System Generated Watchlist explain

1

Summary of the generated watchlist on a certain date. This will explains what changes have been made to the current Watchlist.

2

Previous Watchlist Date means the immediate generated watchlist before this particular Watchlist.

3

Current Watchlist Date means the date and time this particular Watchlist is generated. Example. This list is generated on Aug 2nd, 9pm. This list is going to be used from the next trading day onwards which is Aug 3rd.

4

Added denotes new counter/s or stock/s is/are added to the current Watchlist. Example above means 3 counters are added to the Watchlist on Aug 2nd at 9pm when the system algorithm completes run.

5

Removed denotes existing or current counter/s or stock/s is/are removed from the current Watchlist. Example above means 2 counters are removed from the Watchlist on Aug 2nd at 9pm when the system algorithm completes run.

 

 

1

The date and time the watchlist is generated by the RFA Quantitative System. This list will be use for the next trading day onwards.

For example, this list is generated on the 21st July 2021, 10pm. We will then use this list as a reference starting from 22nd July 2021 onwards.

2

This section (colored green) shows the newly added stock to the watchlist on the stipulated date and time mentioned above.

3

This is the ticker or stock name.

4

"Added" shows the date when the stock is added to the watchlist.

"Start Price" shows the CLOSE price of the corresponding stock during the stipulated "Added" date.

5

"SPT" stands for support. This gives a support reference of the corresponding stock.

** It is an estimate, so watch out when price is around the reference.

6

"1st RST" stands for first resistance level. This gives the first resistance reference. If it is broken up, then price will eventually try to move to the second resistance.

"2nd RST" stands for second resistance level. Same as the first resistance, price will eventually move higher if broken up.

** It is an estimate, so watch out when price is around the reference.

7

This section (colored blue) shows the current stock in the watchlist on the stipulated date and time mentioned above.

Stocks listed in this section are stocks that are added prior to the stipulated date and time mentioned above.

8

This section (colored pink) shows the stock that is taken out from the watchlist on the stipulated date mentioned above.

Stocks listed in this section are stocks that are dropped from the list during the trading hours in the stipulated date mentioned above. However, you can still continue to trade it if you know what you are doing.

Stocks are dropped from the list under 3 conditions :-

1. Take profit because has hit resistance or has fulfill the trailing take profit. (read post on strategy for further explanation)

2. Cut loss because broke support.

3. Stayed flat for too long.

9

"Added" shows the date when the stock is added to the watchlist.

"Removed" shows the date when the stock is dropped from the watchlist. It will be the stipulated date mentioned above.

10

"Start Price" shows the CLOSE price of the corresponding stock during the stipulated "Added" date.

"TP/CL Price" shows the price of the corresponding stock when it fulfills the 3 conditions mentioned in no. 8 above.

11

"Results" shows whether the corresponding stock when dropped from the watchlist is positive, negative or no change.

3 different types of results are formatted as follows :-

TP : Take Profit marked as green color

CL : Cut Loss marked as red color

-- : No Change