So if I'm going to post a watchlist for whatever reason I'm going to follow up on it. This will help me gauge what I see per the resulting price action along with making it easy to find for my own purposes. And, allow you to judge me as well if you chose to. I may or may have not traded these tickers today or the week but would be posted as 'From The Watchlist' in the trade notes if I do.
Not going to do this every night because there are enough tickers in play on any given day.
Will try to do this on the weekends for a few reasons:
1) I would rather a full week pass for a given stock to give the daily chart room to play out. I try to look for a momentum shift in the daily chart per Friday's close and go from there; to the upside = buys. Remember, these are 1 minute charts that contain all of the daily gyrations of a full day. There are 6 and a half hours in a trading day which equals 390 one minute bars. Within those 390 one minute bars is where we look for that 20 or 30 cent move or more. This move may or may not be contrary to the daily chart but I would rather it be in the direction, going long, per what I see in the daily.
2) Until I 'go pro' and trade for a living I have to remain biased to the long side. Most of my trading is done away from home and I am limited to screen space because of that. I did have an account with IB and TOS at the same time and traded with IB while using TOS but on one screen it was not easy for me; moving windows around etc. So, I am with TOS because they have the best charts and the order entry is very simple. TOS does have fewer shares to short however, those numbers seem to be on the rise.
From the weekend watchlist post that contained the following tickers:
$NK
$GLBL
$ONTY
$CBR
$KS
$TRUE
$RUN
$NK: never got going and faded all day: No signal given.
Thanks for all your time and info...
1http://share.robinhood.com/georget3 Robin Hood //For getting started .. robinhood is crap no question , but if your getting started this is best for getting your feet wet from 1 brother to the next
Hey Palmer I like the way you posted your charts for your watch list picks. It's a great way to hold yourself accountable on your choices and learn from them. I also choose my list indispensably but now will do as you do to keep the charts and learn from what panned out. Nice idea !!!
Makes them easier to find also. Watchlists are kind of iffy because you can put all the wrok into finding what you think might move and something else always happens pre-market or overnight that is getting all the attention and your watchlist takes a back seat. That's okay with me. I'm mainly concerned to see how those (these) tickers do for the next few days. Not all of them will pan out but if you can watch them and make bank from a few of them that's fine with me. Glad you like the 'idea'.. ;
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