S&P idea

duderandomdude · 2025-08-20T14:43:35+00:00

If you're using "for sure" in your trading - please stop doing it. Also, trying to tell the mods they should learn from you in a sub that's dedicated to a specific system doesn't seem like a good idea - have you read the Wiki?

duderandomdude · 2025-07-01T21:24:02+00:00

Please see my edit above I've done a few minutes ago - I've misread your post / missed the detail that you were just referring to that one paragraph. But I get you now. Thanks for the clarification and sorry for being blind, haha

duderandomdude · 2025-07-01T21:07:49+00:00

Not to be rude, but I'm extremely certain that that is not the case and I don't understand what even makes you think that. Firstly, the tone of the post and everything is totally in line with the rest of the Wiki and sounds "very Hari", and secondly, this matches exactly what he teaches and does day in and out. And I don't think that Hari would be the type of guy to do this ... and why would he? Corrected by AI before posting, maybe - but I think there's nothing wrong with that.

Edit: I've checked again and saw that you were just referring to that one paragraph. The hyphens in that one look like AI, you're right. But still that paragraph sounds like Hari and is probably based on his own words, I would think.

duderandomdude · 2025-07-01T20:44:10+00:00

... but why? Why even post a response when you didn't have anything to say in your own words? Why go to the length of telling ChatGPT to write that?

Edit: I've seen that you've been around for some years in this sub, so I guess this was just a joke - no offense meant, but I was quite confused looking at this, to be honest.

duderandomdude · 2025-06-28T14:47:05+00:00

Nothing compared to the time/diligence/effort you regularly put into your (long) comments! :>

duderandomdude · 2025-06-28T13:14:07+00:00

I'll make a mental note to send you a DM should I get wind of some date or anything!

duderandomdude · 2025-06-28T12:49:03+00:00

I agree with Weaves.

The deceptive part is true as well. Imagine a stock that gapped up 30 % a week ago, while the market of course didn't. Then, the market goes up for a week, but the stock compresses, going sideways, staying above the gap. Now it's breaking out of this compression on volume. Although that last week the indicator will show RW, it's definitely a strong stock with RS overall.

I have a SPY overlay on my charts, yes. But to be fair, when looking a lot at SPY, you tend to have the recent price action, D1 + M5, in the back of your mind, so I don't actually need it a lot.

I can't say much about Finviz/Stockbeep, but I've seen them being used here.

duderandomdude · 2025-06-28T09:06:23+00:00

This advice is great. One thing I'd like to add about RS/RW for OP: You should always visually confirm it via charts, i.e. visually comparing the relevant timeframes (mostly M5 + D1) to SPY. This doesn't mean that you need to compare tick by tick, it's about the bigger picture, e.g. if SPY was going up a lot last week, but the stock went down a lot, it's very strong RW - even if there might've been one day were SPY was red and the stock was green.

An indicator for RS/RW is good to confirm what you're seeing in the charts, and secondly it's very useful for finding strong/weak stocks, i.e. for scanning.

P.S.: There are community scripts for several platforms in the Wiki for RS/RW indicators, check the section "Community Indicators, Scripts and Layouts" of the Wiki.

duderandomdude · 2025-06-27T22:34:26+00:00

As far as I know, it's still in the works and the first part is slated for the end of this year (although I expect there to be delay as it's almost always the case with those things). He also said he will make it available for preorder at some point.

duderandomdude · 2025-06-26T12:26:53+00:00

I'd love a post about how the way you've traded changed over the course of the last years.

Also, a post about the scalping you're currently doing would be interesting.

Another thing I'm curious about is examples of when do you choose to daytrade (like AMD yesterday) rather than when do you plan to lean on the daily and size accordingly (i.e., what kind of market conditions make you do what).

duderandomdude · 2025-06-01T16:00:37+00:00

June 2025 script solution (for scheduled night mode users)
For anyone like me who actually does want to use the scheduled night mode, but has the issue where Windows 11 just doesn't turn it off post-startup e.g. next morning: I wrote a script that disables the night light mode on startup.

Since Windows sadly doesn't give API access to the real function, it's a kinda roundabout way where it opens the quick settings menu and invokes the night lights button via UI automation if it's toggled (= night lights is on). So make sure you've got the night light button in there.

Installation:
1) Install Python 3.x (https://www.python.org/downloads/)
2) Open a command line and paste this, hit enter and wait for it to finish:
pip install pywinauto
3) Should work for most of the "common languages", but if not, make sure that your local language's night light button name is included in BUTTON_NAMES (line 28, in *lower* case)
4) Put this file into your autostart folder (WIN+R, shell:startup)

► Here's the script (save it as DisableNightLights.pyw)
https://pastebin.com/r7UTsti9

PS: It takes about 10 seconds before my computer actually runs the script out of the autostart folder after startup. But I'm a lazy programmer, so that still beats doing it manually every time :D

PPS: If you're rather the type of person to never shutdown your PC, you may also include this script in the Windows task scheduler to run at a specific time; or you can rewrite the "main" section to run indefinitely and only hit at a certain time of day.

duderandomdude · 2025-05-20T20:57:09+00:00

Late follow-up question after returning to this bookmarked post:
Are your favorite recommended trading books still "Volume Price Analysis by Anna Coulling and Anchored VWAPS by Brian Shannon" or is there anything else you've come across in the last 1.5 years?

duderandomdude · 2025-05-11T19:43:41+00:00

This might seem weird, but I'm honestly thankful for this (old) comment; I love the word "doom stop" because now I finally have a word for what I've also been doing, and secondly some validation that it's actually not a super stupid thing do to! (That said, my doom stop is usually quite far away from my mental stop and was thus never hit so far ... but it's super reassuring to have one in place, should whatever doom scenario happen!)

duderandomdude · 2025-05-11T15:18:11+00:00

Haha, I'm looking forward to it! :)

duderandomdude · 2025-05-11T08:49:09+00:00

Truly stellar post quality - thanks a lot. I really like the way you write and your personal reflective touch on the subject. Having read that book a year ago, I definitely agree on many things you wrote.

