paper trade log

Experiment:

Re-evaluating my trading method as I've had a few losing days in a row. Day trading , all based on virtual $5k entries.

Will make 25 trades to see what kind of net results I have in this crap market. Only going long.

1. ILA @4.63 , target 5, stop 4.53

 

2. GTW @2.91 , target 3, stop 2.84

 

Why re-evaluate in a crap market?

No method will always work. You need only to decide whether your method is more profitable in a trending or trading market.

It doesn't seem fair to you to trade those cheap stox. Are they very liquid?

 

3. Q @2.97, target 3.2, stop 2.87

 

Well, my method works best in a bullish market.. but then again, just about everything will work in a bullish trending market. I normally only trade low priced stocks since I have a small account to trade with. It's difficult to offset commissions when day trading higher priced stocks.

 

4. NXTL @8.23, target 8.45, stop 8.14

 

1. Closed @ 4.60 , 1080 shares , loss $32.40

 

2. Closed 2.91, no gain

 

5. DROOY @4.57, target 4.75, stop 4.50

 

3. Closed 2.97 , no gain