" The only source offering daily stock picks from TSE, CDNX, NASDAQ, AMEX and NYSE for active trading."
Questions on Active Trading Global Daily List
Do I buy at the ENTRY price on the list?
The entry and stop prices are suggested prices only. It is up to you to decide on the most favorable entry. For example, assume stock ABC is a BUY in today's list, and we recommend an entry price of 4.6 . Now, if tomorrow stock ABC opens at 4.7 and quickly pulls back to 4.5, then you must be patient and wait to determine the market direction for this stock. Often, you'll find that stocks on our list will move in the predicted direction but sometimes they may move against our signal. Take advantage of this if you can tolerate the risk and try to get in at even a better price than our recommended entry. We do not recommend putting advance orders at night since the risks are much greater. Also, if something is obviously wrong with the stock (due to new information that was not known the day before, such as a profit warning), then avoid the stock completely.
When do I sell?
We provide entry and stop points only. After a position is taken, we recommend our subscribers to "trail" the stock price rather than taking profits at arbitrary points. In other words, just move the stop price up as the price moves; this way you keep the position open and maximize profits. Stops are good since they'll take you out if the price turns around and minimize your losses.
What does a SELL on the list mean?
The SELLs in the list are "brand new" SELLs (or SHORT SELLS). They are not sells for the stocks purchased from BUY signals. The SELL signals are generated just like the BUY signals, daily by our computers. There are three things to do with a SELL signal:
It seems I am carrying some trades overnight. How do you protect yourself from a large drop in the first minutes on the next days opening?
This really depends on the stock. Sometimes a given security will exhibit extreme volatility (due to a news release, offer of warrants, additional dilution, financial statement or a new product). Whatever the reason, if you believe in what the company does and you did your research before buying in, you can relax the stop point to allow the stock to react to the news. You can carry positions overnight as long as you are familiar with the trading patterns of the stock. Technology (and biotech) stocks tend to be more volatile than, say utilities or financials. So, if you're in a "popular" technology stock and you like the company, you can put a stop at 15% of the current price tonight. Some traders use only mental stops; to do this you must know what you're doing and be ready to see paper losses larger than 15%.
Are your recommendations based solely on technical analysis or is there access to other information?
Our lists are generated everyday from a pre-programmed list of technical criteria. One such list is generated for each exchange as soon as closing data becomes available (usually by 6:30-7:00 pm CST). We do not have access to any other information. The BUY and SELL signals are nothing more than a result of a series of mathematical calculations. We have no opinion on stocks that appear on our daily lists. Although in order to make it to our list, the stocks are filtered through a number of technical analysis criteria, we always recommend our subscribers to do their own research or consult a financial advisor before taking positions.
Are all your sell recommendations available to short?
We cannot guarantee there will be shares available for shorting, you'll have to check this with your broker.
On day ONE you recommend a BUY at 5.75 with a STOP at say 5.35. On day TWO you recommend a BUY for the same equity at 5.35 with a STOP at for example 4.85 . If I buy on day ONE's price should I change my stop to the STOP price recommended on day TWO ?
Sometimes, the same stock may appear in our list on consecutive days with different suggested ENTRY and STOP points. For example, a stock that our computers pick because of an "oversold" indicator, may continue experience further price drop. Although, the subsequent price drops are not as significant, it is still disturbing that a stock you bought continues to decline. In such a case we recommend you to stick to the new STOP point. Most likely, you will have an opportunity to exit your position with a profit in the next few weeks. Alternatively, you can put a stop-loss once the price exceeds your entry by an amount that you're comfortable with.
If I follow your recommendations and short a stock first thing in the morning I have found that I can take a 2% gain in the first hour of trading. This is however on paper. How will my short of $ 5,000.00 per stock say on a $2.15 stock effect it generally?
Stocks listed on our daily lists among many filters are screened with respect to liquidity. We ensure that our clients only trade in highly liquid stocks relative to the exchange they are trading on. This means that if you short on NASDAQ, you can be assured that your short will not affect the market since NASDAQ stocks are filtered so that their 50-day average trading volume is measured in several millions. On TSX this is less -currently set at 200,000 shares (based on a 50-day average of daily volume). Again, your shorting of the stock will not affect the market. Of course, if you are shorting 50,000 shares of a company which trades 200,000 shares a day on the average you will affect the market. But in your case, this is not possible (since you've shorted only 2,000 shares).
