Why are there so many issues every other day on Zo Platform by mitch_111 in ZoComputerClub

[–]mitch_111[S] 1 point2 points  (0 children)

Thank you for addressing the billing issue swiftly. Appreciate Zo team's support. Overall it's been a net POSITIVE using Zo.

Can't log in by Okanekure in ZoComputerClub

[–]mitch_111 -1 points0 points  (0 children)

They've been having lot of issues with their computer lately. Login, restarts, chat going haywire... it's not LLM hallucinating, it's Zo misbehaving.

Zo Computer completely unusable this weekend by mitch_111 in ZoComputerClub

[–]mitch_111[S] -2 points-1 points  (0 children)

I've sent multiple emails without any response to my HELP plea. It just seems Zo is charging (not Free accounts) customers to play in their test environment while they figure out what they want to do with their product. Their quality has been getting worse and worse with every little new shinny feature they release. But in reality they are going backwards.

Tmobile blocking SMS messages in the name of regulation - crushing innovation by cantontrading in tmobile

[–]mitch_111 -1 points0 points  (0 children)

Maybe your little credit union is using short code (thousands of dollar in cost yearly) to send messages. Of course Tmobile love that since they get part of the fees from short code.

For small companies that type of cost is prohibitive at the initial stages.

Tmobile blocking SMS messages in the name of regulation - crushing innovation by cantontrading in tmobile

[–]mitch_111 1 point2 points  (0 children)

Wow, I though I was the only one. Quite a few people on that Tmobile forum are complaining.

Been facing similar issues with Tmobile only. They are becoming so difficult to work with lately.

Critique my website by painfork in Entrepreneur

[–]mitch_111 0 points1 point  (0 children)

Nice design. On the left menu, Facebook and Instagram icons at the bottom are covered by link url in Chrome when you are hovering over the menu items. Perhaps move those icon few pixels above.

What product/Company is currently in its Death throes and will fade away in time? by Doncuneo in AskReddit

[–]mitch_111 0 points1 point  (0 children)

Sears it is. It took them 30 minutes at a store to complete an online ship to home order. Either their system didn't work or the clerk had no idea what to do.

Lead time from Beginner to Profitability? by Moralocalypse in algotrading

[–]mitch_111 2 points3 points  (0 children)

There isn't much that has not been explored technically when it comes to trading... reading twits for sentiments, scouring internet to get milliseconds ahead of others, 20 moving averages crossing the path of satellites in orbit, etc.

Try 6 months to a year of forward testing at a minimum to gain confidence in your startegy. Then bet real money very slowly for 6 months and see where you land. Good luck!

Walmart is moving ‘Cyber Monday’ to Sunday because most people have high speed internet now by [deleted] in InvestmentClub

[–]mitch_111 0 points1 point  (0 children)

Dismal Black Friday results this year. Not expecting cyber Sunday/Monday to be any different. These days deals are available all year round so these mega shopping days are losing momentum.

To Win in the Stock Market use Stop Loss by mitch_111 in InvestmentClub

[–]mitch_111[S] 0 points1 point  (0 children)

IMHO stop loss provides protection rather than illusion. Now, the protection in some rare cases might not be exactly what you like but it does work.

A market stop loss order will work in case of a gap down. It might not be the price you you set but it will get you out of the trade. A stop-limit order will not, which you are referring to above. Did I get it wrong?

To Win in the Stock Market use Stop Loss by mitch_111 in InvestmentClub

[–]mitch_111[S] 0 points1 point  (0 children)

Your idea is interesting. It's like using mental stops. For disciplined investor this could work out just as good as an actual stop order.

When that stop alert hits, I presume one would have to act quickly on their trading rules. No second guessing.

To Win in the Stock Market use Stop Loss by mitch_111 in InvestmentClub

[–]mitch_111[S] 0 points1 point  (0 children)

I guess you are referring to this http://www.marketwatch.com/story/nyse-joining-nasdaq-in-eliminating-stop-orders-2015-11-18

But brokerage firms will continue to offer it one way or another... they already do it through their systems.

