Stock trading sites uk
This video will show you how to create and save the fundamental screening criteria from The Honest Guide To Stock Trading. This video will show you how to create the chart templates for the daily breakout and daily counter-trend models from the book. This video will show you where to find the quarterly performance of the SPY and individual industries. This video will show you how to create the weekly breakout chart templates needed for sites long-term trading strategy. This video will show you how to write the trailing stop-loss indicator code - and how to add the indicator to your chart templates. This video will show you how to set-up highlighted phrases using advfn and how to access insider trades information, the size of a companies. This video will show you how to upload free data provided by yahoo to Amibroker and how to test your trading strategies on a individual stoc. This video will show you how create and save a list of the markets that populate the Diverse ETF correlation matrix in my book. This short video will show you how to transfer historical price data from Yahoo to Excel. You will need to do this before creating your corr. This video will show you how create a correlation matrix in Excel. No previous Excel skills are necessary, just follow the simple steps. I hope that you enjoy the videos and that the downloadable content helps you to speed up your research processes. My platform of choice is Interactive Brokers. However, I have heard good things about thinkorswim. I would suggest that it boils down to how much you value customer service I,ve been told that IB are not the greatest in this regard, although I am yet to have any problemswhether you intend upon using margin IB has lower rates and perhaps more importantly, how active you are going to be. If you are a very active investor and use margin, you will probably find that IB are the cheaper option. I am watching the training videos now. Again, very well done! Can you please let me know where I can download it? I am trying to build the weekly breakout strategy. Rest assured that they are the same thing. That is what I thought revenue is referred to as sales, but I was not sure. I also wanted to say I am enjoying your book and videos. I took your challenge to flip a coin times. I got heads: You might want to add a specification that the coin used is a fair one with a head and a tail. I admit to having a chuckle at your coin-flipping comment. Not stipulating that the coin was fair is a glaring error on my part, I will re-edit the offer at once! Thank you for being so generous sites your hard-won knowledge. A question — have you ever used Trade Navigator software? Thank-you for your kind words. Regarding Trade Navigator Software, I have never used it I am afraid. As I point out in my book, when you make a trade it is possible that the person taking the opposite side is a quant mathematician, statistician, nuclear physicist, rocket scientist etc. You have to be asking yourself whether these incredibly clever people know something more than you do, and if they do, how? I can tell you from experience that I only really started to make good money when I learnt how to write code. I am no expert either. It might look daunting to begin with, but the time invested is well worth it and once you get the hang of it, it is far less complicated than it looks. Llewelyn: Awesome, straight to the point book. I know I will have further questions, but the one I have at the moment is relating to Amibroker. I followed your video to the tee, but when I click the backtest button to test the code on either the individual stocks or for the whole list nothing displays. So I hope this is all that you need to do…. When you are on the analysis page and open the box which contains your code, you will see a little button with green,yellow and red squares. Llewelyn: I am sure you have better things to do, but I am usually pretty good with getting things to work. I put in four symbols, download historical pricing and save the file. I go into into Amibroker — click on List 9 and import this file. I then go to Analysis -formula editor and paste the formula code you provided. I then save the file and it automatically puts the file into the formula bar I also click the 3 color squares button as you mentioned above. I use the filter — highlight the list 9 and input From To dates and click back test — Nothing! Any other tips or is there another back testing software with code that you recommend? A few things, and forgive me if these are obvious, I in no way intend to patronise but going through all steps is usually the best solution. Firstly, are the tickers populating the charts? I just want to make sure that the data has imported properly. Secondly, in the analysis settings, are you using daily or weekly periodicity? Also, have you made sure that the starting equity is sufficient for the test? Finally, is there an error code or does it seem like the backtest is running but you get no results? Hey Llewelyn: Your first suggestion did the trick. I realized that when I clicked on the symbol, it did not display in the chart not enough bars or something. So, I went back to AmiQuote to auto-update and then the charts starting populating. I went to back test and viola — IT WORKED!!! Thanks so much for your help. I will shoot you another Email later on some other items. Do your strategies work on assets other then stocks like, mutual funds and 401K investment options? They