It is wise that you are trading on paper. Please note that shorting is a very risky activity - something that a very seasoned trader would do. If you're new to trading, we do not recommend shorting at this point.
I was wondering what is the average wait time you expect your customers to wait after your buy signal, before they exit? I know it varies, but i am asking just to get an overall idea.
On the average we'd expect a position be closed within 2-3 trading days. As you said, there are exceptions.
I bought BBd.b today for 10.35 as you adviced. Will you be letting me know when to sell and what price to sell this stock or have I got to determine this by my self? How do we determine when to sell and at what price?
As you'll soon discover it is much harder to control one's emotions and decide on when to sell - the very question you're asking. For this reason, we also provide a stop-loss point for every pick we have. Please check the suggested stop point for this stock on that day (just check the list on the day this stock appeared - there should also be a suggested "stop" price). If the price goes up, you increase your stop. This is called "trailing the price". For info on how to put stop-loss limit orders and "trailing" a stock price, please visit the following pages:
Stop loss orders
Trailing a position
1. Should I have tightened the stop and if stopped out, re-enter? 2. Should I have permitted the price to drop further beyond the posted entry given that this was a reversal (had climbed from $74.56)? If so, by how much?
As a confirmation of our predicted direction, please take the trading volume into account as well and don't go just with price movement. This is probably one intraday confirmation tool you can rely on to confirm direction - there are others. I would suggest to subscribe to a service providing intraday RSI signals as a second confirmation tool. You can read about RSI signals more online - it is very powerful.
What are the properties of the stocks that make the shortlist. What have they been screened for?
The stocks are pre-filtered through price (eliminating penny stocks), volume (moving avg) and tick volume (again moving average). This reduces the list from a several tens of thousands (if you include American stocks) to a few hundred. This is when the technical criteria are applied. The criteria include a suite of well-tested chart based or moving average based indicators. Amoung the moving averaged based indicators, teh more advanced methods used include modified Wilder ADX method, parabolic and volatility trailing methods, RSI (relative strength index), MACDTM, S-Curve (propriatory method based on ADX and +DI/-DI oscillators). We also have about half dozen methods based on G. Cooper's day trading techniques that incorporate lesser known momentum trading methods.
These methods are coded and incorporated in a computer code; the total process (ie pre-processing end-of-day data), pre-filtering, building of database files for each stock and application of the criteria takes about 45 mins on a dedicated P-III doing nothing but number crunching. We get the end-of-day data at about 6:30 pm Eastern, and usually post the lists by 7:30 pm Eastern.
How can I know that you hold, sell or cover your shares? Where can I find that info? Thanks.
Please note that we don't provide exact entry/exit points. We do provide initial stop-loss or stop-buy points. After you enter the position, we expect that you'll trail it with protective stops. Please take a look at our FAQ pages on how to place protective stop-loss orders.
The entry prices of all the stocks you listed were not in the Oct 17 day range. That means if I had placed a limit order for all those stocks they would not have been bought because the entry price you suggested is below the hi and low range. Would it be better to place an any amount order?
Please note that entry prices are meant to be a reference point only. Buying slightly above the recommended entry is up to you. Remember that there's always going to be another trade - no point in rushing into a trade just because you want to trade that day.
I bought ATY today and few days back FCP. They are both down quite a bit. I don't know if you reply to emails like this , whether i should hold it or sell it. Please help.
Normally we do not provide buying or selling advice. However, we can provide general guidance in this particular case. Our technical indicators must have picked up these stocks based on an "oversold" indicator. ATY has gone down due to poor earnings results. Usually unless there is something fundamentally wrong with the company, ATY should recover. However, you should always put a stop loss order to ensure you preserve your capital. FCP most likely has also been picked by our technical indicators due to an oversold position - as usual we recommend caution and use of stop losses.
As a general recommendation, we suggest checking the backgrounds of the companies you decide to buy beforehand. You should use our signals as a guide during the process. If the losses resulting from your positions affect you financially or lifestyle, you should immediately quit trading.
Another alternative is to try papertrading positions without using real money. This gives you a good idea of stock price movements without risking real capital. There is more information on this on our website.
When were the stocks that generated the numbers in your stats page were sold?
Deciding on the best possible exit can be tricky. We advocate the "mechanical" approach where after opening a position, the trader immediately puts a stop-loss order. You can (if you have not already done so) visit our FAQ pages on terminology and further explanation. Should a stock you have purchased starts going down, your stop-loss order will close the position - you do not have to monitor on a minute-to-minute basis. If the stock is moving up, set an alert, say at 4% profit point to remind you that your objective has been achieved and close the position.
