The Buy/Sell formula is:
(C-C1)/C1*100 + (C1-C2)/C2*100 + (C2-C3)/C3*100 + (C3-C4)/C4*100 + (C4-C5)/C5*100 + (C5-C6)/C6*100 + (C6-C7)/C7*100 + (C7-C8)/C8*100 + (C8-C9)/C9*100 + (C9-C10)/C10*100 + (C10-C11)/C11*100
If the previous day is negative and the current day is positive you BUY at open and if the previous day is positive and the current day is negative you sell at open. Pretty simple. I will be writing code to validate the data results.
Created a new layout called RoC. It’s all about Rate of Change. It’s impressive. I also ran into a website I like called https://portfolioslab.com/ and I think that it deserves further attention and a one-month trial membership that can be had for $19. It might be worth spending a month studying it simply to help me learn more about portfolio management.
CEF Buys Today: SRV * (12.41%); RIV (12.26%); WDI (11.84%); BSTZ * (11.78%); GCV * (Quarterly – 11.79%); AVK * (11.30%); AGD (11%); NCV (11.03%); CHY (10.95%); GLO (10.81%); DSL * (10.59%); GLQ * (10.53%); JOF * (9.94*); LGI * (9.87%); VLT (9.87%); IDE (9.58%); GHY * (9.44%); TEI * (9.25%);JGH * (9.15%); GAB (Quarterly – 9.82%); NFJ (Quarterly – 9.33%); BGH (8.97%); Last BSTZ Sort Cnt100D
(1) Go to Zacks and get a list of the stocks that are reporting earnings AMC this day and BFO tomorrow.
(2) Use Notepad++ to make a list of stocks for the watchlist. You can also download a CSV file from Zacks to put into a spreadsheet if that works better for you.
(3) Use TEMP (or some other watchlist) as a watchlist in thinkorswim TOS and place the stocks in the watchlist. Then go thru them to see which ones had a 7% or more as the Market Maker Move. You can verify this percentage with https://marketchameleon.com/Calendar/Earnings?d=20191029. Change 20191029 to the correct date. Go through the stocks one at a time trying to find the best deals for an iron condor or an iron butterfly.
(4) Be sure and check the chart.
(5) You can also place the watchlist in a live TOS (not paper) and export it to a spreadsheet where you will have all of the data at your fingertips for a quick decision. However, usually the list will be short enough so that it will take little time to evaluate the list.
