In REDIplus I have over 400 symbols that I track for OO's. At 10:00 I copy this to a spreadsheet so that I can run some simple formulas to see which stocks had indications, which gapped up/down and by how much and also if, after gapping up/down, they then traded back in the other direction. You can also calculkate the MAE whjich helps in stop placement. You could also do this on daily data, but for OO's I like to see what the stocks did in the first 30 min of trading. PS Try trading a little smaller and see if that helps you stay in longer. Good luck
Yeah, but worth it. I know some VERY successful traders who uses "time in a trade" as a very significant factor in determining when to get out... often, not even using stop losses. If you're doing this with a spreadsheet, just write a macro that grabs the P&L amounts and throw them onto another worksheet in the same workbook... just the symbol, time, and P&L (I suggest per share or percentage as your trade size should not be a factor) and use the OnTime functionality to run it every 5 minutes. Then, periodically, you can look back at it and it's very easy to sort and subtotal in excel by time, symbol, P&L so that over time you'll be able to get a feel of what works best. Cash
cash... i know just enough to be dangerous in excel... i will try to incorporate you suggections as i move forward... thanks... i can not seem to find the ontime function... i am using office xp professional....
Maximum Adverse Excursion Its a fancy way of saying "how much did that sucker move against me". Seriously, it's just a measure of how far a stock moved against you. If you see that 60% of the time stock XYZ moves .10 against you before becomig profitable, then you just adjust your stop to say .12 so you catch most of those trades.
9 fills / 14500 shares 5 long / 4 short / +140.00 knew i was dead when i got filled on nsc (435.00) and hca (390.00)...i put in market sells as soon as i got filled and waited... missed blocking hca on failed deal.... kinda funny got hosed in a stop in dis...rare...12 cents worse on 1500 shares... all in all glad to be a little green...system says waiting was death...-4500.00 and growing... -.55 / + 95% tgif... good thing i sold the 370p / 410c strangle @13.30 in goog...to bad it was only 2 times...
3 fills / 3900 shares...partial in emc 2 long / 1 short / +238.00 - .4 / + 1.1% i also bailed on ABT too soon...sold mine @ 46.11 damn...