Thanks for taking the time to say so. Come join us in the ET chat room. There are some very good traders in there. Lots of talk about trades, news, and enough BS to keep it from getting boring.....LOL Best to you
closed out YRCW in after market trading. + 651 total (about four hundred or so was already counted in the days PnL) Still short CNC and JEF. will be looking to exit sometime tomorrow.
My two carrys from yesterday turned out very differently. JEF turned a gain + 530 CNC on the other hand I tried to get a bit more than it was offering and it went against me. I faded the move and it ended up stuck in about a 15 cent range. Will be carrying overnight but its an open loss as of this post. I did have a good trade today PSS + 532 some scalps TUP + 23 NIHD + 95 ISRG + 314 ESI + 34 trying to scalp CNC i took a small loss due to the way IB calculated FIFO - 63 but this causes my ave price to go up so it will come out in the wash when I close the trade. +1451 for the day + 9075 for the week + 30362 for the month
Hey 1R, great thread. I apologize if this has been discussed already, but i was hoping you could shed some light onto your scalping strategies. Your win % seems extremely high. Do you scale into your scalps the same way as 'real' positions?
Hello Z0r, Thanks for taking the time to say so. very nice of you. I do scale into and out of just about all my orders regardless of time frame. I am a very big believer in scaling in. Scaling in IMHO lowers your risk and allows you change or get out at a much lower cost then going all in at once. Best to you Bob
AM update. CNC doesnt appear to have any volume of trading outside normal trading hours for the last couple of days. I will be both looking to exit CNC but also if CNC moves higher on the open I will want to short more. I will have an opening only short order to capture and opening higher print. My price will be in the 21.90 area I will also be looking to close out in the 20.50 area
Mostly slow day. Watched CNC move back and forth and while I faded and bought back several times it didn't break yet. Volume totally dried up as it didnt even trade a million shares. Due to IB FIFO accounting CNC scalping took about 715 off my total today. Still very short and still feel good about it. It is very rare to see a stock move up after two S:6b days in a row. Will be looking for CNC to break either Friday or early next week as I am in no hurry to get out. I did have a trade today MTL + 1084 S:6+ plus I also scalped it scalps RSH + 83 JNS + 124 BC + 73 + 651 for the day + 9726 for the week + 31013 for the month