You may notice today that you're seeing more alerts listed for a stock than before. That's because I've made a pretty significant change to some things behind the scenes. By sort of an accident of evolution (let's call it), there have always been two classes of alerts (scans / signals) on the site. Old timers will remember that they were listed separately. They used to be called "Individual Pattern Scans" and "Advanced Scans".Read More ➞
I've just released a new feature called "Routines". Routines will allow you to organize your scanning & stock research workflow. They are essentially to-do lists. These lists can contain saved scans, URLs or plain text notes.
Each item in a routine has a checkbox to indicate whether it's been completed. You can simply click the boxes to toggle them between completed and incomplete. Each trading day, in the morning, the system will reset all of your items to incomplete.
Here are some situations in which these routines may be helpful:Read More ➞
Here's are several changes I've made to the site over the last several months:
A New Dashboard Page
I've added a dashboard page, where you can get a quick overview of what your stocks have done. You can reach that page via the "My Stocks" menu. I'll be adding more sections to the dashboard in the coming weeks. Please let me know if you have ideas for things you'd like to see there.Read More ➞
- You don't need a high win-rate to make money. He made that $220K with a 62% win rate. The key is to keep your winners bigger than your losers and to have a positive expectancy
- You can make money on non-penny stocks! He made significant amounts of money on stocks priced over $20 and those priced under $20. And many people wouldn't even consider trading stocks above $5 or $10! (It drives me crazy to see people focus so much on low-priced stocks. You should think in amounts of money invested and percentages, not number of shares and points!)
- There's a lot of opportunity on the short side. 40ish % of his profit came from shorting.
- It's important to keep and review a trading journal.
- It's critical to have a plan and stick to it.
I was shocked to see the news that Google just revamped Google Finance and dropped their portfolio tracking tool. I see on Twitter that a lot of people are looking for a replacement portfolio tracker. Well I have a great solution for those folks -- SwingTradeBot's portfolios!Read More ➞
The other day somebody asked me if there was a way to run a scan and only see results from his watchlists. There was not, but after discussing it for a while I saw how it could be useful to those who like to trade from a specific set of stocks.
So I've now added the ability to run scans against just the stocks which are in your watchlists and portfolios. Just check the box next to "Only My Stocks" in the form where you enter your scan criteria.Read More ➞
I have some good news for the many people who have asked me for a market cap scan filter. As of today you can finally filter by that piece of fundamental data, You'll see a couple of new parameters in the form where you enter your scan criteria. Those news parameters allow you to choose values for a minimum and a maximum market cap.Read More ➞
I recently added some data which may be helpful in getting a feel for what scans are "trending". I've started tracking the number of stocks which appear on each scan each day. That's enabled the ability to show how much above or below normal a scan is on any given day. You can find this data in two places.Read More ➞
Over the last few weeks a few people have asked me if there is a way to differentiate new 52-week intraday highs from closing highs. The "new highs & lows" scans I've had on the site for years were simply alerting to intraday extremes. So I've decided to create a couple of new scans:
The original scans are still here but I've made these new signals/scans replace the old ones with regard to how the system treats them. For example, I used to count a stock making a new 52-week intraday high as a bullish signal. That always bothered me a bit because that same stock could have opened at a new high and sold off horrendously during the day. In a situation like that, the site would still be showing that new high as bullish. Well that won't happen anymore. I've changed the new intraday highs & lows to be neutral signals and the new ones will count as bullish or bearish. Hopefully you'll find these new ones useful.Read More ➞
I just made it a little easier to add stocks to portfolio lists in the app. Before you were required to enter the number of shares and the entry price. Those values are still required but they now get automatically set to default values (100 shares & the average price from the latest full trading day). So now you can just click the "Add to Portfolio" button without making any other adjustments.
This should come in handy for those who don't particularly want to track actual P&L within SwingTradeBot but, instead, want to track more stocks in order to get alerts/signals on them. This makes it easier to use a portfolio as an additional watchlist.Read More ➞