This was my first full week of trading after returning home from my Australia trip. I'm going to do this post a little differently than the previous few just to shake things up a bit.Read More ➞
I came into this week short WGMI and long QS, TEAM, AMD, DYN and TANK. Those essentially used up all my non-margin buying power. As I mentioned in a position sizing discussion on the Canadian version of SwingTradeBot, I don't like to be on margin overnight. But after initiating a few of more trades early in the week I soon found myself needing to lighten up -- late Tuesday my brokerage pinged me that I had exceeded my overnight buying power (a Regulation T violation). So I had to choose some stocks to sell or the brokerage would have done it for me.Read More ➞
I'm going to take another crack at consistently making these posts. However, there may not be any posts during the last 2 weeks of January because I'll be on vacation in Australia & not sure if I'll make any trades.
As before: My goal here is to show a bit of my process and the scans I use to find these trading candidates. They certainly won't be the best trades one could have possibly made, it will just highlight those I found and chose to take
There have been some recent developments with Interactive Brokers that affect our ability to continuing servicing IBKR accounts over the SnapTrade API.
Interactive Brokers has made it clear that they have no interest in working with SnapTrade or any other 3rd party API aggregators to facilitate connections to their trading API. Even for partners who have their own IBKR keys, they have asked us not to intermediate the connection. Their suggested path forward is:
1) All apps get their own IBKR keys subject to a compliance review, and
2) All apps build their own direct integrations with IBKR's trading API.
This is a disappointing outcome for us that we believe is not in the best interest of IBKR customers, but at the end of the day IBKR is in complete control of who connects to their trading API. In response to IBKR's request, we have disabled all IBKR connectivity for all SnapTrade partners...
An exploration of how SwingTradeBot calculates its ADX indicator.Read More ➞
Here's another really good video from Dr. Duru. In addition to doing an insightful technical analysis review he also shows how he uses the following SwingTradeBot features:Read More ➞