Search results

Weekly Update for week 30/50 ended 8/05/2011 Another great week, up 20k( 9% ). The volatility in the market introduced a flurry of activities in my automated/mechanical system. Much of that activity was on Wed/Thurs/Fri. Scooped up some oversold stocks on Wed, made a little gain selling...

Weekly Update for week 29/50 ended 7/29/2011 Good week, up 11K (5.2%). Slow and steady week. No major loss to report. +2305 from 3 auto trades, +7517 from 7 discretionary trades, +1317 from 13 experimental trades. Earnings season made for a lot more activity than expected...

Weekly Update for week 28/50 ended 7/22/2011 Bad week, down 10K (4.7%). Should have been a nice week, with little losses and better gains, but came IDCC on Wed and knocked nearly 21K off my automated and discretionary foray. Had a chance to get out, but failed to act before an afternoon...

Baron's magazine? That wouldn't be newsworthy. It would be though if it is Barron's.

Weekly Update for week 27/50 ended 7/15/2011 Modestly positive week, up 4K (1.8%). Second week of putting my system in place. One core discretionary trade +3.8K, two automated trades +1.9K, 7 experimental trades, -1.7K. Opening Balance: 220,089 Net gain for the...

Weekly Update for week 26/50 ended 7/08/2011 Flattish week, down $544 (0%). First week of putting my system in place. Glad played according to script. Lost 2.4K in one automated trade, break-even on one discretionary trade, and made 1.9K from 5 experimental trades (the ultra-low size...

You know what, I bought 10 (yes all of 10!) JUL 280 CALL contracts @7.50, as it wasn't a core trade, it fell under the umbrella of "experimental" trades, hence the puny size - my system would not allow me to take size on experimental trades. Quickly got out @ 9.20 (net 1.7K), leaving oodles of...

I do not have any instinct to carry anything overnight, in spite of sometimes seeing such positions could have worked in my favor. The peace of mind that comes from knowing I am not sweating over what might happen overnight is important. At the end of the day I can walk home to my wife and two...

Weekly Update for week 25/50 ended 7/01/2011 TERRIBLE run of weeks, down 31K for the week and down 112K for the month. That is the tragedy. A couple of weeks ago, I menioned I was turning to purely systematic trading, and have been working towards getting my system in place by start of...

Tragedy has struck!!!!!!!!

Weekly Update for week 24/50 ended 6/25/2011 Another bad week, down 21K (7.6%). Now finally broke to the downside of the prior lows. This is getting embarrassing. Two bad option fades in MCP on MOnday and Oracle on Friday combined to knock off 20K from my account. Continuing with the...

Weekly Update for week 23/50 ended 6/18/2011 Disastrous week, down 29K (9.7%). Now testing the low levels for the year for the third time. Depressing. The story of the week was FNSR on thursday with options. What should have been at worst a modest loss became a 47K nightmare. I saw that...

Weekly Update for week 22/50 ended 6/11/2011 Negative week, down 3.7K (1%). Just couldn't retain the positive in my account. Started this week with different allowable sizes based on the different conviction levels. Will work further for my automation to implement the sizes for the...

Weekly Update for week 21/50 ended 6/4/2011 Disastrous week, down 30K (9%). The big melt-down was the market sell-off on Wednesday. Suffered a rout in my automated trades, with the single biggest loss in an automated position. At the end of the week lost 21K in my automation. Discretionary...

What is it again that you trade that ALWAYS reverts to the mean? Enron? Worldcom?

Weekly Update for week 20/50 ended 5/27/2011 Moderately negative week, down 2K (0.6%). Now basically flat at where I started the thread this year. My broker is much richer from these trades (+32.5K in commissions). For the week, +6K from automation, -8K from discretionary. For the...

hehe..uhuh. That was not on my radar at all (got to learn about it on Cramer show afterward). In any case, I think it was not shortable (on IPO day).

Weekly Update for week 19/50 ended 5/20/2011 OK week, up 15K (4.6%). Another week of being tossed up and down. Glad it ended on the positive side. Each day it appears there are always negative trades to damper the good early trades. Such was the case on Monday. Was up +17K at a point (with...

Nope. Regular filer with short-term cap gains.

Discretionary has always outperformed the automated - until last year. It's too soon to say give up on discretionary, but I am surely trying to automate as much as I can.