overall a good day. Had a couple of nice trades and even got lucky with AVP at the open
covered AVP from yesterday at 42.01 which was one cent from the bottom at the open. + 119
IDCC gave a fast signal and did not allow for much thinking about it. jumped in and it worked well. + 633...
Could be better could be much worse.
CNC supprised me with the move up in the AM and started to cover to stop loss. Thats is the cause for the loss today.
moved back down and continued to buy back shares. shorted again @ 22.90. Finally closed lower than the open which I was happy to see...
no new trades but I did continue with CNC trades.
CNC has moved against me to the point where stop loss will kick in tomorrow if it continues. Its most likely to go my way at the time of stop losses but I am never willing to risk more capital than will not effect my trading.
GE and IBKR...
Best of luck to you and I will watch your journal.
remember that its more important to not lose money than it is to make money when starting out. ( you wouldn't let your 15 yr old drive a nascar car in a real race before they had a drivers license and trading isn't as easy or boring....LOL)
Not much going on today especially after the open settled down.
faded the Gap on AMGN and then watched CNC get weaker by the hour after it moved up.
+ 501 for the day / week
+ 30360 for the month
One of the slowest days in weeks.
IBKR was a little bit overdone to the down side so I picked up a few shares of that. was
Still short CNC but I traded it back and forth. Due to IBs FIFO accounting it appears at a loss.
- 1154 for the day
+ 8572 for the week
+ 29859 for the month
Have a good weekend everyone !
Traded CNC back and forth maintaining my short. Loss today is a result of IB using FIFO accounting. Otherwide would actually be showing a profit. oh well, it will come out in the wash.
I grabbed some IBKR near the LOD
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...
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...
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...
Firstly congrats on your trade so far. I think your reasoning to buy the stock was pretty strong.
I do respectfully disagree that buffet cant make a mistake as well as it couldn't fold but I think its also ok to disagree.
I would add one point though that you may or may not have thought...
What we need to solve this problem is the following:
+Universal Health care
+Deployment of our military overseas on bases for years and years
+ Extended Unemployment insurance for months and months
+ Pay for housing for people that have had their homes wiped out from storms for over...