Good Job. We had a good week for the new people on the openings as well. We "tightened up" on Friday....
Have a great weekend....
Don
Don's Openings, Part 5
- Thread starter Don Bright
- Start date
Good Job. We had a good week for the new people on the openings as well. We "tightened up" on Friday....
Have a great weekend....
Don
OK, Filled on 7, profits on 6 (gave up too soon on FNM, cost me 30 cents).....
Plus $620 (31 cents).
C: Coulda, shoulda held it....but with all the negative news, I took a quick profit.
Had bootcampers go in at .8 envelope, adjust for the indications....we'll see how they did at the morning review.
You guys??
Don
Plus $620 (31 cents).
C: Coulda, shoulda held it....but with all the negative news, I took a quick profit.
Had bootcampers go in at .8 envelope, adjust for the indications....we'll see how they did at the morning review.
You guys??
Don
3 longs
12 shorts
SDS and AIG gapped against me right away and I lost alot on them.
Then with my back against the wall I covered my longs and crossed my fingers and hung on to most of my shorts.
Ended up making $$ but I was down alot more than I made. In the end I didn't get out of all my trades 'till about 9am (cst).
The open didn't make sense again. I have no idea why those stocks went against me that quickly, and I consider my self lucky that I made money at all.
12 shorts
SDS and AIG gapped against me right away and I lost alot on them.
Then with my back against the wall I covered my longs and crossed my fingers and hung on to most of my shorts.
Ended up making $$ but I was down alot more than I made. In the end I didn't get out of all my trades 'till about 9am (cst).
The open didn't make sense again. I have no idea why those stocks went against me that quickly, and I consider my self lucky that I made money at all.
How many stocks are you putting in? We all want 3 or 4 every day, and a few more sometimes, but if you're getting too many fills, it's obviously harder to manage.
Thought this might help: Recap for my new traders (bootcamp) for this morning.
a. +1.20 b. (-.97 ouch) c.(.-10) d. +.95
e. +7 f. +.44 g. +.29 h. +.49 i. + .09.
j. + .54 k. + 1.06
So, with 11 participating, 9 winners, 2 losers, a pretty good average.
I may post this for a bit, if it seems to help anyone....my thought is that it is "one thing" to see whay I do, or my brother, or more experienced traders do, and quite another to see what the brand new people are able to do. This is a Monday, so I'll start today...
Let me know what you think....
(and, yes, I'll post the bad days too, this just happened to be a pretty good one, although not the best by any means)...
Don
Thought this might help: Recap for my new traders (bootcamp) for this morning.
a. +1.20 b. (-.97 ouch) c.(.-10) d. +.95
e. +7 f. +.44 g. +.29 h. +.49 i. + .09.
j. + .54 k. + 1.06
So, with 11 participating, 9 winners, 2 losers, a pretty good average.
I may post this for a bit, if it seems to help anyone....my thought is that it is "one thing" to see whay I do, or my brother, or more experienced traders do, and quite another to see what the brand new people are able to do. This is a Monday, so I'll start today...
Let me know what you think....
(and, yes, I'll post the bad days too, this just happened to be a pretty good one, although not the best by any means)...
Don
A dream day for me on the openings, one of my best ever. I had 9 longs and one short and a 100% win rate. $2.43 before commissions, $2900 gross. And to top it off, I upped my base size to 1600 shares today. But many of the stocks have been so active lately that I cut back the size on a lot of them. My biggest winner was C at $0.55, but I only had 800 shares in him.
nice job
Good Job Lescor!!
Don
Don
How many stocks are you putting in? We all want 3 or 4 every day, and a few more sometimes, but if you're getting too many fills, it's obviously harder to manage.
I am putting in 50 stocks. Today I used .85 on the sell side and 1.0 on the buy side (envelope). I seem to get at least one day a week where a stock that has made me $ in the past goes .50+ against me. Today I had two.
It's not the managing of 15 fills that bothers me, it's the fear that hits you when your down 1.50$ on two stocks and you have 13 other stocks to deal with and possibly add to your loss.
After a summer of managable, profitable openings, I am constantly plagued by these runaway stocks. I have been trading the same stocks for 3 months now, I guess it's time for some deletions.
I am putting in 50 stocks. Today I used .85 on the sell side and 1.0 on the buy side (envelope). I seem to get at least one day a week where a stock that has made me $ in the past goes .50+ against me. Today I had two.
It's not the managing of 15 fills that bothers me, it's the fear that hits you when your down 1.50$ on two stocks and you have 13 other stocks to deal with and possibly add to your loss.
After a summer of managable, profitable openings, I am constantly plagued by these runaway stocks. I have been trading the same stocks for 3 months now, I guess it's time for some deletions.