April Trading Journals

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...Finally, I trade baskets - the same 20 stocks in the basket everyday - do you know if it would be possible to purchase bullets for my stocks for the entire month instead of having to pay each day? and what is the cost for bullets ?
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A "long" term bullet is called a conversion. This is what you want to ask for.

nitro
 
Originally posted by traderjimbo
I know you mentioned it before but I lost the Post - what is your current payout - and are you currently keeping all of your payout or still contributing to your capital account ?

Can you trade the qqq's and spy's on island and what would be your commission ?

Finally, I trade baskets - the same 20 stocks in the basket everyday - do you know if it would be possible to purchase bullets for my stocks for the entire month instead of having to pay each day? and what is the cost for bullets ?
thanks
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Bullets at ECHO are 2.5 a share WITH NO MINIMUM.

Conversions as Nitro (aka Vinny hehehe....sorry again Nitro)
mentioned cost .05 a shares initially but due to having to go through the floor be prepared to sometimes have to pay more in the spread (not always as my conversion I got for a .05 credit :) ) The problem with conversions is the HAIRCUT. They tie up capital for the firm and anything over 6 times your equity will cost you 2% per year.


WorldCO has different figures
Robert Tharp
 
Slow day as I could not blow the game open. 9100 shares each way on 8 of 12 shooting, +669 before commissions, +512 after, no bullets.

Pre-Market: Declined oil price.

9:30: Got 23 cents from the lone MER fill, still a solid start.

9:35: Tried GPT all day as I churned 3700 shares each way in that stock only to make just 24 dollars before commissions. I had some decent profit after I took it from the intraday double bottom but the failed breakout and churns made it impossible for me to hit a huge hit. Tried OI/NOR and churned too. Not a great day for breakout follow throughs at least not for me.

9:45: Went long WDR for 20 cents.

10:00: It would make sense that on oil price declines airlines would go up but I only had 300 shares CAL for 40 cents as I didn't trust the move. Caught 50 cents off SPF but on just 200 shares as I could not get filled.

11:50: Churned HP/ESV/P but got 40 cents from SGY on a weak energy bounce.

3:00: Churned more GPT :-(

Team Stats:

9 of 10 active traders
67500 shares each way on 29 of 61 shooting (48%)
+1155 before commissions (4 of 9 positive)
-470 after commissions (3 of 9 positive)

Top 3 Symbols: APA, MER, CAL
Bottom 3 Symbols: PHM, BK, MUR
 
Yes, you can trade anything you want.

And yes, my average position size nowadays is 500, with occassional 1000's when I think it is a sure bet.

And yes, I need to be more aggressive now that I am getting consistent results.
 
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