Effectively Organising Your Stock Data
Effectively Organising your Stock Data – Why?
It helps your efficiency and promotes profitability.
The Stockradar Trading Centre offers a clear and simple platform for an organised system allowing you to analyse and maintain a wide selection of stocks.
Organised stock data plays a crucial role in empowering investors with the information and tools they need to make informed decisions, manage risk, and achieve their financial goals in the dynamic and complex world of financial markets.
- The top of the Trading Centre page displays each week’s new entries and exits.
- The Trading Centre is published weekly on Sunday Night
- Below the buys and sells is the status of the Stockradar Portfolio with regard to the number of qualified stocks and ETF’s
- The Stockradar Portfolio of stocks and ETF’s
- Map of the Market displays all the stocks we cover and those we hold as Stock Picks organised by sector. Clicking on a sector will take you to a table such as below with each stock and its status within that sector.
- Trend Intensity Key
- Sectors and stocks and relevant trading information
- With a clear trend objective Stockradar displays the parameters that matter in our Trading Centre sectors.Initially it is the entry procedure we focus on inputting the system designed basis for our decision making which primarily consist of a price pattern (comments column) and a Trend Intensity Rating.
Stocks are rated by Trend Intensity for presentation purposes and degrees of importance with the price pattern identified in the comments column if qualified.
Easy to read colour coding signifies a stock trend status as YES it is trending (green) and NO (grey or red) it is not trending and is disqualified. A stock row provides all the information we need to make our decisions and understand our position status based on Stockradars price pattern and Trend Intensity combination for decision making.
The green colour coding establishes the requirement that a trend is in place, the TIR number provides the strength of that trend. Once a position is established there is only one column to monitor and that is the Stop Loss/Protect Profit column. Initially a risk level of 15% is set and that will remain as a red stop loss until the position moves into profit (white number of green background).
See legend at the bottom of the Trading Centre page for colour coding definitions.
Definitions of each column are provided by clicking the ? at the top of each column
Setting up your own portfolio in the Your Portfolio tab allows a clear and simple graphic that replicates the Trading Centre for you own stocks helping you focus on imminent prospects and existing positions.
This organises your data in a simple to read and absorb way for quick analysis.
The benefits of this are:
1, Keeps you informed and up to date
2.Know your risk
3. Builds confidence in managing your positions
4.It is an efficient method of representing the most relevant data enabling you to quickly identify and focus on the relevant information of the moment. (Entry or Stop level)
Organised data promotes an organised mind and organised trading.