curt504

I'm analyzing my own failures when I suffer losses or let gains turn into losses.

I feel what I could use from a commercial service would help alot of folks who have day jobs and can't use the eye and brain to "day trade" every holding. Not everyone has trailing stops available from their broker and OTC/PK stocks don't have even stop losses from most brokers.

At the least, might everyone benefit from being emailed, or better yet use a website that auto updates and signals when your holdings are rolling over past a stop level?

Would you find it useful to know that your stocks are being accumulated by the hedge'es or mutuals or being dropped? IE teasing this info out of stockpickr.com and letting you know?

There's so many features that a service can do that as day traders we do because we have the time in front of several screens. But if you have a day job you can't be chasing here and there from 9:30 to 4. Besides even if you don't have a day job, why should trading be a crazy chase of who said what and what's happening?

Here's my thoughts on an algorithm and how it would help the common Joe trader:

Thanks to many services there's alot of "buy" ideas out there that get sorted down via MP's method, and decent buys are made.

Another buy strategy is: coorelate insider buys from the SEC, with short ratio and general market sector rotation into this stock, yet more buy ideas. Computers and software are good at generating these leads.

Yahoo's option dragon, top institutional buys at I-watch generate hot spots and stocks that should run at least 1/2 a session to a few days.

How to keep the gains or prevent the losses?

- I find my brokers alerts to be tedious and error prone as well as QT's alerts. First you have to remember to set them for every buy/sell, which is the biggest problem.

- Alerts only offer trigger when greater/less than price, % move from last close.. I've only found real time applications like WealthLab and Ambibroker offer intra-day trailing alerts.

This is the problem! By end of day you've lost a bundle and selling at the open is the pits!

- Another issue: the sector your stock is in is going down but your stock is holding or still going up and you're thinking you're fat and happy. Not! Next you know you've gotten wacked because you didn't know your sector was going down! Or you didn't check the major indeces and they where going down. It stinks when an OTC / PK's MM runs your stock's price up and down following the DOW/QQQQ, but it's how it works!?!?! What if all of these issues where watched by a service because you can't or don't have the time?

I feel there's an opportunity here to help traders know more about their holdings so they loose less and keep more.

Thanks for any feed back or ideas?

Curt