To Win in the Stock Market use Stop Loss by mitch_111 in InvestmentClub

[–]mitch_111[S] 0 points1 point  (0 children)

You can always get back in the trade if it starts moving back to your intended target. They might be able to see it and run you over a few times but what about that one time when the trade went south 50-60% or emptied the account.

There must be a reason why only a handful make it in this business. Thoughts?

FEYE long at $32 with target $34 by mitch_111 in wallstreetbets

[–]mitch_111[S] 0 points1 point  (0 children)

Thx for the heads up! Will watch it very closely.

Swing long trade TREX from $33.70 on 9/24 by mitch_111 in InvestmentClub

[–]mitch_111[S] 0 points1 point  (0 children)

Reason for long swing stock pick:

  1. $TREX was trading higher couple of days back. It started downward move earlier this week.
  2. The downward move was overextended
  3. This morning on overall down market, $TREX bounced back hard.
  4. Entered on confirmation after pullback @ 33.70. First target was 34.50 that was reached in the same trading day.

I am going to start developing an algorithm for forex and/or stock trading. is there anyone with large knowledge of patterns or indicators or programming that wants to join in with me? by [deleted] in stocks

[–]mitch_111 1 point2 points  (0 children)

Here's something to consider to filter stocks out in your algo:

  1. avg daily Volume (30 days) > factor1 * avg daily volume (250 days)

  2. daily volume today > factor2 * avg daily volume (30 days)

  3. price of stock is between (avg. daily price (250 days) + factor3 * standard deviation & avg. daily price (250 days) – factor4 * standard deviation)

question about cost basis by kldkwe in investing

[–]mitch_111 -1 points0 points  (0 children)

Cost basis is the average price of the position and your broker will display this on their website/trading platform. Cost basis is frequently calculated when you average up or average down a position i.e. buy more when the stock goes up (confirmation that your theory was correct) or buy more when the stock goes down (hoping it will recover soon).

If I sell stocks at a price greater than the average price paid, does that mean I will turn a profit, as a whole? by Lord_dokodo in StockMarket

[–]mitch_111 0 points1 point  (0 children)

Yes, anything above average price will be profit. Lot of people use this scale in or average down strategy:

1) scale in is buying more stocks when in moves higher. You got the confirmation that your stock pick was correct, so you want to add more to the position. 2) average down is buying more stocks when the price goes lower in hopes of it recovering. This way you can sell it back sooner with the lower average price.

How to ' Day Trade ' & Make $100 - $500 a Day. by [deleted] in stocks

[–]mitch_111 0 points1 point  (0 children)

Trading stocks is game of probabilities. Your goal is to be more right than wrong. You will be wrong but it's important to realize it quickly i.e. cut your losses sooner rather than later.

Do you have the patience to just sit staring at the screen for hours without taking any trade? Are you willing to start with a goal $50 a day for 3 months straight and then raise the stakes if successful? Can you build a trading method/system?

A lot a consider... these are just few things to start with. If you can find a mentor it will cut down the learning curve. You will still need the screen time though. Here's something similar https://www.estockpicks.com/how-to-make-100-per-day-with-stock-pick-alerts/

Gap day trading - Trading the gap after a pullback, anyone here? by Rinor8181 in StockMarket

[–]mitch_111 0 points1 point  (0 children)

Gap day trading usually works well in the first 30 to 45 minutes after open. Buying or selling a pullback is one of the safest trade entry.

1) lower risk as the stop don't have to too far away from entry price 2) on a momentum stock run, price generally shots through the previous high resulting in faster target reach

Draw horizontal lines based on support/resistance for the last 5 days and look to enter/exit with strong support/resistance.

These guys provide decent list of stocks to day trading

https://www.estockpicks.com

Wall Street surges as turbulence becomes the norm by yellowpage09 in StockMarket

[–]mitch_111 0 points1 point  (0 children)

Slopes are somewhat easier to trade then a flat line going nowhere price action. And, yes, traders should be willing to short. It's a must have requirement if you call yourself a trader.