Oh lordy.
I really thought I was quite clear that this was to be a
swing trading competition.
Personally, I thought it was obvious that swing precluded daytrading; ie, trades opened and closed on the
same day; minus stops on losers (or simple bails, for other reasons besides price.)
To T-Rex and others who have posted
clear daytrades, I really do appreciate your enthusiasm for trading. That's much better than the usual crap on ET these days. However, I really did want to keep this a
pure swing trading thread.
I had imagined people holding positions for like a minimum of 3-5 days, although the requirement is overnight.
I had imagined people being a little selective in their trades; not just 'oh, a competition. quick, better find something to trade'. Although that is a personal choice.
Guys, it also really would be a much better idea to hold off on the congratulations for winning trades. I'm not a fun cop, but posts like that just tend act as catalysts for further thread degradation. A modicum of maturity in this matter would be
greatly appreciated.
Also, traders needn't feel they have to report their current profit or loss situation, as I will tally everybody's results at the end of the week and report on open positions. In fact, I would prefer it if this was the case, as it tends to keep the thread tidier for people trying to follow it.
I apologize for being away today. I'm actually on vacation, recovering from a previous daytrading career
)) and I wasn't home all day. But you needn't worry. If this thread begins working how I think it can, I'll be monitoring everything. Any questions, just post here or PM.
Magna, I'm going to ask for some more intensive moderating on this thread over the next couple of weeks, if that's okay with you. (Yep, I realize you have a life too, and you're probably already stretched.) I think if we can keep a tight ship on this thread in that time, those with a serious interest in it can really make it a good one by then, and hopefully want to keep it that way. So, if with advance apologies to all, if we could begin deleting posts that are to do with day trading, back patting, trade discussion by others save the actual trader making the trade and any other inevitable BS that is part and parcel of ET, I think it would
really help this thread work. In other words, lets focus on the swing trades.
AMT, quite a hefty position you built up there today. No problem with that, I guess, however the Adds would have to have been closed out to comply with overnight margin rules. I'd like to hear your, or anyone elses, suggestion for how to handle this one.
T-Rex, nothing personal, but I'd prefer it if you only posted swing trades on this journal please. And continued any other discussions on anything else on another thread. Otherwise, I'll have to ask magna to delete your posts. I'm not sure whether that's possible, but if so, I think it would be the best idea.
The same goes for everyone else.
I've got some stocks on my watchlist that I'll be looking to take a position in the next day or so, depending on what's going down (not literally) in the broader market. Post 'em when I make 'em.
To other participants, thanks for joining in. Hopefully we ride out these rough patches in the beginning, so stick with us a bit longer!
To casual readers, why not join in?
