limitdown
Registered: Jun 2001
Posts: 2881 |
08-07-03 04:12 PM
Quote from Gladiator4444:
here are the trades I took today:
sort EXPE @70.49-----covered @69.82(500shares)
long EBAY @102.23----covered @101.80(800shares)
long WMT @55.29----covered @55.17(800shares)
short EXPE @70.34---covered @70.79(500shares)
long MER @51.45-----covered @51.12(1000shares)
short MER @51.42-----covered @51.21(500shares)
$555+$170comm=-$725
why are you generating so much commission?
Pointdirecx, MB Trading, and a whole host of others would cut that drastically .
also, what was your reasoning for dollar value per position, since you're one of those traders that doesn't seem to care for size
you're going to have to dollar average your account per position and maintain no more than 2 or 3 active stocks per engagement, not this many as you have done
also, what were your reasons for covering your shorts? you reached your pershare cent profit target? events scared you into covering? what changed?
shorting is not the game its presented as being, there's scalp shorting, sling shot shorting and longer term hedged shorting. which method were you using, or were you able to quantify your trade into a method?
go through these questions and see if you like your answers, you may find that you don't, and there in lies the need for changes accordingly
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