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A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
Geez/Puddles,
Just wanna share. Ive been trading for 6 months now. Prior to that I've been paper trading for 16 months. During the 16 months of paper trading I've made:
Gained 127 points
Lost 63.03 points
Profit 63.97 points (127 - 63.03)
On my real trading, I've made so far:
Gained 56.76 points
Lost 29.83 points
Profit 26.83 points (56.76 - 29.83)
I trade RIMM only. I trade only once a day on the open. My setups are 2 sets of settings on MACD, 3 sets of settings on Stochastic (on a 5 min chart) and another setup of Parabolir SAR on a 15 min chart.
(I won't tell what parameters I set on my MACD, STOCHASTIC, PSAR)
When all of my indicators go together (around 9:35 -9:45 am or maybe later to 10:00 am - after that I just don't trade) then I enter. My exit depents on how fast the stock moves. If the stock goes down fast and it goes according my indicator then I will scalp out as fast as I can (0.20) but if there's no hype then I would just leave it and exit when the MACD signals.
I always try not to focus on the points but focus on my exits according to my setups, I look at the whole year rather than day by day. Which is all about disipline.....
The reason i've been paper trading so long because I've been holding a long term stock for 2 years, which 6 months ago I've gained up to $31,200, which is enough for my daytrading. I trade 1500 shares per each trade. I use my whole day trade margin because I wanna make profit in full.
I can't imagine what would it be like if I trade 50,000 - 100,000 shares / trade... But for now i'm just gonna focus on 1500shares/trade.
I haven't talked to my accountant yet about wash sale/mark to market election. Because I wanta pay tax based on what I make (26.83 points) not based on my gains (56.76 points).
Just wanna share...
Just wanna share. Ive been trading for 6 months now. Prior to that I've been paper trading for 16 months. During the 16 months of paper trading I've made:
Gained 127 points
Lost 63.03 points
Profit 63.97 points (127 - 63.03)
On my real trading, I've made so far:
Gained 56.76 points
Lost 29.83 points
Profit 26.83 points (56.76 - 29.83)
I trade RIMM only. I trade only once a day on the open. My setups are 2 sets of settings on MACD, 3 sets of settings on Stochastic (on a 5 min chart) and another setup of Parabolir SAR on a 15 min chart.
(I won't tell what parameters I set on my MACD, STOCHASTIC, PSAR)
When all of my indicators go together (around 9:35 -9:45 am or maybe later to 10:00 am - after that I just don't trade) then I enter. My exit depents on how fast the stock moves. If the stock goes down fast and it goes according my indicator then I will scalp out as fast as I can (0.20) but if there's no hype then I would just leave it and exit when the MACD signals.
I always try not to focus on the points but focus on my exits according to my setups, I look at the whole year rather than day by day. Which is all about disipline.....
The reason i've been paper trading so long because I've been holding a long term stock for 2 years, which 6 months ago I've gained up to $31,200, which is enough for my daytrading. I trade 1500 shares per each trade. I use my whole day trade margin because I wanna make profit in full.
I can't imagine what would it be like if I trade 50,000 - 100,000 shares / trade... But for now i'm just gonna focus on 1500shares/trade.
I haven't talked to my accountant yet about wash sale/mark to market election. Because I wanta pay tax based on what I make (26.83 points) not based on my gains (56.76 points).
Just wanna share...
<img src="http://puddles.humanfund.ca/20101018/spy.png">
<img src="http://puddles.humanfund.ca/20101018/rimm.png">
<img src="http://puddles.humanfund.ca/20101018/ibm.png">
<img src="http://puddles.humanfund.ca/20101018/v.png">
<img src="http://puddles.humanfund.ca/20101018/sndk.png">
<img src="http://puddles.humanfund.ca/20101018/hrb.png">
<img src="http://puddles.humanfund.ca/20101018/amgn.png">
<img src="http://puddles.humanfund.ca/20101018/sun.png">
9:36
(2min play)
SHORT RIMM 48.32
STOP 48.44
TGT 48.08
- little bit weaker than SPY at the open
- short under the bar
- out +0.24
9:46
LONG IBM 142.01
STOP 141.78
TGT 142.47
- IBM very strong vs SPY
- Long over the round #
- out +0.05 on fat finger, should have bee +0.46
11:05
SHORT V 77.02
STOP 77.14
TGT 76.78
- SPY making a double top at the highs at 11am
- V stepping down through the morning
- out +0.20
14:22
SHORT SNDK 38.76
STOP 38.85
TGT 38.58
- SPY heading to highs, SNDK heading to lows
- look for continuation
- out -0.09
14:50
SHORT HRB 10.93
STOP 11.01
TGT 10.77
- HRB extremely weak through the day
- Look for one more push down under the round #
- out +0.15
15:08
LONG AMGN 57.59
STOP 57.49
TGT 57.79
- Strong since 10am, tight range at the highs
- out +0.2
15:27
LONG SUN 40.60
STOP 40.52
TGT 40.76
- SPY shows stregth after 3pm but puts in 2 big pullback bars.
- SUN stays strong as SPY pulls back
- out -0.10
http://puddles.humanfund.ca/wp/2010/10/18/2010-10-18-trades/
<img src="http://puddles.humanfund.ca/20101018/rimm.png">
<img src="http://puddles.humanfund.ca/20101018/ibm.png">
<img src="http://puddles.humanfund.ca/20101018/v.png">
<img src="http://puddles.humanfund.ca/20101018/sndk.png">
<img src="http://puddles.humanfund.ca/20101018/hrb.png">
<img src="http://puddles.humanfund.ca/20101018/amgn.png">
<img src="http://puddles.humanfund.ca/20101018/sun.png">
9:36
(2min play)
SHORT RIMM 48.32
STOP 48.44
TGT 48.08
- little bit weaker than SPY at the open
- short under the bar
- out +0.24
9:46
LONG IBM 142.01
STOP 141.78
TGT 142.47
- IBM very strong vs SPY
- Long over the round #
- out +0.05 on fat finger, should have bee +0.46
11:05
SHORT V 77.02
STOP 77.14
TGT 76.78
- SPY making a double top at the highs at 11am
- V stepping down through the morning
- out +0.20
14:22
SHORT SNDK 38.76
STOP 38.85
TGT 38.58
- SPY heading to highs, SNDK heading to lows
- look for continuation
- out -0.09
14:50
SHORT HRB 10.93
STOP 11.01
TGT 10.77
- HRB extremely weak through the day
- Look for one more push down under the round #
- out +0.15
15:08
LONG AMGN 57.59
STOP 57.49
TGT 57.79
- Strong since 10am, tight range at the highs
- out +0.2
15:27
LONG SUN 40.60
STOP 40.52
TGT 40.76
- SPY shows stregth after 3pm but puts in 2 big pullback bars.
- SUN stays strong as SPY pulls back
- out -0.10
http://puddles.humanfund.ca/wp/2010/10/18/2010-10-18-trades/