Yes, we have to!!! I read your journal yesterday and I subscribded to it. I found it very interesting. I hope you will break through. DT1
Stopped out on EVC @9.94 Closed OMM @ 5.89 : lost 13$ Closed 50 PCG @19.06 : realized +53.49$ New trades: +200 FRNT @ 8.58 +100 IDNX @ 6.57 +200 JDEC @ 13.76 -200 MRCY @ 18.47 Position +50 PCG @ 17.97 -200 MRCY @ 18.47 +200 FRNT @ 8.58 +100 IDNX @ 6.57 +200 JDEC @ 13.76 Realized P&L for today -2.50 Unrealized P&L for today 52.50
Hi DT1, I was checking out your picks. And the main difference is that my longs are in some sort of uptrend and my short are in some sort of downtrend on the WEEKLY chart. That's one way that I qualify my trades. MRCY has been a short consideration for me, but I felt that the risk/reward was too much for me. Just a natural rally for the stock would cost me too much. I would like it to be closer to my trend resistance. All in all it's nice to trade with the trend. Good trading to you, gotta_trade
Hi gotta-trade, The risk/reward ratio seems ok for me on MRCY. I trade on very short time frames (1-3 days) so my stop lost on this trade was at 19.31. Therefore I risked only around 85 cents/share which is acceptable for me. However I like to see that my picks go quickly in my favour and MRCY did not move properly for me today so I closed my 200 shares position and took a lost of 11$. That's ok for me. Like you I have no problem closing a position that does not behave as expected. DT1
Well well... I am not happy with the way I traded today. New trades +200 ELBO @ 23.60 .... -53$ (I should have bought only 100 stocks here. I took too much risk here) -100 WFMI @ 47.45.... -5.5$ (I wanted too short a stock to balance my position but this one is too risky as well. Hopefully I was not fool enough to sold 200 stocks) +100 SNIC @ 8.77... -21.99$ +100 USPI @ 22.52... -23$ +100 IMAX @ 7.72... 0$ +100 GG @ 12.38... -1$ I am not happy with these fills. Anyway these things happen However I managed to take some profits: -50 IDNX @6.87... +14$ -200 JDEC @ 13.89.... ~+22$ -100 FRNT @ 9.05... +45.5$ Final position is +100 FRNT @ 8.58... +43.99 +50 IDNX @ 6.57... +10.5 +200 ELBO @23.60... -24 +100 SNIC @ 8.77 ... -21.99 +100 USPI @ 22.52... -23 -100 WFMI @ 47.45 ... -5.99 +100 IMAX @ 7.72 ... -2.49 +100 GG @ 12.38 ... -1 I bought too much stocks... However I am still up for the day: Realized P&L is 124.50$ Unrealized P&L is -15.5$ One other thing is that it is taking me too much time to post new trades and closed position so from now I will only publish my new position each. DT1
New position +100 AWE -200 CVD -100 DL +100 ELBO +50 FRNT 50 GG +50 IMAX -200 ITMN -200 MRCY +200 PCLE +100 SNIC -100 UHS +50 USPI -100 WFMI -100 WOR As expected WFMI was a lost. I sold UHS today and I am not happy with that. Appart from that I am trying a new strategy which is why I sold so many stocks. I am net short. Net P&L today: ~ +60$ DT1
No trades today, I did not follow the market. I have been to 'Le Stade De France" for the soccer game: Cameroon-Brazil: 1-0!!! I was down around 60$ mainly because of EDS. I know it was very risky. Tomorrow I will change my scan to avoid these kind of setups Good trading! DT1
P&L for today = -80$ Reduced my positions to : -100 ITMN -100 WOR +100 PCLE -300 RDA +200 ACAI Good week-end DT1