SAY S 6 units 29.74 29.77 29.8 29.83 29.84 29.89 Ave @ 29.81 again, being very aggressive in units but highly conservative with the setup. signal >6B+
added to SAY S 30 30.04 30.07 30.10 30.13 11 units ave @ 29.93 Tradestation is not giving any margin on this stock so I am limited to how many shares I can short. Otherwise I would keep going with the price. This stock is moving up with such force that this may be where I find out being so agressive early in the signal is a mistake. stock is up 13.5% for the day as of this post.
SAY moved up to 30 again and i shorted another at 29.99 moving my ave to 29.94 9 units short bought back 1 at 29.71 +.23 8 units short
Wow what a day, ended up trading SAY a few more times. looking at the beginning I think perhaps i should not have lowered my prices for the shorting after the first unit. the selling pattern looks a lot like when I first started using this signal. Part of the problem of course was TS not letting me sell on margin for this symbol. Had I been able to do so I would have sold more at higher prices and after it peaked I would have bought back as it did move down nicely at first. Better margin management on my part would have made a difference in how this played out. Looking to get more gains I didnt buy back more (only 300 shares) and then the price moved back up against me. After having several in a row then move in my direction I held out to see if the stock would fall again but it didn't. I am up for the day but will start tomorrow off in the hole. I asked IB again about the margin requirements and they told me that they dont care about the stock its always 30% on shorts. Not as good as 4 to 1 with TS (when they want to give that much) but I rarely use that much (especially lately) so I think I will move my account over. It will cost me $160 / mth for the use of TS radar but I think its better than missing out more than that on any given trade plus the commissions and interest are better at IB so I think it will be at least a wash. ended today S SAY 10 units @ 29.98 Open -271 closed out today +107.96
Closed out of SAY at the open with an open order @29.75 (put in at 29.91 ...have to love the NYSE - sometimes -) now flat +220.04
Nothing else popped up on the screen today. sent the check into IB to fund my account there again. I intend to just pay the platform fee to TS and trade through IB which I will expect will save me about $100-200 per month and more and more as I trade in higher share amounts. ended the day +220.04 this week +336.00