if you could actually throw in the numbers you used to come up with your Citibank trade this morning. I know you have probably done this here before, but there are many of us here interested in this strategy that are late to your party. Thanks.
Don's openings Part 3
- Thread starter Don Bright
- Start date
hey guys we have been over this ground.a little reading of past threads would make don not have to repeat himself so many times.
try this.
http://www.elitetrader.com/vb/showthread.php?s=&postid=34998&highlight=txn#post34998
try this.
http://www.elitetrader.com/vb/showthread.php?s=&postid=34998&highlight=txn#post34998
Be careful of "shakeouts'"..we never had an "up market" today, little or no premium in the spoos at all, so holding a few minutes could have made a big difference.
Like I said, getting in is easy, the art and science is getting out (day 2 of school)..
Don
PS: Speedracer, see your PM.
i got hurt in NKE on 24 cents in slippage on 3 of the 5 lots i traded. then i gave back profits in two. so i had two scratch trades and a loser. should've been up about a quarter overall, not down a quarter. very, very poor trading on those two.
i've created a large watchlist, and shorts pretty much got crushed across the board. there were a few exceptions, but not many. and in those that were exceptions, if you didn't get out in a minute or two, your profits were gone.
i'm taking NKE off. 1 winner 1 scratch and 3 losers since june 1st (combined actual trading and backtesting).
i've created a large watchlist, and shorts pretty much got crushed across the board. there were a few exceptions, but not many. and in those that were exceptions, if you didn't get out in a minute or two, your profits were gone.
i'm taking NKE off. 1 winner 1 scratch and 3 losers since june 1st (combined actual trading and backtesting).
There were bad Friday closes right and left on many data services this morning. Tradestation, which is what I copy to my spreadsheet from, was full of them. I had to manually adjust all the closes, which fortunately were accurat on IB's feed. It looks like you calculated off of a bad number.
OK, let's not get confused on why this strategy works so well. It's not just the "getting in" via a spreadsheet or a watchlist....you need to trade the same stocks every day so you can learn how they trade...you must KNOW where they closed the day before, and if your data vendor has a wrong quote, then you simply fix it.
Repetition makes for success in this and most trading....seeing the same events makes it easier for you to counter it.
Pick 10 -20 stocks, after you feel comfortable, and use the same stocks every day (adjust one or two when you feel the need to).
Remember the betas, sectors, news, and all the rest.
Good Luck!!
Don
Repetition makes for success in this and most trading....seeing the same events makes it easier for you to counter it.
Pick 10 -20 stocks, after you feel comfortable, and use the same stocks every day (adjust one or two when you feel the need to).
Remember the betas, sectors, news, and all the rest.
Good Luck!!
Don
4 for 5 today, got out of TXN too soon, I think...
+1320....
.80 envelope....pretty much textbook....
How are you guys doing??
Don
+1320....
.80 envelope....pretty much textbook....
How are you guys doing??
Don
Netted 59 cents on 3 out of 4. Kicked two stocks out of my list that haven't done anything for me for months, and caused a little pain over the last few days. Had a fairly minor drawdown over the past 5 sessions, hopefully today starts a new win streak. (And it does seem to go in streaks.)