Recent content by CX9

Making bets with a couple hundred dollars is worlds apart from risking thousands at a time, from a psychological perspective. Trades you took during your trial run may have been different if it was bigger money.

I try to trade low p/e and high dividend companies to limit downside. I stay away from things like biotech.

Thanks. The way I think about it — the main portion in the SP500 is my own money. The interest I pay on the leverage is about $500 per month (on $100-150k margin), but allows me to make about $7-10k per month trading.

Some interesting points here. Just for clarification my form of hedging is diversification since I hold about 10-15 positions at $10k each and turn those over at 5-10 per day. Also, keeping the day trading as a small percentage of portfolio I guess would be another hedge. I really don’t have...

I get your point. Totally. However, my conspiracy theory is that the market is “conscious” of stop losses and will try to gobble up as many as possible. Just out of curiosity, what would you recommend as a stop loss on a $10-20k position with a $500k account?

Believe it or not, as you can see from my July trade history, I seldom take losses. If I had to guess, I'm thinking I give up on 1 in 20 trades for an average loss of about $500-800. My one negative week (# 5) I decided to take all the unrealized losses and start fresh. Right now, I have about...

Thanks for the feedback. By keeping my positions limited to $10K, I think my biggest risk would be about $3-5K (~50% loss), which is less than 1% of my portfolio. I get what you're saying and I do have to limit the times I double down. However, it's hard to stop such a bad habit when it's...

Cool. Glad someone else approves. I'm a "buy the dip" type trader. I will often scour the day's biggest losers for good companies. I only trade companies that I have researched and would be comfortable holding onto for weeks or months for price to recover. As far as timing, I try to take $50-200...

The amounts listed are profits from swing/day trading. My gains from the S&P500 are about $15K.

I have about $500K in my trading account. Realizing that it is difficult to beat the S&P500 over the long term as a day trader, I have devised the following strategy: Invest all $500K principle in S&P500. Swing trade with 100K-150K in margin with 10-15 x $10K position sizes(at 5.5% interest...