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Welcome to another issue of me showing you how to utilize Trade-Ideas in various ways and giving you some practicle examples on using analytics. Let's talk about what you are seeing in front of you. On the left-hand side you can see a new way of looking at the data called "Quantalitics." This is a unique way of tape reading that gives you a feel of how and what you should be doing in the market. You can also see on the right hand side that I am showing you several positions. (gives examples). Underneath, what you see is a positions monitor window that is monitoring these stocks that I have positions in and giving you relevant information as it's happening now. It doesn't matter which way up or down, this is just helping me understand what's going on. I take all of this information as a whole and then I try to make decisions based on what I am seeing combined with the tape, watching P&L, and looking at the open positions monitor. We started the day around 2k and we are now in the 57k area. You can see also that right now there isn't much motion. There's red coming in bunches and greens coming in bunches. So, there's almost an even match between the bulls and the bears. Overall, I like what is going on with my P&L because I've picked the right direction and luckily that's paid off for me so far. (gives examples) All of this is designed to work together to give you a sense or feel to what is going on. Sometimes you can see that the market is stronger than your portfolio which is hopefully going in the right direction. All of these things go together to give you a sense of what to do. What I'm going to show you now is something that everybody whose taking trading seriously or trying to get more alpha out of the market. Watch what I'm going to do in terms of how you take a little bit of risk off of the table. You always need to know when enough is enough. I'm doing well in these positions, I like to see if I'm getting as much out of the trend as possible. Take a look at MSFT, nice 700 dollar move, I'm going to take half of the profits in it since its the biggest position I have and I'm doing it into momentum. I press the "half" button and instantly that sends an order and now I realized half of the MSFT gains and let the rest go. This is just to lock some of it in. Not only did I get a sense and feel for what is going on, I act on the data and I don't hesitate minimizing some of my risks. The other thing is, notice how you don't see the symbols. That's part of it, you aren't suppose to see the symbols. You are seeing the overall feel of the flow (colors) and then you are seeing the information like where the elements are in their ranges. You need to react to this almost on a subconscious level. Trading is part art, part science. The execution is an art form; you have to do it and act. For me, the successful way to do it is to make sure I'm watching the most interesting and innovative ways to see market data and I'm instantly able to sell half of my positions with the click of one button. These are good ways to interact with technology and your trading environment ultimately leads to capturing more alpha.
