I thought I would have grown comfortable holding several days, but somehow I still feel there are enough opportunities intra-day there is no need for taking on overnight risk on my discretionary trades. Besides it would be a bad idea to average down into multi-day trades, since the overnight risk calls for reducing risk, not adding to it. Whenever I average in during the day, and feel a need to take a position overnight, I would cut down size considerably and only carry a little position overnight. Thanks for sharing your own story. We may whine over the current day, but looking back several years we have alot to be thankful for. Happy July 4th.
Weekly Update for week 26/50 ended 07/10/2010 Bad week, down 11K (4%). Was away on a course for much of the week, and didn't do much discretionary trade. The big discretionary losers were from going long the market on Tues with options. Promptly paid the price as the rally sold off. Nothing working on the automated front either. Code: Opening Balance: 257,165 Net loss for the week 11,065 ------------------------------------------------ Net Balance: 246,100 Number of Trades 16 Number of Profitable Trades 5 Since Inception of Thread 01/10/2010 - 07/10/2010 Opening Balance: 410,000 Net loss(Less Margin Interest) 163,900(Down 40%) ------------------------------------------------ Net Balance 246,100 Number of Trades 837 Number of Profitable Trades 434 BREAK-DOWN BY AUTOMATED/DISCRETIONARY Number P/L Best Gainer Worst Loser AUTO 12 -3,834.50 3,613.70 -3,004.90 DISCR 4 -7,441.30 3,182.80 -6,054.50
insanity is repeating the same thing over and over again and expecting different results. Refine or stop.
Hey coolweb at least neke is putting his numbers out there. What are your numbers? having visited your thread and watched you turn every trade into a 5c scratch, I'm guessing your bleeding slowly 5c at a time.
Weekly Update for week 27/50 ended 07/17/2010 Moderately positive week, up 3K (1%). Mostly buying SPY call options on the dip through the week, until Friday, when a similar attempt mopped up a good chunk of the gains for the week (8.8K loss). The automated front is still not quite delivering yet. Code: Opening Balance: 246,100 Net gain for the week 2,950 ------------------------------------------------ Net Balance: 249,050 Number of Trades 28 Number of Profitable Trades 20 Since Inception of Thread 01/10/2010 - 07/17/2010 Opening Balance: 410,000 Net loss(Less Margin Interest) 160,950(Down 39%) ------------------------------------------------ Net Balance 249,050 Number of Trades 865 Number of Profitable Trades 454 BREAK-DOWN BY AUTOMATED/DISCRETIONARY Number P/L Best Gainer Worst Loser AUTO 16 -1,473.90 2,031.20 -3,110.00 DISCR 12 4,543.70 5,140.80 -8,844.20
9% gain in 6 days and u still bought spy call option on friday? if you really want to make some big money buy aapl 300 put option for 2011. aapl is going to touch 199 (flash crash low) sooner or later plus possible h&s pattern on aapl and sndk.