Tuesday, February 26, 2008

Coming Back? Returning Traders Guide to Trade-Ideas

"Yeah we tease him alot
cuz we got him on the spot, welcome back.
Welcome back, welcome back, welcome back." Welcome Back Kotter Theme Song

Often Trade-Ideas and our subscribers resemble the local neighborhood bar. The locals there everyday collecting their mail. The casual drifters. The frequent regulars. Many start as one type of customer and switch to another. We keep the taps clean and the information flowing - whoever we are serving.

Are you a customer coming back to Trade-Ideas after some time off? Could have been with another set of tools; getting more education; raising more capital - we won't ask any questions. Instead here's a guide to help you so you don't skip a beat. It comes straight from a IM session:

Welcome Back! Remember to sign the exchange agreements
(12:13:20 PM) bricerator: hey there. U have time for a quick setup question?
(12:14:30 PM) David: i can anticipate the question
(12:14:34 PM) David: here's the answer: http://www.trade-ideas.com/AdvancedFeatures.html(12:14:46 PM) David: visit the Entitlement section and fill out the exchange agreements to see the symbols on that exchange - that's something new that previous customers did not have to do.
(12:14:56 PM) bricerator: I did that
(12:15:05 PM) David: oh ok. Well done.

Quick Answer to How You Find Fast Moves with Trade-Ideas
(12:15:35 PM) bricerator: I just want a list that shows 1, 5 and 10 minute fast moves
(12:16:04 PM) bricerator: how can I set that up?
(12:16:19 PM) David: look at the intermediate running up alerts
(12:16:42 PM) bricerator: where is the alert section?
(12:17:04 PM) David: http://www.trade-ideas.com/Help.html. You can also use our filters on the 1, 5, 10 minute candles - for instance show me all stocks with a 5x higher than normal volume on the last candlestick
(12:17:20 PM) bricerator: oh I like that too
(12:17:20 PM) David: right click and select Configure - you'll see the series of tabs
(12:17:33 PM) bricerator: oh ok

We're Constantly Improving the Product - How to Catch Up
(12:17:47 PM) David: a lot has changed since you last used the tool
(12:17:54 PM) David: look at our video for some overview
(12:17:55 PM) David: http://www.trade-ideas.com/VideoHelp/Menu.html - new videos get added all the time. For example new videos are there that demonstrate our automated trading capabilities
(12:18:27 PM) David: also glance at what we've added since your last use: http://www.trade-ideas.com/WhatsNew.html
(12:19:29 PM) David: Since you are a paying subscriber, let me also give you an email to our Director of Education, Jamie Hodge. We give a 1-hr, 1 on 1 training session to anyone who subscribes
(12:19:38 PM) bricerator: k
(12:19:45 PM) David: to get the most out of it; you should familiarize your self with the videos first before contacting Jamie
(12:19:52 PM) bricerator: k
(12:19:56 PM) David: his email is tradeideassupport@gmail.com
(12:20:12 PM) David: just give him 2-3 times that are most convenient for you and he'll schedule you
(12:22:38 PM) bricerator: k, I will watch video and get with jamie. Thanks!
(12:22:48 PM) David: ok

Welcome Back!

Friday, February 15, 2008

NY EXPO Attendee? See a Pro Use Trade-Ideas

UPDATE: Here is Dave himslef talking about his presentation: http://blog.stocktickr.com/2008/02/08/presentation-on-automation-at-traders-expo/

If you are attending the upcoming NY Traders Expo beginning Sunday and lasting until Tuesday next week, you'll want to see one of our subscribers, Dave Mabe of StockTickr, use Trade-Ideas to fatten his portfolio. Dave is one of the nicest guys you'll meet in a place like this or anywhere else. What you see is what you get with this guy. Here's what you'll see:

This session will explore how discretionary traders can use technology to automate much of their trading routine without necessarily automating their actual orders. There are huge benefits to using automation without having a computer actually "pull the trigger" on your trades. Automating your daily trading routine will make you more efficient, allow you to find and trade more opportunities, and give you more confidence in your trading system-all while doing less work. This session will cover various tools and APIs that can be used to let a computer do a surprising amount of your trading grunt work, freeing your time for higher-level pursuits.