We do not provide exit points but we strongly recommend trading with stops. In the stats page, the results were generated assuming the positions were entered at the open price (established in the early minutes of trading). The long term stats are based on exiting the position within a 10-15 day time period at the best possible exit. Since one cannot always exit at the best possible price, we recommend our clients to move their stop price up (trailing stops - again see the FAQ) every day (sometimes more than once a day).
What does a SELL in your dailylist really mean? If I am holding that stock what do I do?
The SELL means that for that stock a sell signal has been generated. If you wish, you can short the stock. But if you don't like short selling, then, you can choose not to act on this signal. If you happen to hold that stock, you can also consider selling your position.
The meaning of a SELL signal is further explained here.
If a stock does not hit your entry price is it considered an invalid play by your system? For example aapl was a sell on Dec 2 but did not reach a high of 66.05. It went on to go down anyway. It seems that many stocks do not reach your entry price or gapped up or down and getting the entry price was not really possible. Is also a problem to choose which to play from your picks on any given day when you can't play them all. Sometime is easy though, for example IBM on Nov 26, big positive news came out so was certainly not a good day to short as well as market being strong.
Suggested entry prices for long or short positions are recommendations only. As you pointed out, news events can change the price/volume behaviour significantly and there is simply no way of predicting this from technical analysis alone. We rely on you and your overnight research to actually confirm the suggested entry (as you have done). It is not necessary to trade all positions. Since on the average there are 5-10 picks a day on any given exchange, there are plenty of opportunities. Please note that we don't advocate trading the entire list - on the average we expect 65-70% of the picks will follow the predicted direction (see our long term stats). But this number is also dependent on market conditions and again, we do rely on you to do the last minute research.
In your dailylist, there is a BUY/SELL price for each stock and also a STOP price. What do these really mean? If the stock price is different than your listed prices what do we do?
The BUY and STOP points are recommendations, that is, you should take these as a benchmark for the actual entry. If you can enter at a better price than the recommended price, this is good. On the other hand if you enter at a higher price, watch your position carefully since by entering at the higher price you have decreased your potential profits. It is possible to enter at a different price as long as you don't deviate too much from the recommended price. STOP price acts as a guideline for the stop-loss or the stop-buy order AFTER you enter a trade. Even you don't actually enter a stop-loss or a stop-buy order with your broker, use our STOP price as a mental guide to take notice and follow your position carefully once the STOP price is breached.
I really want to make this my career and be successful at it but it is going to take time for me to learn to be a better technical trader etc., although I do believe I posses a lot of the other qualities a successful trader needs at this time - MY POINT, I need your company ( ATG ) to lead me forward with your picks for some time to come - will you be around ?? I know you have been but hopefully those are the plans going forward !!
Your concerns are justified given the collapse of many internet companies in recent years. ATG has been operating since 2001 and we believe we have a sound business plan to continue our operations in the years to come.
Hi! I've just become a member and I want to paper trade for practice. How do I start?
Please take a look at the following link from our site. Ensure to follow the instructions on this page closely and please don't hesitate to contact us if you have any questions.
Just bought your service today, looking through your past picks for the month of Nov. All picks seem to be penny stocks, and you play the same ones a lot. I was hoping to get stock picks off the TSX. Do you give any? If so, how often?
Your were probably looking at the CDNX picks and yes, these are mostly penny stocks (nothing much else trades on the CDNX). TSX picks are given in files that start with "T" and are in the format Tyymmdd_000.txt A brief explanation of file formats and their definitions was sent to you with your access codes. Please read that document in detail since it addresses your questions regarding where to find the TSX files.
When and where are the exits displayed? Your track record area shows distinctive exit days and amounts, however, I have done some back reading on prior picks and although there are many repeated buy or sell picks on some stocks there never seems to be a sell after a buy and vise-versa.
We provide exit points only as a suggestion. Although our picks are based on most commonly used and proven technical signals, exit points are determined by the user. Our track record assumes our users utilize stop loss orders to exit positions. Another possible method is to exit your position after a pre-determined (by you) profit point is reached. I personally do not hold any stock after a good run (meaning 7-15% gain). This way, I trade more frequently and also minimize my risks.
