Taken 4 trades: 2 wins, 1 scratch, 1 loss. P/L=+$146.50. Account Balance=$27,359.58. 1. MATK 300 shares. win=+$146.50. 2. INTU 300 shares. loss=-$47. 3. ESLR 300 shares. win=+$41. 4. EMKR 300 shares. scratch=+$6. Up the share size abit today, but market is hammered. Stop trading here while the demo account is up.
holding losers overnight is not a problem.For instance when you have T with a 4% div and its at 36$ after a 6 dollar pullback and is a dow stock...it will explode upward 3 points....which is exactly what it did when i held it 2 weeks ago however i was a day early and i had to sell some for a loss because of margin but i made back all lost money and gained 1k....i dont like futures too much whipsaw and premium erosion is nerve racking...sometimes i play out of money oex options when i dont mind losing a few hundred bucks...
so far today: shorted 1000 T @41.60 covered 41 48 buy 1000 yhoo @24.34 sell 24 40 buy 1000 yhoo @24.23 sell 24 43 buy 1000 yhoo @24.42 sell 24 49
btw, yhoo today is a great long in the 24 20-24 42 range dont know if i would hold overnight maybe small position of 3-500 shares....
Order ID Buy/Sell Qty Symbol Price O.Type Expire Status Fill Sp Executed Entered Sell 1,000 YHOO 24.40 Limit Day Filled 1000@24.40 11:42:40 2007-12-13 11:42:35 Buy To Cover 1,000 T 41.59 Limit Day Filled 1000@41.48 11:24:47 2007-12-13 11:24:46 Buy 1,000 YHOO 24.35 Limit Day Filled 1000@24.34 11:13:42 2007-12-13 11:13:28 Sell Short 1,000 T 41.60 Limit Day Filled 1000@41.60 11:13:04 2007-12-13 11:12:53 Sell 1,000 YHOO 24.46 Limit Day Filled 1000@24.49 AON 11:02:50 2007-12-13 11:02:49 Buy 1,000 YHOO 24.43 Limit Day Filled 1000@24.42 11:00:00 2007-12-13 10:59:56 Sell 1,000 YHOO 24.33 Limit Day Filled 1000@24.43 10:00:32 2007-12-13 10:00:30 Buy 1,000 YHOO 24.23 Limit Day Filled 1000@24.23 09:49:50 2007-12-13 09:49:48 Sell 1,000 YHOO 24.46 Limit Day Canceled 2007-12-13 11:29:00
if u could post your account balance .... looks like it's near your $28K take out point ..... cheque time.