Still having issues with my computers. I did manage to get two trades today. I was watching RIMM for much of the day but did not find an entry that I wanted to go long or short with. ANR double 4bar but no size + 72 ARST way above the MAs and broke the 10min TD line + 156 + 229
Trading results 9/1/10 Slow trading day due to trip to the dentist After losing a night of sleep due to my mouth hurting I went to the first appointment I could to the dentist to find out I had a tooth that required a root canal. They performed that on my right then and there and I was home by lunch time but not really ready to go full speed in trading. I did miss out on one trade that would have been pretty good while at the dentist and what did come my way I went extra small with so that I could keep it a manageable day. I will need some more trades to break even on that dayâ¦.LOL RHT + 28
Still recovering from the root canal but at least I am getting some trades I had three trades today and one of them I held overnight. AKAM was a gap up B8 trade that made full target and was picture perfect even with the small size + 181 TAM wam bam thank you mam. TAM was a quick B8 trade that IB ran out of shares with so I greatly widened my fade spread but as it turns out I hit the top of the move before shorting all I could. From time of entry to total cover was a total of about three minutes. It really moved higher and fast with no news. I was glad to have this one fast because when IB reported no more shares I was worried I could have been caught in a trap. + 181 SCMR This trade lasted the whole day with entry about 10 minutes after open and several cover and reshort trades through the day. Still short and looking for a nice gap down tomorrow. + 71 + 434
Not the biggest day but for a Friday I was glad to get what I could I spent much of the day working on the second Tradestation platform and putting it on a cloud computing system. I am seeing if paying a monthly computer fee will actually be a better choice than buying another computer system. Tradestation is a great platform for doing custom scans and the price is very good for what you get. I especially like the customer service. Leaps and bounds ahead of IB in service and depending on how you trade they are no more expensive. closed out some of SCMR and then added more to the short into the close today. + 24 BWA 10min crossed below TDline after large move higher and above 60MA. closed out early due to time + 55 ULTA tripple 4bar target reached. + 177 Week ended in the green and green so far for September. + 257
Just a couple of trades today MCP was a nice one called out in the chat room that I took for a quick ride out of the gate of the open. I traded it again into the close short but almost first went long and would have done alright there as well. Not a lot of size on either trade but the gain was nice. + 336 Still short SCMR and added another 96 shares short as 4 shares of a bid was hit just before the open. otherwise stayed open the whole day. looking for the fall tomorrow near the open. BVF gave a unconfirmed B6 and B8 and holding short overnight with just the smallest of gains as I was also hit with this one with an odd lot fill of my bid. + 337
Sadly, a complicated strategy, in this case "complicated instrument" does not induce more profits. Make more capital and trade the underlying, save yourself from retarded computations.
Carry overs from yesterday and Friday left a mark Wrists are still not painless yet so I am going to make this fast and sweet. Carry over with BVF and SCMR left a mark on the gains for the month. I ended up stopping out of SCMR only to have it give off another short signal just a few minutes later so I entered back in but much smaller as the new signal is not based on the old trade. I scalped it a few times and recovered a very small amount of the loss with SCMR and now I am carrying it over again until tomorrow (the signal is for an overnight) SCMR â 2073 BVF â 429 This was a loss that perhaps I didnât need or at least I didnât want itâ¦.. NZ + 773 was a great trade B8 two times and went heavy with shares due to the chart. Was great the whole way and stayed somewhat small compared to how heavy I wanted to be due to the other two trades being open. - 1728
It was somewhat a tough day as I made several trades and the winners today amounted to lunch and the losers amounted to a car payment. The only good thing is that I am flat other than the longer holds with C and COCO options that are both green but a day to use as an example of what not to do more than anything else. Now digging out for the month and would like to see myself green again for the month by next weekend. ADBE â 1462 ARMH + 34 NZ + 2 SCMR +25 as small as this one was at least it was a winner considering I was short and it moved higher. - 1400
Slow day. One real trade right at the open and then nothing. Tried to get something from SCMR but timed out with a stop. Otherwise LULU was the only winner today and it was from both being long and short with the bulk of the gains from being short after the first burst higher on the open. Ended the week down a bit but I was able to get some studies done and I also setup another tradestation scanning computer so I am looking forward to an increase in signals that I should get. LULU + 260 SCMR + 14 + 274