ig0r Swing Experiment

Quote from ig0r:

Didn't get fills on my two paper trades, will try again with...

CVC @ 25.30
GBM @ 26.18

For my normal account I'm playing XEDA @ 1.25

BUY 2680 shares of XEDA, Axeda Systems
at LIMIT of 1.25 DAY
More...

Got home a little early and figured I would take a look at positions and act now if needed. XEDA did not reach profit target and I don't like how it's looking so exited just now at 1.23 instead of waiting for tomorrow morning. It's trading light volume with a 3 cent spread, I'll try to get more liquid picks next time. CVC took off without me, I think I'll use market orders to enter these paper trades from now on. GBM didn't really go anywhere, I just noticed that it trades with a pretty wide spread, I'd close the position here for a loss of a penny or two; will try to make sure the spread is tight and liquidity high for the next paper trades.

2/10/04
Current Equity: $3,297.17
Starting Equity: $2,500.00 (1/1/04)
Current Return: 31.89%
11 Winners/2 Losers

Past Trades
IONA 6.59% 1/2/04
GMAI 2.07% 1/5/04
SITI -4.24% 1/6/04
ARTX 2.22% 1/9/04
PHMD 2.45% 1/13/04
HEC 8.82% 1/21/04
CAU 2.04% 1/27/04
TWAV 2.08% 1/29/04
RTK 2.80% 1/30/04
DROOY 2.09% 2/4/04
CRIO 2.35% 2/5/04
GASE 2.48% 2/9/04
XEDA -1.60% 2/10/04
 
Found a nice lookin' FMDAY for tomorrow, a shame that I sold XEDA before close, it's up like 4% after hours, I guess I'll try sticking to the plan better next time. As far as paper trades, below are my new paper trades. I think I'll do these without the 2% profit target and trade them as more traditional swing trades, target holding length is 2-5 days.

Buy BEN @ Market
Buy MWD @ Market
Buy WHR @ Market
Buy DOV @ Market

I figure that's enough for now...

BUY 3020 shares of FMDAY, Futuremedia Public Limited Compan at LIMIT of 1.09 DAY
 
Quote from ig0r:

Found a nice lookin' FMDAY for tomorrow, a shame that I sold XEDA before close, it's up like 4% after hours, I guess I'll try sticking to the plan better next time. As far as paper trades, below are my new paper trades. I think I'll do these without the 2% profit target and trade them as more traditional swing trades, target holding length is 2-5 days.

Buy BEN @ Market
Buy MWD @ Market
Buy WHR @ Market
Buy DOV @ Market

I figure that's enough for now...

BUY 3020 shares of FMDAY, Futuremedia Public Limited Compan at LIMIT of 1.09 DAY
More...

Got my FMDAY at 1.08 and so far still have the full sell order on at 1.11, holding for another day; this one still looks good

I have 4 positions on in my paper trades now, will manage them for now and not add anymore for simplicity's sake...

BEN- Entry at 56.90, looking great so far. Will hold, still have momentum. Emergency stop will be at 57, don't expect this to be tripped but just in case. +3.64% @ 58.97

MWD- Entry at 57.82, worked out to be a homerun trade. Also will hold this one for a bit longer, still has juice. Putting an emergency stop in at 58 just in case. +5.05% @ 59.86

WHR- Entry at 73.53. Looking good so far, acting fine for me. Will put in a stop at 72, I want to give it enough wiggle room, I anticipate max another 2 days of consolidation before a move, will take off the position if it doesn't come as anticipated. +0.48% @ 73.87

DOV- Entry at 40.54. Another good mover, will hold this one longer. Placing emergency stop in at 40.75. +2.84% @ 41.69

Paper trades worked out great today, but in a great market, we'll see how they do in the future.
 
Forgot to update last night, was watching apprentice and then didn't get a chance to get on comp.

Got out of FMDAY at open with some at 1.15 and some at 1.14.

BEN- will be getting out tomorrow at market
MWD- Out right here, 59.36. +2.66%
WHR- Out here, 73.23. -0.41%
DOV- Out here, 40.79. +0.62%

Could've gone better, oh well, should've sold this morning.

2/13/04
Current Equity: $3,497.20
Starting Equity: $2,500.00 (1/1/04)
Current Return: 39.89%
12 Winners/2 Losers

Past Trades
IONA 6.59% 1/2/04
GMAI 2.07% 1/5/04
SITI -4.24% 1/6/04
ARTX 2.22% 1/9/04
PHMD 2.45% 1/13/04
HEC 8.82% 1/21/04
CAU 2.04% 1/27/04
TWAV 2.08% 1/29/04
RTK 2.80% 1/30/04
DROOY 2.09% 2/4/04
CRIO 2.35% 2/5/04
GASE 2.48% 2/9/04
XEDA -1.60% 2/10/04
FMDAY 6.25% 2/12/04
 
Nice weekend, play for tuesday is CORV, @ 2.11.

BUY 1657 shares of CORV, Corvis Corporation
at LIMIT of 2.11 DAY

Still have a fairly large long position in QQQ march calls, it just moved in the red (after an add on thursday) on friday, will probably take off half of it if the bull move does not start to resume on monday.
 
Got out of corv at 1.98, getting into WBR now at 1.08. I'm on break right now so not much time for decent updates, I'll do it all after break is over.
 
ok, have a minute to do an update lol, crazy break.

Got out of CORV for a loss, got a partial on WBR today, 3 cents on about 2200

Play for tomorrow is SVVS at 2.52

As soon as I have time I'll go back to my stockstalker paper trades, probably next week

2/19/04
Current Equity: $3,348.63
Starting Equity: $2,500.00 (1/1/04)
Current Return: 33.95%
13 Winners/3 Losers

Past Trades
IONA 6.59% 1/2/04
GMAI 2.07% 1/5/04
SITI -4.24% 1/6/04
ARTX 2.22% 1/9/04
PHMD 2.45% 1/13/04
HEC 8.82% 1/21/04
CAU 2.04% 1/27/04
TWAV 2.08% 1/29/04
RTK 2.80% 1/30/04
DROOY 2.09% 2/4/04
CRIO 2.35% 2/5/04
GASE 2.48% 2/9/04
XEDA -1.60% 2/10/04
FMDAY 6.25% 2/12/04
CORV -6.16% 2/19/04
WBR 2.78% 2/19/04
 
igOr
Well I just had to try a method somewhat like this in my account at Folio dot com. They allow 500 free "Window" trades a month so I am trying to select stocks on intraday charts (15and30 Minute) that I think will keep rising for another couple days. I've been picking 10 stocks at a time rather than just one like you. I did this because I can't put on any stop-loss orders and there are only two times per day that I can sell if one stock starts tanking. This change will reduce my overall gain but that's the only way I'd adopt your method for the restrictive Folio account. This test will expose my short term stock-picking ability for sure.... I'd enjoy reading any any extra comments on your final reasons for each pick if it's quick and easy for you to do in the future?
Thanks for keep this journal updated.. and good luck.
agpilot
 
Where do you look and how you select the stocks that you are watching?

I am comsidering doing the same thing in a small scale but I need to find a way to scan/find potential candidates.

Regards

Hamb
 
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