Neke, Did you exit your DECK position in one fell swoop, or did you pare out 2500 shares at a time? Thanks, just curious. I think I'd be scared with that many shares, I'm not up to that level yet. So I'm just wondering how you handled it. Thanks, +-*/ Math_Wiz
Why fight the bearish trend? And certainly, why not just focus on SPY? At one point you'll be facing liquidity problems with your order sizes anyway...
Exited at several prices. 500 shares were exited soon after entry to bring exposure within intended size. The remaining 4500 were exited the following morning at different prices (placed a limit at 41, partially executed and go rid of the rest at lower prices: Code: 03/03/2009 09:33:35 Sold 300 DECK @ 41 12,292.93 $418,660.04 03/03/2009 09:34:05 Sold 2400 DECK @ 40.8 97,912.45 $516,572.49 03/03/2009 09:37:29 Sold 1700 DECK @ 40.1065 68,173.61 $584,746.10 03/03/2009 09:37:29 Sold 100 DECK @ 40.03 4,002.97 $588,749.07
Weekly Update for week 9/50 ended 03/14/2009 An OK week, up 24K (7%). Lots of activity (30 trades), and a high winning percentage (73%) helped offset the terrible losses on Thurs. Lost more than 33K shorting MS and SPY with excessive leverage. But for that the week should have been very good. Code: Opening Balance: 333,987 Net gain for the week 23,629 ------------------------------------------------ Net Balance: 357,616 Number of Trades 30 Number of Profitable Trades 22 Since Inception of Thread 01/10/2009 - 03/14/2009 Opening Balance: 320,064 Net gain (Less Margin Interest) 37,552 (Up 11.7%) ------------------------------------------------ Net Balance 357,616 Number of Trades 199 Number of Profitable Trades 126 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE GILD 2009-03-12-09-25-37 2009-03-12-09-54-41 10000 411198 424660 13439 LONG SZCOX 2009-03-13-10-07-27 2009-03-13-11-18-23 20000 36800 47430 10316 SPY PUT ---------------------------------------------------- SPY 2009-03-11-14-34-04 2009-03-11-15-14-57 18000 1313808 1301128 -12715 SHORT SPY 2009-03-12-11-34-16 2009-03-12-15-30-21 15000 1128000 1104077 -23958 SORT
Neke...that's interesting that you chose to short the market on Thursday. What was your reasoning for this?
I think we'll see 300k before 400k. I love Fibonacci! P.S. YES! I am suggesting that one can ascertain one's emotional trading state by analysing one's equity curve.
03/22/2009 Weekly Update for week 10/50 ended 03/22/2009 Negative week, down 15K (4.2%). The week began on a deeply negative note on Monday. Shorted C, lost 13K, turned around and went long - wrong time - lost another 10K. If only I could restraint myself from revenge trading!. Not a lot going for me the remainder of the week, as the gains barely outpaced the losses. Disgusting to be up single digit (%) after 10 weeks of trading. That is a lot of time marking, and hardly worthy of the time and effort expended. I hope there could be a take-off soon. Code: Opening Balance: 357,616 Net loss for the week -14,857 ------------------------------------------------ Net Balance: 342,759 Number of Trades 24 Number of Profitable Trades 14 Since Inception of Thread 01/10/2009 - 03/22/2009 Opening Balance: 320,064 Net gain (Less Margin Interest) 22,695 (Up 7.1%) ------------------------------------------------ Net Balance 342,759 Number of Trades 223 Number of Profitable Trades 140 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE FDXCI 2009-03-19-09-31-09 2009-03-19-09-40-20 20000 17400 26100 8379 FDX CALL FSLR 2009-03-17-09-47-07 2009-03-17-09-55-53 2000 220600 228600 7985 LONG ----------------------------------------------------------- C 2009-03-16-13-51-27 2009-03-16-15-05-11 50000 128500 118500 -10015 LONG C 2009-03-16-10-15-20 2009-03-16-11-02-44 100000 220000 206578 -13444 SHORT