How do you rate this performance today?

F

farmerjohn1324

Keep in mind that I never intend for trading to be my primary source of income, or even close.

I placed an order for 1126 shares of TMF for market open today. This is 3x leveraged 20+ year bonds. I bought at $36.82.

Within an hour of market open, it was at $37.86 so I saw a quick profit of over $1,100 and sold for a gain. I don't have much experience actually making a profit in real trading so it felt good to close with over $1,100 in such little time.

I figured it was a safe bet that bonds would be higher today given all this virus stuff. And even on the chance they were down today, they would be up some time in the next week or so for sure higher than at levels I bought them.

So that's great except now if I would have held it just a few hours longer, I'd be up $5,900!!! TMF @ 42.12.
 
Learn about and trade around ATR.

Edit: to be clear, something like this is OK:

1. You think it's going to trend up
2. ATR is 50 points
3. Buy at what you think is LOD
4. Add trailing stop of 25 points
 
Sorry, only 8/10 for me. Since you admitted a mistake and said you should of held longer can't be a perfect 10/10.
 
trdes said:
Sorry, only 8/10 for me. Since you admitted a mistake and said you should of held longer can't be a perfect 10/10.
More...

My bet if I were day ttading tomorrow would be SPXL. 3x S&P Bull.

Based on its +6.21% post-market.

However, I'm not going to actually do it because I won't bet against trend.
 
farmerjohn1324 said:
Keep in mind that I never intend for trading to be my primary source of income, or even close.

I placed an order for 1126 shares of TMF for market open today. This is 3x leveraged 20+ year bonds. I bought at $36.82.

Within an hour of market open, it was at $37.86 so I saw a quick profit of over $1,100 and sold for a gain. I don't have much experience actually making a profit in real trading so it felt good to close with over $1,100 in such little time.

I figured it was a safe bet that bonds would be higher today given all this virus stuff. And even on the chance they were down today, they would be up some time in the next week or so for sure higher than at levels I bought them.

So that's great except now if I would have held it just a few hours longer, I'd be up $5,900!!! TMF @ 42.12.
More...

The for sure higher than at levels I bought them part is dangerous
 
Here's some trading I did today... I missed out on the great SPXL because I didn't want to risk large amounts of real money betting against the trend.

Towards the end of the day, I decided to put $50,000 into SPXS (3x S&P bear). At first I thought the S&P sure to go down tomorrow after such a great day today while still in this crisis. But then I immediately changed my opinion when I thought further...

The S&P will go up more when the stimulus bill is signed, which seems imminent. So I sold my SPXS and bought SPXL. I lost $350 in the brief minutes that I owned SPXS.

But now I'm ready for the stimulus package to pass and hopefully more gains in S&P. I bought 2266 shares of SPXL at $22.06.

There's still a large part of me that thinks I may be developing a gambling addiction and that I should just stop and focus on my real business.
 
You must log in or register to reply here.
Back
Top