CL Redux

Quote from Sarvise:

-1

.08

Sorry for the shorthand

-1 (short 1) at 77.08

Stop was .20, but moved to breakeven (out)
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Clever. I like the shorthand approach. :)

But just to keep any confusion to a bare bone minimum, may I suggest this instead?

b1 .08 (buy 1 @ .08)
s1 .08 (sell/short 1 @ .08)

If you have other suggestions, however, please let me know.
 
Quote from schizo:

Clever. I like the shorthand approach. :)

But just to keep any confusion to a bare bone minimum, may I suggest this instead?

b1 .08 (buy 1 @ .08)
s1 .08 (sell/short 1 @ .08)

If you have other suggestions, however, please let me know.
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Hi Schizo, how about this:

-1 .08

Problem is I have Firefox on another computer (and keyboard) to the left of my trading platform, so I only use my left hand to type in (and no, I'm not watching porn).

Also, as I explained some time ago, I "build" my position: -1 (or +1), then a second -1 at 15-25 tick profit, then -1 at 35-45 tick profit (from the first entry, or 15-25 from average price) and typing the entries and managing the stop (which is about 20 ticks initially then moves to breakeven and/or gets tighter as I add contracts, so that max risk on the whole position is 20 ticks) is a bitch.

Nice thread by the way - one of the few that are worthwhile.
 
I should trade NG today, I read the weahter thing, made me hesitate to short it when it hits 5.191 in the premarket. in the final move at 5.030, feel pissed and shorted it and stopped out at 5.046, then shorted it at 5.048 again, covered it at 4.981, a very nice trade missed!
 
Quote from Sarvise:

Hi Schizo, how about this:

-1 .08

Problem is I have Firefox on another computer (and keyboard) to the left of my trading platform, so I only use my left hand to type in (and no, I'm not watching porn).

Also, as I explained some time ago, I "build" my position: -1 (or +1), then a second -1 at 15-25 tick profit, then -1 at 35-45 tick profit (from the first entry, or 15-25 from average price) and typing the entries and managing the stop (which is about 20 ticks initially then moves to breakeven and/or gets tighter as I add contracts, so that max risk on the whole position is 20 ticks) is a bitch.

Nice thread by the way - one of the few that are worthwhile.
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Thanks for the input. The problem with your format, although creative, is that it's hard to decipher what you mean when you write "-1" at the beginning. It could easily be mistaken for a price level. So my suggestion was why not just write s1 (eg. short 1 lot).

BTW I never mentioned in the rule that you need to state how many lots you are trading. Simply stating your entry and exit prices are enough IMO. Well, unless you badly want the whole world to know how many lots you're buying and selling. :)
 
Quote from schizo:
BTW I never mentioned in the rule that you need to state how many lots you are trading. Simply stating your entry and exit prices are enough IMO. Well, unless you badly want the whole world to know how many lots you're buying and selling. :) [/B]
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I know, I'm just bragging :D

OK, then:

s .08 (short one unit, be it 1, 2 or 10 cars)

then, if no exit has been given:

s .88 (short an additional unit), etc.
 
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