do however work on futures and forex. Hello again Llewelyn: How are you? Please advise and thanks for all your assistance. Thanks for the update Llewelyn! It must have been the Daily Strategies video as the weekly uses 13 days. Also, the daily screener is looking for more established stocks to trade while the weekly screener is looking for low-priced stocks for lack of better phrase that might be gaining some steam, correct? What is is your feeling regarding trading stocks that are on the lower side of trading volume k — 500k? Is that worrisome in any way to you? Good evening Llewelyn: How many stocks on average does the Daily Watch list new high produce? I have been running the watch list, but nothing is being generated? I would like to actively trade. Excluding the shorts, overbought, oversold, is the New Highs the only other daily list to run? Your input in appreciated. Positive ROE, etc etc. Remember too that the fundamentals are a supplementary addition to the actual system rules. Fundamentals provide a trader with more confidence in a technical signal but as the test results in the book illustrated, profitable trading strategies can be exclusively technical. To your other question regarding the average volume. It is a sites of timescale, account size and actual strategy rules. For example, I want far more volume when trading short-term strategies because slippage becomes a greater drag on performance in percentage terms if we are only targeting small but frequent gains. When a strategy is more long term in nature and we are targeting large and prolonged profits, slippage becomes less and less of a drag on our overall profitability. Clearly if you are trading size then you would also want more liquidity. I only trade stocks with an average daily volume of 2 million shares traded for that strategy. My general advice would be to treat the rules in my book as a building block from which to create your very own watch lists, entry signals, stop-loss rules etc. As the famous turtle experiment illustrated, even when given same set of rules, different traders will often get different results. It therefore makes sense for you to modify the rules in my book to suit your own personality. Llewelyn: I ran the daily new high list and the ticker OME came up? Did your run result in anything else. Where do we want the quarterly performance to be for industry for which OME belongs to consider a purchase? I actually got OME, WRES and EDU. Having said that, I am currently more interested in trading counter-trend at the moment. Furthermore, none of the aforementioned stocks meet the industry filter for the time being. Regarding the current lack of signals being found in the new highs watchlist — it is frustrating if you want action but ultimately it is telling you something. When there are less signals, you can infer that there is less strength in the broader market. When I ran the screener during the writing of the book, the new highs watchlist would get signals a day as evidenced by the screenshots that I published in the book. Nowadays we are getting far fewer signals which to me suggests that the market is getting ahead of itself. I could be wrong, and annoyingly it is very hard to quanitatively test strategies using fundamental data. But experience has taught me over the years that when the new highs watchlist begins to find less stocks, the market is probably due for a correction — or at the very least a period of consolidation. Hi James I would like stock thank you for sharing your knowledge. The first book I have read that provides an easy and honest way to understand stock trading right at the start. Moreover it is easy to read and your sense of humor made me smile frequently! Thanks Rafael Alicante Spain Good morning Llewelyn: Great, detailed answer. I was thinking the same. I am wondering why my run of the Daily Watchlist only produced OME. AVGO met all the criteria to buy except for the fair value calculation. Do you keep an eye on it? While I am not in position to give you specific investment advice, I would say the following… I included a chapter in my book about fundamentals because a lot of readers are interested in them. When you see the talking heads on t. The fair value calculation that I wrote about is a quick and dirty method for us to gauge for ourselves whether we think a stock or industry is over-valued. However, one of the tenets of trend-following is that a stock, currency, market, whatever, can go considerably higher than any value calculation suggests that it should. Remember that the strategies tested in my book had no fundamental criterias included at all. Whether to include a fair value calculation in the system is one of the many choices that should be made by the reader theselves. Do you trust the system enough to buy AVGO after the gap up last week? These are the types of questions which will have different answers depending on the individual trader. One thing that I would say is that you have understood each of the rules from the book and that your calculations are correct. I do want to tap your expertise. In tweaking things and making them my own, I do not like the gap up due to quarterly results and the fact that I believe it is pricier than what fair value suggests. I have also been sites at some counter-trends, but I am not finding too many here as well. It may just be the market giving suggestions that it may be reversing trend. Hello Llewelyn, thank you very much for the absulute geat book and