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heech
Registered: Dec 2008
Posts: 1876 |
10-04-11 09:54 PM
Did you hang on through the dip, Rol? If so, you were absolutely rewarded for your positioning. What a rally at the close, there...
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Rol
Registered: Jul 2009
Posts: 425 |
10-04-11 10:42 PM
Quote from heech:
Did you hang on through the dip, Rol? If so, you were absolutely rewarded for your positioning. What a rally at the close, there...
Hey heech, I held to the close on most of my positions, but exited most at the close, rather than gambling on follow thru tomorrow. I think I took losses on most of them, but made $800 on AAPL by using day trading BP. I still hold 1600 shares IWM as my core holding, and am at 160% exposure now. I do not plan to buy anything new for the foreseeable future, and will try to ride IWM for awhile. Since the Russell 2000 is down 22% on the year, I feel well positioned to hold it through at least earnings season. I was taking too much risk as usual, so I will have to work on that.
Real-time Account Net Worth $73,789.00
Real-time Unrealized P/L ($1,502.64)
Real-time Realized P/L (Today) ($817.18)
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Rol
Registered: Jul 2009
Posts: 425 |
10-06-11 11:37 PM
I would have had a better day if I had just sat tight. I got stopped out of all positions as the market tested support at the open, at least for a decent gain. I believe I could not sit tight because my position size was too large, and recent equity swings were still fresh. Seeing buying strength soon return, I reentered 900 shares long IWM, and 300 TWM as a hedge. Plan to sit tight for now.
Real-time Account Net Worth $76,224.65
Real-time Unrealized P/L $110.71
Real-time Realized P/L (Today) $851.27
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Rol
Registered: Jul 2009
Posts: 425 |
10-07-11 12:34 AM
I just sold my 900 IWM long position AH. Reason: Government to issue its monthly jobs report tomorrow. 
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Rol
Registered: Jul 2009
Posts: 425 |
10-07-11 10:00 PM
code:
Initial Capital (10/1/2011) $71,377
Total Net Profit $5,142.96
(Per Share) $0.37
Gross Profit $7,732.71
Gross Loss ($2,589.75)
Profit Factor 2.99
Total Number of Trades 120
Percent Profitable 68.33%
Winning Trades 82
Losing Trades 38
Avg. Trade Net Profit $42.86
Avg. Winning Trade $94.30
Avg. Losing Trade ($68.15)
Ratio Avg. Win:Avg. Loss 1.38
Expectancy 0.63
Largest Winning Trade $1,095.58
Largest Losing Trade ($348.07)
Max. Consecutive Winning Trades 12
Max. Consecutive Losing Trades 7
Total Shares/Contracts Held 13799
Total Commission $252.41
Return on Initial Capital 7.21%
Annual Rate of Return 363.04%
Buy & Hold Return -1.69%
Trading Period 7 Dys
Max. Equity Run-up(Daily) $10,251.11
Date of Max. Equity Run-up 10/7/2011 15:00
Max. Drawdown(Daily)
Value ($5,111.86)
Date 10/3/2011 15:00
as % of Initial Capital 7.16%
Max. Trade Drawdown ($5,473.00)
Net Worth $76,529
Wkly Performance 9.25%
S&P Wkly Performance 2.22%
YTD Performance 30.78%
S&P YTD Performance -8.02%
YTD Correlation to S&P 0.68
I got off to a good start for October. This may turn out to be my best month so far. $3321 in profits came from IWM, while $1292 came from TWM. I closed the TWM short and allowed many of the longs to get back to BE or better. Volatility has been killer. Most of my efforts have been discretionary lately, with very few automated signals during the recent run up.
I have been experimenting with buy stops, where I will place my buy above the current ask as the stock or ETF tests a support level. I will move it down as the price drops, and then ideally have it retrace back up through my buy stop on strength, and then place protective stops below to lock in profits. It seems to work better than placing buy orders slightly below bid, only to have in crash lower.
I am glad I exited IWM AH yesterday as it dropped nearly 3% at one point today. I bought back in lower today, but lost a lot on my short hedge, when I bought it at the lows today
so BE on the day.
Only open positions now is 200 Shares COST with a $50 current gain. I will turn automation back on next week and tone down the discretionary trading.
 10-7-2011 .png
This has been downloaded 366 time(s).
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