No trades for me today. I got TradeStation installed yesterday and spent a good bit of today learning to use it. Geez, I so shoulda started with this - soooooo much better than IB's TWS.
I'm looking at playing a "Reversion Toward the Mean" on EMC tomorrow. I have a pretty good setup, although I am not crazy about the Risk/Reward. OTOH, this will make a good learning trade, since my actual Dollars Risked is so low right now, it won't much matter whether or not this is a trade with the possibility of big money. It is more an opportunity to play this particular strategy & see how it looks.
Thursday, September 27, 2007
A Learning Day
Subscribe to:
Post Comments (Atom)
3 comments:
I too signed up for Tradestation. A data transmission issue with Fidelity Active Trader Pro cost me 0.5 R so, as part of my plan for having redundancy, as well as looking for something more robust, I am going to put most of my trading capital into TS.
I'm already kicking myself for wasting so much time trying to do in other platforms what has been so easy in TradeStation. Sheesh.
markholland, you might consider looking into WealthLab Pro which is available from Fidelity. I use it to do portfolio back testing, which is something that TradeStation can't do. Portfolio back testing is creating a strategy and seeing how that strategy would be traded over a basket of stocks over some period of time in the past. So you will see your trades switching from one stock to another as time progresses. You can also give priority to a particular trade if you have to choose between more than one. For example, choose the one with the highest ADX reading.
Post a Comment