Intraday/Swing Plays

TODAY'S EXECUTIONS:

13:46:31 PKS BOT 2000 17.01
13:28:19 PQE SLD 1000 43.61
11:39:42 PQE SLD 700 42.7
11:09:46 AOL BOT 2000 24.24
10:57:08 SBUX BOT 2000 23.63
10:58:01 ADBE SLD 2000 38.94
10:56:12 HD BOT 2000 48.62
10:09:21 LU SLD 4000 4.65

OPEN POSITIONS (OVERNIGHT):

Long PKS 2000 17.00 +0.25
Long SBUX 2000 23.63 +0.33
Long HD 2000 48.62 +0.38
Long DNA 2000 51.97 +1.75
Long MLNM 2000 22.60 +2.66
SHort IBM 1000 106.61 -0.01
Long HET 2000 42.92 +1.21
Long BBH 1000 127.47 +0.18


CLOSED P&L: $6,072 OPEN P&L: $13,400

TOTAL CLOSED P&L: $20,453

This track record P&L is based from trading
for 7 business days (including today) starting
on March 6th, however, I was on vacation all
of last week. At then end of this week I will
post % ROI and ROE.
 
Originally posted by Seanote
I don't know anyone who went broke taking profits.....nice play on OVER! I wouldn't worry that it's still running. This stock is very volatile right now and is in the gambling stage. I'm waiting until the morning to see what shakes out overnight and pre-mkt.
More...

Taking the middle 80% is enough for me. Made $1.34 down and $1.85 up in 2 days so I can't complain.
 
I am really enjoying this thread. How do you size your positions? I typically size mine based on my stoploss point and the amount I am willing to risk. For example if I am long at 42 with a stoploss at 40 and I am willing to risk a 1k loss then I would buy 500 shares -- 1000/(42-40).
 
Seanote
Congrates on your on the mark trading. Terrific posting.
Especially for those of us that don't trade that size or that well.
Keep it up please.

:cool:
 
When I first started trading I based my share size by stock value, volatility beta, risk tolerance for monetary losses. It is a good strategy to use. Since I've built my acct up over the years I worry much less about BP used and normally trade 2,000 lots unless the stock is very expensive I will scale down to 1,000 due to the volatility. If a stock is under $5 I will trade 3-5K share size. I never use or carry overnight positions that exhaust all or most of my BP so I will have the staying power if I need to hold my trades for a few days longer.
 
Naz ended day with bullish engulfing pattern on Thurs. Candelstick pattern also shows a trend reversal.

WARNING: The Dow and S&P broke through support Thursday morning but closed above it. This a signal that the Dow and S&P might be heading south short term. Yesterday's low is now the support.

These are only opinions.

BRCD - Buy
Double bottom with strong oversold bottom, MACD bullish divergence.
Support @ 22.05
Target @ 29.50
 
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