the content you share here. Another thank you for the detailed email you wrote me. Trading will come back to that in a few days after some backtests. I tried to follow the steps in the correlation matrix video but had some trouble with the plugin your version and that at google developer. It seems not to work with the German Excelthe range fields are blocked. If somebody else has the problem. You can also create a correlation matrix with Amibroker. Nor do I understand what is meant by a company with a comparison of beating a company with a comparison of for media attention Thanks for buying the book and getting in touch. I just changed it and thank-you for bringing it to my attention. I missed a quarter in the original draft. Lets presume that the above numbers are Q1,Q2,Q3,Q4. The next YOY comp will be Q compared to Q If Q EPS wereit is an easier beat than if Q EPS were All else being equal. Company XYZ sells mobile phones and in Q they posted EPS. Company ABC sell mobile phones and in Q they posted EPS. If we look at YOY e. Quadrupe digit EPS growth is the type to get the message boards,twitter feeds and media outlets buzzing. The next YOY EPS growth rate will probably be negative in such a scenario. When trading low float stocks, you need to realise that it is momentum we are seeking. I have a question concerning the fair value calculation. It is simply the price performance of the stock during the most recent quarter. Now I have a question about how to choose a stock. Then does it mean there are not that many stocks to choose from and you may lose your opportunities of a life time? Regarding your question, the rules are there to help you ONLY buy stocks which present the opportunity of a lifetime. They increase the odds of a successful trade and they improve your confidence in the technical signals, but you can trade just the technicals if you so choose. Zacks research have also done extensive work on the topic and have conclusively discovered that stocks with strong earnings and revenue growth have typically outperformed the market by many percentage points. Sadly, including fundamental data in a backtest is hard to do, but an example of a trade that met the rules since releasing the book was Trading. One final thing, If you do want to use fundamental data but would like more signals…. Thank you very much for your quick and thorough reply. Your points are so well made that it clarifies all the clouds in my head around this topic at the moment. Before reading your book, I felt about trading pretty much the same way I felt about gambling: almost always worrying. Now your book tells me that I actually can control the risks through stop-losswhich will for sure give me a peaceful mind during trading — that is priceless, and critical to make good decisions. Hi Llewelyn, Very, very interesting the strategies explained in your book I read it already 3 times. I tried to back test with their free tool but the historical data are quite limited I follow all the needed steps. I made several tests with their different sources yahoo or google and different stock exchanges proposed in AmiQuote. Do you think there are some limitation because of the free version? I am wondering to purchase AmiBroke but I wanted first to test it more deeply. Thank you in advance! Regards Pawel Thanks for buying the book and getting in touch. There are some serious limitations when using the trial version. Furthermore, scans and explorations are limited to five tickers at a time. I am a big fan of Amibroker but I would suggest that you should only buy it if you are also happy to purchase some high quality stock data. I use NorgatePremium data which I am very happy with. I get no compensation for recommending them. I just so happen to think that they are a great data providor. Excellent book and I have read many trying to decide if the industry was for me and if so how to find the stocks and then the strategies to use. Your book has provided both. Are these to enhance and use with the book strategies or entirely different ones? When the Bear market starts taking over the Bulls do you have an outlined strategy to search for equites and implement the trade for short positions? I would like to trade forex as well. Do the daily and weekly breakout charts work with currency pairs or is there a slight modification to them Finally is there a MAC compatible forex tester like the Forex 2 if not does anyone know if it works well through Parallels. Thanks for buying the book and getting in touch. I have a multitude of systems on tap which all help me grind a profit. By mixing up the systems that I write about, I hope to illustrate that more is better. Also bare in mind that the trading plan template is an example only I do have short only systems, although they tend to be geared towards single issues. Developing profitable short sytems is harder to do than developing long systems. Further, I prefer buying puts when it comes to shorting the market as opposed to simply borrowing the shares. Another key part of my screening process when it comes to bear markets is that I want to be short stocks which have a high number of recent negative earnings revisions. Bear markets are notoriously difficult to trade and it is during a bear market that diversification of both assets AND strategies becomes paramount over any specific system rules. Bear markets are typically characterised by a high degree of internal correlation… Which is why going to cash can be a perfectly