Well, I am half way through the first month and these stats will blow your mind a bit and further the idea that what I am doing is foolishness and has little chance of succeeding. I am a confirmed scalper. I plead guilty as I made 64 trades Friday during the period 8:30 to 11:00 when I called it quits for the week. Here is the break down of the time spent in my trades: 17 Trades held 1 to 20 seconds 18 Trades held 21 to 30 seconds 16 Trades held 31 to 60 seconds 11 Trades held 61 seconds to 120 seconds 2 Trades held over 2 Minutes LOL! I guess my trading philosophy is that you can better predict the direction of a stock price for the next 30 seconds that you can for the next 3 hours. I will finish the month and post my July results. Then a determination will be made if it is worth going another month.
The month has gone reasonable well and profitable overall. Daily Spreadsheet is attached. However today's trading was, shall I say unusual. I got into the trap of averaging down and even though my test is on 30 shares of Apple I got to the point where I was long 720 shares in a market moving down. I did get lucky and only lost $32 but I was down over $400 at the low point. As things started to get away I think I started to trade for the spreadsheet instead of just doing my test. I will continuing testing but I am not sure posting is good for me. Maybe I will post again and maybe not. We shall see.
I suspended my live AAPL trading shortly after my last post. I have been doing some sim trading on NQ but commissions and volatility eat me up so after my winter vacation I might revive my commission free AAPL trading in March. I am 77 and this is a hobby for me so I don't take it too seriously.