That is very interesting Arindam. So I used the block trader on the whole market. I think if I was day trading that would be a great way to pick up some trades. I noticed Mara (which is a crypto miner) coming across the screen quite a bit.
Andy
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Charlie,
The screen shots are from Think Or Swim (TOS), which is TD AmeriTrade’s active trader platform and --in my opinion – the best for non-professionals, though IB’ s platform is good, too. Schwab and ET also offer trading platforms. The last time I demoed them, I found them pretty sucky. But I’m headed over to Schwab right now to see what Andy’s been raving about.
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Not raving Arindam, informing. Td might have the same thing. But I will tell you this. My Soxl has had a nice run so far(still in). 
But I do not want anyone to think Schwab and blocktrade is the holy grail. I am sure I am late to the party. But Arindam, I did make more than a penny. 
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Andy,
What you’re doing is kind of a version of what the SOES bandits were doing years ago, i.e., trading off of T&S. If you can make it work for you, then go for it.
I did install Street Street Edge, which is a modestly updated version of 30-year old Street Smart whose floppy disk installation disks I probably still have somewhere. SSE is primitive by comparison with TOS and very hard to use.
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Thanks Arindam. I am thinking this is just a confirmation tool on what the charts are telling you and Quill. So what I did what set up a watchlist with Soxs and Soxl, Fas and Faz. Since that is the two I am Tetter Tottering. I want to see in the Block Trade indicator on just those 4 so when I am in them, if I see the other side of the trade picking up I can look at the charts and see what I see. Just a thought but a way to give me more confirmation and another tool in the quiver.
Thank you,
Andy
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Andy,
Whether it’s a rabbit’s foot or a favorite hat that you wear when you’re trading that gives you “a felt edge” doesn’t matter. It’s your game to define and play as you choose. Go for it.
What Quill does with his charts and trades and what I do with mine is more like ships passing in the night than a coordinated, team effort. I’d argue that is true of every investor or trader. Each walks his or her own path. For sure , the paths criss cross each other and sometimes parallel each other. But the pace and goals are different enough that they really are separate journeys.
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p[quote=“Arindam, post:1, topic:90117, full:true”]
“I wish I had the nuance…I absolutely don’t have it yet…but hoping that by following you and others that one day I do get there, the sooner the better…”
Charlie,
Yeah, whether it’s fishing, or investing, or anything else where outcomes are uncertain, experience matters, because no set of rules will ever cover every possible situation. That’s why AI is overhyped nonsense. For sure, when the outcomes are finite and path dependent, a computer program will come to the “correct” answer faster than a human, and it will do so every time without fail.
Markets aren’t equilibrium systems in which each action has a predictable reaction. But that’s the way one should bet. Over-sold//over-bought is likely to correct back to the mean. It doesn’t have to, nor does it have to do so quickly or in progressive steps. But that’s the smart way to bet. But the bet can’t be so big that, if it fails, you get thrown out of the game.
Here’s an example I’ve used before. If I have $10 bucks and you have $1 one dollar, we can flip for pennies all day long, and neither of us will walk away a significant winner. We might be up or down a few cents. But another round of play is as likely as not to correct that imbalance. However, if I switch the bet size to two bits, I could break you in as few a four flips. In fact, there’s a 6.25% likelihood of that event. That might seem like small odds. But the odds of me calling heads and being right three times out of four is 25%, which begins to get significant. More importantly, it ought to undermine your confidence that you could survive playing the game another round. Traders have a term for this situation. It’s called “trading with scared money”, and it’s a sure path to ruin.
So, what to do? Always assume that the opposite side of your trade is smarter, faster, and better capitalized. So, don’t trade against him. Trade with with him. Wait until he makes his move, and then shadow him. How do you know when he’s making his move? ‘Volume’ is one cue. Are prices rising/falling on increasing volume? How’s the tape in printing? Are the trends self-evident, or are they choppy? What’s market breadth like? Are lots of sectors moving up or down togther? Also, avoid trying to trade setups that aren’t drop-dead obvious or are likley to overwhelmed by exogenous factors, the chief of which is earnings announcements, economic reports, and Fed meetings. If the market is expecting big news --good or bad-- go to the sidelines and let the traders over-react as they always do. When the dust has settled, which might take as little as 90 seconds or it might take a day or two, then get back in the game.
