Day In, Day Out

ACE buy 300 if moves/gaps above 34.2, stop 33.8, target 34.7.
AMGN buy 150 if moves/gaps above 65, stop 64.2, target 67.
BSC short 200 at 76.75, stop 77, target 73.5.
BA buy 300 at 36.7, stop 36.2, target 37.8.
CDWC short 200 at 61,95, stop 62.4, target 58.8.
CHK follow breakout of [11,11.35] X 1000.
CHIR short 200 at 55.5, stop 56.5, target 53.
DLTR short 300 at 35.9, stop 36.5, target 34.5.
ESRX short 200 at 56.7, stop 57.7, target 55.
WM short 300 at 41.4, stop 41.8, target 41.
NSC buy 600 at 19.15, stop 18.88, target 20.
PDE follow the breakout of [16.85, 17.3] X 600
PHM follow the breakout of [75.2, 76.55] X 150
RDC short 500 at 24.25, stop 24.55, target 23.2.
TJX short 500 at 21.45, stop 21.85, target 20.15.
YUM buy 300 at 33.2, stop 32.95, target EOD.
UTX short 150 if moves below 81.84, stop 82.2, target 80.2.
FD short 300 at 46.6, stop 47.1, target 45.4.
FITB short 200 at 56.4, stop 57, target 55.5.
GE short 400 at 28.7, stop 29.15, target 28.15.
HAL buy 300 if moves/gaps above 24.4, stop 24, target EOD.
IACI short 300 at 38.2, stop 38.6, target 36.4.
KR short 600 at 18.4, stop 18.7, target 17.7.
LEN short 200 at 84, stop 85, target 81.2.
NE follow the breakout of [32.9, 33.4] X 300.
 
NSC bought 600 at 19.15, stopout 18.88, -$160

CHK shorted 1000 at 11, stop 11.35, target 10.3, now at 10.98 ($0)
CHIR shorted 200 at 55.5, stop 56.5, target 53, now 54.95 (+$100)
ESRX shorted 200 at 56.7, stop 57.7, target 55, now 56.93 (-$40).
PDE shorted 600 at 16.85, stop 17.3, target 16, now 16.85 ($0)
PHM bought 150 at 76.55, stop 75.2,target EOD, now 77 (+$60)
YUM bought 300 at 33.2, stop 32.95, target EOD, now 33.4 (+$60)
GE shorted 400 at 28.7, stop 29.15, target 28.15,now 28.78 (-$40)
LEN shorted 200 at 84, stop 85, target 81.2,now 84.1, (-$20)
NE shorted 300 at 32.9, stop 33.4, target 32, now 32.9 ($0)
DG bought 500 at 21.55, stop 21.15, target EOD, now 21.7 (+$50)
ICGE bought 4000 at 0.46, stop 0.4, target 0.47, now 0.44 (-$80)

So Total Realized Paper P/L: +$980

UnRealized Paper P/L: (+$90)
 
ACE buy 300 at 34.05, stop 33.5, target 35.2.
AMGN short 150 at 62.8, stop 63.1, target 61.15.
FD short 300 at 46.78, stop 47.28, target 44.5.
GE buy 400 if moves above 29.05, stop 28.85, target 29.85.
GILD buy 200 at 58, stop 57.3, target EOD.
IACI buy 300 if moves/gaps above 37.55, stop 36.95, target 39.
STT short 200 at 52.3, stop 52.65, target EOD.
TJX short 500 at 21.1, stop 21.5, target 20.2
 
CHK shorted 1000 at 11, out at close 11.33 -$360
AMGN shorted 150 at 62.84, stopout 63.1, -$70
ESRX shorted 200 at 56.7, stopout 57.7 -$230
PDE shorted 600 at 16.85, out at close 17.18 -$230
YUM bought 300 at 33.2, stopout 32.95,-$90
LEN shorted 200 at 84, stopout 85,-$230
NE shorted 300 at 32.9, stopout 33.4 -$180

CHIR shorted 200 at 55.5, stop 56.5, target 53, now 56.15 (-$130)
PHM bought 150 at 76.55, stop 75.2,target EOD, now 78 (+$230)
GE shorted 400 at 28.7, stop 29.15, target 28.15,now 28.88 (-$80)
DG bought 500 at 21.55, stop 21.15, target EOD, now 21.7 (+$50)
ICGE bought 4000 at 0.46, stop 0.4, target 0.47, now 0.44 (-$80)
IACI bought 300 at 37.55, stop 36.95, target 39, now 37.75 (+$60)
TJX shorted 500 at 21.2 at open, stop 21.5, target 20.2, now 21 (+$100)

So Total Realized Paper P/L: -$420

UnRealized Paper P/L: (+$150)
 
PHM bought 150 at 76.55, out at close 78 +$200
DG bought 500 at 21.55, out at close 21.57 -$30
IACI bought 300 at 37.55, stopout 36.95 -$210

CHIR shorted 200 at 55.5, stop 56.5, target 53, now 53.9 (+$320)
GE shorted 400 at 28.7, stop 29.15, target 27.88,now 28.35 (+$130)
ICGE bought 4000 at 0.46, stop 0.4, target 0.47, now 0.44 (-$80)
TJX shorted 500 at 21.2 at open, stop 21.1, target 20.2, now 20.55 (+$300)

So Total Realized Paper P/L: -$460

UnRealized Paper P/L: (+$670)

What a shame that yesterday's bounce wiped out most of my short positions and today started with a gap down. Well, it happened, all the time.

