had a WFC short prior to the 10am #s that i scaled out of, would have been an easy winner with the awful #s 10:11 SHORT RIMM 40.9 STOP 41.01 TGT 40.68 out +0.22
You seem to be a statisticaly oriented person, so I have to ask you, have you studied the statistics of your afternoon entries vs your morning entries? In other words, are you winning ~44% of your afternoon trades, similar to your morning trades? +-*/ Math_Wiz
for 2011 only 9:30-10: 42% 10-11: 36% 11-2: 34% 2-4: 47% i've really slowed down my trading between 10-11 and try to make sure i only take the best setups to improve my winrate. i avoid 11-2 unless a trade jumps off the screen at me (unlikely during summer). i used to be near 30% on my 9:30-10am trades in mid 2010 until i tweaked my strategy. i weigh certain factors a lot heavily at certain points during the day.
Thanks. That's really cool that you've got that all worked out. It makes tweaking possible. +-*/ Math_Wiz
<img src="http://puddles.humanfund.ca/20110601/spy.png"> <img src="http://puddles.humanfund.ca/20110601/rimm.png"> 10:11 SHORT RIMM 40.9 STOP 41.01 TGT 40.68 - 10am #s bad - RIMM at 52w low - pretty aggressive entry, tight LH under round # - out +0.22 I was busy most of the afternoon where money apparently was falling from the sky if you had shares of anything to short.. http://puddles.humanfund.ca/wp/2011/06/01/2011-06-01-trades/
10:02 SHORT FDO 53.51 STOP 53.67 STOP TGT 53.19 out -0.19 10:11 LONG MON 70.01 STOP 69.8 TGT 70.43 out -0.25
<img src="http://puddles.humanfund.ca/20110602/spy.png"> <img src="http://puddles.humanfund.ca/20110602/fdo.png"> <img src="http://puddles.humanfund.ca/20110602/mon.png"> <img src="http://puddles.humanfund.ca/20110602/coh.png"> 10:02 SHORT FDO 53.51 STOP 53.67 STOP TGT 53.19 - gap down vs SPY gap up - gap and crap from the open - tight LH at the lows, shorting what I believed were bad 10am #s - should have moved to a b/e stop - out -0.19 10:11 LONG MON 70.01 STOP 69.8 TGT 70.43 - Marginally stronger than the open - as soon as I entered i said in chat "this is a bad entry". i should have punched it out - should have waited for a hold over the level - out -0.25 10:28 SHORT COH 61.79 STOP 62.01 TGT 62.35 - By 10:25 COH was retesting it's lows - SPY was weak but only at the middle of it's range - short LOD looking for a market breakdown - out -0.25 http://puddles.humanfund.ca/wp/2011/06/02/2011-06-02-trades/