reasonable thing to do…. Assuming that you are ready to get back in-to the market when conditions improve. The trend following guys who made billions during are always touted as prime examples of how to make money during a crash. Short financials was but an element of a fully diversified portfolio of assets and strategies. If I were you I would test the strategies on the markets which you intend to trade. Having said that, whether a strategy works or not is quite a subjective thing to answer…All strategies contribute to the whole. A slightly profitable strategy can be a wonderful thing if it helps to smooth the overall returns of a portfolio of strategies. Only you can know if one system will positively contribute to your others. My strong advice is to develop many strategies and to constantly analyse the relationships between the seperate equity curves…Incessant analysis of your portfolio volatility and appropriate position sizing is key. No problem…Simply recognising that my name is Llewelyn and not James is a vast improvement over many! Llewelyn thank you very much for your response. You have driven home the three key points and I look forward to following your blog and any information you feel we can use. Every other term is clearly defined on the first occasion it appears SPY appears 34 times. It first appears in the para before Earnings Per Share EPS growth. Could someone please oblige me. Hi Llewelyn, I loved your book. I have a question about the Dondhian Channel however. They do however offer lots of alternatives. Is it simaler enough to something like Bollinger bands to substitute? To answer your question quickly, yes you could use Bollinger Bands instead of the Donchian Channels. Just so long as you know that they measure completely different things. The Donchian Channel simply plots the X day HIGHS and LOWS. As for the Bollinger Bands, I could explain but it would be easier for me to point you here for an explanation. Irrespective of the difference in calculation, the basic premise remains the same. If we only buy stocks which have closed above the Upper Band Donchian or Bollingerwe are buying strength. I just did some tests of the strategy from my book whereby I swapped the Donchian channel for the Bollinger Bands. These tests found that setting the Bollinger Bands to anywhere from to for the MA and either 1, or 2 standard deviations produced the most similar results to when using the Donchian Channel. Buy when price closes above upper Band. Having said that, you could use the lessons in the book to make a longer-term investment in a single company. Also, if you try and trade actively with a small account then the commission drag will be very prohibitive to your returns. Before the Swiss Franc debacle this week I might have even suggested that you open a retail forex account which allowed the trading of micro-lots. To leverage my money I used a spread-betting account. Needless to say…I lost the lot! Llewelyn, Chad here from Escalon CA USA. I plan on reading candlestick patterns soon. The best part of your book for me is turning us on to your list of websites for all of this information. The idea of something as simple as letting the reader know where to go to set up screeners etc. Is quarterly performance on finviz a rolling 3 month? Or is it, for example, January 1st through March 31st? If it is the latter, It makes more sense to me to use a rolling three month price performance especially when the date gets deeper into a quarter. I will tend to avoid companies that have negative earnings. One exception being when a company has negative earnings but those earnings are indicating a steady trend towards profitability. So penny stocks to watch are those which have EPS numbers such as Q1, Q2, Q3, Q4, Q1,??? In such a scenario, it might be worth taking a small position in the hope that sites nest quarterly EPS happen to be positive. When a company moves from turning a loss to turning a profit, you can often see some short-term momentum come into the stock. Do you use Diluted EPS from Continuing Ops in for run rate calculations? You mention this stock the book for looking at earnings trends for the Weekly Breakout and it got me thinking if this is the EPS you use for fair value?? I have added a form to the members login page which should allow you to change your password. Please let me know if it works. Are these defaults of the application or do I need to delete something? Most probably your charts have automatic trendlines enabled. You can disable them by pressing the buttons in your chart settings which look like squiggly lines with a green and red lower and upper border. The chart settings are found at the top left border of your charts. Great book — really enjoyed it. Same with the videos. In the Daily Breakout Strategy, one of the criteria is that the closing price for the stock is above the upper Donchian Channel day. Is this the same as saying the closing price for the stock is the new 40 day high? Thanks for buying the book. As for the Donchian channel, you are absolutely correct that the stock closing above the upper Trading channel day is the same as the stock closing higher than the highest price of the previous days. The Donchian channel is displaced by a day to avoid situations whereby the only time that we actually close at a 40 day high is when the closing price is also the absolute high for the day. Great book and very practical with the setup of finviz and prorealtime. It is most appreciated. If you