Neke, No system, disc. or auto will EVER catch all of it, and definitely not in all types of markets.. You will drive yourself crazy looking back, and then you will come to a place I already inhabit, the asylum. Better to have a system, and stick to it no matter what.. The minute you start taking those supposedly weaker signals (that do work every now and then), they will show you why they were in the weaker column to begin with. This is a primary reason I have changed scans over and over again.. You make a scan and whoa!I!.. How did it miss that?? I'll change it to make sure it catches that next time.. Then it starts catching so much it gets distracting.. Every week there will be things if not done or done that could have made that a 20% week.. I mean EVERY WEEK.. It will consume you...
Well well well. Neke's trading journal. Where is the big fat gains. First quarter end only a month away. Where are you Neke?
It probably may not be feasible for you but I would suggest if at all possible - stop using market orders to get out of positions.
Hehehe. Ever read the book. Market orders are the only way to get out of positions. Limit orders never seem to execute. All I use is market orders.
I think Ameritrade gets payments for order flow, which might mean you can assume some bad fills at times since this is a conflict of interest I think and can't be in a traders best interest.
Weekly Update for week 6 ended 02/23/2008 Moderately positive week, up 4.5K (4.2%). Frightening volatility. Made it big on Tuesday, lost big on Wednesday. Traded frantically the remaining two days and went nowhere. Still haunted by poor execution on some key strategies. Find myself not taking the signals when prompted, and waiting too long after the action is well under way. Where are the big set-ups and the big gains? Looks like they have dried up. Hopefully not for long. In the meantime, I need to be disciplined enough to play according to rules and catch the singles. Code: Balance B/F: 106,916 Net Gain for the week 4,453 ------------------------------------------------ Balance C/F: 111,369 Number of Trades 25 Number of Profitable Trades 14 Since Inception of Thread 01/13/2008 - 02/23/2008 Balance B/F: 102,615 Net Gain (Less Margin Interest) 8,754 ------------------------------------------------ Balance C/F: 111,369 (Up 8.5%) Number of Trades 101 Number of Profitable Trades 59 Expected Balance at this time to be on track for Year-End Target : 137,843 Status: Behind Target (Based on adjusted balance before withdrawals) Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAINS/LOSS TYPE ONXX 2008-02-19-08-23-11 2008-02-19-10-39-59 3000 101819 106185 4325 LONG BDUCH 2008-02-20-09-35-08 2008-02-20-12-08-36 1000 17900 20400 2465 CALL OPTION -------------------------------------------------------------------------------- GRMN 2008-02-20-11-24-14 2008-02-20-12-15-50 1500 100324 97547 -2798 LONG HPQ 2008-02-20-09-34-33 2008-02-20-11-20-03 3000 141480 137660 -3851 SHORT
Known only to me. They fall into the broad categories of LONG STOCK, SHORT STOCK, LONG CALL OPTION and LONG PUT OPTION.