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Users Share Their Success Stories!
My New User Story
Last Activity 10/21/2016 5:19 PM
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rural395

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Subject : My New User Story
Posted : 7/1/2008 11:49 AM
Post #2831

My first trade with Visual trader was on 5-30-08. I traded real-time because I couldn't get the simulation part to work, or I didn't understand it. Since I only had $10,000 in my account, I'm a small trader so usually limited my trades to 100 shares, 1 or sometimes 2 trades at a time depending on stock price. During the month I made a total of 31 trades. 20 were winners and 11 showed losses. For the month my total profit was $4611.50, so VisualTrader is a keeper. During that time I had CNX a couple of times for good gains, FCL and BTU for good gains, and ANR traded several times was my best gainer. I'm big on Williams %R, but have trouble seeing the indicator line because of the orange color, which I would change to something else if I could figure out how. I also put Bollinger Bands up on the chart so I can see when I'm approaching a limit to either get out or think about reversing. I also use the Stop and Reverse as a confirming indicator. Usually I find it appearing the evening of the day I start a trade. I seem to anticipate the trades with the help of Williams %R. Stocks traded during the month included PMCS, BDX, DDS, WLP, RAIL,CNX, IMO, FCL, BTU, PSUN, TRN, TLB, GWR, HAL, BAC, MGA, BRCD, ANR, NE and CX. VisualTrader seems to be very good at pointing me where to look to find good trades.
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Nathan Dunham

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Location: Austin, TX

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Subject : RE: My New User Story
Posted : 7/1/2008 11:58 AM
Post #2832 - In reply to #2831

Hi Rural,

That's great! Thanks for sharing your experience. You can change the color or thickness of the Williams%r. Just double click the indicator line itself and the settings window should open and you can change it however you like. Or you can also edit it by clicking EDIT then CHART OPTIONS click the INDICATOR tab and highlight the Will%R and choose EDIT.

You can also edit the Transform in VT to make the cilinders move up and down based on the Will%r indicator.

Regards,

Nathan
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THELGET

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Subject : RE: My New User Story
Posted : 7/1/2008 1:26 PM
Post #2833 - In reply to #2831

rural395:

Good going!

You will find as you utilize VT that it is simply the best software to enable you to see the market, react to it, and make a profit.

Tom Helget
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rural395

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Subject : RE: My New User Story
Posted : 7/1/2008 3:17 PM
Post #2835 - In reply to #2831

Thanks Nathan for the good advice. Now with the Williams %R set at purple and the Bollinger bands (lines 1,2,3) all set at yellow I can really see what's happening.
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rural395

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Subject : RE: My New User Story
Posted : 7/29/2008 6:11 PM
Post #2906 - In reply to #2831

It is now 7-29-08 so nearly a month has passed since my last update to this very good experience. This month I concentrated on trading just 1 stock that has good volatility from those traded last month to see if I could do better. Of a total 24 trades (yes 24 trades over 20 days including today). Total profit so far this month $10,729.49 still trading just 100 shares. Only 1 losing day. Smallest win just $18 one day. Most profit when I went long at the Bollinger Band mid-point at close on 7-15-08 and then closed the position and went short the next morning after the big overnight surprise. Another interesting trade of this stock was made yesterday 7-28-08 when I put in an order to buy but placed a limit order just 5 ticks above the previous days close and a sell order up near the Bollinger mid-band line at the open from 7-23-08 which was a down day. It turned out the stock gapped up and opened higher so my limit order didn't get activated until it came down and filled the gap. Then it went up a little higher than my target price so a nice profit was made all within the opening hour even though the stock ended up where it had started. So I took another long at the close and was rewarded overnight with another nice profit. The moral of this story is that if you are patient you can usually enter with a limit order at or near where you want to be and then be satisfied with a piece and not greed. So Average daily profit for this month on $10,000 account is $447.
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TP

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Subject : RE: My New User Story
Posted : 7/30/2008 7:07 AM
Post #2907 - In reply to #2831

Nice. Very nice.

Are you using leverage?

TP
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rural395

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Subject : RE: My New User Story
Posted : 7/30/2008 10:40 AM
Post #2908 - In reply to #2831

No. No leverage. I limit my trading to stocks that are around $100, so I can buy 100 shares and not worry about leverage although now I can go higher. I also look for stocks that trade more than 1 million shares a day so that I can be liquid at 100 share trades. VT helps alot along that line with the information in the popup box which is quick when looking at charts. Success continued this morning when my overnight buy at yesterday's close went up to my target at 1 tick below yesterday's high and actually a little higher. So I was out before 7am out here on the left coast. Did give up a little by not waiting until this morning's open and using a limit order since the open was actually a little below yesterday's close. But then I did buy back in when stock pulled back to near open so I reset my sell limit and am now back out again with a second profit. Total gain for the day $398 which is enough for today.
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Tony Birchfield

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Subject : RE: My New User Story
Posted : 7/30/2008 5:14 PM
Post #2910 - In reply to #2908

Hi Rural,

outstanding results and congradulations. Many folks just dream about results such as yourself. Now comes the tricky part to maintain consistency. I hope that you will find your method to last a long time. Now, the goal is to grow capital and buy more shares. And the big challenge will be not to chase additional methods.

