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RedRat, Hey thanks for reviving this thread. Although I have a discretionary thread running, that is not where all my focus is. I am still actively developing automated strategies as well. The same basic strategy I started this thread with, I have still been tweaking. I have made a number...

I misspoke earlier when I said a 3 cap limit, forgot that i'm currently in 4, not 3 positions. So i will be maintaining a 4 position limit for the time being. Here is the update of where everything currently stands: Open Positions DSX +9.1% GPS +1.1% MCD -.17% EV -10.2% Total for...

Because both of these stocks gapped at the open, I have not entered positions in either. Due to the severe downward bias in the markets currently, I am going to impose a 3 position cap on this strategy. meaning I will play the 3 open positions i currently have, and not open a new position until...

The stocks for tomorrow are: SIRF URS

To learn how to program using interactive brokers API i would recommend: http://www.stockbotprogramming.com if you want a system already mostly developed I would recommend Jsystemtrader.. you still need some programing experience to use it.. but its something a non programmer can easily...

Also you may find not many people comment on this journal due to this type of trading is generally considered "unpopular". Books always tell you don't try and catch a falling knife... but I think this type of strategy can show very low risk high reward opportunities when done correctly. Just...

I look at a lot more than just if they have gapped down at the open to determine if they are due for a bounce. I look for stocks that have been selling off very hard for the past several days. I also look to see if the stock is near a area that may offer potential support. Also like to see that...

Due to the initial gap up on MCD, I will not enter a position yet, will wait for it to pull back to yesterdays close, or not enter at all.

The only stock I plan to enter at or around the open tomorrow is: MCD

All positions are still open. The current PL for open positions as of todays close is: GPS +2.35% EV +.05% DSX -.75% Open Positions Total: +1.65% Closed Positions Total: 0 None of the stocks closed above the high of yesterday, so none of them are set to be closed at tomorrows open.

Ok I have been filled on all 3 stocks.. the price shown in the average fill price INCLUDING the commissions I was charged: DSX $21.28 GPS $17.03 EV $36.88

Generally I stick to automated trading. However, for this journal I will be posting my discretionary trades I plan to make the following day. These will be swing trades with a max holding period of 5 days. I will post the stocks I plan to buy at or around the open of the following day. I...

EDIT: never mind I just checked and realized they started them with 1 million not 100k this year. So the results are not as outrageous as it appeared at first glance...

It looks good so far.. but its only 6 months of testing and a little under 200 trades. Its almost certain that when you run this over the 2 years of data like you plan it will look NOTHING like this. I'd be surprised if its even net positive over the missing 1 and 1/2 years..... However...

No, Ex-Dividend day was today. Meaning you had to buy BEFORE today in order to be on record by the 24th

For in the future, here is the proshares distributions..http://www.proshares.com/funds/distributions For DDM for example you see: .36 for the normal dividiend which everyone is familiar with... The one you been getting every quarter... Then you have for this qtr: 3.44 for short term...

Take a look at december 20th 2006... You will notice the same exact movement in these ETFS. In fact if you search hard enough you can find several posts about people panicking just like this year ;)

I don't have time to go hunt down the exact amounts... but from looking at todays price vrs yesterday closing the dividiend for QLD appears to be around $5, and around $3.50 or so for DDM....

DIVIDENDS...... today is th Ex-Dividend date for proshare's ETFS.

Dividends