Another trying day. Both EXM and SOHU went from pos to neg. I was able to trade both EXM and SOHU a little bit early during the day for a profit but that and more was eaten away from the move against me. I did have a couple of good trades thou. MMR S:6b + 546 for the trade APH S:6b + 103 for the trade closed out EXM - ~ 1000 (I sure wish IB had better reporting in TWS) Traded SOHU back and forth. In the afternoon it moved against me. At the close I was short 15. In afterhours it traded a lot higher and I shorted another 2 units at 56.95 and then another 2 units @ 57.45 for a total of 19 short on no news. my average cost basis is 55.44 and based on the last sale price of 57.45 I have an open loss of 3823
Actually a better day then the numbers make it appear. Open - ~ 3160 - 268 for the day + 4406 for the week + 16378 for the month + 41950 for the year
Another tough day. Cut my short losses with SOHU only to see it continue to fall. Had some nice trades today that had my account up over 1400. With closing SOHU and cutting back on WFT and SII as losers I ended down for the day. Considering I had five good trades including CMI today and still doing well for the month I am going into the weekend in good spirits. Open - ~ 2000 - 2624 for the day +1782 for the week + 13754 for the month + 39326 for the year
Its Monday and we are off to a great start. Both my carryovers from Friday turned out well. WFT and SII. between the two I made + 486 on the trades. Next on the lineup was HAS S:6b +535 for the trade EXM S:6b + 545 for the trade
Big change over the end of last week. Still short 775 shares in HES @ ave of 112.24 open - ~ 400 + 1627 for the day / Week + 15381 for the month + 40953 for the year
Actually started out ok today. Lots of signals and at one time I had about five running. One of them included long UAUA. My main long signal has been doing very well lately so I went long UAUA with a lot more size than I normally would. Then I received an early T long signal with UAUA as well and I started to buy in very large(for me) amounts. This was the mistake of the year. Even worse than IAR back in Feb as this could have been a nice winner if I would have been more risk averse. Having the T signal work so well the few times it gave a signal gave me more confidence than warranted. Long story short I turned a winning day into a big loser with a big losing open position wtih UAUA. - 2842 for the day - 1215 for the week + 12539 for the month + 38111 for the year
Sorry for the day. From what I have seen from your blotter, you still have a sizable position in UAUA, which could still turn out highly profitable. IE.......all could still be well with the play even if you have limited your risk by taking some of a loss. I am sure you have mulled this over, but as you get bigger, you somehow must keep the avg down system the same or a smaller winner will not come in under the bigger play. A humble observation that I am sure you don't need. Once again, thanks for your public trading, as others can gain wisdom through your many ups and few downs. Keep up the good work.
Hello Jegnyr, Thanks for the post. Yesterday was a tough day for that days profit but I did learn a lot and looked over the trade and signal and I think the only change would be to fear the long side more. Stocks can fall so much faster and so much more % wise and so my signal which works great shorting doesnt always perform so well fading selloffs. Best of trading to you
Today was a mixed day. Still very long UAUA but I did sell off some shares and I wrote some options against some that I own. At least I can say that it turned out to be correct in waiting until today to try to liquidate some. my cost for UAUA is 15.84 and I sold some May 15s for 1.35 (only 18 though was lifted) I would like to become more hedged with options and see how this plays out the next few days. I did have some nice trades today CLWR +95 MOLX + 331 EXM + 226 I am positive with the UAUA calls and very negative with UAUA still. open - ~ 15500 -3576 for the day - 4791 for the week + 8963 for the month + 34535 for the year