have any further questions about the book please feel free to get in touch. I cant get the SPY in Finviz. I keep getting the SPY ETF. Geez such a simple task has turned into rocket science. I trade from Australia. Can you please confirm the following? Are there any broker websites you could recommend? Sorry for such a late reply to your question. I trade the actual shares as opposed to CFDs. Having said that, I have previously traded stocks through a spread-betting account which is not too dissimilar to CFDs. I am based predominantly in the UK and use Interactive Brokers to place the majority of my US equity trades. Hi Llewellen, Have bought your book-a good read. However cannot find link to writing the amibroker code for the weekly breakout strategy. It is very hard to accurately back-test rules which include fundamental criteria. I tried using the code above for the weekly technical signals pasting it into the ProScreener in PRT but get error messages on the first two lines. Thanks, Herb Thanks for reading the book and getting in touch. Regarding the code, it is correct but sometimes strange things happen when copying and pasting from MS word or WordPress sites into ProRealTime. The easiest fix is usually to make a note of whichever lines are causing an error and then to delete them before manually rewriting them. Please let me know if that works. Thanks for the reply. As I mention in another blog post, I do ask that people donate a sites sum to the International Red Cross in exchange for the ProRealTime code. I have sent you the code in an email. I have all three strategies written down step by step. Am looking forward to implementing them and build my wealth. I will be starting the videos soon. Thank you so much again for your insight and tools you gave Thanks for buying the book and getting in touch. I appreciate your feedback and look forward to hearing about your future success! I had a quick question for you. If I should include it, that line is missing off the Kindle version of the book, FYI. If you want a screen shot of the kindle page just let me know. Thanks for buying the book and pointing out the discrepancy between it and the video. Great book, thanks for sharing. Can you tell me where I can find future Earnings Report dates for a given stock? You can sometimes get that data from Finviz. The corresponding data will tell which date that the next report is expected and whether the report is expected before market open BMO or after market close AMC. Finally, I should point out that Future earnings report dates as listed by the above sites are sometimes subject to change…It is prudent to keep checking that the date which the report is scheduled for has not been changed. I read the honest guide to candelstick patterns first, wow. Doesnt mean I have any idea of how I was going to trade, until now. Question, why do I see on youtube both finviz, and PRT V? Do you use both, or is one free and the PRT V your creation? Thanks for buying the books and leaving a comment. Regarding Finviz and PRTV10. The reason that you see videos for both is that I wanted the readers of my books stock know where they could access fundamental and technical stock market data without stock for a subscription. Finviz is a good place the fundamental data. PRTV is one of the better charting packages which provides free end-of-day data and the ability to create custom scanning criteria and indicators. Knowing how to use both sites will allow the reader to scan for technical trading trading and then also to analyse the fundamentals of any company which has produced a technical signal. Just wanted to say thanks for the excellent book and the hard work you put into it. Please know it is much appreciated and it closed the loop on a lot of issues for me understanding how to approach the market. I also wanted to say thanks for answering all these questions, please keep it up! Do you recommend we execute our exits manually once a stop loss is hit? My broker offers the option to enter a trailing stop loss, should I use that? When using a trailing stop-loss I tend to exit positions manually when the price closes below my stop order. Having said that, there are a number of occasions whereby I could have substantially limited a loss on a trade if I had placed an stock stop order with my broker. Is it normal to go several days to weeks without finding a setup that meets all the rules of the daily and weekly breakouts? I might have covered this in a previous post but if you are trying to meet every single criteria both fundamental and technicalit is not uncommon to find periods whereby no stocks will meet all of the rules. In fact, one of the benefits to applying fundamental criteria to a predominantly technical strategy is that you might avoid buying stocks when the market is over-valued or if earnings or revenues begin to disappoint, etc etc. Having said the above, NLS triggered a technical signal on Tuesday and happened to tick nearly all of the fundamental boxes. Take that as you will. Please appreciate that when writing the book I wanted to cover as many topics as I thought important. My advice would be to hone in on the trading which you personally have the most interest in and develop a strategy which is more suitable for your preferences. Yes that did help…. Thanks as always for the prompt reply. I just stumbled upon your book on Amazon yesterday while seeking a book on Trend Trading. I am about way through it. I really appreciate how you get to