platform help
godoftrading
hello all!
need some help with setting up the 'perfect' platform. i have developed
a strategy swing trading stocks daily that is very profitable for me. it
took me a while to get it perfect but now i have been profitable trading
live for over a month. my problem is with my platform i screw a few
trades up here and there because of the way things are set up and this
is whats preventing me from maximizing my profits.
its pretty simple what i'm looking for. and here is the list.
- the ability to click on a chart and use hotkeys to enter eg. F1: buy,
F2: short
- the ability to have bracket order exits.
a little about the strategy. targets are always %. so for example i get
in at 25.00 say the platform should know that for a 25$ stock i use a 2%
first target and 4% second target. so it automatically sets these
targets.
- the ability to have stops be a set point value (i use a 1 pt stop)
while targets remain %
essentially this is what i am looking for. i want to be able to click
on the chart, press a hotkey and be done. my targets and stops are
already mechanical, everything is set. its just that with my current
setup i have to manually enter all that information after i enter. this
slows me down and sometimes leads to me having an error or two.
if someone would know how to do this, what platform to use and how to
set it up please let me know. i would truly appreciate it.
thanks for all the help!!!
--
godoftrading
Akash
What you are addressing is called intraday trading. It is more on the
lines of speculation, and cannot be considered to be investing. As you
are willing events and price action to occur as you would want it to
occur to enable a profitable exit from your trade later in the day.
By your standards, the markets sometimes behave as per your
requirement and on other occasions it does not. Now, you would realize
that given the sheer number of people (going into millions of
investors, traders, day traders, speculators of all sizes and shapes)
investing in the markets it would be reasonable to provide for
situations where the market would not conduct itself as per your
individual expectations. So, it would only be fair to increase the
amount of time you would grant a stock position to prove its worth in
accordance with your expectations. This would require a realignment
from intraday to probably intra-week or intra-month, depending on your
financial capabilities.
Now, as far as your quest for a trading platform is concerned; it is
expected that you have the fundamental analysis safely under the belt
and are seeking tools to complete the technical analysis to enable
ease of decision making. For which we would recommend that you do a
google.com search for the key phase,"technical analysis software"; you
may also do a similar search for fundamental analysis software.
Happy investing,
Akash
http://www.narachinvestment.com
http://www.narach.com
http://www.narachphilosophy.com
http://www.narachinvestment.com/feed.xml
On Aug 25, 9:04 pm, godoftrading <godoftrading.