Damir's Trading Journal

Nothing. It's sitting. Very odd. It closed at 1.87, it's been trading in a range of 1.74 to 1.90 and is currently at 1.85. No news appeared. It's hard to believe the activity of the past three days wasn't due to upcoming news, but why did it dry up without the news, and the stock not drop hard? When it goes down, someone starts buying, but they're not driving the price up further.

What do you think? Sell that batch?

Quote from damir00:


speaking of which, what's up with that penny stock from yesterday?
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Right, the first real entry was 92.88 and we're dropping a bit now, at 92.64, so I could get another batch at the 92.58. The first real sell will be at 93.13, but there's another sell on the mistake for 93.53, which I guess I should carry till tomorrow.

Quote from damir00:

so 92.88 was the first "real" entry, right? and you don't have an entry corresponding to where we're at right now? if that's the case, pretend that first inadvertent entry was taken at the current price, and look for profit based on the new pretend-average, which is about 93.
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i don't like that, it means having more money at risk than is warranted. just write the mistake of as a mistake, treat it as an entry at 92.64, and move on from there.

Quote from OnTheEdge:

Right, the first real entry was 92.88 and we're dropping a bit now, at 92.64, so I could get another batch at the 92.58. The first real sell will be at 93.13, but there's another sell on the mistake for 93.53, which I guess I should carry till tomorrow.
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okay, You don't like the carry-over, but is it okay to take another bite at 92.58?

Quote from damir00:

i don't like that, it means having more money at risk than is warranted. just write the mistake of as a mistake, treat it as an entry at 92.64, and move on from there.
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All the anything volume on the penny today has been at 1.85. It's kind of centering itself like a spinning top toy, at 1.85. Someone seems to be either carefully buying or carefully selling at that price. I can't tell for sure, but assume if it weren't buying the stock would be dropping more after the run from 1.30 to 1.90. Not sure.
 
no. the "mistake" is "another bite". sold 1/3 YM @ 9252, +11. still two batches to go...

Quote from OnTheEdge:

okay, You don't like the carry-over, but is it okay to take another bite at 92.58?
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Okay, but I only got two bites today, even counting the mistake. But that's really the fault of the market and my mistake, both. The DIA are moving up a bit, now. I almost got that third fill several times, including just before it moved up, but I must have hit on a resistance point because it got so close every time, and never gave me the .58. Now, I hope I'll get to close something out. Looks crummy.

Btw, the basket experiment was a failure, right? I've been watching them.

Quote from damir00:

no. the "mistake" is "another bite". sold 1/3 YM @ 9252, +11. still two batches to go...
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Quote from OnTheEdge:

Btw, the basket experiment was a failure, right? I've been watching them.
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haven't had a chance to watch them, i'll take your word for it. i'll note the potentialees for a few more days then review the results in batch mode next week. not quite ready to generalize from n=1. -g-
 
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