wow what an odd day. +60. Churned from -20 to 0 all day until 1pm and then I managed to make some. Then I lost it all down to 0 and then I made it back..LOL
Tough day to pull some money out of the market.......good thing is controlled my instincts a lot to stay out today.
well always nice to come back from an extra long weekend, and make some extra large cash. Thanks to one trade, but I'll take it. MM
I think what we are doing on this thread is great. It would be helped if we opened up more so people saw there is not some crazy magic to it. I think it just boils down to hard work, practice and using tools that work for you. You will notice that hardly any of the guys that are on this thread who make dough on a consistant basis are doing it because of Metastock or TradeStation or other popular commercial stuff that is sold to the masses. These are the kinds of things that people need to know.
"i agree. there isnt much educational value in just 1 number." i disagree with your underlying statement, as there are numerous things a trader can pull from this thread, namely to see that a trader can make money day in and day out without losses - with just 1 number. like i had said before, when i saw this in a trader in 2001 for 1 year - day in and day out .... it was critical for my developement as a trader. i did not see what stock they trader (trying to back engineer) but saw that someone can make money daily as a trader . IF i did not see and believe that it could be done back in 2001, i am sure i would not be a trader today. plus, simply being able to say hi, for me with some of the guys who post only 1 number ... has once again been motivational. we see what we want, especially trading. patrick
+123 Systems gave back most of this mornings gains. I'm glad I incorporate the discretionay trading. It really smooths out the equity curve. I wonder how long until we geta nice juicy open to close trend day...
great thread to learn. I have been learning day trading for 2 years now. Still struggling. But think I have found my strategies. Not sure how to actually exploit from my winning strategies (at least by back-testing). So, only play small. A normal day today. Nothing exciting. Nothing disappointing. Here is my trade: -------------------------------------------------------------------- 1 11:04:29 09/27/2005 BUY 100 shares of MCHP at 28.12 2 11:34:01 09/27/2005 SELL 100 shares of MCHP at 28.17 3 11:45:22 09/27/2005 BUY 90 shares of AMHC at 43.84 4 12:55:37 09/27/2005 BUY 100 shares of CKFR at 38.14 5 13:26:09 09/27/2005 BUY 80 shares of FFIV at 43.40 6 13:29:50 09/27/2005 BUY 100 shares of LANC at 42.34 7 14:19:02 09/27/2005 SELL 2 shares of AMHC at 44.46 8 14:22:48 09/27/2005 SELL 88 shares of AMHC at 44.40 9 14:25:20 09/27/2005 SELL 80 shares of FFIV at 43.86 10 15:29:58 09/27/2005 SELL 100 shares of LANC at 42.84 11 15:59:37 09/27/2005 SELL 100 shares of CKFR at 38.03 -------------------------------------------------------------------- P/L: 131.32 Commissions: 10.17 Net P/L: 121.15