need to stop churning

Discussion in 'Journals' started by Fernandinho, Oct 6, 2012.

  1. spreadsheet is now simplified and reporting weekly....
    weekly commission was not met but close to the 75k shs max... given week's volatility, I think it was a justified.......i hope to keep this up for next week

    bulk of profits were from 3 day swing on TNA, QQQ, ERX, WLT, CLF, was fortunate to sell 90% longs on thursday
     
    #11     Oct 19, 2012
  2. current holdings:
    long MGM
    short BYD
    short RAX
    short DV

    plan for the week is to get long when oversold, potential support is spy in the 140 area or iwm in the 80 area... will daytrade short in the meantime

    names to watch for the week:

    Potential longs
    CLF, WLT, ANR, LVS, JOY,HON

    potential shorts
    FB, AMZN, SHW, SBUX, FSLR, WFR , CECO
     
    #12     Oct 20, 2012
  3. At once?! :eek:
     
    #13     Oct 21, 2012
  4. yes 150 was just an avg.. ive had consecutive days trading 500 or more.. at $1per.... on a heavy option churn day I would be lucky to be break even

    though that style wouldve paid handsomely on friday...there were some huge moves in AAPL options on friday... and i was pretty upset to not be involved, however i realize that it was a pretty unique circumstance to get such extreme moves on an opex day

    in the long run i cant maintain my pace or i will churn away.. i have to curb the volume
     
    #14     Oct 21, 2012