144 round trips so far since the beginning of this journal. To save my soul, I have got to count the would-be paper savings of commission 144 X $22 = +$3000.

So my method would be making money ? $3,000 out of a $50,000 account at IB, which is a measly 6%. In the same time, NASDAQ went from 1800 to 1900, 5.6%, SP-500 less than 4%, and DJI about 2%. After taking into consideration of slippage, the return is probably between NASDAQ and SP-500.

Please, market godess, give me some bear market so that I have something to show.:(
 
ACE short 300 at 34.05, stop 34.65, target 32.6.
BA short 300 at 36.55, stop 36.85, target 35.45.
CDWC short 200 at 60.2, stop 60.65, target 58.
CHIR short 200 at 55, stop 56, target 53.
FD short 300 at 46, stop 46.4, target 44.55.
KR short 600 at 17.5, stop 17.75, target 17.05.
MDT short 300 at 46, stop 46.5, target 44.2.
NSC short 600 at 18.55, stop 18.8, target 18.25.
 
YUM short 300 at 32.85, stop 33.15, target 32.
UIS short 700 at 15.55, stop 16.1, target 14.6.
UTX short 150 at 83.35, stop 84.15, target 82.
 
GE shorted 400 at 28.7, out at close 28.4 +$90
FD shorted 300 at 46, stopout 46.4, -$150
NSC shorted 600 at 18.55, stopout 18.8, -$180
YUM shorted 300 at 32.85, stopout 33.15, -$120

CHIR shorted 200 at 55.5, stop 55.5, target 53, now 54.8 (+$140)
ICGE bought 4000 at 0.46, stop 0.4, target 0.47, now 0.42 (-$160)
TJX shorted 500 at 21.2 at open, stop 21.1, target 20.2, now 20.94 (+$140)

ACE shorted 300 at 34.05, stop 34.65, target 32.6, now 34.18 (-$40)
CHIR shorted 200 at 55, stop 56, target 53, now 54.8 (+$30)
KR shorted 600 at 17.5, stop 17.75, target 17.05, now 17.6 (-$60)
MDT shorted 300 at 46, stop 46.5, target 44.2,now 46 ($0)
UTX shorted 150 at 83.35, stop 84.15, target 82, now 83 (+$50)


So Total Realized Paper P/L: -$820

UnRealized Paper P/L: (+$100)
 
CHIR shorted 200 at 55.5, stopout 55.5 -$30
ICGE bought 4000 at 0.46, stopout 0.4 -$270
CHIR shorted 200 at 55, stopout 55, target 53, now 54.8 -$30

TJX shorted 500 at 21.2 at open, stop 21.1, target 20.2, now 20.67 (+$250)
ACE shorted 300 at 34.05, stop 34.65, target 32.6, now 34.06 ($0)
KR shorted 600 at 17.5, stop 17.75, target 17.05, now 17.65 (-$60)
MDT shorted 300 at 46, stop 46.5, target 44.2,now 46.33 (-$10)
UTX shorted 150 at 83.35, stop 84.15, target 82, now 83.17 (+$20)


So Total Realized Paper P/L: -$1120

UnRealized Paper P/L: (+$200)

Very disappointing, time to reorganize and reflect.

One thing is the spellbook effect. I love playing those fantasy computer games. In those games, once you learned a spell, you'd forget the runes after some time, you have to relearn it to be able to use it properly again. And if you use the spell once it is no longer fresh, you could incur some very serious discomfort for youself. Same goes to the patterns and setups. I kept a list of sample charts for the setup I am looking for, but I do not go through them when I am doing the daily plan so I forget and more dangerously start to experiment things, which often gets poor result.

When I was doing my backtest, the result was much better, I remembered I wrote here in this journal $1000 gain for each session from the same group of 40 stocks with the same assumption of $30 commission charge. And now this realtime paper trading is negative, still positive for IB commission rate, but the difference is so vast. It appalled me.

In addition to the spellbook effect, I think the poor performance of the realtime paper trading is the result of inadequate time. Maybe I should just drop more sessions whenever I don't feel like doing it, then very likely I will only do 1 out of every 4 trading days. How can one make a living by working 25% of the time ?
 
ARIA short 1000 at 8, stop 8.15
ARRY short 1000 at 8, stop 8.15
BEXP short 1000 at 8.1, stop 8.25
CHRS short 1000 at 6.15, stop 6.27
CNET short 1000 at 9.3, stop 9.55
CPWR short 1000 at 7.1, stop 7.25
CRXA short 1000 at 6.8, stop 7.02
CRIS short 1000 at 6.4, stop 6.65
GAP short 1000 at 8.95, stop 9.14
GRIC short 1000 at 6.55, stop 6.75
 
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