Intraday/Swing Plays

TODAY'S EXECUTIONS:

13:46:31 PKS BOT 2000 17.01
13:28:19 PQE SLD 1000 43.61
11:39:42 PQE SLD 700 42.7
11:09:46 AOL BOT 2000 24.24
10:57:08 SBUX BOT 2000 23.63
10:58:01 ADBE SLD 2000 38.94
10:56:12 HD BOT 2000 48.62
10:09:21 LU SLD 4000 4.65

OPEN POSITIONS (OVERNIGHT):

Long PKS 2000 17.00 +0.25
Long SBUX 2000 23.63 +0.33
Long HD 2000 48.62 +0.38
Long DNA 2000 51.97 +1.75
Long MLNM 2000 22.60 +2.66
SHort IBM 1000 106.61 -0.01
Long HET 2000 42.92 +1.21
Long BBH 1000 127.47 +0.18


CLOSED P&L: $6,072 OPEN P&L: $13,400

TOTAL CLOSED P&L: $20,453

This track record P&L is based from trading
for 7 business days (including today) starting
on March 6th, however, I was on vacation all
of last week. At then end of this week I will
post % ROI and ROE.

 

Taking the middle 80% is enough for me. Made $1.34 down and $1.85 up in 2 days so I can't complain.

 

Seanote,

Nice going.

 

I am really enjoying this thread. How do you size your positions? I typically size mine based on my stoploss point and the amount I am willing to risk. For example if I am long at 42 with a stoploss at 40 and I am willing to risk a 1k loss then I would buy 500 shares -- 1000/(42-40).

 

Seanote
Congrates on your on the mark trading. Terrific posting.
Especially for those of us that don't trade that size or that well.
Keep it up please.

 

When I first started trading I based my share size by stock value, volatility beta, risk tolerance for monetary losses. It is a good strategy to use. Since I've built my acct up over the years I worry much less about BP used and normally trade 2,000 lots unless the stock is very expensive I will scale down to 1,000 due to the volatility. If a stock is under $5 I will trade 3-5K share size. I never use or carry overnight positions that exhaust all or most of my BP so I will have the staying power if I need to hold my trades for a few days longer.

 

Sold 1,000 BBH @ 126.91
Loss: $560.00

 

Naz ended day with bullish engulfing pattern on Thurs. Candelstick pattern also shows a trend reversal.

WARNING: The Dow and S&P broke through support Thursday morning but closed above it. This a signal that the Dow and S&P might be heading south short term. Yesterday's low is now the support.

These are only opinions.

BRCD - Buy
Double bottom with strong oversold bottom, MACD bullish divergence.
Support @ 22.05
Target @ 29.50

 

Bought 1,000 BRCD @ 26.60

 

Sold 2,000 HET @ 44.97
Profit: $4,100