Thursday, August 13, 2015

process

Windows 10 is SO weird. I hope it doesn't get even worse.

Here's the new program: go to Finviz and look at charts for the biggest losers and gainers (listed on the home page, with the % gain or loss ... not all of them are listed as biggest losers or gainers, but you can see the % change numbers).

For charts, go to MarketWatch - Finviz charts are kind of useless.

Here's the important part: save screenshots of the charts. Print the screen, paste the image into Paint, and save in a folder called rational_adventures. Save using the file name yyyymmdd(dow)hhmm_symbol. Save as a png. Before you start, save a screenshot of the Finviz page, using the same date format. (dow is the day of the week, m, tu, w, th, f, sa, su. don't put it in parenthases.)

Now you've got a complete record of new additions to your watch list. I'm not saying anything about how to interpret the patterns, here. I'm not sure how to approach that, but I'm looking at ten year daily charts, then shorter term daily charts to focus on the nearby pattern, if necessary, and then ten day hourly and or five day 15 minute charts or even two or one day one minute charts, and looking for opportunities.

Next, when you're done collecting new stocks for the watch list, double click on a file to bring it up in the Windows Picture Viewer and make a copy in a folder called adventures. Switch the file name around so the symbol is now at the beginning, and the time stamp follow after it.

The two files, rational_adventures and adventures, now comprise, respectively, a history of your additions to your watch list and a history of the patterns each stock on your watch list made since you added it. You can use the history to review your watch list. In File Manager, double click the first file in rational_adventures to start a slide show in Picture Viewer, and then you can click through all the stocks. Get a fresh chart for each one at MarketWatch. Now, if the new chart is interesting, add a new screenshot, or a new set of screenshots, to the record for that stock in adventures, using the symbol_yyyymmdd(dow)hhmm format for the file name, and the current date and time when you are adding the chart.

See how this works? Now you can go to adventures in File Manager, double click the first file for a given symbol, and you'll get a slide show for the history of that symbol in Picture Viewer. Just to be really complete about this, if you think a chart represents a trade, you could add the word _trade to the end of the file name in adventures. Then, in File Manager, when you look at a list of files for one symbol, you'll be able to see which ones initiated trades. Maybe instead of _trade you could use _buy, and then if you add a screenshot for a sale (actual or on paper), you can label that one _sale. And if, after a while, adventures becomes overburdened, too many files in it, you can move completed trade histories into a completed_adventures folder.

Now, when you do your periodic review of the Finviz home page for new additions to your watch list, you don't want to add duplicate symbols. See, rational_adventures is your watch list, but it's not organized alphabetically, it's organized by date. I'm starting a list of symbols on my watch list, here, which I'll alphabetize, as I add new symbols, so I can check here first, to see if a symbol is already listed, before I begin the process of adding it to rational_adventures. Rational_adventures now looks like this, in File Manager thumbnail view: an image of the Finviz home page marks the beginning of a session there, and then it's followed by charts for each of the new symbols. When I'm done with a session of adding new symbols, I move (copy, that is) the charts for the new symbols into adventures, as described above.

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