Suggestion: If you want to develop “a feel”, then you’ve got a couple of choices. #1, Do lots and lots of small trades and score them, not by the money lost, but by the experience gained. That means keeping a trading journal and doing post mortems on every trade, trying to answer these three questions. “Did I follow my rules?” “Did I see in the chart or the financial statements everything that could have been known?” Lastly, “Why did the trade actually work (or fail)?” Lots of times, there will be no easy or obvious answer. If money was made, light a candle and thank the market goddess. If money was lost, decrease your bet size, but don’t walk away from the trade. Sometimes, it takes a several tries to get it right.
#2. Another way to develop “feel” is to narrow your investing universe to a limited number of contracts whose wiggles and waggles, ups and downs, you come to know as well as you know how a friend would react when he/he stubs a toe.
Arindam
[/quote]
test test test of creating columns
pre
Date Signal SMA NH/NL DBE Binary
20230310 5 Bull Bear Bull 101
20230308 5 Bull Bear Bull 101
20230221 4 Bear Bear Bull 001
/pre
didn’t work doing a test test test
Trying again
Date Signal SMA NH/NL DBE Binary 20230310 5 Bull Bear Bull 101 20230308 5 Bull Bear Bull 101 20230221 4 Bear Bear Bull 001
fuhgettaboutit not working . doing something incorrect
Quill,
Don’t give up just yet. There’s one more trick you could try. Do a screen capture of the list you want to upload and then use the ‘upload’ button.
Yeah, I tried “pre” and some other tricks. But they didn’t work for me, either.
The topic of how to make lists has come up in other forums. Here’s a link to one discussion. Testing - Preformatted Text - #2 by Raylight
Don’t forget about UCO and SCO for the teeter totter style of investing. I have found out that you can make intraday trades with both as the price of crude seesaws up and down making a little profit every day. The plus side is the risk of loss is limited to small amounts in my personal experience. The down side is you have to be able to sit there and make decisions intraday while watching the price of crude and the graphs…doc
It looks like the price of crude has taken a nice drop below its ten day moving average on the May contracts. This is a one day chart , minute price and ten day moving average in the black. If one would have bought UCO at the open and sold when the chart gave its arc/red bar, bought SCO when one got confirmation and now hold UCO, one might make some change. This is what I have been playing with the last couple of weeks. FAS FAZ has not been volatile enough so far…doc
edit: maybe we should call this day trade style sawblade because sometimes you get a good cut and sometimes you get cut LOL. Anyways this is making me some spending money almost daily with very few losses and the losses have been small
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That is true physician Fas and Faz have not been volatile but if you are tetter tottering instead of day trading it can be profitable. But if the financials take a hit like I think they will again. You might have to be fast.
Andy
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Today might be a good day to work UCO and SCO…doc
edit: more UCO though
Back in 2021 when crude popped up over $100, OILK stock price was in the $50 + up to mid $60 range and the total dividend for the year was $27.974663. Last year OILK dividend was $7.764551 I believe as the share price drifted down into the $40 range. the total dividend for those 2 years was $35.739214. The dividend is pretty good when crude starts getting higher. Below is the dividend history from 2021 and 2022…doc
Doc,
This is what OILK’s recent payouts are. Pretty sucky.
The total 2022 dividend was $7.764551 for the year which was about 23% annual dividend if the average price for the year was $34 which is to the higher side of what it actually was for most of 2022. It did drop in 1H 2023 because the price of crude dropped but I’m looking for a rebound as the price of crude climbs towards the latter half of 2023 IMHO…doc
Arindam, didn’t you buy some NEX and RES not too long ago - both are up nicely today…doc
Doc,
Some time ago, I might have suggested NEX and RES might be worth looking at. But I didn’t buy 'em and don’t own 'em.
Wheat and avocados; gold, silver, and uranium I do own, just as I own DBO and USOI, and all of those positions are doing well. Heck, even my bet on obscure YALA is doing modestly well.
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