Don's openings and more for 2005

2 winners on small test positions (of course), 1 loser. Decided to "supersize" my loss on the Clown House by being way too patient and stupid. He would not cooperate for anything. As a result I had my worst open in over a year, -947.50. Oh well, I'll get it back. Just one of those rare shots to the groin to keep me on my toes.

I am now on my toes...but heavily slumped over.
 
Quote from Shreddog:

After a very choppy August I revamped my approach. I have over a year's worth of statistics on my stocks, I know when I have a statistical advantage. Yet I've always traded the same size. This is equivalent of betting the same in Hold 'Em whether you have AA or 54. Makes for very choppy results, like I had in August.

So I've started aggressively adjusting my share size based on my statistics. This was a lot of work to get my home made software to deal with this flexibility. Today was my first day with the new methodology.

Only one day's results but......I'd say I got paid for my trouble.

5 fills +1252, 4 winners, 1 small loser. My capital usage was, if anything, less than average which is important to a retail trader.

+540 can be absolutely attributed to my more agressive strategy.
More...

Bravo... Good use of strategy... are you using excel or VB project to do breakdowns... or??

cj...

:)

__________________
HAVE STOP - WILL TRADE

If You Have The Vision We Have The Code
 
Quote from EdgeHunter:

Bravo... Good use of strategy... are you using excel or VB project to do breakdowns... or??

More...

Thanks! It sure is nice to find a high probability setup, bet big and win on the very first day. It's hard to believe I waited this long to make this upgrade. Shows my weakness as a programmer..... :p

I use an Excel spreadsheet to store my data and calculate all my entry prices. I then use a VB project to submit the orders and help with managing my exits. There's a lot of legacy to all this, I started with an Excel spreadsheet and submitted orders with it. But as I progressed I required more than Excel could deliver, so I started using VB. Still, I like the "visibility" the Excel spreadsheet gives me so I've kept it as my "database". It looks remarkably similar to IB's sample spreadsheet, plus a whole bunch of extra crap. :D
 
3 fills / 1000 sharesd each

1 short / 2 long +340.00

bailed on hpq for a loss...should have waited

-.45 / + 1.05 %

blocked the oils and hd
 
8 fills, -676. PRU was awful. I had already sold half for a profit and then the bottom dropped out of it. I've had excellent results buying these drops on PRU before. I nibbled and nibbled some more, just missed getting out and ended up taking a loss.

The good news in all this is my new position sizing saved me probably $700 today as I played PRU and WMT much smaller than I would have. So it does appear I'm maximizing my gains and minimizing my losses.

Considering the debacle that was PRU, I can't complain too much. That was an unusual situation.
 
Yeah, lots of stocks were wild this morning and gave no chance at all. Bad day for me with lots of fills ,... need to check my spreadsheet if I screwed up something, havent done so yet.
6 losers, 15 flat (up or down less than 50USD) and 3 winners for a net of - 500USD.
Shreddog, what execution platform are you using?
 
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