Again, I offer congrats and just want to offer the little comment on keeping focus tight.

Take Care,

Tony
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brodistock

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Subject : RE: My New User Story
Posted : 7/31/2008 9:26 AM
Post #2919 - In reply to #2831

Congrats on your results!
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rural395

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Subject : RE: My New User Story
Posted : 7/31/2008 3:10 PM
Post #2933 - In reply to #2831

Hi Tony:
I do try to keep very focused. Back in 1996 I developed a trading method which uses 5 minute, 15 minute and 1 hour charts and trades mechanically. It worked very well trading 30 year T-Bonds, but since they trade 24hrs a day you have to be flat and out of the market to get any sleep. Since I am now too old for that grind I wanted to try it on stocks, but finding the right stock to trade was a big problem. Enter VirtualTrader. Ergo didn't take long to find a good stock. My overall goal is 30% profit per month which has more than occured the past 2 months. I wasn't sure that would be possible with stocks without using leverage. So I am far from an investor by most definitions. Trader is a better word. To me 2 days is a long term trade. I don't have enough years left to be an investor. I rather like trading for just an hour or two at most each morning and then maybe checking before the close to occasionaly take an overnight position. Now if this stock loses its volatility, I'm sure VirtualTrader will find another one for me.
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Kasu

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Subject : RE: My New User Story
Posted : 8/24/2008 2:28 PM
Post #3008 - In reply to #2933

rural395,
Are you using the real time version of the Visual Trader or the End-of-Day. Which broker do you use for your trades?
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rural395

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Subject : RE: My New User Story
Posted : 9/30/2008 7:12 AM
Post #3150 - In reply to #3008

KASU--Sorry for being late in replying to your inquiry. I have been out of touch for over a month getting open heart surgery for my wife, who is now back in the hospital with complications. To your question. I use end of day version. I'm not sure if I'm supposed to mention my broker-Scottrade-who supplies realtime data on whatever I'm watching or trading.
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rural395

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Subject : RE: My New User Story
Posted : 9/30/2008 7:19 AM
Post #3151 - In reply to #2831

KASU--I should mention that after yesterday's big drop in the DOW, I did find a stock that may be a good buy today, so use your VT.
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jarrod

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Subject : RE: My New User Story
Posted : 10/7/2008 6:19 PM
Post #3156 - In reply to #2831

Hi all,
I'm a new member to using visual trader. I got avay from omnitrader/visual trader for a while to use some other software and only lost money with it.
For about the last month I've been back using visual trader. I day trade the s&p 500 e-mini only. I set my profit goal at $100 per contract traded per day. And my daily loss at $300 per contract per day to allow some room for error. I started with a $3500 account. A small account but with margin per contract at 2250. I use 1 minute bars and trade for a .50 point profit and 1.50 stoop loss. I use the fulcrum tool. I know my losses are bigger than my profit taking but I'm just wanting to scalp a little and move on cause when you do that with more size for instance say 10 contracts it will add up in a hurry. I give myself 90 minutes for a trading session to make my profit for the day then I'm done.
For the last month I've hit my profit total everyday. Yes i've had some losing trades during the day but I've been able to recover and make goal in my time frame I've allowed for myself. Starting with $3500 at one contract traded for $100 a contract in 10 days I've moved up to 2 contracts traded now making $200 a day. Not alot of money but with a sound plan in mind within a year it will be a good sum of money a day. My longest trading day has been 1 hour so far and I had 4 losses in that time frame, recovered and made goal. My shortest time has been 8 minutes. I use my own trade plan which is a modification from a nirvana trade plan. Today on 10-7 I had 3 losses recovered and spent 25 minutes trading. Some days no losses at all are incurred. I also start at different times of the day morning, noon or sometimes at 2:00pm central time.
I'm a new trader been trading mainly options for two years now and e-minis for about 6 months. And yes starting out I lost about 10grand in the eminis until I refined my approach. I've done what works best for me as a trader and adopted it my style. If anyone would like to get in touch and talk trading my email is carb897@yahoo.com
This is my user succes story.
Jarrod Megert

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Kasu

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Subject : RE: My New User Story
Posted : 10/7/2008 10:10 PM
Post #3158 - In reply to #3156

Rural,
That sounds great. Basically you find the right stock to trade using VT and then day trade with Scottrade. Nice. Unfortunately I can't day trade. But sounds like a good technique.
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rural395

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Subject : RE: My New User Story
Posted : 11/18/2008 5:45 PM
Post #3195 - In reply to #2831

Update:--It is now 11/18/2008 We took the excess money out and on 8/7/2008 beginning again with $10,000 in account there have been 53 trades completed. Account balance now stands at $29,906. So profit of $19,906 in addition to $16,988 profits between 5/30 and 8/6. $36894 total in approx 6 months. VisualTrader continues to find the good trades.
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rural395

