Trades of the Week: Jan 2 - Jan 5, 2024

I'm going to take another crack at consistently making these posts.  However, there may not be any posts during the last 2 weeks of January because I'll be on vacation in Australia & not sure if I'll make any trades.

As before: My goal here is to show a bit of my process and the scans I use to find these trading candidates.  They certainly won't be the best trades one could have possibly made, it will just highlight those I found and chose to take

Lessons from My 2023 Trading Results

I want to share what I’ve learned from my 2023 trading but first I’d want to zoom out to a longer term view. Here’s a chart of my trading account’s returns since I moved to Interactive Brokers in 2015:

You Can Now Sync Schwab, E-Trade and Vanguard Portfolios!

Interactive Brokers Portfolio Syncing No Longer Supported

There have been some recent developments with Interactive Brokers that affect our ability to continuing servicing IBKR accounts over the SnapTrade API.

Interactive Brokers has made it clear that they have no interest in working with SnapTrade or any other 3rd party API aggregators to facilitate connections to their trading API. Even for partners who have their own IBKR keys, they have asked us not to intermediate the connection. Their suggested path forward is:

1) All apps get their own IBKR keys subject to a compliance review, and
2) All apps build their own direct integrations with IBKR's trading API.

This is a disappointing outcome for us that we believe is not in the best interest of IBKR customers, but at the end of the day IBKR is in complete control of who connects to their trading API. In response to IBKR's request, we have disabled all IBKR connectivity for all SnapTrade partners...

Why SwingTradeBot's ADX Values May Differ from Those of Some other Financial Sites

An exploration of how SwingTradeBot calculates its ADX indicator.

Trade School: Exploring the Impact of the Bearish Engulfing Pattern

Here's another really good video from Dr. Duru. In addition to doing an insightful technical analysis review he also shows how he uses the following SwingTradeBot features:

Managing Your Watchlists

Duru has posted another video, this time showing how he cleans up (manages) his SwingTradeBot Watchlists.

Video: Technical Analysis with SwingTradeBot

Over the weekend my good friend Duru posted a video (on his "Dr. Duru Diagnoses Markets" YouTube channel) of his stock screening process using SwingTradeBot.  I think it will be helpful to those new to the site and/or new to technical analysis.

New Scan: RSI Crossover

I recently added a new scan which find stocks with RSI (14) crossing above or below a specified level.  For example, stocks with RSI crossing below 70 or crossing above 50.

That scan is located in the "Relative Strength" scans category which can be reached via the Research menu -> End of Day Scans -> Scans By Type

State of the SwingTradeBot Mobile Apps

>Earlier today someone asked me: "you ever thinking of updating your android app?".  Here's the TL;DR answer: