Don's Openings and More for 2006
- Thread starter Don Bright
- Start date
- Status
I've been pretty busy with bootcampers (24 this time, a new record...and we had 54 in our 3 day school...interest in trading is on an upswing it seems).
OK, this week...First the bad news, and a hard lesson. One thing I do to help the new people is verify their Opening only calculations upon their request. To do this, I simply type their stock in my spreadsheet...and then delete them....Well, evidently on Friday last week, I put in TDW (Tidewater, something I would never consider trading, in fact I remember suggesting strongly that the new trader get rid of it). TDW was not on my quote window on Redi....so a few minutes ofter it opened I noticed it in my position window...short 3,000 shares...it opened at .40, next trade .85 showed a gap of .85-.25 which is about where covered, losing nearly $3k....(it went up another dollar, so I felt "ok" but still irritated at myself).
Sooo, anyway...Tuesday I went back to my fully automated program (the other, in bootcamp, simply sends orders, they learn to cover manually at first)....I told them that I couldn't afford to spend any more opening only time with them for a bit, LOL....
Tuesday +$780, Wednesday +$640, today about $350....and I hope to have "really" good Friday to get back to even for the week.
(stupid, stupid, stupid)...
The things I do for my traders to show them what not to do. LOL...
Don
OK, this week...First the bad news, and a hard lesson. One thing I do to help the new people is verify their Opening only calculations upon their request. To do this, I simply type their stock in my spreadsheet...and then delete them....Well, evidently on Friday last week, I put in TDW (Tidewater, something I would never consider trading, in fact I remember suggesting strongly that the new trader get rid of it). TDW was not on my quote window on Redi....so a few minutes ofter it opened I noticed it in my position window...short 3,000 shares...it opened at .40, next trade .85 showed a gap of .85-.25 which is about where covered, losing nearly $3k....(it went up another dollar, so I felt "ok" but still irritated at myself).
Sooo, anyway...Tuesday I went back to my fully automated program (the other, in bootcamp, simply sends orders, they learn to cover manually at first)....I told them that I couldn't afford to spend any more opening only time with them for a bit, LOL....
Tuesday +$780, Wednesday +$640, today about $350....and I hope to have "really" good Friday to get back to even for the week.
(stupid, stupid, stupid)...
The things I do for my traders to show them what not to do. LOL...
Don
10 fills / 16500 shares / net short 12000
9 short / 1 long / -2217.00
- .55 / +1.45% (expanded due to market conditions)
knew i would be short...had 2 opportunities to get out for a small profit
was waiting for buy wave to end...hit uncle point and was stopped out on almost all stocks...
markets breaks and position goes positive...too bad i am already out...
position had a swing of -3516.00 to 2220.00 positive according to system...
i am starting to not like fridays...
9 short / 1 long / -2217.00
- .55 / +1.45% (expanded due to market conditions)
knew i would be short...had 2 opportunities to get out for a small profit
was waiting for buy wave to end...hit uncle point and was stopped out on almost all stocks...
markets breaks and position goes positive...too bad i am already out...
position had a swing of -3516.00 to 2220.00 positive according to system...
i am starting to not like fridays...
Decent Friday +$650 ..only loser (which coulda been worse) was AFL. BBY was great ....big price improvement. Just about back to even for the week after that stupid Monday, LOL.
Don
Don
Missed opening yesterday.
Today, boy talk about leaving money on the table.
Bought 3,000 BMY at 20.99 sold out by 21.14 (now near 21.40).
But...the real mess..
Sold CC at 25.00...covered at 24.88 came down another 40 cents within 10 minutes...
(For the thousandth time)..."Gotta get a longer attention span"..
Oh well, 5 days straight winners, 19 of 22.
Don
Today, boy talk about leaving money on the table.
Bought 3,000 BMY at 20.99 sold out by 21.14 (now near 21.40).
But...the real mess..
Sold CC at 25.00...covered at 24.88 came down another 40 cents within 10 minutes...
(For the thousandth time)..."Gotta get a longer attention span"..
Oh well, 5 days straight winners, 19 of 22.
Don
- Status