JOIN THE TWIN CITIES TRADING GROUP’S MEETUP AT tinyurl.com/tctg-meetup/ Page 1 of 4 TCTG Newsletter Learning Options and Stocks Together Welcome to the Twin Cities Trading Group. Our next meeting is Thursday, Mar 14th, from 6:30-9:30pm at the Oak Grove Middle School, 1350 W. 106th St., Bloomington, MN (see page 3 for directions). There is a $5.00 entry fee. Recap of February Meeting The previous meeting of the TCTG was held on Feb 14 th , with 15 attendees (low turnout due to Val-Day?). We were in Room 610, and Valentine candy was at the check-in desk. While we were still setting up, John shared multicolored rubber-tipped styluses with those who bravely attempted to use smart phones outside in winter, while wearing gloves. Dennis gave a quick introduction, greeted the new members, and we heard a little about each’s new member’s trading background. This month, a wireless mic was made available to the presenters. Linda H. presented Lambert’s Stock Pick of the Month : Hercules Technology Growth Capital (NYSE:HTGY), the senior unsecured debt of Hercules Technology Growth Capital (Nasdaq: HTGC), a business development company (BDC) that invests in small private technology firms. Total investments expanded 19% during the first nine months of 2012 to a record $774.5 million. Hercules is expected to continue on a growth path. Consensus estimates see revenues increasing 20% in 2012 and another 25% in 2013. Net investment income is also forecast to grow about 6% in fiscal 2012 and another 14% in 2013. Stock picks such as these can help us create portfolios that deliver a steady stream of income in the years ahead. CONTENTS RECAP OF PRIOR MEETING 1 What went on last meeting. EDUCATIONAL OPPORTUNITIES 2 Regional training ideas. AGENDA 2 What’s going on next meeting. LENDING LIBRARY 3 DVDs and CDs to help you learn different aspects of trading. DIRECTIONS TO MEETING 3 How to find us. ADDITIONAL INFORMATION 3 Planning Committee member list and newsletter editor contacts. DISCLOSURES 4 The more you know... TWIN CITIES TRADING GROUP NEWSLETTER #13-02 FEBRUARY 2013
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JOIN THE TWIN CITIES TRADING GROUP’S MEETUP AT tinyurl.com/tctg-meetup/ Page 1 of 4
TCTG Newslet terLearning Options and Stocks Together
Welcome to the Twin Cities Trading Group. Our next meeting is Thursday, Mar 14th, from 6:30-9:30pm at the Oak Grove Middle School, 1350 W. 106th St., Bloomington, MN (see page 3 for directions). There is a $5.00 entry fee.
Recap of February Meeting
The previous meeting of the TCTG was held on Feb 14th , with 15 attendees (low turnout due to Val-Day?). We were in Room 610, and Valentine candy was at the check-in desk.
While we were still setting up, John shared multicolored rubber-tipped styluses with those who bravely attempted to use smart phones outside in winter, while wearing gloves.
Dennis gave a quick introduction, greeted the new members, and we heard a little about each’s new
member’s trading background. This month, a wireless mic was made available to the presenters.
Linda H. presented
Lambert’s Stock Pick of the Month:
Hercules Technology Growth Capital (NYSE:HTGY), the senior unsecured debt of Hercules Technology Growth Capital (Nasdaq: HTGC), a business development company (BDC) that invests in small private technology firms.
Total investments expanded 19% during the first nine months of 2012 to a record $774.5 million.
Hercules is expected to continue on a growth path. Consensus estimates see revenues increasing 20% in 2012 and another 25% in 2013. Net investment income is also forecast to grow about 6% in fiscal 2012 and another 14% in 2013.
Stock picks such as these can help us create portfolios that deliver a steady stream of income in the years ahead.
CONTENTS
RECAP OF PRIOR MEETING 1What went on last meeting.
EDUCATIONAL OPPORTUNITIES 2 Regional training ideas.
AGENDA 2What’s going on next meeting.
LENDING LIBRARY 3DVDs and CDs to help you learn different aspects of trading.
DIRECTIONS TO MEETING 3How to find us.
ADDITIONAL INFORMATION 3Planning Committee member list and newsletter editor contacts.
DISCLOSURES 4The more you know...
TWIN CITIES TRADING GROUP NEWSLETTER #13-02 FEBRUARY 2013
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John attempted to show how to sign up for a free TDA PaperMoney account, but those
links were removed in a recent TDA/ToS website redesign.
Next shown were the locations of: - pre-recorded SwimLesson
webinars (Support/Chat button, Seminars, Archived Seminars, Watch button from the ToS ThinkDesktop platform),
- stock & options training videos (see link tinyurl.com/tctg-learn to ThinkorSwim Learning Center), and
- more training videos from the main TD Ameritrade website: Education tab, Webcasts, Active Trader / View Schedule link, then from the Archived Live Events - View Anytime section. Note that the new/live webinars display under Upcoming Live Events - Select events to begin Registration.
The 65-minute Active Trader webinar, Step into thinkorswim technology was played.
John then demonstrated a spreadsheet (Mac/Numbers) he uses to create his long or short stock setups. This helps him determine whether this setup fits the criteria he learned at Online Trading Academy (e.g. max risk per loss, acceptable reward:risk ratios, multiple
target percentages, among others) to generate a profitable trade. He mentioned he was creating a database that would do all this and more...stay tuned for details.
