More entry rules - trail entry, near session high, top gappers
TRAIL ENTRY buys a lift of Lift off low percent off the day's running low. Arm after pullback makes it wait until that low is far enough under the day's high. The stop loss goes in with the entry. On the short side, it shorts a drop off the running high instead.
In this video
The 30-second version
The same topic in thirty seconds, made for a phone screen.
Both videos use the desk in paper mode with made-up symbols and prices.
Read the transcript
TRAIL ENTRY
TRAIL ENTRY buys a lift of Lift off low percent off the day's running low. Arm after pullback makes it wait until that low is far enough under the day's high. The stop loss goes in with the entry. On the short side, it shorts a drop off the running high instead. The running low ratchets one way only, so it never moves back up.
NEAR SESSION HIGH
NEAR SESSION HIGH enters when price comes back to within a percentage of a session high it had pulled back from. A brand-new high never fires it: it is the return to the level, not the break. For a short, NEAR SESSION LOW does the same, near a low it had bounced from. Within percent sets how close counts as back at the high. It also sets how far price must first pull back, so the setup exists.
TOP GAPPERS only
TOP GAPPERS ONLY, on the long side, only trades stocks inside the top N of the top gappers list. On the short side, EXCLUDE TOP GAPPERS refuses to short the top N, the strongest names, which tend to squeeze. Each side counts to its own number. A stock not on the gappers pane at all is not refused by the short rule.
The list they read
Both read the same top gappers list you see in the GAPPERS window, so you can always check which names count as the top, right now. The list shows the biggest gappers that pass the same filters, sorted by gap.
Mix and match
Several rules can be on at once. Some exclude each other, and the window stops you ticking a combination that contradicts itself. As always, try a combination in paper before trusting it.