102649069
commented on
$Futu Holdings Ltd(FUTU.US$
Dear Moo Moo,
I need a smarter cut-loss mechanism. Currently, the cut-loss will fail if a part of the position is sold. This doesn't allow flexibility to:
- sell part of the position to make a small gain
- reset the cut-loss for the remaining of the position to break-een
- allowing the rest of the position for potential higher gain
I hope you can consider the above suggestion and allow the cut-loss mechanism to simply sell the remaining of the position, instea...
Dear Moo Moo,
I need a smarter cut-loss mechanism. Currently, the cut-loss will fail if a part of the position is sold. This doesn't allow flexibility to:
- sell part of the position to make a small gain
- reset the cut-loss for the remaining of the position to break-een
- allowing the rest of the position for potential higher gain
I hope you can consider the above suggestion and allow the cut-loss mechanism to simply sell the remaining of the position, instea...
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102649069
commented on
I wish for multiple popup windows to monitor stocks. Just like message and trade windows are separated from the main window.
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102649069
liked
Hello mooers:
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
Performance Tracking of Previous Column (10/25)
There are 7 out of 10 selected stocksthat followed the suggested movement provided by the RSI indicator.
$Brown & Brown(BRO.US$ ， $Northrop Grumman(NOC.US$ ， $SVB Financial(SIVB.US$ $Align Technology(ALGN.US$ are the outstanding stock picks of last week.
Overbought
$Tesla(TSLA.US$
$Old Dominion Freight Line(ODFL.US$
$Lowe's Companies(LOW.US$
$Intercontinental Exchange(ICE.US$
$Masco(MAS.US$
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
Performance Tracking of Previous Column (10/25)
There are 7 out of 10 selected stocksthat followed the suggested movement provided by the RSI indicator.
$Brown & Brown(BRO.US$ ， $Northrop Grumman(NOC.US$ ， $SVB Financial(SIVB.US$ $Align Technology(ALGN.US$ are the outstanding stock picks of last week.
Overbought
$Tesla(TSLA.US$
$Old Dominion Freight Line(ODFL.US$
$Lowe's Companies(LOW.US$
$Intercontinental Exchange(ICE.US$
$Masco(MAS.US$
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators
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102649069OP : I think I have found a work-around for a long position by using the Lmt-if-Touched or Mkt-if-Touched type order to replace the cut-loss. By placing separate sale orders, one for cut-loss and another (or even more) for profit taking, it may be possible to even automate this process. It is essential for all these to disallow shorts. That's why it only works for a long position. Will need to try this out.
102649069OP : Disappointed to have to post here that the work-around that I thought I had found would not work. The trigger price cannot be lower than current, and this effectively therefore means that the mkt-if-touched or lmt-if-touched cannot be used as a cut-loss mechanism. It can only be used as a profit-taking mechanism. But what's the point of setting one but not the other, right? If you have to watch out for the stock crashing to execute a cut-loss when necessary, then you might as well enjoy the monitoring for a profit-taking!