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I don't know if your platform has the ability, but I have alerts automatically set so when my stocks moves significantly higher, I am notified. I could also set them to notify when they have moved lower. This way you would know it is still in a range unless an alert is triggered, so you...

Initial Capital (9/1/2011) $66,969 Total Net Profit $3,344.79 (Per Share) $0.35 Gross Profit $3,947.09 Gross Loss ($602.30) Profit Factor 6.55 Total Number of Trades 75 Percent Profitable 76.00% Winning Trades 57 Losing Trades 18 Avg. Trade Net Profit $44.60 Avg. Winning Trade...

Before I get into this month's performance, I wanted to talk about my SLW trade as there were several elements to it, and it happens to be my largest winner so far this month. It would have exited around the open had my now disabled profit stop been enabled. However, seeing how it had opened...

I am holding a couple gold stocks and one silver stock entered today, while selling the rest of my holdings either by being stopped for a gain or exited at the close. Which brings up why I am posting. I decided to disable my stop when a trade has turned a decent profit. What happened today...

From what I can tell, dip buying is back in favor. I sold my IWM as it topped out this morning, bought it back in the afternoon, and then sold at the close. I want to be more mindful of when an opening range is established like today, and then place buy or sell orders around these extreme...

Initial Capital (9/1/2011) $66,969 Total Net Profit $1,074.49 (Per Share) $0.17 Gross Profit $1,515.08 Gross Loss ($440.58) Profit Factor 3.44 Total Number of Trades 45 Percent Profitable 68.89% Winning Trades 31 Losing Trades 14 Avg. Trade Net Profit $23.88 Avg. Winning Trade...

I just finished programming a disaster stop into my system. If system wide open losses exceed 20% of the net equity, then all positions are closed. This should help keep me from over using margin, and get me out if markets go into a 1929, 1987 type free fall. It appears all the great traders...

Hi benwm, I made improvements, which I have described, that would have mitigated the damage done recently. I am currently reading several books for motivation and some new ideas. All of us have our own path to follow. I thought the journal would help me follow my system better. I still...

This is from TradeStation help: Composed Equity Curve at Close: This graph shows the cumulative equity value, at the close of each day, across all symbols included in the report. It displays the cumulative equity (in $) vs. the date scale for all trades. Equity Curve Line (Graph): This...

Initial Capital (1-1-2011) $47,853 Total Net Profit $7,162.37 (Per Share) $0.03 Gross Profit $70,131.11 Gross Loss ($62,968.74) Profit Factor 1.11 Total Number of Trades 1677 Percent Profitable 60.94% Winning Trades 1022 Losing Trades 653 Avg. Trade Net Profit $4.27 Avg. Winning...

Let me have a go at it:

This journal freaked me out when I first read it because it sounded very similar to one aspect of my strategy, namely the use of limit orders outside of the noise. I currently stick with stocks having a 10 day and 3 month average > 50,000 shares though.

Initial Capital (8/1/2011) $75,829 Total Net Profit ($9,484.48) (Per Share) ($0.31) Gross Profit $11,113.71 Gross Loss ($20,598.19) Profit Factor 0.54 Total Number of Trades 175 Percent Profitable 58.29% Winning Trades 102 Losing Trades 72 Avg. Trade Net Profit ($54.20) Avg. Winning...

I took a couple fades off the open with two short ETFs. Only problem was I forgot to change the input setting for position size when I changed my code back to per dollar amount rather than per share, so rather than buying 100 shares of each, I bought 100 dollars of each, lol. Things...

Daily commuter vehicle. Dang, I love going to work!

Initial Capital (8/1/2011) $75,829 Total Net Profit ($15,425.97) (Per Share) ($0.73) Gross Profit $7,796.54 Gross Loss ($23,222.51) Profit Factor 0.34 Total Number of Trades 149 Percent Profitable 43.62% Winning Trades 65 Losing Trades 83 Avg. Trade Net Profit ($103.53) Avg. Winning...

I made some changes to my system going forward, which should minimize volatility. While I enter positions in 1/3 and then 2/3 increments, I was working under the false assumption that not all my positions would get the full 3/3 fill, which happened during the great sell-off of 2011. In normal...

Hi Konanz, I always knew my system is subject to damage from market corrections. I plan to hedge by limiting exposure upfront rather than through pairs trading. In the past, I always seemed to do better in my Roth IRA cash account than my margin account. I think this is so because I am...

A friend of mine told me he got out of the market yesterday when the DOW closed down over 600 pts. The media was also reporting brokerages were being flooded with calls with people wanting to liquidate their accounts. When the markets become “cocktail party conversation” by the average Joe...

Hi CA04, if someone thinks stops are effective on a day-to-day basis with a dip buying strategy, then they can use them. The way to survive the recent selloff, other than predicting it ahead of time, would be to limit more the number of open positions allowed. After the selling subsides, we...