TI Beginner

[symbios]

I just subscribed to TI this month and am still trying to digest the huge amount of information that I received. Looking at the Market Updates, I was thinking how the rest of you guys start getting into the recommended plays.

Do you just setup a GTC order immediately? Or create a alert at the top of the entry price? Do you only enter new plays or do you try to get into the ongoing ones? Enter slowly play by play or try to enter multiple ones at the same time? Any additional tips for someone who just joined?
—————————————————————————————————————————————————————
Summary

1. Experiment with small amounts; TI can be used in many ways.
2. Use a spreadsheet or stock alarm software to track and alert when plays are near the entry price
3. Don’t lose the position even if it’s in the red as long as Market Updates is still holding it
4. Sell puts and collect some premium for plays that are hovering above entry price. If puts become ion the money, it would effectively be the same as buying it at the put strike price. (I like this idea! Thank you Triplethought!)

[Yodean]

Go slow. There isn't one way to use TI. Experiment with small amounts of money first. There will always be more opportunities. Develop your own style over time. Almost everything you mentioned is reasonable.

[Budge]

Welcome aboard symbios. First off, just follow Sol's plan. Once you get really comfortable with it then you can try experimenting, if you feel you need to.

I set up an Excel spreadsheet, one page has the Trend stocks, buy prices and how far off they are from current prices (both most recent and the low). Once they get within 10%, I'll set up a limit order. This keeps things fairly manageable as you'll be cancel/replacing your orders as Sol issues updates.

The second page has a portfolio function from a program called "SMF Add-In" (check Yahoo or Google discussion groups). SMF captures the data from Yahoo Finance and updates the portfolio whenever you reopen the file. It feeds the stock data into the Trend spreadsheet.

https://ibb.co/pwVwbq0


https://ibb.co/3CMF7kS

[Investor87]

I use google sheets. For example put the ticker symbol in A2 and then the formula =GOOGLEFINANCE(A2) in B2. Works great, most of the time. It updates every 20 mins I believe.
In C2 put in Sols recommended entry price and then in D2 put the percentage away from the current price. =(C37-B2)/C37 I also messed around with conditional formatting to make the percentage turn green when it is time to buy.

[symbios]

Big thank you to everyone for sharing their thoughts and methods. It seems that tracking via a spreadsheet seems to be quite common. I’ll start looking into that.

Any tips, thoughts, methods or lessons learnt are highly appreciated!

[AstuteShift]

Honestly i use the stock alarm app, put in all the plays and wait for prices to come

I always make sure to leave a small note to which section of the play is and then decide whether to be in it or not

This trains you only to buy at the best possible prices with the lowest amount of stress

Spreadsheets give me migraines however I do use tradervue to track my performance and journal my emotions in each and every trade

I’m more on the MP and emotions/sentiment side compared to the analytical and raw numbers

[Eric]

If Market Update is still holding a stock, don't sell it for a loss just because you're sick of seeing that big red line in your brokerage account...I'm looking at you SMG...

[Triplethought]

I just subscribed to TI this month and am still trying to digest the huge amount of information that I received. Looking at the Market Updates, I was thinking how the rest of you guys start getting into the recommended plays.

Do you just setup a GTC order immediately? Or create a alert at the top of the entry price? Do you only enter new plays or do you try to get into the ongoing ones? Enter slowly play by play or try to enter multiple ones at the same time? Any additional tips for someone who just joined?

I also setup an Excel spreadsheet that has the % difference off the recommended buy prices (a1-a2/a1). I setup a rule to turn them green below 10% If it's within about 10% I make sure to put a limit order in. if it's 20 to 30% I don't bother. Since I learned about selling puts sometimes if I'm tired of seeing a stock that won't go down and looks like I'll never get in I try selling a put so I can make money on it anyway. But I always allocate funds from my cash account in case the put executes.... so I know I'm going to have enough cash to buy the stock if it does go down (A PUT is a promise to buy the stock at the lower price named (the strike price) by the date specified. I imagine the person buying the put is hedging his loss in case the stock crashes... It means I buy it at the lower price (strike) and they get out (kinda like a guaranteed stop limit for them). The danger is if the stock really crashes I might have to buy it significantly below market value.

[gnosis12]

If Market Update is still holding a stock, don't sell it for a loss just because you're sick of seeing that big red line in your brokerage account...I'm looking at you SMG...

The same principle applied to CUB. I was in the red for a while with it but I kept adding to the position and then the stock took off. The same appears to be taking place with AIN. For now I am focusing on the Main trend plays and dabbling in a few options. Very happy with the returns so far

I also use the stock alarm app. Creating spread sheets and monitoring seems a bit too much work for me. Sol stated we should learn to enjoy investing and I am looking for ways to make it easier and not more complex. I also look at all the plays issued then select ones that appeal to me to focus on, so this makes my list a bit smaller.
I just allocated some funds to a small aggressive portfolio that will focus on options with 7 to 12 months of time premium on them.

[MarkD]

I just began to use My Stocks Portfolio & Widget on Android 11. Works really well. The broker service at TDAm sent me delayed alerts so I was not very successful using that method.

Every stock and ETF I am following from TI (and other picks I follow) are in the ACP section of Stockcharts.com, which I have used for many years. The combination is extremely effective at allowing me to visualize price behavior. Still learning but Sol's product is solid.

[stefk]

Sol is expert in tracking down the trends. You chose some proposed plays in this trends, and you go with it without stress without panic. It is very simple. The new big trend now is the AI. Chose some plays at a good price in this sector, and let you drive......very simple

[Pipedream]

Recently I discovered ARK Invest. They have a stable of ETF's all of which are focused on disruptive technologies. As ETF's they have had a great track record, but what I love about them is the transparency of their operations. By signing up with your email, one can receive daily reports of all trades in each ETF fund. Every week they provide a report on all trades which had an increase/decrease of 15% in any single day during the past week and they explain what happened. In addition you can submit questions and participate in their monthly and quarterly online review sessions.

I follow the daily buy sell reports just to monitor what and how they are trading. Buy the dips over several days, sell the peak over several days, and I research each of the new additions. There are fascinating stories regarding the interrelationship of so many of these technologies.

So much to be learned.

[Ouroboros]

I'm not sure whether this is correct thread for the question, let me know if this should be a separate topic.
The deal on AI trader expires in a couple of days, and I wanted to ask fellow service users, whether they are "happy" with it.

(Found no references to any AI-generated plays, so it's quite hard to make an informed decision..)
Any information will be appreciated,
Thanks.

[Pipedream]

I also have not actually found any new information on the AI trading section, if there is one.

[symbios]

I’ve signed up for the AI service. It has a separate forum which is more active than this one. It seems that most old timers have been hanging around that forum. That should mean something I guess.

Anyway, AI service is similar to the Market Update service but mostly concentrated on tech(AI) stocks. I have no results to share though as I have only opened my first AI position last week. Perhaps others could chip in on this one.