James Brick and Mortar Discretionary Trades

>> Trade Close <<

GRMN all flat now. combined loss: -1203.

Nothing to worry about, that wasn't just my kind of market with this back and forth...

EDIT: MOS was very very bad timing on that close... especially considering the fact, that i posted only little above, that Joe average would put his stop @ 59.20... well they got chased, and stock just falls off the cliff right after...
 
>> Trade Open <<

GRMN@48.90, guess if it can't go down it must go up, 5k long.

Danger of overtrading, so if this trades doesn't work out, i'm done for the day.
 
Quote from JamesJ:

>> Trade Open <<

GRMN@48.90, guess if it can't go down it must go up, 5k long.

Danger of overtrading, so if this trades doesn't work out, i'm done for the day.
More...

be careful.... broader market is in chop and hasn't picked any side over the other yet...
 
Quote from HurricaneUS:

be careful.... broader market is in chop and hasn't picked any side over the other yet...
More...

yeah, I know, and it might very well remain like that for the whole day.

Had I know we were in chop-mode, i wouldn't even have started trading today..

Oh nice

>> Trade Update <<

Who are those guys hitting the tape with market orders in GRMN...
+ SLD 1,300 GRMN 49.262 USD BYX 10:31:55 6.60
+ SLD 200 GRMN 49.090 USD ISLAND 10:31:49 0.48
SLD 200 GRMN 49.14 USD ISLAND 10:31:49 0.48
SLD 200 GRMN 49.19 USD ISLAND 10:31:49 0.48
SLD 200 GRMN 49.24 USD ISLAND 10:31:49 0.48
SLD 200 GRMN 49.29 USD ISLAND 10:31:49 0.48

EDIT: right back in still 5k long
 
Quote from HurricaneUS:

slight downside bias as of now on s&p..so longs are risky considering no signs of buying whatsoever...
More...

One interesting detail on this GRMN market hit:

The 49.09 sell was partially executed in two parts of 100 each, so i guess those limits weren't whipped out by the big market buyer itself, but some other guys...

I reckon that's HFT paradise... front running
 
fyi...I usually wait until after 9:50ish-10ish ny time to take any stock trades because the bulk of the order flow has been set and the stock will usually drift in one direction...
 
Quote from HurricaneUS:

fyi...I usually wait until after 9:50ish-10ish ny time to take any stock trades because the bulk of the order flow has been set and the stock will usually drift in one direction...
More...

I like to trade close to and right after open, as some of the best trades (when big momentum builds up) occur right then... eg. THLD yesterday

But i agree with you, the other side of the medal is chopiness.

>> Trade Update <<

Reducing some GRMN, Position now at 3400, looking forward to reduce to 2500 (order of 900 sitting at 49.25)
 
Quote from JamesJ:

I like to trade close to and right after open, as some of the best trades (when big momentum builds up) occur right then... eg. THLD yesterday

But i agree with you, the other side of the medal is chopiness.

>> Trade Update <<

Reducing some GRMN, Position now at 3400, looking forward to reduce to 2500 (order of 900 sitting at 49.25)
More...

I agree with you that you can get some great trades off the open


at least with my setups....I discovered that patiently waiting for the 10 am reversal time zone gave me a statistical edge as it removed tons of my losing trades...but I agree that there's no right or wrong way...
 
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