Data Analytics - Kansas City - StockMarket

Participate in r/RealDayTrading’s Weekly Thread: 5 Tips for Learning, Sharing Strategies, and Engaging with Traders

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<>- Live trading – Weekly Discussions threads

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Data Analytics - Kansas City - StockMarket

Multiple Positions vs Fewer Trades: Balancing Risk, Opportunities & Trading Goals for Success

Hello. I understand smaller queries should be posted in the weekly lounge, however I think this will result in more of a discussion, hence a larger post. I have seen a wide range of strategies on this sub, from people taking from 1 all the way up to 20 trades per day, and as I have started paper trading myself, was wondering the advantages / disadvantages of these different approaches. Firstly, why would having multiple positions open at once be favourable? Is it the fact that they all have RS/RW so you are less likely to be dragged by the sector or the market due to a spread over many assets? I was thinking an advantage of having less positions open means that if a large unexpected news story hits (war, invasion etc.) it is easier to manage the positions accordingly. Finally, I was wondering if the better traders here always have a long short bias. On a choppier day would you be comfortable having equal longs and shorts as opposed to having a bias in one direction?

submitted by /u/Nice_Warthog

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Data Analytics - Kansas City - StockMarket

Earnings Season Swing Trading: Using TC2000 Smart Watchlists to Stay Informed & Manage Risk

Now that we’re in earnings season, I wanted to share a quick TC2000 tip for staying aware of upcoming earnings releases for stocks within the same industry of a specific stock. This is particularly useful if you are swing trading during earnings season and want to make sure you do not hold a position through potential earnings-related volatility.

The TL;DR is as follows:

Create a new watchlist via Watchlist → Industry. This will create a “smart” watchlist that populates based on which stock you currently have selected. In particular, it will display all of the stocks within the same industry as your selected stock. Add a “Next Earnings” column to your watchlist and sort it so that the nearest dates are at the top. Now you have a smart watchlist that tells you which stocks have upcoming earnings within the same industry as your selected stock. I created a YouTube video of this process here if you’d like to watch: https://www.youtube.com/watch?v=qww4-stWA8s

submitted by /u/pbogatsky

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