Very nice! I'm practicing all in/scale out in sim and although the end result is good, I'm not very pleased with my trade management at all.
I'm pretending I'm trading live and actually making the same dumb mistakes I would if trading live :eek:
Nev, I'm not sure exactly where you shorted, but when you have a lot of long lower wicks (9:00am, 9:10, and 9:15 bars) at the bottom of a strong move down, price is finding strong support and will likely stage a decent bounce.
CF P/E is 10
TNH is 14 (and their div is 6.3%)
The others:
AGU P/E is 26
MOS is 37
POT is 27
Does anyone know if these high P/E's are justified compared to CF & TNH? MOS future earnings projections are the worst of the bunch and yet they're trading at a premium.
That is very cool. I reached a point early this year after some moments of overtrading insanity where I realized that the less I traded, the better my trades, because when I was very patient and waited for the best setups, they worked. I spent months manually backtesting bar-by-bar with stops...
They are indeed! We have a few king snakes around the yard, so hopefully they'll keep the rattlers at bay.
I always wonder about these stocks that seem to have no positive earnings, yet they go up, with the exception of biotech where you're hoping for future results based on something...
I have yet to average down in my live account. I just don't see any reason for it in day trading.
Now if I was building a swing position near an extreme, looking for RTM (like ammo and AMT do), that would be different, but for now I'm strictly day trading.
Not a bad day +$822, but missed a lot of early opportunities.
I think today might've been my first live long breakout trade.
I posted all my calls live, so unless some has a burning desire to see the blotter with exact times down to the nanosecond, I'm calling it a day!
Sorry, took a break. What do you consider "size". My DOM shows 10 levels and most of the size is on the sell side right now.
OK< never mind it turned over rather quickly...