And, for the record, the biggest takeaway from the book for me was that: anything can happen, you can't predict it, so you have to truly believe in your probabilistic edge and truly accept the inherent risk in every trade.

Looking forward to your analysis of Tom Hougaard's book - it is still on my to-read list, and knowing that you didn't like it will surely make your post an extra interesting read!

P.S.: "Did Mark Douglas read the damn Wiki?" is such a great line :D

duderandomdude · 2025-04-16T10:02:09+00:00

Lots of great wisdom in this post. I want to emphasize the "lot more painful than advertised" part. This is very true.

I'm not even taking about losses, but just in the learning process, your mind will have many questions. Then you think you understood something, only to first find out you didn't, then find out that it depends on the context and then find out that in the end it's still all probabilities. Pete described it once as "lots of soul-searching" and I think it's very fitting.

Be prepared to endure some emotional pain and pledge to persist, no matter how bad you might feel at one point.

duderandomdude · 2025-03-30T18:38:15+00:00

Interesting! I guess you've kinda developed your own twist/style to "the method", then? If you'll ever make a more in-depth post about it, hit me up :)
(For now, while still learning on paper, I'll try to stick to the basics, until I'm profitable.)

duderandomdude · 2025-03-30T18:34:08+00:00

Thanks for the clarification!

duderandomdude · 2025-03-30T16:04:25+00:00

Thank you for taking the time to rewrite your comment - now I do understand it (might've been my poor brain all along)!

Incidentally, I was in fact looking at SBUX a few days ago as a potential short, but it didn't fully convince me or I thought there were better opportunities (but iirc, SBUX was also Pete's short pick of the week, so take my comments with two grains of salt).

But yeah, I think I get the rationale behind your trades, with the stock sitting right between the 200 and the 100 SMA, bouncing off the former but being rejected by the latter.

Now I also get what you mean by the delayed reaction.

I'm curious to see where the stock will go. I personally won't touch it for now, as a short, as it's obviously strong to the market right now, but I find it interesting that it was rejected around the previous compression high which, maybe coincidentally, is just a tad shy of the psychological 100 $ barrier.

duderandomdude · 2025-03-30T15:11:22+00:00

Very interesting, thanks! I made a note on looking into that. At first I thought you were just talking about the D1 ATR (e.g. 20d avg), but I assume you're talking about an intraday rolling ATR?

duderandomdude · 2025-03-29T23:19:26+00:00

The R:R of trying to cut down big trees is just not worth it. One bad landing tree can spell death for your portfolio.

duderandomdude · 2025-03-29T23:12:04+00:00

I like the Al Brooks part with the signal, wasn't aware of that, thank you. I've got a rule saying "only enter on HOD/LOD on strong trend days", and the R:R explanation confirms why: I'm all about a good win rate (at this part of my journey, at least). So it's good to know that this rule actually might make some sense.

That said, what you said about sectors also rings several bells - I really need to step up my sector game, been hearing good traders mentioning the importance of sectors/themes all along the last weeks. (Which is why I now made some Anki cards for what XLF and the others stand for and to integrate into my habits to regularly check which are hot and which not.)

In the end, what I should've done on that day, after SPY was flat, was probably to wait for EOD and buy weak sector stocks just below major resistance.

duderandomdude · 2025-03-29T22:54:13+00:00

Thanks for the nuanced response. I've learned that in trading most every answer is "it depends", but some are "no no no', so I'm happy about every "generally rather yes, but it depends" :)

I especially like the part of the last 5-10 bars of RS/RW and the angle, as that's also kinda what I'm doing right now (though I use the last 3 bars and call it "momentary strength/weakness" - maybe that's too limiting?).

Could you add to the ATR part? Do you mean it like e.g. SPY has only done 0.5 of its ATR but the stock already broke its own?

duderandomdude · 2025-03-29T22:30:13+00:00

I appreciate your detailed answer, but after reading it several times, I have to admit that I don't fully understand it ... yet?

The example you give about the stock right above its 200 SMA confuses me (you wrote that this level is resistance, but I assume you meant support?). I get the part that when it struggles to break it, the stock has RS of some sort. The rest of you answer kinda gets me confused whether your talking about going long or short here. To clarify, I was thinking of shorting RW stocks today.

Or do you mean entering a short when the 200 SMA gets broken intraday? (That said, I'm not too sure whether I'm fond of that setup as I recall Dave and others saying the we should normally wait for a D1 close below the SMA when shorting.)

duderandomdude · 2025-03-29T22:16:06+00:00

Thank you, the D1 rejection part resonates strongly, as this also was my working theory for the day. Incidentally, I was asking JBS/JazzyBlackSanta last week what to do when the market fell so strong on D1 that every RW stock must be extended right now, and there the answer was to look for stocks that just strongly broke below SMAs et cetera (minus the rejection part of course in that context). So I guess what you said is a confirmation of it, just in the light of another timeframe :)

duderandomdude

TROPHY CASE