On the ThinkDesktop Active Trader window, using the relative-to-entry price offsets calculated for the stop and two targets, John made a single order with two OCO* brackets, each with target & stop, and then started to select the long entry point from the Active Trader “price ladder.”
That’s where the school’s wired and wireless network dropped its Internet connection. After determining (it wasn’t my fault!) the problem, John re-submitted the order, and showed where the multiple pieces of the order displayed on the chart.
Note on the ToS platform, Active Trade window: when you are using an OTO* entry order to trigger several orders, you may enter the target/stop prices as Relative to the entry +1.23, -0.65, a tick offset, or a % offset.
*Terminology: OTO=One Triggers Other, (a.k.a. OSO: One Sends Other) lets you send off, or trigger, several orders once the first (usually an entry) is filled.
The OCO (One Cancels Other) bracket allows you to
either hit your target price or get out at your stop price--whichever price is reached first. Especially nice is an OCO with a trailing stop, so as the price moves in your favor, you gain more ground, and even if you are stopped out (don’t hit your target), your loss is smaller, perhaps even a small profit.
Linda H. showed five chart studies from John Carter that we applied to
various stocks that attendees called out.
From the chart, select the test tube icon (Edit Studies), type in “john carter” in the Studies search window to find them. The five studies are named “TTM_” followed by LRC, ScalperAlert, Squeeze, Trend, or Wave.
Dennis showed how to place several different types of options trades using the ThinkDesktop platform also.
Next came the raffle for two books and a ThinkorSwim mousepad, then the meeting concluded at 9:30pm, but several discussions continued.
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http://education.investools.com/tdameritrade/SeriesView.iedu?action=register&programkey=3&eventid=47
http://education.investools.com/tdameritrade/SeriesView.iedu?action=register&programkey=3&eventid=47
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Educational Opportunities
Live events on the main TD Ameritrade website: Education tab, Webcasts, Active Trader / View Schedule. Look under Upcoming Live Events - Select events to begin Registration.
Feb 20, 2013, 8pm: thinkorswim® Charts, Advanced Trading Functionality, Styles and Studies
Feb 27, 2013, 8pm: Step into thinkorswim® Trading Technology
Mar 6, 2013, 8pm: Enhancing Your Portfolio with Option Strategies
Mar 13, 2013, 8pm: Introduction to Options on thinkorswim
Mar 20, 2013, 8pm: Technical Analysis and thinkorswim® Charting Technology
Mar 27, 2013, 8pm: Experience Trade Architect
If you miss an event, look in the Archived Live Events - View Anytime section.
Trading Notices
Seen on the Fidelity website in January:
“(001924) Beginning on January 18, 2013, in
accordance with new FINRA Rule 5350, all Stop Loss and Stop Limit orders will be triggered by a transaction/print rather than by the Bid/Ask quote. Any Good Til Cancelled orders remaining open on or after January 18, 2013, will trigger off of a transaction/print rather than the quote.”
Meeting Agenda
Please see our Meetup website for next month’s agenda.
DVD Lending Library
Linda Horsmann is our librarian for the group. She has many educational DVDs
available for attendees to borrow.
You will need to provide a deposit check for $25 (or $50 for 2 DVDs), payable to “Better Options Group” when you check out a DVD until the next meeting.
Please include your email address and phone number on the check.
When you return the DVD as promised, your check will be returned to you uncashed. If we don’t see you or the DVD again, we will cash your check and use the money to purchase more DVDs.
Directions to the TCTG Meeting
Take I-35W South to the 106th Street exit. Go west (or right) up a slight hill, about one long block with the Oak Grove Middle School on your right.
Turn right at the far end of the building, proceed towards the rear parking lot, then right again to enter the parking lot.
Enter the school building through Door C, which will be at the center of its “L” shape.
Look for the sign Educational Services Center - C Main Entrance:
Proceed through the twin outer doors, straight through the next double doors marked No Students Beyond This Point (water fountains on your right). Room 610 is on your left.
Cost is $5.00 per person at the door. Street Address:
Oak Grove Middle SchoolDoor C, Room 6101350 W 106th StMinneapolis, MN 55431
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Additional Information
Please contact any of the Planning Committee members with suggestions for future presentations at our meetings.
They are: • Dennis LaMott, • Lambert Meidinger, • Bill Casey, • David Larson, • Lynda Larson,• Jim Harvey, • Fran Runchey, • John Alden, and• Gene Salber.
See Dennis or Lynda for email address/phone #’s.
TCTG Disclosures
• Information is provided
without regard to your
personal situation and is of a
general nature.
• Information is assembled
from sources that are
believed reliable, but the
accuracy of data cannot be
guaranteed.
• Past performance does
not guarantee future results.
• No chart, strategy, or
tactic guarantees gains or
losses.
• All investments involve
some risk, and all final
investing decisions for your
own account are entirely up
to you.
CALENDAR:MARCH MEETINGThu Mar 14, 2013, 6:30 PM
APRIL MEETINGThu Apr 11, 2013, 6:30 PM
MAY MEETINGThu May 9, 2013, 6:30 PM
JUNE MEETINGThu Jun 13, 2013, 6:30 PM
JULY MEETING Thu Jul 11, 2013, 6:30 PM
Successful Trading! See you at the meeting!
--Dennis LaMott, [email protected] --John C. Alden, TCTG newsletter [email protected]
Join TCTG’s Meetup at tinyurl.com/tctg-meetup/ or, the official Meetup
address, http://www.meetup.com/businessnetwork-374/
An electronic copy of this newsletter can be found at tinyurl.com/tctg-files.
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