I just tried to use the current password and userid but all that I am getting is only the Canadian listings and not any of the US.
The US lists are in a different directory.
Joined your service for a month, but don't completely understand your method. The entry points for today are all lower than yesterday's closes. Does this mean I should wait until the stock falls to the entry point before entering?
Yes, the suggested entry points for long positions (ie buy signals) are lower than previous day's close. This is to ensure we get as much a discount as possible when we open the position. This would allow you to close the position sooner (say within a day or two) with a resonable profit after commission. Remember that our method relies on frequent trading with small profits. Don't forget to exit losing positions - this can be achieved by using stop-loss points or at least using "mental" stops to close the position.
Is it a tacit statement that a particular trade was not a good one if it does not appear again on the following day's trade list?
Not necessarily. If you are able to take a profit from a position opened and closed on the same day, that is a good trade. Technicals may change in one day resulting in the signal not to re-appear. Having said that, of course there are signals that repeat in multiple days, but perhaps triggering different technical criteria in sequence.
Is there an online broker (Canadian) that will allow you to place an order to sell for profit and (at the same time) place another order (stop loss) to protect you from a big loss (on the same stock)?
No, unfortunately, you cannot have two open orders on a given position. There can only be one order per open position. We are not aware of any brokerage that would accept such an order.
Can you inform me how I can get the performance you have show on your website?
Performance of our picks will vary from month to month. To generate good results, ensure that you enter the position as favorable price as possible and trail your position with stop-loss order to minimize risk. For more info on stop-loss and risk control, please review our FAQ.
When it says "entry" Is that the suggested price that I should pay for the stock? even if the stock is trading at a higher price. That means I would need to put in a "limit" order, am I correct? Please clarify this for me.
Yes, entry prices are suggestions based on previous day's trend. If the price is higher than our suggested value, the risks are higher. In general, you should try to get in at our below our suggested price.
Have tried to open the archive list and not getting anything, only getting cryptic letters,symbols, etc. Computer language I guess??
The archieves are in zipped format. You'll need pkzip (a shareware program) or "7-zip" (another free program) to decompress them. You can download either program from the internet. Let us know if you have any problems with this.
When should your subscribers stop trading the daily recommended stock picks on your web site; daily, weekly-what stocks are short term trades?
We do not provide exit prices for stocks appearing in our lists. We recommend our subscribers to trail their position to maximize profits (and minimize risk). A long position may be trailed with a "stop-limit sell" order; a short position is trailed with a "stop-limit buy order".
It would be very hard to identify short-term stocks in our lists. The technical filters identify changing trend in a given market; sometimes the trend is short-lived but sometimes it can continue for weeks, if not months. That's why trailing the stock with a stop is recommended as opposed to exiting at arbitrary points (unless you're up by a significant amount and believe that you should be taking profits).
I was wondering, how do I trade a stock pick that has the same stop loss as the buy order? Example: Short Sell ADD at 0.35 Stop loss 0.35; the stock closed the day before at 0.35 and opened again at 0.35
In this case, the trading range is so narrow that our automated (ie computer generated) stop point selector assigned the same price to nearest 2 decimal points. This does not happen very often but as you pointed out, the entry and stop points are the same. In this case, we suggest you decide what a comfortable stop for the short position is. If you're papertrading (ie not with real money), we can suggest a 5-10% protective stop-buy order. This works out to 0.35x(1+0.1) = 0.39 stop-buy point. If you're trading with real capital, we cannot give you specific buy or sell advice - you alone can decide what your risk tolerance is.
When examining a short pick, if the current price is well below the entry like, perhaps, JDSU or GLW from Thursday and Friday, do you feel that there is the making of a good long entry pick? My rationale being that if the confidence is there to believe the stock is going to hit the entry price, the only manner in which it can achieve such is to rise in price and if the spread is wide enough, there is even greater reason to believe there will be an increase. Look at GLW from yesterday. In order to hit the short entry, the price needed to climb substantially and, by the bell, it had done so meaning an incredible long opportunity. However, my mantra has been to follow the posted picks "to the penny".
No, we strictly adhere to the technical analysis as there may be other factors going a long on a short pick - even if the price has gone down considerably.
