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The Ultimate Systems Trader

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  1. Power Of The Mind
    8 Topics
  2. Natural Laws Of Trading
    7 Topics
  3. Introduction
    6 Topics
  4. Systematic Trend Following System
    12 Topics
  5. Mean Reversion Trading System
    12 Topics
  6. Momo Stock Trading System
    10 Topics
  7. Slow and Steady System
    7 Topics
  8. Conclusion
    9 Topics
  9. Bonuses
    8 Topics
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Download: Video | Transcript

Hey, Hey!

What’s up, My friend!

It’s Jet here one of the coaches for the Ultimate Systems Trader program.

In this video, we’ll talk about the discrepancy between the Portfolio Tracker and the ThinkorSwim.

As you know, to those who are not familiar yet, in the main module, we mainly teach you how to execute the system and scan the system using the Thinkorswim platform.

We give you a set of codes.

We make sure you rank them accordingly based on the 100-day rate of change.

This is what we normally teach you.

Then you can categorize them from top to bottom and trade them according to the rules. 

On the other hand, we have the Portfolio Tracker: 

This is a complimentary service that we give everyone for 12 months or depending on your package, it can last for 24 months.

What happens If You Notice A Difference In The Portfolio Tracker and ThinkorSwim

What if you notice this difference, where the portfolio tracker has different trades or scanner results from ThinkorSwim?

Example:

We have here NVT, SNDR:

As you can see here, there are times their scans will be different:

What would you do?  

As you know on the portfolio tracker, we use our Amibroker data with our Norgate data to update the portfolio tracker:

The reason why we use this data is that this is the same platform we use to back-test and optimize our systems.

Data that we have also included the listed stocks in the past.

Which is something your ThinkorSwim can’t just give.

This is why we use this platform to continuously give us trades moving forward and to help us produce results as time moves forward in the performance and so on.

What is the approach to solving the discrepancy between the Portfolio tracker and Thinkorswim?

There is a solution here.

Example:

You have ThinkorSwim and you are looking at the portfolio tracker and you notice this discrepancy; one solution is for you to choose a platform which you can be completely consistent with.

Just because they both have different screening results; it doesn’t mean one of them breaks the rules.

In fact, upon testing, sometimes there’ll be differences. Even though they have different results, all of these stocks do meet their rules according to the MRT.

So nonetheless, it’s up to you to decide.

Option 1:

Completely depend on your ThinkorSwim platform.

This means that you will only use the portfolio tracker as a compliment.

Example

If there are trades:

And it says that you have to exit this trade and so on, you would then use that notification to look at your trades and see if it does indeed exceed RSI 50 or it has exceeded 10 trading days, and so on.

And if you think that it hasn’t met the exit rules yet based on the ThinkorSwim data, then, of course, you would prioritize the ThinkorSwim.

So even if it says exit, if it doesn’t show exit on ThinkorSwim, you would keep the trade.

That is one alternative for you to completely focus on your ThinkorSwim and only use the tracker as a compliment to your execution.

Option 2:

Since the portfolio tracker isn’t free forever, you have the option to completely depend on the ThinkorSwim portfolio tracker.

Example:

On the portfolio tracker, it says, you know NVT, SNDR:

Then what you can do is just go to trade and put NVT:

And look at the limit order which is 40.24:

Come back to ThinkorSwim and input the limit order:

Depending on your allocation:

Example:

If you have a $10,000 account, you don’t want to allocate more than 12.8%, then of course you want to put $1,800 as a maximum allocation, which I think is correct:

That’s pretty much it.

Option 1, is for you to completely depend on ThinkorSwim, you do the scans every day and then you execute your trades manually.

OR

Option 2, you depend on the portfolio tracker to enter and exit, enter limit orders and exit your trades and only execute them directly on your account.

What If You Still Want Something To Compare Your ThinkorSwim Results Into?

As you know, because of the difference in data, it’s not fair to directly compare the results of ThinkorSwim and our portfolio tracker or Amibroker data.

What can you do if you cannot register for ThinkorSwim?

Example:

If you are an Australian citizen or from another country where you cannot register to ThinkorSwim what can you do?

What you can do is go to our spreadsheet:

Because over here we have an alternative spreadsheet and it’s free. 

But of course, the portfolio tracker is a scan: 

That comes directly from our portfolio for our Amibroker data:

It also tells you which ones to hold, which ones to exit, and so on.

But the scanner results spreadsheet that we have, which of course you have to send us a private message for us to give it to you.

It’s a scanner result that comes directly from our ThinkorSwim platform over here:

This is something that we can give you if you have ThinkorSwim and you want to cross-check your scan results, then you can use this spreadsheet to cross-check your results and not the portfolio tracker.

If for example, you cannot register to ThinkorSwim, what you can do is register with Interactive Brokers or any broker that allows you to trade US stocks without any leverage.

Then you can fully depend on the Portfolio Tracker.

I highly suggest, you depend on the portfolio tracker, then execute those trades on your Interactive Brokers account.

That is pretty much the different alternatives and also the explanation that we have on why we give you those options or the discrepancy between those data from time to time.

Nonetheless, if you want this spreadsheet results, if you need it, and if you have any more questions, feel free to email me at

jet@tradingwithrayner.com

I will talk to you soon.