Took small losses in wat, cit, arg. Got good trades in cvs, still holding long at .56. Attached chart for reference.
Lost money in CAT. Made money in TM, BUCY. Currently holding TM short@75.20. Will trade only on short side for rest of day unless market goes back to 10050. Charts attached for reference.
BUCY, BIDU, RMD, EW, CERN, DV Bidu is the best one to trade in news- http://www.elitetrader.com/vb/showthread.php?s=&threadid=188029 will watch the level 470.
AYE, TDC, CPA, EQIX, CERN, GENZ, VIA.B expecting a gr8 open, there are a lot more stocks, will be trading more aggressively. Currently short in TDC(.95) and AYE(22.70).
Took two huge losses in CPA and gave back all that was made in premarket(Pardon Me O' Trading Lord!). Currently biggest trade remains in AYE in which I booked 70 cents on big size. Made another good trade in CERN, fresh big move from good level. Average day so far. Charts attached for reference.
For scalping and active daytrading, managing size is the most important thing. I'll keep my size in check even when the exit/risk seems clear. Manageable size changes the entire perspective on a trade- one can comfortably add and re-establish several times if not fully sized. Markets are full of surprises- CPA's new top around 9:40 was one of them. I lost much having established a big short position('big' relative to my account) around 54.90. That big loss could have been a flat trade- exit and re-establish around 55.70 later- at worst. My aim for this journal is consistency- which definitely cannot be achieved through aggressive betting. Finding 2-3 good stocks in a day is sufficient to comfortably earn a living.
Did not take loss in any above but no big trade either. Charts attached for reference. PS: those who were afraid of trading in nile,bwld check post-market price action.