I've traditionally leaned towards long picks because I generally believe that a company will increase in value in the long term (though, of course, the picks are based upon daily activity, not long term investment). As a result, I'm still rather new to the concept of shorting and I generally cover much too soon. As I noted above, the accuracy of the picks is so spot on that there will always be at least 2 picks that rip, usually 50 cents or better so covering too soon is like a shot to the foot. My question is, is there any criteria I can follow that will help me decide which stocks are likely to drop further than others? For example, if the daily chart suggests the stock is "in a channel", I would expect less dramatic price action. MSFT short on Friday was the big winner just like CSTR was a huge runner earlier on. Basically, I'm looking for some words of wisdom regarding when to cover quickly (eg MRO at 5 - 10 cent scalps) versus say MSFT yesterday or GM last week.
One possible method would be to follow intraday RSI (relative strength index). We do not provide this service but you may be able to get it from a live quote provider. Based on intraday RSI, you may be able to make these decisions.
Overall, I’m quite impressed with this product. I really appreciate the statistics page as a tool to gauge the odds of success. However it would appear that, in many cases, the results shown require the trader to hold a position well beyond recommended Global stops (50% loss positioning in some cases) prior to rebounding to a profit position. In reality this will most likely not happen as per your own recommendations. It would be useful to have profit/sucess statistics based upon adherence to recommended stops provided by Global. Is this data available?
You are correct, we do recommend taking profits sooner, when possible. The stats pages were produced with positions tracked for 15 trading days (3 calendar weeks). Although the data you mention is not available, it is possible to approach and better those results posted in the stats page if specific signals are pursued. Namely, these are the RSI and Volatility signals of Welles Wilder. However, our signals posted for subscriber use are based on a larger set of signals and as a result, the performance is not as good as can be. The reason we work with a larger set of signals is that it gives the subscribers a variety of picks to look at every night. We basically give you the potential winners but at the end, it is always up to the investor to decide which way to go. It is impossible to determine the winners with 100% accuracy but we do give it a shot and at least minimize the set that you have to research for next day's trade. There is no rule that you must trade every 2-3 days
Note that your trade entry points are lower than the previous days closing. Is that just a suggested purchase price? I don't know if I can get the stock for the price you suggest. I am trading on paper for now.
The prices are suggestions only (since we have no way of knowing the stock price range one day ahead of time), the stock may never trade at that price (or it may go lower). The suggested is price is a "best guess" based on previous day's activity.
I was wondering if you had any recommendations for an online broker.
We cannot endorse any one since we do not receive compensation for doing so. However, as a general rule, you should pick a reputable broker with LOTS of online representatives should you need any help regarding a particular trade. Such instances may arise when an online broker goes offline (due usually to technical web server reasons) and you are not able to unload a position in a short time (and as a result get stuck with shares that you don't want to own at the end of the day). Make sure they have lots of representatives on the phone and available all the time. That way, when they go off line, you can call their 800 number (make sure they have one) and enter your trade through a representative.
What's a Double U-turn stock, you might ask? To me, it is a stock wherein the price at the bell is below the posted entry, for a short, or above for a long and therefore we need to wait for the price to perform a "u-turn" and move beyond the posted price then perform another u-turn towards the posted entry. For a short pick, if the entry price is below the posted price but it rises over and above then begins to fall, how is your confidence in terms of the posted price? Would you wait for a few extra "confirmation" cents or just enter as usual? Would you even enter at all? Reduce your risk (ie cut the share count in half, for example)?
The double U-turn as you described is nothing but a confirmation of the "predicted" direction the stock is taking. If this happens, the odds are that, the move towards a lower price (for short) is likely to continue, which is also supported by technical analysis. Of course, you can reduce your risk by decreasing the size of the play, but then your profit margins are also narrowing. It depends on the amount of $$ you're working with.
Using the best possible exit surely makes your numbers look good! Can you tell me what the average gain of the positions, and what the average number of days held were?
The track record was computed by assuming a 10-day holding period. In majority of the cases, positions are closed much earlier than this, usually within 2-3 days. Average gain per position should be about 3% or so. We rely on frequent trading and do not assume each signal will be a large winner. At the end, statistically, we do come ahead. And yes, best possible exit is not always possible. One can come close if the positions are monitored on a daily basis and stop points are moved forward.
Canadian picks are Sell positions with just a few Buys. Why is that? I would appreciate a reply on this item before I sign up.
If you went back further in our track record history, you'll note that there are also many days with plenty of buy signals. The sell signals is a reflection of the current market direction and may change if the market conditions change. We do not control the number of sell or buys - these are determined based on technical indicators.
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