My first attempt at a Journal lasted 12 days earlier this month so I have looked through several pages of Journals and I did not see anything on PDT for stocks. It seems like most people trade Futures, Options, or Forex markets. With the elimination of stock commissions and the SEC cutting its transaction fee on sales by 80% earlier this year it seems like day-trading stocks is the most fertile area available in the trading arena. People went ape over the smaller macro futures contracts but stocks not only have zero commissions but you can scale down to any level that you want and even trade 1 share to make it like paper trading only in the real market with real money. You just have to conquer the spread. I call this a Journey rather than a Journal because this is an experiment. I will try different styles and different stocks. I am not out to prove my expertise which does not exist or show an attitude of overconfidence because the market has kicked my butt over and over during my trading career that began after I retired 18 years ago. I trade for fun and the challenge. I dabble at golf but I can't play Augusta but here I can go head to head in the same arena with the best traders in the world. I did start trading 30 shares of Apple on Tuesday and have attached the Friday TOS cash record to prove I am trading real money and to show my end of week cash balance. I have also attached my spreadsheet that shows the daily trading results. (Which was a small profit for all four days) In four days I had 319 day trades so my strategy must be to shoot anything that moves. My TOS sheet gives you the flavor of my trading as you can see the time stamps for my last couple of hours of trading. This coming week I think I will trade 15 shares of Microsoft which will keep my per trade risk at about that same 4K that I was risking with Apple. Any ideas on which stocks are the best for daytrading for those that trade in this arena?
I'd be interested in seeing a chart of your hundreds of trades in a standard curve; seeing what your average profits or losses are, as well, as well as outliers, etc. If you can generate any sort of positive expectancy on noise, you're doing better than most...
I would love to see the same information. However I trade on TOS and they do not have a plethora of trading stats like Sierra Charts.
Looks like my golf is like your trading. On a good day I can take a couple doubles and still make 20 bucks off my foursome. I swing trade and we'll see how you do. Best of luck.
You saw my setup strategy in my prior journal so I am just tying to implement it on a very short term chart instead a swing overnight trading strategy.