gotta_trade's scalping journal

Discussion in 'Journals' started by gotta_trade, Dec 19, 2002.

  1. I am going to set a record for ET's shortest journal.

    It's something that I always wanted to do, but now that I did it, I don't really want to continue.

    Nothing personal, but, posting a daily journal is just not for me.

    Best of luck to everyone.
    #11     Dec 19, 2002
  2. Have you noticed most big bids/offers(30k+) getting taken out in 1 print lately? I think this is one of the recent problems guys are experiencing.
    #13     Dec 19, 2002
  3. axehawk


    Is this normal for you? $800 in commissions!?!? Where are you trading and what are you paying??? What is your average size trade? 2000 shares? 5000??? Maybe you should try and find a "flat rate" prop firm. I think Domestic charges $1 per trade from 100 to 10,000 shares. Or try to cut a better deal with someone else.
    #14     Dec 19, 2002

  4. Well, yes, today I spent $800 in commissions. I usually spend $500-$1000 in commissions each day. It just so happens that today's gross profit was +1082 and most of that was commissions. I had alot of scratch trades today and I gave some money back in the last 15 minutes of the day.

    My profit is usually higher. I don't have many losing days, but I do have days where I churn and burn commissions. I guess you can say that those are my "losing" days.
    #15     Dec 19, 2002
  5. axehawk


    Not to hound you, but you still haven't told us WHAT your commission rate is and WHERE you trade.

    #16     Dec 19, 2002
  6. gotta trade,

    how do you choose your stocks?
    #17     Dec 19, 2002

  7. My commission rate ranges from .7 to .6 per share, depending on my monthly trading volume.
    #18     Dec 20, 2002

  8. There are 4 or 5 NYSE stocks that I stick to each day. I am very familiar with how they trade. I also trade story stocks and once and a while I'll trade the QQQ and SPY.
    #19     Dec 20, 2002