way better than I expected.

PKG was almost a textbook performance. You could have jumped in at the open or waited for a pullback.

Today’s scan produced 10 hits most of which were banks.

I like FRC, BKU and WBS out of the 10. If you are able to see the open; you can take an entry at or below today’s high with a tight stop for what might be a quick move.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 2 users say Thank You to deaddog for this post:
 
  #82 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Of the 10 that were found Thursday 6 finished higher.

FRC: Never gave an entry. It opened and moved down immediately and never got back to the open.

BKU: Got away off the open. Couldn’t find an entry off the 5 minute chart.

WBS: Gave me an entry @ 28.64 and I trailed a stop and got stopped out @ 28.62 for a more or less breakeven trade. I wish all my losses were that small. I was prepared to re-enter if got a signal but that didn’t happen.

The "quick turn around" type of trade can go either way. I monitor them quite closely and don’t hesitate to take losses, or profits for that matter, quite quickly. The trades that work take off and never look back. The ones that don’t aren’t working the way I expected so I bail.

Trader should be very definite as to what they expect the price to do. If it doesn’t do what you expect then get out. If it’s a fake out you can always get back in.

Today there were no hits on the scan.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following user says Thank You to deaddog for this post:
 
  #83 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Todays ST scan


The ST “sudden turn” scan has just one hit today.
TRN: What I like here is that after a huge down day TRN opened near the old swing low; climbed up quickly then traded in a narrow range near the high for the rest of the day. (see 5 min chart)
I will take a position near the days high. 34.70 area depending on the price action.
A gap up will cause me to place a bid at 34.70.
An open below 34.70 will cause me to place a stop limit order 34.70 /34.75
Both these orders will have a bracket order attached. With a stop at 33.75
Opening below 34.70 then trading below the stop will nullify the trade.
A target just below the last swing high of 37.42 will give a R:R of 1:2.5

Another almost sudden turn stock that caught my eye was ARMH.
For whatever reason it sold off heavily this morning then retraced and traded in a narrow range into the close. The heavy volume suggests that every one who wanted to sell has done so.
I will look at the same entry method as with TRN.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 3 users say Thank You to deaddog for this post:
 
  #84 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received


deaddog View Post
I will take a position near the days high. 34.70 area depending on the price action.
A gap up will cause me to place a bid at 34.70.
An open below 34.70 will cause me to place a stop limit order 34.70 /34.75
Both these orders will have a bracket order attached. With a stop at 33.75
Opening below 34.70 then trading below the stop will nullify the trade.
A target just below the last swing high of 37.42 will give a R:R of 1:2.5

Another almost sudden turn stock that caught my eye was ARMH.
For whatever reason it sold off heavily this morning then retraced and traded in a narrow range into the close. The heavy volume suggests that every one who wanted to sell has done so.
I will look at the same entry method as with TRN.

ARMH Buy @ 39.72
Moved stop up to 39.29 with price action on the 5 minute chart
Sold @ 39.29
Loss of capital = 0.23%

The stock didn't act like I expected so I'll take a small loss and see what it does tomorrow.

TRN: Never reached entry point.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 2 users say Thank You to deaddog for this post:
 
  #85 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

To Take as loss or not

My objective whether trading or investing is to employ my capital as efficiently as I possibly can to earn a return.

At the end of the day my account balance represents the amount of capital I have working for me.

That capital can be broken down into the positions I hold and whatever cash I have available to put to work.

It doesn’t matter whether the positions I hold are higher or lower than where I purchased them. The account balance is all the capital I have at that point in time.

If I close any position in the account I will have the same dollar amount of capital less whatever commission I have to pay. It makes no difference to that dollar amount if I realize a loss or a gain on the sale.

The only difference it makes is to me. In my mind there is satisfaction in taking a profit and disappointment and regret in taking a loss.

And being human I gravitate towards pleasure and do my utmost to avoid pain. The problem is that this causes me to lose sight of my objective to employ my capital as efficiently as I possibly can to earn a return.

Here are some of the rationalizations I have made for not taking losses.

“It’s not a real loss until I sell.”
“The market always comes back”
“I’ll wait for a bounce and take a smaller loss.”
“The fundamentals are great.”
“I’m in the market for the long term.”

And I’m sure there are a lot more.

Now I look at each position I hold and ask myself:

“Will I get the best return on my capital by holding this position?”
“If I didn’t hold this position would I buy it today?”
“If I closed this position is there a better place to put my capital at this time?”
“Am I better off in cash?”

What I paid for the position is not a factor. It doesn’t matter. What matters is my objective of getting the best return for the capital I have at this point in time.

As a trader/investor the only control you have on how the market treats you is with the decisions you make.

The decision to hold a position is the same as the decision to buy that position.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 3 users say Thank You to deaddog for this post:
 
  #86 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

ST scan

2 stock showed up in the ST Scan this evening.
ANN & PODD

I’ll watch the open in the morning and see where the stocks might want to go.

ANN:
I’ll give ANN an initial target of 40 just below the last swing high.
Entry would be 38 or less with a stop in the 37 area.
A lot will depend on price action during the open.

I look for a support area to place my stop and hopefully get a decent R:R ratio.

If the price gaps up I will wait for a gap fill.
If the price opens below the 37 area and shows signs of going up I will take a position with a tight stop just under the LOD.(Daily Low)
If price opens near today’s close I will take a position if it breaks 38 or if it makes a new swing high after testing the LOD.

I will risk 0.5% of my capital; position size will depend on the stop placement.

PODD
Initial target is 47.50. (measured move; last couple of swings were in the $8 range so 39.50 plus 8 gives me 47.50)

Same situation as above.

The same type of “If / Then” scenarios that will depend on the price action.
Entry will probably be in the 43 area giving a $4.5o reward so stop can be &1.50 away for a 1:3 R:R

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 2 users say Thank You to deaddog for this post:
 
  #87 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Entries :
ANN @ 37.29 Stop @ 36.56
PODD @ 42.65 Stop @ 41.62

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
 
  #88 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received


deaddog View Post
Entries :
ANN @ 37.29 Stop @ 36.56

Stopped out @ 36.53

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
 
  #89 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

How is the account you're doing this with performing overall to date?

Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
  #90 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received



ZarethKnyght View Post
How is the account you're doing this with performing overall to date?

Year to date the account has a realized gain of just under 15%.

You can take that with a gain of salt because I haven't posted all of my trades this year and you shouldn't believe anonymous posters on trading forums.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 3 users say Thank You to deaddog for this post:

Reply



futures io > > > > Deaddogs Swing Trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Using Options for Swing Trading Bermudan Option Trading Journals 165 January 9th, 2014 11:46 PM
Swing Trading Futures karoshiman Trading Journals 216 May 24th, 2013 12:59 PM
Swing Trading Journal worldwary Elite Trading Journals 101 April 3rd, 2012 05:46 AM
How does 24-hr. trading affect swing-trading e-mini contracts? dblejeune Traders Hideout 2 November 28th, 2011 08:08 PM
Simple Forex Swing trading vroomy The Elite Circle 5 July 6th, 2011 10:15 AM


All times are GMT -4. The time now is 08:41 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.21 seconds with 20 queries on phoenix via your IP 54.90.207.75