Geez/Puddles, Just wanna share. Ive been trading for 6 months now. Prior to that I've been paper trading for 16 months. During the 16 months of paper trading I've made: Gained 127 points Lost 63.03 points Profit 63.97 points (127 - 63.03) On my real trading, I've made so far: Gained 56.76 points Lost 29.83 points Profit 26.83 points (56.76 - 29.83) I trade RIMM only. I trade only once a day on the open. My setups are 2 sets of settings on MACD, 3 sets of settings on Stochastic (on a 5 min chart) and another setup of Parabolir SAR on a 15 min chart. (I won't tell what parameters I set on my MACD, STOCHASTIC, PSAR) When all of my indicators go together (around 9:35 -9:45 am or maybe later to 10:00 am - after that I just don't trade) then I enter. My exit depents on how fast the stock moves. If the stock goes down fast and it goes according my indicator then I will scalp out as fast as I can (0.20) but if there's no hype then I would just leave it and exit when the MACD signals. I always try not to focus on the points but focus on my exits according to my setups, I look at the whole year rather than day by day. Which is all about disipline..... The reason i've been paper trading so long because I've been holding a long term stock for 2 years, which 6 months ago I've gained up to $31,200, which is enough for my daytrading. I trade 1500 shares per each trade. I use my whole day trade margin because I wanna make profit in full. I can't imagine what would it be like if I trade 50,000 - 100,000 shares / trade... But for now i'm just gonna focus on 1500shares/trade. I haven't talked to my accountant yet about wash sale/mark to market election. Because I wanta pay tax based on what I make (26.83 points) not based on my gains (56.76 points). Just wanna share...
<img src="http://puddles.humanfund.ca/20101018/spy.png"> <img src="http://puddles.humanfund.ca/20101018/rimm.png"> <img src="http://puddles.humanfund.ca/20101018/ibm.png"> <img src="http://puddles.humanfund.ca/20101018/v.png"> <img src="http://puddles.humanfund.ca/20101018/sndk.png"> <img src="http://puddles.humanfund.ca/20101018/hrb.png"> <img src="http://puddles.humanfund.ca/20101018/amgn.png"> <img src="http://puddles.humanfund.ca/20101018/sun.png"> 9:36 (2min play) SHORT RIMM 48.32 STOP 48.44 TGT 48.08 - little bit weaker than SPY at the open - short under the bar - out +0.24 9:46 LONG IBM 142.01 STOP 141.78 TGT 142.47 - IBM very strong vs SPY - Long over the round # - out +0.05 on fat finger, should have bee +0.46 11:05 SHORT V 77.02 STOP 77.14 TGT 76.78 - SPY making a double top at the highs at 11am - V stepping down through the morning - out +0.20 14:22 SHORT SNDK 38.76 STOP 38.85 TGT 38.58 - SPY heading to highs, SNDK heading to lows - look for continuation - out -0.09 14:50 SHORT HRB 10.93 STOP 11.01 TGT 10.77 - HRB extremely weak through the day - Look for one more push down under the round # - out +0.15 15:08 LONG AMGN 57.59 STOP 57.49 TGT 57.79 - Strong since 10am, tight range at the highs - out +0.2 15:27 LONG SUN 40.60 STOP 40.52 TGT 40.76 - SPY shows stregth after 3pm but puts in 2 big pullback bars. - SUN stays strong as SPY pulls back - out -0.10 http://puddles.humanfund.ca/wp/2010/10/18/2010-10-18-trades/
would someone please delete that spam above.. 9:54 (2 min play) SHORT RIMM 46.89 STOP 47.01 TGT 46.65