A few weeks ago I added a new type of scan which I've called "Back-to-Back". It enables you to find stocks which have made certain signals on up to 3 consecutive days. For example, you can scan for stocks which fell below their 50-day moving average on one day and climbed back above the 50 DMA on the next day.Read More ➞
There's a video by David Keller, which I linked in the featured links section, titled: "Re-Evaluating Your Process". It really resonated with me that 3 of his questions were about routines. I certainly recognize the importance of having good routines and sticking to them, which is why I created the routines section of SwingTradeBot. (Here's my original blog post about the routines functionality.)Read More ➞
I was asked earlier today about how to export a list of stocks from a SwingTradeBot scan result into a TradingView Watchlist. That reminded me that I forgot to write about an enhancement that I added last summer.
In response to another TradingView watchlist request I added another column (called tradingview_symbol) to SwingTradeBot's CSV file exports. That column contains TradingView's ticker symbol. TradingView combines the stock symbol with the stock's listing exchange, so AAPL, which is listed on the Nasdaq would be NASDAQ:AAPL. So that column of data will look something like:Read More ➞
For a few months now, you've been able to filter scan results by stocks with options (which are optionable). Earlier this week, by request, I also added the ability to filter by stocks which have weekly options. Here is where you can find those filters:Read More ➞
Scanning for a given pattern / signal over a range of dates is a feature I've wanted for a long time. A nice side-effect of the recent change I made to the way things are stored in the site's database is that it's now much easier for me to build that capability. Over the last couple of weeks I received a few requests for adding a date range to the scans. So starting today paid subscribers will be able to run scans across a date range. You'll see that there's now an end date as part of the search / filter criteria.Read More ➞
I had a really good email exchange with somebody (Jason) the other day. He shared with me how he incorporates SwingTradeBot's data into his research process. Here's part of our exchange:Read More ➞
I've been thinking a lot about stocks which have undergone parabolic rises based on (what I consider) a lot of hype and little substance. That's been fueled by where the bulk of my trading profits have come from over the last few months -- shorting those type of parabolic moves. (Some call those stocks "flying pigs".)
For example, I've shorted VERI 3 times after the crash through 60:
OSTK 4 times (breaking even on the first 3 attempts but a nice winner on the 4th)
XNET was the biggest short-term winner I've had this year...
— Michael Seneadza (@TraderMike) November 29, 2017
So after that XNET success I really started thinking "I need a way to find these kind of movers quickly." So I'm thinking about adding a "Gone Parabolic" scan. I have some ideas on how to do it. Some criteria:
- Must be above the Upper Bollinger Band
- Must be trending up very strongly (can use ADX and Directional Movement for that determination)
- Must be up over 70% in the last few months
- Must have Overbought Stochastic (almost a certainty if the above are all present)
I'll be playing around with that over the weekend to see what I can come up with. But in the mean time, a pretty good approximation is to use the Percentage Gainers scan, looking at the last 90 days and checking the charts of those stocks which are up more than 70% over that period.
Of course with any of these scans, you'd want to investigate why the stock has been rallying and then decide a course of action.
*** Note that shorting these kind of moves is not for the faint of heart! You can get slaughtered if you jump in too early. So if you want to wade into these waters, be sure to have a well thought out plan and control your risk (scaling in may help).Read More ➞
You may notice today that you're seeing more alerts listed for a stock than before. That's because I've made a pretty significant change to some things behind the scenes. By sort of an accident of evolution (let's call it), there have always been two classes of alerts (scans / signals) on the site. Old timers will remember that they were listed separately. They used to be called "Individual Pattern Scans" and "Advanced Scans".Read More ➞
The other day somebody asked me if there was a way to run a scan and only see results from his watchlists. There was not, but after discussing it for a while I saw how it could be useful to those who like to trade from a specific set of stocks.
So I've now added the ability to run scans against just the stocks which are in your watchlists and portfolios. Just check the box next to "Only My Stocks" in the form where you enter your scan criteria.Read More ➞