the point and avoid all the fluff that many investing authors create to fill pages that add no value! I look forward to finishing the book and perusing your web site. My impression so far is that you provide good advice at a tremendous value. BTW — the floating share buttons on your blog site are not obtrusive on a laptop or desktop screen, but on a smart phone, they overlay the content your readers are trying to read. Thanks for reading the book and stopping by. I look forward to checking out your blog and would also like to thank you for pointing out the issue with my share buttons. Regarding the fast d and slow d moving averages used as a buy condition, have you tried alternatives, such as? Using ATR is a fascinating way to consider position size and stop loss values. As I understand it, the ATR is the difference between the high and low for a given day, and this is averaged over a number of days. For stops, I have typically set a percentage value from opening price, then adjust manually for trailing updates. I have tested many different parameters, many of which work better than those which are presented in the book. How to follow long term trends, how to use volatility adjusted position-sizing, etc. The above partly explains the ATR settings that I used. The 17 which you refer to was used in the initial example regarding Apple stock. For the actual strategies, I specified that I was using a 20 day ATR for the daily strategies and a 13 week ATR for the weekly strategies. Once again, these parameters were not optimised. I find all the different order types available with IB confusing and at times misleading Your advice would be greatly appreciated Best wishes- Richard Climie It seems to me as though you might have preferred to use a trailing stop limit order. If you wanted to avoid that from happening, you would have been better served using a trailing stop limit order. This works in the same way as a trailing stop market order, but when your trailing stop price is hit, your order becomes a sell limit order instead or sell market order. Assuming that we are only referring to long positions which we want to sell. A market order will simply sell at the market price. A limit order will only sell at your specified limit price or better. Market and Limit order types can be applied to trailing stops, On Open orders, On Close orders, you can even submit a market-to-limit order which will sell your position at the market price but if your order is only partially filled, the remainder of the order is cancelled and re-submitted as a limit order with the limit price equal to the price at which the filled portion of the order executed. So to actually answer your question, the way to avoid getting stopped out at any price is to use a limit order because a limit order will only get filled if the price trades at your specified limit order price or better. Even after many videos, blogs, books, seminars, etc. This book answered many of those questions, and quite directly. Thanks for your work putting this together. This blog is definitely on my favorites list. You will need to do this before creating your corr Creating A Correlation Matrix In Excel 0 comments This video will show you how create a correlation matrix in Excel. Welcome My name is Llewelyn and I am the author of The Honest Guide To Stock Trading This video series is a step-by-step guide to preparing your research tools and desktop so that you are ready to follow the trading rules in my book. I would suggest that it boils down to how much you value customer service I,ve been told that IB are not the stock in this regard, although I am yet to have any problemswhether you intend upon using margin IB has lower rates and perhaps more importantly, how active you are going to be If you are a very active investor and use margin, you will probably find that IB are the cheaper option. Thank you for sites so generously. Regards, Llewelyn Gary Bowerman Reply July 1, That is what I thought revenue is referred to as sales, but I was not sure. Llewelyn Reply August 1, Hi Bruce, Thank-you for your kind words. As I point out in my book, when you make a trade it is possible that the person taking the opposite side is a quant mathematician, statistician, nuclear physicist, rocket scientist etc You have to be asking yourself whether these incredibly clever people know something more than you do, and if they do, how? I wish you the best of luck! Regards, Llewelyn James Stocker Reply August 8, Llewelyn: Awesome, straight to the point book. Regards, Llewelyn James Stocker Reply August 11, Llewelyn: I am sure you have better things to do, but I am usually pretty good with getting things to work. A few things, and forgive me if these are obvious, I in no way intend to patronise but going through all steps is usually the best solution Firstly, are the tickers populating the charts? James Stocker August 11, Hey Llewelyn: Your first suggestion did the trick. Have a great trading. Regards, Llewelyn Dale Cassidy Reply August 16, Excellent book. Llewelyn Reply August 21, Hi Dale, Thanks for buying the book. Keep in touch and let me know how you get on. Regards, Llewelyn Derrick Rosborough Reply August 20, Do your strategies work on assets other then stocks like, mutual funds and 401K investment options? All the best, Llewelyn James Stocker Reply August 21, Hello again Llewelyn: How are you? Cheers, Llewelyn James Stocker Reply August 22, Thanks for the update Llewelyn! Jamie James Stocker Reply August 