#1 reason why Trade-Ideas clients shouldn't miss this:
See how a Trade-Ideas power user gets the most out of Trade-Ideas.

Here are the details on when he'll be speaking:

Monday morning at 8AM - bright and early.

Related Information

Here is the transcript of Dave's conversation with our Partner, Dan Mirkin:

Monday, February 11, 2008

Option Traders Will Love These New Filters in Trade-Ideas

Trade-Ideas expands the list of ways to describe an option trader's universe with 6 new filters.

These filters are in their final testing phase and will soon go live. When they do subscribers will simply see them appear in the list under the Filters tab in Trade-Ideas PRO. And you thought you had to download a new version to see them. That's so 90s, dude.

Min Option Volume
Max Option Volume

These filter stocks based on the number of option contracts traded on an average day. This includes both puts and calls.

Units: # of Contracts

Min Option Volume Today
Max Option Volume Today

These filter stocks based on the number of options traded so far today. You can filter stocks based on the exact number of contracts they've traded today. Or you can compare the number of contracts traded today to the number of contracts the same stock usually trades in an entire day.

Units: # of Contracts
Units: as a % (e.g., 400% would mean trading 4x its normal amount)

Icons based on put/call ratio and others we already have.

If you have an idea about a strategy you'd like to see with these new filters, please leave a comment below. We'll add OddsMaker credits to everyone who responds!

Thursday, February 07, 2008

Trade-Ideas in Your Town: What Smaller Events Can Teach You

You have 2 opportunities (one in San Diego and the other in Phoenix) to get some great education and learn not only about how to use Trade-Ideas more effectively with your trading plan, but you'll also have the opportunity to see how our latest tool, the Automated Trading Bot, automates a trading plan with OptionsXpress.
  1. February 23, 2008 9:00 am - 4:15 pm Hilton San Diego Mission Valley
    (619) 543-9000 901 Camino Del Rio South, San Diego CA 92108 (FREE workshop)
  2. March 14-16, 2008 Arizona Grand Resort (888) 216-4837
    7777 South Pointe Parkway, Phoenix AZ 85044 (fee to attend)
Smaller, Frequent Broker Events Offer More Education than the Big Tent Expos: A Trend That Will Stick?

You and I, dear reader, are in the middle of some interesting, exciting trends affecting ongoing education, good technology and good partnerships.

We are seeing a move away from the big trader's conferences where every large and small broker meets under the tent, throws a booth together, and shouts/hollers/grabs for your attention. In its place are more organized, more educational settings sponsored by the individual brokers. In these settings the brokerage invites its best customers and interested potential customers for a half-day of deeper dives into their offerings, their tools, (and in the case of Trade-Ideas) their partners who offer powerful ways to improve trading and service capabilities.

More and more brokerages are realizing that the best thinking on how to improve their platforms and tools is NOT within the 4 walls of their development team. The best are embracing what smaller, nimbler, more innovative firms are creating and actively reaching out to integrate their capabilities. Let me just say that our "engagement calendar" has been busy lately.

The Brokers Drinking the Right Kool-Aid

E*Trade has done this for awhile; Scottrade did several of these last year and with an overwhelming response are planning many more this year; TD AMERITRADE has begun scheduling theirs for 2008; and OptionsXpress' conferences are already upon us. Want to attend but you are not a customer? Any branch manager or customer service representative always wants a potential new customer. Simply tell them your account balance and ask for an invitation.

My Take

I think this trend of more educational settings will stick because the brokerage ultimately gets to control the message more effectively than under a tent with all the competitors shouting in the background. Additionally these smaller brokerage events are more numerous and spread out around the country. One of these will very likely be within 100 miles of you. This may or may not mean the death of these Trader's Expos like the one in New York later this month, but that's not where the best value for one's time may be.

Here is the link again to the first event in San Diego: http://www.trade-ideas.com/optionsXpress/SD_Workshop.html