This page provides transcripts and keywords from some of our videos. The preferred way to see the videos is to go directly to our YouTube page. And see additional videos on our StockTwits page. These transcriptions and keywords are primarily aimed at helping you find a video using Google and other automated search tools.
Good morning traders. It's January 26th and we've taken a little bit of time off from posting our videos. The reason is simple. We had some actual coding to do. We have been making some improvements to our robot user interface and just today is the first good example of what we have been working on. Notice that we added the ability to separate our open positions into both longs and shorts. This allows us to more quickly and easily gauge our success in any one direction. Previously, we had to scroll up and down our open positions list to see how each stock was affecting our overall P/L. The trouble with that is that it was easy to miss things when it was all together. Having it separated really gives us a better bird’s eye view of what is going on. In addition, we added graphical P/L summary indicators. These indicators color code success in either direction and give the trader a feel for what is happening in his overall P/L. Let’s watch today’s action and see how it worked. As usual, we are running our morning strategies with 3 long and 3 short strategies running at the same time. We place limit orders to buy and short sells stock and we know that only about 15 to 20% of the orders are going to be filled. On the left hand side you see our long positions and next to them you see our short positions. In the summary window to the right, the half circle with the light green background shows the overall open P/L for the long side in graphic format. The middle with blue background shows the P/L for the all the open positions together and the right side with the red background shows the P/L for the open short positions. The graph below does the exact same thing for the closed positions. Right now two minutes and 54 seconds into the market, we are down in both longs and shorts on our open positions and are overall down, just about a point and a half. You can see we just got stopped out of a trade. Remember that all of our positions have automatic stop losses so that we do not lose too much in any one trade. It's more important to live and fight another day than to swing for the fences and be unprotected. Also, graphically I can see that that our positive trades are mostly on the short side and the long side is really mostly negative because of a big loser in CTBI. Now 4 minutes in using the graphical P/L I can really sense that the short positions that were positive are quickly turning against me and the longs are starting to pick up a little momentum. In addition, I can see from the bottom graphical indicator that all of my stops or negative closed positions have come via shorts. This is all good information for us to know as we work to maximize managing our positions. Our long positions are starting to move more in our favor and the graphical indicator helped us make the decision to do a little gray box trading and take profits on the short side. In addition, we are cutting some of the short losers to maximize the gains on the long side. This is all easier now that we can see the information better via graphical representation and better screen management. The longs are continuing to move in our favor so because we have removed all or our short positions we decided to take profit a few minutes early realizing a profit of 1.67 point or $83.69. Please stay tuned as we continue to add more features to make it easier and more effective to trade with automation.
