Need a good stock trading system

[maritin]

I had been trading in stocks for a while and had been good with them. But recently have been facing a bit trouble from the market and have incurred some losses. I am looking for a system that helps me to judge the right kind of moves in the stock market and prove as a guide to smart investing.

Need your valuable suggestions to find a good one!!!

 

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[cmartin371]

Why not develop your own system? Spend some chart time, get to know price action. Just because some one may post a system that works for them, does not mean that it will work for you. There are too many variables. Work your own plan, and figure out what works for you. That is the only way to learn how to trade.

 

[ramy98]

I agree , try to develop a system for yourself to suite your needs and backtest it.

 

[kidgas]

I think you need to look at what is causing the losses, figure out where the misjudgements occurred and learn for the future. You may have a good system that just needs to be refined. Figure out how you can best protect capital.

 

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[cmartin371]

I think you need to look at what is causing the losses, figure out where the misjudgements occurred and learn for the future. You may have a good system that just needs to be refined. Figure out how you can best protect capital.

Yes! Another good point. How long have you been trading your system? Just because you are incurring losses now does not mean your system does not have an edge. The only way to find out if you have an edge is to keep trading your system, and not hop from one to another. And as kidgas mentioned, use good money management so that you live to trade another day.

 

[MJ DeMarco]

I use Strategy Desk that comes with Apex accounts for Ameritrade -- my *system* has been pretty successful so much so that it has become a distraction from my real goals of authorship.

Strategy Desk allows you to create entry/exits based on technical analysis. Since I am 95% technician, this tool is perfect for me. Once you create the strategy, you can "backtest" it for months to see how the strategy would play out.

What I like about systems is that they remove all emotion from trades ... you buy when X happens and sell when Y happens. There are no emotions involved to cloud your judgment and it becomes all mechanical. For anyone that pursues these strategies, it is highly recommended that you familiarize yourself with technical analysis formulas (Money Flow, RSI, OBV, Chaikin Oscillators, Stochastics, ADX, the list is quite lengthy.) Only then can you really mess around with different strategies.

 

[randallg99]

I use Strategy Desk that comes with Apex accounts for Ameritrade -- my *system* has been pretty successful so much so that it has become a distraction from my real goals of authorship..

me too. This is why I use Ameritrade heavily and manage several ports there...


+++

 

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[taichijedi]

[FONT=&quot]Sorry to hear about the losses….but that is a part of the trade….you lose some and you win some…..but I myself use a system that works just fine for me and that is a perfect teacher for in all terms ….there are many out there but I believe on this as I am using it. This is a good [/FONT][FONT=&quot]Day trading [/FONT][FONT=&quot] system that can make you comfortable in the stock market.[/FONT]

[FONT=&quot]Cheers![/FONT]

Seems like spam to me, especially since when I click on the link it says flat out that the information won't be cheap and it is your first post!!:nono:

 

[MJ DeMarco]

User banned, post removed.

 

[1320Trader]

Trading is something you really have to find your own way in. It's heavily psycological and emotional, so you have to develop a system that works with your personality which usually comes with screen time (experience). A lot of people fail because they try to follow someone elses system but they can never work it like the original creator. I believe after you have experience your brain processes a lot of information sub consciously that cannot be conveyed in words or pictures to another human.

 

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[alaesh]

Nothing to do with the downturn in the economy? Do you just long or do you short, too?

As for specific strategies, one of my friends uses a moving average crossover (plus fundamentals/company data) to decide which companies to buy. Seems to work for him. You can use something like Omnitrader or Sharescope Gold to scan thousands of stocks in minutes for the MA crossover.