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i still think AI has a place in stock selection but currently more as a 'bolt-on' ( accessory )

either to compare with your ( personal ) selections every chance AI will get one or two very right ( out of five ) or as a screening tool to help whittle down the 2000 plus listed stocks to a handful worthy of deeper research ( there are still little things a human will see as red flags that AI may not .. like say heavy insider selling )
 
divs4ever said:
well good luck if you are trading currently

would be very profitable if you can get it right most of the time

i bet the active traders here are busy refining their strategies and code
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Not with me. Just recently lock in and waiting for another new deployment. That's why I never find my self got too exited with pure BO or an ordinary oscillators TS. in regards to AI, I personally still sceptical as this technology is relatively new while at the same time; it offers a new concept and assisting our coding work

Have a great holiday everyone
 

Developing a Trend-Following System​


Developing a Trend-Following System

The history of stock market trading tells us markets move in trends, with prices either moving upward, downward, or sideways for extended periods. Trend following is a strategy to benefit from following both trends in motion and points when the motion reverses.
thebull.com.au

fairly basic info , but @Skate aimed this at novices willing to learn and grow
 
What happens here?

Last night I placed a 'stop loss' on a stock at $2.95; the stock was already sitting at $3.05.

This morning it opened at $2.85 and triggered the stop loss, but the sell didn't go through.

Now it's at $2.70s and shows nil holdings on my holding page, I can't even sell it lower as it's stuck in limbo somewhere.
 
Which broker?
 
divs4ever said:
ring their support team , as i see it , yes you missed the trigger , so you should still hold the stock ( and do whatever you like with it ) OR the stock has been sold and the proceeds should be available .
Click to expand...
It just went to a normal sell order (price limit @ $2.95 ) which hadn't been there before as I checked previously, and I was able to cancel the sell order.

The stock shows up as I'm holding at this point in time.

Thanks all.
 
TimeISmoney said:
It just went to a normal sell order (price limit @ $2.95 ) which hadn't been there before as I checked previously, and I was able to cancel the sell order.

The stock shows up as I'm holding at this point in time.

Thanks all.
Click to expand...
yes , the joys ( and adventures ) of stop losses
 
I don't use Westpac as a broker.

Perhaps you could do a screenshot of Westpac's "stop loss" order mechanism, so we can comment on it.
 
Richard Dale said:
I don't use Westpac as a broker.

Perhaps you could do a screenshot of Westpac's "stop loss" order mechanism, so we can comment on it.
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The problem isn't their mechanism, it's the fact that they locked me out of accessing the stock once it triggered the stop loss due to the price limit I had set. The SP opened much lower than my set price limit, so it made the stop loss invalid. If the SP was dumping like mad, I would have lost a lot of money as I wouldn't be able to manually place another sell order fast enough.

 
It's hard to tell because there isn't enough detail in your post, but from the way you've described things:

a) Stock has traded at or below your trigger price
b) Your "limit price" is at the same level as your trigger price
c) They put in a sell order at your limit price, which was never hit.
d) You tried something different but didn't cancel their order at c) - so it was rejected.

Basically, for a gap-down event, you'll never be hit. Your "stop loss" order is ineffective.

"Locked out" means there was already a sell order already visible in the market, so an additional orders are simply denied since there's no further stock available.

Ask your broker how you could have done this differently. Consider using a "limit price" using a prior price less a multiple of ATR in order to fill your order better.

I still invite you to post Westpac's stop loss order mechanism here so we can understand how they do things.
 
A,B,C, Yes, D No. There was no option to cancel it until the system generated a sell order hours later that wasn't filled. The first thing I tried to do was cancel it in any way possible. I couldn't cancel the 'Falling sell' because it was already triggered, and no sell orders showed up at the time that I looked.

I know what they'll say: you need to drop your limit price down, or your stop loss was too high, and you should have rung us. I'll give them a ring when I can, the problem is sorted anyway.






 
As i understand it:
Your stop loss triggered with sp below 2.95, and a sell order at 2.95, per your instructions, was entered.
Not a great way imho to put a sell order as you will shot thru in a falling market with low liquidity..but this is not the issue.
The trouble is: that 2.85 sell order was not visible for a while and so could not be updated manually to a more relevant price.
It will be very hard to prove, let alone get anything from Westpac , unless very happy with the platform, maybe time to move to a better broker?
 
Chaos in Spain and Portugal with widespread power outage. When the mobile phones stop working , panic sets in .
Bit alarming that people are so dependent on their phones .
The mobile phones stopped working and nobody had any information, she says, adding: "People didn't know what to do."
Click to expand...
 
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