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Subject : RE: My New User Story
Posted : 12/9/2008 8:02 AM
Post #3239 - In reply to #2831

Further update:--It is now 12/9/08 market has not yet opened this morning.
Trading account now stands at $42,262.64 up from the $29906 back in November. Yesterday 12/8 we traded mostly Ford Stock starting out by going short just after the opening bell at $3.21. Instead of our usual 100 or 200 share trades we used 2,000 because of the low stock price. We closed that trade out at $2.92 for a profit of $540. We almost immediately went long at 7:33 at $2.92 and got out at 11:30 for a $1100 profit. We did also buy XHB at 8:35 at $12.88 but closed it at 9:30 at $13.22 for a $64.00 profit. By 11:30 it was time for lunch so we called it a day. Not a bad morning considering that we didn't risk an excessive part of our capial. Well markets will open in 1/2 hour so have to look at my indicators to see it it will head up or down today.
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rural395

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Subject : RE: My New User Story
Posted : 12/9/2008 1:27 PM
Post #3240 - In reply to #2831

This morning our profits were $1080 trading F (Ford) and AA (Alcoa) before I had to call it quits and take my wife to town grocery shopping. You might notice that the time difference between the ones I give and the Forum seems to be 3 hrs which I guess marks the west (left) coast out here and NY time. At any rate the purpose of these posts was to demonstrate that the way I trade is very simple but effective. All you need is a broker who supplies you with an easy to use interface which will give you constantly updating real time charts in your choice of time frames. I put up a window which shows my current ticker list which gives a lot of information about bid & ask, trade size, price, %up or down for day, what the various indexes are doing and BUY or SELL buttons by each symbol for immediate trading. Then in separate windows I have DAILY, 60 minute, 10 or 15 minute and 5 minute charts, all updating trade by trade or should I say tick by tick. The charts also each have a simple moving average. A couple of other tradeable symbols SSG and IWN also move with the market, IWN up for up and SGG up for down at approx 3 times the rate, or down as market goes up. Watching the activity of SGG and IWN before the market opens will also get you started off on the right foot. Sometimes I just buy SSG if everything is going down, but it is more thinly traded so you do have to be careful. One of the really good things about IWN and SSG is that they can be traded in an IRA account because you can go either way without going short. You do have to size your trades accordingly. The point is you can make 30% per month using only about 20% of capital and not even have to trade every single trading day or all day most days. So you use VisualTrader to find the industry group you like and the stock within that group that you like for trading. The best part is the method is time tested and works in any market I have traded over a 50 year period. No stops, No limit orders, just trade.
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PaddyVA

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Subject : RE: My New User Story
Posted : 12/9/2008 6:07 PM
Post #3241 - In reply to #2831

Rural, what VT transform do you find most useful?
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rural395

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Subject : RE: My New User Story
Posted : 12/10/2008 7:14 PM
Post #3242 - In reply to #2831

Paddy--I use Trend with Changes in Trend in VT and Bollinger Band Crossover, Stop and Reverse and Williams %R on my VT Charts---and on my realtime charts I mostly use Slow Stochastics 5,5 on my 10, 15, 60 minute and daily charts. I just use a simple 5 period moving average on my 5 min chart and watch for a stall.
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THELGET

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Subject : RE: My New User Story
Posted : 12/10/2008 9:33 PM
Post #3243 - In reply to #3242

rural395:

Would it be possible for you to post a screen shot of a recent trade so that we might benefit from your technique?

Thanks,

Tom Helget
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PaddyVA

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Subject : RE: My New User Story
Posted : 12/11/2008 12:24 AM
Post #3244 - In reply to #3242

Thanks Rural, I too find the Trend with Changes in Trend transform to be the most useful in VT. I've added William's %R to my chart and SAR. I too use Bollinger bands and Stochastics of various lengths, 5,3; 8,5; 2,2. For moving averages, I use mostly simple 20, 50 and 200, but those haven't been very relevant in this market where most prices are far from those averages.

Your reports are very inspiring and I appreciate your continuing updates.

[Edited by PaddyVA on 12/11/2008 12:50 AM]

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TP

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Subject : RE: My New User Story
Posted : 12/11/2008 7:33 AM
Post #3245 - In reply to #2831


I'll nominate this for Nirvana Thread of the Year.

Thanks Rural.

TP
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rural395

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Subject : RE: My New User Story
Posted : 12/11/2008 11:03 AM
Post #3246 - In reply to #3243

THELGET--Sorry! I don't even know how to post a screen shot and if I did my computer would probably freeze up since I am on a dial up service and having VT and my broker's real time up at the same time is about all it can handle. However if you are wanting to see what a stall looks like, take a look at AA which I happen to be trading this morning. It stalled at a high around 7:30Am and at a low around 8:30AM. As I write AA is up to about 10.30 from entry at 10.05
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rural395

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Subject : RE: My New User Story
Posted : 12/11/2008 11:14 AM
Post #3247 - In reply to #3246

So THELGET-- I had to take time to get out of AA as it was stalling just as I was writing. Got out at 10.29.
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