Trade Review, Part 1: Scans & Watchlist Management

903 views

RC, i’ll try to keep it brief for now. I want to refine my screening and further identify some of the types of picks you seek. so, how do you screen for and find trades such as KIOR mentioned earlier, as well as the many others?

You post a lot of these during the day(s) via the runner screen. Are there any other screens/screening techniques you use on a regular basis?

I noticed KIOR this week from my “Small Bombs Screens”. I also noticed the ticker popping up on my daily runner screen, a screen found inside The PPT that looks for momentum short squeezes. Normally, when I start to see a ticker populate a few times on this screen, and the chart has a setup worth playing (which is key), then it’s time to start paying attention to said name.

Once I find a stock with a favorable pattern, like KIOR, it immediately goes into a three tier watchlist system, a system former iBC blogger John Lee helped my develop.

The 3 tier watchlist system, goes as follows:

1.) High Priority – These are the setups that will likely see an immediate breakout, think ONVO from last Friday. KIOR was also on this watchlist Friday. This high priority list is posted nightly inside 12631, here is a screenshot:

Screen Shot 2013-10-20 at 2.50.04 PM

2.  Second tier setups – these are setups that are not quite ready, but are close. These are setups that need more time in order to consolidate to offer a high probability trade.

3. Recycle bin – These are stocks that may not be ready, but names I don’t want to lose track of. Sometimes a stock will breakdown, only to come roaring back, consolidate, and offer another opportunity to get in. When I see this happen, I will normally shuffle the name back up to “Second Their setups” or even my “High Priority List”

________

Once I have my three watchlist system setup, my job then becomes to manage my watchlist effectively. I am constantly shuffling through the “Second tier list” and “high probability list” throughout the day, moving tickers into their appropriate category. This helps me focus on the top setups of the day.

I am constantly running screens throughout the day to find tickers to add to this never ending watchlist cycle. Prophet charts from thinkorswim does a great job in helping me keep a well organized list.

How do you screen for and find trades such as KIOR mentioned earlier, as well as the many others?

My favorite screens are located in The PPT and here are the ones I run daily:

I run the screens, view the charts, and use my trained eye to add tickers to my watchlist. As you begin to recognize patterns, it will become easier to select names from scans. This comes with experience. Here is a good link for beginners on chart patterns.

Stay tuned for Part II: analyzing the trade in multiple timeframes.

Trade Review: 12631 Member Question

352 views

I received a private message from a member inside our trading service, 12631, and wanted to turn this into a post in effort to help out a few of my readers.

Here’s the question below: (I’ll let it marinate with you, stay tuned for my response)

 

“RC, i’ll try to keep it brief for now. I want to refine my screening and further identify some of the types of picks you seek. so, how do you screen for and find trades such as KIOR mentioned earlier, as well as the many others? You post a lot of these during the day(s) via the runner screen. Are there any other screens/screening techniques you use on a regular basis?

Then, once screened, how do you go about looking for the best setups? what patterns, charts, technicals, or other factors, etc. do you favor in determining such picks?For example, back to KIOR, and correct me if i am wrong, buy my read of that chart you posted is a hard bounce of some supportive bottom with good volume, a nice consolidated pullback of approx. 50% of the spike where the 20day and 50day converge, setting up a nice flag, and potential good set up. many other examples as well with differing patterns etc. trying to hone in on what your eye sees, and how to make it my own and find my own set ups.

Sincerely appreciate any and all info and suggestions towards expanding my knowledge and skills here. And, I got to say, I have really enjoyed being here inside 12631, since March, and has been a great learning experience, great environment, and great hosts. My endeavor is to trade on a full time permanent basis. and it has certainly improved since then.”

Using Finviz To Screen For Earnings

436 views

Finviz has a neat little custom feature which allows you to screen for earnings within the next 5 days. So this week’s earnings list will be looked at inside finviz, follow this link HERE.

For those interested in learning how to setup finviz for earnings, I found this video by a link from @WallStreetJesus, @crosshairtrader explains the setup:

You need to a flashplayer enabled browser to view this YouTube video

PBV: Price By Volume, charting 201

796 views

Raul3 posted a great piece on TPO Verses P&F Charts, and I love the educational aspet he brings over to iBankCoin. Click here to view post.

I, myself, have never been much of a teacher, and as a matter of fact still consider myself a student of the game. And, I’m saying this having been at it for 10+ years. That right there just shows you the kind of dedication that is needed to really become a successful at this game.

One trader who has been instrumental in my career over the years, is a guy named option addict, aka @tradingaddicts. He recently posted a video on Price by Volume that is a must view for technical traders who have no idea what PBV is.

Using PBV analysis is how I was able to rip multiple points in $RIMM a few weeks back, instead of just looking for pennies. So if you guys have some time this weekend, make sure to check out this great education piece by my man @tradingaddicts, and make sure you give him a follow on twitter for the clip.

