I have been using the free version of Finviz on a daily basis for several years.
Just recently I decided to subscribe to Finviz Elite to take advantage of the live market data, more powerful screener and backtesting features.
So far I have been more than happy with that decision. At $25 per month, I think the service offers amazing value for money and I have already seen it have a real improvement to my trading and analysis. Read more »
In this article I take a look at the Udemy course ‘Learn to Trade the News‘. Udemy are currently having a 25% off sale on thousands of courses which you can access here. Coupon code = 25JBMARWOOD.
I mentioned in a recent article that one of the things I like best about Amibroker is the ability to import data sets from various sources and use it to create indicators.
In this post, I show how to import TED spread data and import it into Amibroker. I then build a simple economic indicator that uses the TED spread for market timing. Read more »
In the classic trading book, Reminiscences of a Stock Operator, Jesse Livermore spoke a little bit about a professional gambler called Pat Hearne. Pat would treat the markets like a casino game (such as roulette, faro or blackjack) and his strategy was to make a series of calculated bets, always looking for small, sure wins. Read more »
Traders tend to focus too much on fine-tuning their entry rules and choosing between stocks. Picking the right exit can be just as important, if not more important, than picking the right entry. After all, it is the exit that locks in your profit (or loss) and ultimately impacts the equity in your trading account. Read more »
I never recommend trading off tips. It doesn’t matter whether it’s your next door neighbour or Warren Buffett, if someone tells you to buy a stock you should always do your homework first before you put any of your own money on the line. Read more »
On the whole, it’s better to avoid trying to pick market tops and bottoms. If you try and pick the tops and bottoms every single day you’re going to get frustrated very quickly and wind up losing a lot of money.
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Monte Carlo analysis involves the use of algorithms to generate random repeated sampling of results. Typically, Monte Carlo is used to run a large number of simulations in order to find the likely probability distribution of an unknown event.
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Building an intra day trading system for trading futures, stocks, or forex is no easy task and many would say that in today’s markets it’s simply not possible.
For one thing, the markets are not at all like they used to be.