IAR didn't move the way I thought it would today. Still a lot of weakness but did not go below fridays low today. Today also puts IAR at the 9th close in a row down. still short on CLF and long IAR - ~3100 open +266 for the day/week +3068 for the month +12875 for the year
out of CLF. profitable trade but more profitable in how it changed my entry trade price for 90+ dollar stocks +68 for the trade
very little going on today in the number of trades. Glad to be out of CLF as it was using up a lot of capital to maintain. still long IAR. Not very happy it was up only 4% today. Open ~ - 1900 +68 for the day +334 for the week +3136 for the month +12943 for the year
Do you have signals on when to exit a trade or is that side of your system more discretionary? Way to stay with CLF and pull out the win. Your discipline is admirable.
Thanks, My goal is to pull 40-50 cents / share based on the average entry price but varies depending on the setup and the time of the day. During the last half hour can be crazy and I usually don't like to hold overnight unless I believe it will move (all things being equal I will take a loss vs hold overnight) IAR is interesting as it has a big dividend that does not appear to be in jeopardy(the board just declared the last one not long ago) yet the stock was just hammered by missing the mark by about 1%. Also was downgraded by SnP(after the large drop in price).
Received a short signal with CLWR but IB didnt have any shares to short. Went to the options and shorted some Feb 17.50 calls. Worked out well. Someone became very aggressive in buying and I filled him with more contracts than I normally would like but the prices were right. +316 for the trade
Not much going on today. I scalped IAR some with TS and once with IB. I also ended up net another 2 units of IAR for a total of 19 units @ ave 10.52 I also made $40 with TS. How IAR can go day after day without a press release is beyond me. The latest news is the downgrade from SnP. +119 for the day +453 for the week +3255 for the month +13062 for the year