Though, if possible, I would rather not start another journal, in trying to breach this subject by posting to an established thread, I ended up parking it where I guess it did not fit. So another journal it is, I suppose...
My goal is to avoid FINRA's pattern day trader rule for U.S. citizens by devising a means of picking stocks I can purchase each day at the end of the New York session that will hopefully explode the next day so I can unload them immediately for a 3%, 5%, or even 10% return (or more). This journal will help me detail my progress (or lack thereof) so that I might go about this more systematically than I would otherwise.
Given the nature of the thread, its primary function will be to maintain a record of my wins, losses, personal thoughts and anything else related to the above; and not necessarily to do a lot of interacting.
I'm going to start with a stock screen I came up with in 2010 and see if I can improve on it. (Having spent 2011 to 2019 devising a system for day trading foreign currency pairs, I'm curious to see if insights I gained there will be useful with respect to what I was doing previously with equities.) On Friday, my filter gave me CHAP, AAOI and NCI.
Only one of my choices came through, but if the percent day change of my winners should continue to far outweigh the total debit from my losers, this will not be a problem. What I want to do now is evaluate the three of them to determine if there was anything special about Chaparral Energy Inc. that might have hinted at its performance today, and if so, try to incorporate that difference when conducting another screen today.
My goal is to avoid FINRA's pattern day trader rule for U.S. citizens by devising a means of picking stocks I can purchase each day at the end of the New York session that will hopefully explode the next day so I can unload them immediately for a 3%, 5%, or even 10% return (or more). This journal will help me detail my progress (or lack thereof) so that I might go about this more systematically than I would otherwise.
Given the nature of the thread, its primary function will be to maintain a record of my wins, losses, personal thoughts and anything else related to the above; and not necessarily to do a lot of interacting.
I'm going to start with a stock screen I came up with in 2010 and see if I can improve on it. (Having spent 2011 to 2019 devising a system for day trading foreign currency pairs, I'm curious to see if insights I gained there will be useful with respect to what I was doing previously with equities.) On Friday, my filter gave me CHAP, AAOI and NCI.
Only one of my choices came through, but if the percent day change of my winners should continue to far outweigh the total debit from my losers, this will not be a problem. What I want to do now is evaluate the three of them to determine if there was anything special about Chaparral Energy Inc. that might have hinted at its performance today, and if so, try to incorporate that difference when conducting another screen today.
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