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A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
Quote from BostonKiller:
That's what a real discipline is all about. You have more losers than winners, yet you are nicely profitable on the year. Way to go, my friend. Way to go!
I've been following this thread almost since day one and I'm convinced that geez's success is due primiarily to his rock solid discipline - he sets his stop and target immediately and rarely (occasionally) changes those based on his rules. I'm guessing he could be successful with purely random entries - now that would be a good bet!
Quote from mikea59:
I've been following this thread almost since day one and I'm convinced that geez's success is due primiarily to his rock solid discipline - he sets his stop and target immediately and rarely (occasionally) changes those based on his rules. I'm guessing he could be successful with purely random entries - now that would be a good bet!
Here is a little tid bit for people to nibble on regarding sticking to your trading plan. Here are some results from today's trading and then ask yourself if you would have obeyed your trading rules (..mine set in stone):
*RIMM long went +.55 in my favor (tgt was .80)..stopped for .40 loss.
*FISV short went +.24 in my favor (tgt was .50)..stopped for .25 loss.
*AAPL long went +.52 in my favor (tgt was .60)..stopped b/e
*WLP long went +.29 in my favor (tgt was .30)..stopped just before EOD for +.14 gain.
Quote from BostonKiller:
That's what a real discipline is all about. You have more losers than winners, yet you are nicely profitable on the year. Way to go, my friend. Way to go!
Don't forget that I trade with a $14 commission roundtrip. For new traders who may be reading this, take a second to multiply 397 trades by $14......($5,558.00).
Do not underestimate how valuable a good commission rate can be.
(read DO NOT pay $14 per roundtrip)
Quote from geez:
Don't forget that I trade with a $14 commission roundtrip. For new traders who may be reading this, take a second to multiply 397 trades by $14......($5,558.00).
Do not underestimate how valuable a good commission rate can be.
(read DO NOT pay $14 per roundtrip)
Any idea how many shares you've traded? Just curious what the per share rate is overall. That $14 is a killer on small share trades but not so bad once you get up around 1200 or more.
Btw, it's fun to watch you keep firing away everyday. As you know my trading is a little more helter skelter.