been following this thread for a while now. and decided to give it a try yesterday. Luckily at the last minute I decided to cancel all my orders. (which was probably really wise due to my relative inexperience with day trading) Today I thought I'd give it another try. entered 100 share orders for 16 stocks. got 2 fills. 1 long winner .18 cents 1 short winner .10 cents for a nice tidy $28
Excellent "proof of concept" - now "get the share size up" LOL... Good luck, be careful, understand fully the concept of slingshots and shakeouts. All has been explained on this and/or earlier threads. Good trading, Don
Stayed on the sidelines today. Mostly due to lack of confidence in the NYSE processing systems being able to handle "panic" conditions. Had half a mind to put in one quarter size with a huge envelope, but wouldn't have been able to justify it had it turned out a loser. Hope everyone who played did well.
this is exactly how i started in 2004... keep good records and study them... hey don...you didn't tell me to up my size for almost a year...why so long???
5 fills all longs - 4400.00 gs got me...-4202.00 screen was green for a few seconds then...look out below...
Also stayed out today...feels like more of a gamble than an edge on these days, since they don't seem to do what they are "supposed" to do.
4 fills 2 long 2 short .06 + .13 +.17 +.04 = .40 cent win Still only testing the waters with 100 share lots but looking good so far
On the other hand, I "shoulda waited another 5 minutes, LOL" Down $380 on 11 fills.... Heading to Alabama tomorrow, see everyone again on Monday. Don
Those were a scary first 15 minutes today. Got out with an ok profit, but I had to sweat for it. Was loaded to the gills in other accounts, so I was a little quick on the sell button with these. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1378995>