 

Trade Review, Part 1: Scans & Watchlist Management

903 views

RC, i’ll try to keep it brief for now. I want to refine my screening and further identify some of the types of picks you seek. so, how do you screen for and find trades such as KIOR mentioned earlier, as well as the many others?

You post a lot of these during the day(s) via the runner screen. Are there any other screens/screening techniques you use on a regular basis?

I noticed KIOR this week from my “Small Bombs Screens”. I also noticed the ticker popping up on my daily runner screen, a screen found inside The PPT that looks for momentum short squeezes. Normally, when I start to see a ticker populate a few times on this screen, and the chart has a setup worth playing (which is key), then it’s time to start paying attention to said name.

Once I find a stock with a favorable pattern, like KIOR, it immediately goes into a three tier watchlist system, a system former iBC blogger John Lee helped my develop.

The 3 tier watchlist system, goes as follows:

1.) High Priority – These are the setups that will likely see an immediate breakout, think ONVO from last Friday. KIOR was also on this watchlist Friday. This high priority list is posted nightly inside 12631, here is a screenshot:

Screen Shot 2013-10-20 at 2.50.04 PM

2.  Second tier setups – these are setups that are not quite ready, but are close. These are setups that need more time in order to consolidate to offer a high probability trade.

3. Recycle bin – These are stocks that may not be ready, but names I don’t want to lose track of. Sometimes a stock will breakdown, only to come roaring back, consolidate, and offer another opportunity to get in. When I see this happen, I will normally shuffle the name back up to “Second Their setups” or even my “High Priority List”

________

Once I have my three watchlist system setup, my job then becomes to manage my watchlist effectively. I am constantly shuffling through the “Second tier list” and “high probability list” throughout the day, moving tickers into their appropriate category. This helps me focus on the top setups of the day.

I am constantly running screens throughout the day to find tickers to add to this never ending watchlist cycle. Prophet charts from thinkorswim does a great job in helping me keep a well organized list.

How do you screen for and find trades such as KIOR mentioned earlier, as well as the many others?

My favorite screens are located in The PPT and here are the ones I run daily:

I run the screens, view the charts, and use my trained eye to add tickers to my watchlist. As you begin to recognize patterns, it will become easier to select names from scans. This comes with experience. Here is a good link for beginners on chart patterns.

Stay tuned for Part II: analyzing the trade in multiple timeframes.

Trade Review: 12631 Member Question

352 views

I received a private message from a member inside our trading service, 12631, and wanted to turn this into a post in effort to help out a few of my readers.

Here’s the question below: (I’ll let it marinate with you, stay tuned for my response)

 

“RC, i’ll try to keep it brief for now. I want to refine my screening and further identify some of the types of picks you seek. so, how do you screen for and find trades such as KIOR mentioned earlier, as well as the many others? You post a lot of these during the day(s) via the runner screen. Are there any other screens/screening techniques you use on a regular basis?

Then, once screened, how do you go about looking for the best setups? what patterns, charts, technicals, or other factors, etc. do you favor in determining such picks?For example, back to KIOR, and correct me if i am wrong, buy my read of that chart you posted is a hard bounce of some supportive bottom with good volume, a nice consolidated pullback of approx. 50% of the spike where the 20day and 50day converge, setting up a nice flag, and potential good set up. many other examples as well with differing patterns etc. trying to hone in on what your eye sees, and how to make it my own and find my own set ups.

Sincerely appreciate any and all info and suggestions towards expanding my knowledge and skills here. And, I got to say, I have really enjoyed being here inside 12631, since March, and has been a great learning experience, great environment, and great hosts. My endeavor is to trade on a full time permanent basis. and it has certainly improved since then.”

Using Finviz To Screen For Earnings

436 views

Finviz has a neat little custom feature which allows you to screen for earnings within the next 5 days. So this week’s earnings list will be looked at inside finviz, follow this link HERE.

For those interested in learning how to setup finviz for earnings, I found this video by a link from @WallStreetJesus, @crosshairtrader explains the setup:

You need to a flashplayer enabled browser to view this YouTube video

PBV: Price By Volume, charting 201

796 views

Raul3 posted a great piece on TPO Verses P&F Charts, and I love the educational aspet he brings over to iBankCoin. Click here to view post.

I, myself, have never been much of a teacher, and as a matter of fact still consider myself a student of the game. And, I’m saying this having been at it for 10+ years. That right there just shows you the kind of dedication that is needed to really become a successful at this game.

One trader who has been instrumental in my career over the years, is a guy named option addict, aka @tradingaddicts. He recently posted a video on Price by Volume that is a must view for technical traders who have no idea what PBV is.

Using PBV analysis is how I was able to rip multiple points in $RIMM a few weeks back, instead of just looking for pennies. So if you guys have some time this weekend, make sure to check out this great education piece by my man @tradingaddicts, and make sure you give him a follow on twitter for the clip.

 

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