I haven’t done any testing on longer time frames. But it is an area I’m interested in developing.
0-3 day plans should be ok, as long as there is directional momentum and you modify the target levels to account for more range. I mostly hold for about up to 2 hours, sometimes all day, and occasionally up to 3 days on high conviction momo trades like SMCI from 980 to 1200.
the challenge I’ve run into isi often find trades where I can risk $1 to make $3-10. So the need for swinging and carrying over night risk has not been there.
One of the key aspects for why the planner works well is that it use the levels from my watchlist so if the stock you are interested in isn’t on my watchlist a process for adding the stock and levels would need to be created.
That said I would love to speak to you about your use case and flush out requirements and testing procedures for it.
Thanks for your response. Let me sign up for Trade Planner and work on it. Once I have some experience with tool, I will discuss with you about longer term levels and user requirements. Primarily, I believe long term (weekly/ monthly) this will be helpful for people who are doing day jobs and this Trade Planner is investment in auto pilot for them, with clear entry, exit and stop loss. To start with, if the system can only indicate T1 and SL, that would be super and amazing tool for traders. Say if Trade Planner can indicate entry price for weekly expiry $SPY is X and SL is 0.5X and T1 is 2X. This will differentiate Trade Planner with any other service available today. Happy to collaborate with you in both requirements understanding and testing.
Thanks for giving an opportunity to give my thought.
It has helped me plan my trade today , I am loving edge planner !
Does the edge trade planner only work for day trade or it can also work on weekly/ monthly calls?
I haven’t done any testing on longer time frames. But it is an area I’m interested in developing.
0-3 day plans should be ok, as long as there is directional momentum and you modify the target levels to account for more range. I mostly hold for about up to 2 hours, sometimes all day, and occasionally up to 3 days on high conviction momo trades like SMCI from 980 to 1200.
the challenge I’ve run into isi often find trades where I can risk $1 to make $3-10. So the need for swinging and carrying over night risk has not been there.
One of the key aspects for why the planner works well is that it use the levels from my watchlist so if the stock you are interested in isn’t on my watchlist a process for adding the stock and levels would need to be created.
That said I would love to speak to you about your use case and flush out requirements and testing procedures for it.
Thanks for your response. Let me sign up for Trade Planner and work on it. Once I have some experience with tool, I will discuss with you about longer term levels and user requirements. Primarily, I believe long term (weekly/ monthly) this will be helpful for people who are doing day jobs and this Trade Planner is investment in auto pilot for them, with clear entry, exit and stop loss. To start with, if the system can only indicate T1 and SL, that would be super and amazing tool for traders. Say if Trade Planner can indicate entry price for weekly expiry $SPY is X and SL is 0.5X and T1 is 2X. This will differentiate Trade Planner with any other service available today. Happy to collaborate with you in both requirements understanding and testing.
Thanks for giving an opportunity to give my thought.