25, Good evening Llewelyn: How many stocks on average does the Daily Watch list new high produce? Positive ROE, etc etc Remember too that the fundamentals are a supplementary addition to the actual system rules. Fundamentals provide a trader with more confidence in a technical signal but as the test results in the book illustrated, profitable trading strategies can be exclusively technical To your other question regarding the average volume. For example, I want far more volume when trading short-term strategies because slippage becomes a greater drag on performance in percentage terms if we are only targeting small but frequent gains When a strategy is more long term in nature and we are targeting large and prolonged profits, slippage becomes less and less of a drag on our overall profitability Clearly if you are trading size then you would also want more liquidity. I only trade stocks with an average daily volume of 2 million shares traded for that strategy My general advice would be to treat the rules in my book as a building block from which to create your very own watch lists, entry signals, stop-loss rules etc. As the famous turtle experiment illustrated, even when given same set of rules, different traders will often get different results Why? It therefore makes sense for you to modify the rules in my book to suit your own personality Hope this helps, Llewelyn James Stocker Reply August 27, Llewelyn: I ran the daily new high list and the ticker OME came up? Jamie Llewelyn Reply August 27, Hi James, I actually got OME, WRES and EDU. Having said that, I am currently more interested in trading counter-trend at the moment Furthermore, none of the aforementioned stocks meet the industry filter for the time being. Hope this helps, Llewelyn Rafael Reyes Reply August 27, Hi James I would like to thank you for sharing your knowledge. Many thanks, Llewelyn James Stocker Reply August 28, Good morning Llewelyn: Great, detailed answer. Also, I would love to hear more about your mean reversion strategy! Jamie Llewelyn Reply September 1, Hi Jamie, While I am not in position to give you specific investment advice, I would say the following… I included a chapter in my book about fundamentals because a lot of readers are interested in them. Have you put out other writings if your trading ideas? Jamie Thomas Benner Reply September 2, Hello Llewelyn, thank you very much for the absulute geat book and the content you share here. With the afl is makes fun to create the matrix. Example Company XYZ sells mobile phones and in Q they posted EPS. Now both companies report for Q Company XYZ posts EPS Comapny ABC posts EPS If we look at YOY e. Best regards, Llewelyn Mark Reply September 5, Hi Llewelyn Thanks for the detailed explanation, I understand it now! Mark Mark Reply September 8, Hi Llewelyn I have a question concerning the fair value calculation. Apologies for appearing so ignorant! Llewelyn Reply September 24, Hi Jianning, Thanks for buying the book. Hope this clarifies a few things, Best wishes, Llewelyn Jianning Meng Reply September 25, Hi Llewelyn, Thank you very much for your quick and thorough reply. Sincerely, Jianning Pawel Krzanik Reply October 15, Hi Llewelyn, Very, very interesting the strategies explained in your book I read it already 3 times. Regards Pawel Llewelyn Reply October 15, Hi Pawel, Thanks for buying the book and getting in touch. Furthermore, scans and explorations are limited to five tickers at a time I am a big fan of Amibroker but I would suggest that you should only buy it if you are also happy to purchase some high quality stock data. Once you have a good data feed, Amibroker makes stock analysis and system testing a breeze. Hope that helps, Feel free to get back in touch if you have any further questions. Regards, Llewelyn John Bier Reply October 28, Hi Llewlyn, Excellent book and I have read many trying to decide if the industry was for me and if so how to find the stocks and then the strategies to use. Thank You, John Bier Llewelyn Reply October 28, Hi John, Thanks for buying the book and getting in touch. Another key part of my screening process when it comes to bear markets is that I want to be short stocks which have a high number of recent negative earnings revisions Bear markets are notoriously difficult to trade and it is during a bear market that diversification of both assets AND strategies becomes paramount over any specific system rules. To summarise, If there is one o. The work never stops as they say. I wish you the best of luck John Bier Reply October 28, Sorry Llewelyn, Typo above and misspelled your name Llewelyn Reply October 28, No problem…Simply recognising that my name is Llewelyn and not James is a vast stock over many! John Bier Reply October 28, Llewelyn thank you very much for your response. Thanks for bringing it up. Best trading and trading Happy New Year, Llewelyn Travis Smith Reply January 14, Hi Llewelyn, I loved your book. Thanks Travis Llewelyn Reply January 15, Hi Travis, Thanks for buying the book and getting in touch. Just so long as you know that they measure completely different things The Donchian Channel simply plots the X day HIGHS and LOWS. Buy when price closes above upper Band As always, I would urge you to do some tests and paper trading of your own before committing any money. What type of trading platform would you recommend to someone who is a beginner and only wants to trade a few time a week? Llewelyn Reply January 17, Hi Ali, Thanks for buying the book and getting in touch. All the best, Llewelyn Chad Maricich Reply January 17, Llewelyn, Chad here from Escalon CA USA. I do have a couple of questions though When looking at fair value for a stock-Any ideas what to do with a stock with a negative EPS? Regarding your questions: I will tend to avoid companies that have negative earnings. Q In such a scenario, it might be worth taking a small position in the hope that the nest quarterly EPS happen to be positive. I can confirm that Finviz quarterly data is based upon a rolling 3 Month calculation Hope this helps, Llewelyn Chad Maricich Reply January 21, Thanks for the reply. One other question: Do you use Diluted EPS from Continuing Ops in for run rate calculations? Chad Llewelyn Reply January 24, Hi Chad, Yes, the diluted EPS is the figure that I will often analyse when calculating fair value. Regards, Llewelyn jim grass Reply February 8, Llewelyn Is there a way to change my password you gave when I signed up to a simpler one? Any chance that you will hold awebinar for your subscribers? Llewelyn Reply February 12, Hi Alex, Most probably your charts have automatic trendlines enabled. Hope that helps, Llewelyn Kurt allan Reply February 14, Llewelyn, Great book — really enjoyed it. Thanks again — very informative and helpful. Kurt Llewelyn Reply February 16, Hi Kurt, Thanks for buying the book. The Donchian channel is displaced by a day to avoid situations whereby the only time that we actually close at a 40 day high is when the closing price is also the absolute high for the day I hope that makes sense! Best regards, Llewelyn Cedric Duchesne Reply February 15, Hi, Great book and very practical with the setup of finviz and prorealtime. I have left a comment on amazon Thanks again Llewelyn Reply February 16, Hi Cedric, Many thanks for buying the book and leaving a review on Amazon. I trade from Australia Can you please confirm the following? Any information you can provide would be great Thank you Mathew Llewelyn Reply March 25, Hi Matthew, Sorry for such a late reply to your question. Regards, Llewelyn Ray Hutchison Reply March sites, Hi Llewellen, Have bought your book-a good read. Would you kindly direct me please Thanks, Ray Hutchison Llewelyn Reply March 25, Hi Ray, Sorry for the late reply. Thanks, Herb Llewelyn Reply May 20, Hi Herb, Thanks for reading the book and getting in touch. Please let me know if that works Best regards, Llewelyn H Yardley May 20, Thanks for the reply. Thank you so much again for your insight and tools you gave Llewelyn Reply March 25, Hi Larry, Thanks for buying the book and getting in touch. Regards, Llewelyn maritime4life Reply March 25, Hi Llewelyn, I had a quick question for you. By the way I think your book is really amazing. I really do appreciate the effort you put into it Regards, Mike White Llewelyn Reply March 25, Hi Mike, Thanks for buying the book and pointing out the discrepancy between it and the video. I hope what I just said makes sense! Kind regards, Llewelyn Ray Hutchison Reply March 28, Thanks very much for your reply,Llewelyn Regards, Ray Hutchison Ken Jennrich Reply March 30, Hi Llewelyn Great book, thanks for sharing. Llewelyn Reply March 30, Hi Ken, Thanks for buying the book. I hope that helps, Best regards, Llewelyn mike alderson Reply April 21, hello, Llewelyn. Anyway, thanks for the help, Mike Llewelyn Reply April 21, Hi Mike, Thanks for buying the books and leaving a comment. Best regards, Llewelyn Brian Reply April 23, Just wanted to say thanks for the excellent book and the hard work you put into it. Llewelyn Reply April 24, Hi Brian, Thanks for your kind words. Llewelyn Reply April 28, Hi Brian, When using a trailing stop-loss I tend to exit positions manually when the price closes below my stop order. Llewelyn Reply May 7, Hi Brian, I might have covered this in a previous post but if you are trying to meet every single criteria both fundamental and technicalit is not uncommon to find periods whereby no stocks will meet all of the rules. Best regards, Llewelyn Brian Reply May 7, Yes that did help…. Thanks as always for the prompt reply Tom Warneke Reply May stock, Hi Llewelyn, I just stumbled upon your book on Amazon yesterday while seeking a book on Trend Trading. BTW — the floating share buttons on your blog site are not obtrusive on a laptop or desktop screen, but on a smart phone, they overlay the content your readers are trying to read Best regards, Tom Llewelyn Reply May 20, Hi Tom, Thanks for reading the book and stopping by. All the best, Llewelyn Tom Warneke Reply May 20, Hi Llewelyn, Thank you for your reply. Best regards, Tom Llewelyn Reply May 20, Hi Tom, I have tested many different parameters, many of which work better than those which are presented in the book. A limit order will only sell at your specified limit price or better Market and Limit order types can be applied to trailing stops, On Open orders, On Close orders, you can even submit a market-to-limit order which will sell your position at the market price but if your order is only partially filled, the remainder of the order is cancelled and re-submitted as a limit order with the limit price equal to the price at which the filled portion of the order executed. Regards, Llewelyn richard climie Reply July 24, Thanks so much Llewelyn your generosity with your time and expertise is amazing Llewelyn Reply July 25, Francisco Tejeda Reply August 3, Thanks for you book…! Very Honest,,by the way…!
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