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My dilemma - too good to be true? How long can I last?
- Thread starter cheetos
- Start date
"I look at a 1 min chart of ITWO and all I have to say is wow. Stock is chopping 20 cents with lighting speed and some kid with an Ameritrade account is able to catch 50 cent trades on it with perfect execution. LOL best of all, he is playing bottom picking on a big news gap down like a complete pro."
Bought 2000 shares each time. I got screwed on the 2nd buy though. This is why I usually don't like trading light volume stocks. MMs will bring the bid down or up the ask just fill your order at crap price but I don't want to mess w/ limit orders on fast moving stocks. Check the prints. The MM screwed me out of .1 when I bought the stock second time and then sell of 1300, he brought down the bid just enough to get my shares and right away it went back up. But can't complain since I am making money.
Filled Sell 1300 ITWO Market 14.54 -- -- 09:37:58 05/04/06
Filled Sell 700 ITWO Market 14.65 -- -- 09:37:58 05/04/06
Filled Buy 2000 ITWO Market 14.471 -- -- 09:36:48 05/04/06
Filled Sell 2000 ITWO Market 14.62 -- -- 09:35:19 05/04/06
Filled Buy 2000 ITWO Market 14.395 -- -- 09:34:20 05/04/06
Bought 2000 shares each time. I got screwed on the 2nd buy though. This is why I usually don't like trading light volume stocks. MMs will bring the bid down or up the ask just fill your order at crap price but I don't want to mess w/ limit orders on fast moving stocks. Check the prints. The MM screwed me out of .1 when I bought the stock second time and then sell of 1300, he brought down the bid just enough to get my shares and right away it went back up. But can't complain since I am making money.
Filled Sell 1300 ITWO Market 14.54 -- -- 09:37:58 05/04/06
Filled Sell 700 ITWO Market 14.65 -- -- 09:37:58 05/04/06
Filled Buy 2000 ITWO Market 14.471 -- -- 09:36:48 05/04/06
Filled Sell 2000 ITWO Market 14.62 -- -- 09:35:19 05/04/06
Filled Buy 2000 ITWO Market 14.395 -- -- 09:34:20 05/04/06
"Why don't you post yor trades in real time? "
Real time? How am I supposed to trade? All my concentration is on level 2, last sale, chart, etc.
Anyway, I took a walk after my WFMI trades. I had to cool the rush a bit and not blow what I made this morning. Came back but fell little too weak in the head and got into shorting sbux and got out w/ a small loss. These are rest of my trades today. Going to get lunch now. Dam, the SBUX finally broke just now. Unreal.
Filled Buy to Cover 1500 SBUX Market 38.8771 -- -- 11:39:08 05/04/06
Filled Sell Short 23 SBUX Market 38.87 -- -- 11:21:22 05/04/06
Filled Sell Short 67 SBUX Market 38.87 -- -- 11:21:22 05/04/06
Filled Sell Short 1310 SBUX Market 38.87 -- -- 11:21:13 05/04/06
Filled Sell Short 100 SBUX Market 38.87 -- -- 11:21:13 05/04/06
Filled Sell to Close 36 +FMQQU Limit 1.15 -- -- 10:23:00 05/04/06
Filled Sell to Close 50 +FMQQU Limit 1.15 -- -- 10:22:59 05/04/06
Filled Sell to Close 14 +FMQQU Limit 1.15 -- -- 10:22:58 05/04/06
Filled Buy to Open 19 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Buy to Open 16 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Buy to Open 45 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Buy to Open 20 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Sell to Close 20 +FMQQU Limit 1.60 -- -- 09:57:12 05/04/06
Filled Sell to Close 15 +FMQQU Limit 1.40 -- -- 09:52:50 05/04/06
Filled Sell to Close 73 +FMQQU Limit 1.41 -- -- 09:52:52 05/04/06
Filled Sell to Close 12 +FMQQU Limit 1.40 -- -- 09:52:49 05/04/06
Filled Buy to Open 100 +FMQQU Limit 1.30 -- -- 09:50:13 05/04/06
Filled Buy to Open 20 +FMQQU Limit 1.50 -- -- 09:41:23 05/04/06
Real time? How am I supposed to trade? All my concentration is on level 2, last sale, chart, etc.
Anyway, I took a walk after my WFMI trades. I had to cool the rush a bit and not blow what I made this morning. Came back but fell little too weak in the head and got into shorting sbux and got out w/ a small loss. These are rest of my trades today. Going to get lunch now. Dam, the SBUX finally broke just now. Unreal.
Filled Buy to Cover 1500 SBUX Market 38.8771 -- -- 11:39:08 05/04/06
Filled Sell Short 23 SBUX Market 38.87 -- -- 11:21:22 05/04/06
Filled Sell Short 67 SBUX Market 38.87 -- -- 11:21:22 05/04/06
Filled Sell Short 1310 SBUX Market 38.87 -- -- 11:21:13 05/04/06
Filled Sell Short 100 SBUX Market 38.87 -- -- 11:21:13 05/04/06
Filled Sell to Close 36 +FMQQU Limit 1.15 -- -- 10:23:00 05/04/06
Filled Sell to Close 50 +FMQQU Limit 1.15 -- -- 10:22:59 05/04/06
Filled Sell to Close 14 +FMQQU Limit 1.15 -- -- 10:22:58 05/04/06
Filled Buy to Open 19 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Buy to Open 16 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Buy to Open 45 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Buy to Open 20 +FMQQU Limit 1.05 -- -- 10:10:27 05/04/06
Filled Sell to Close 20 +FMQQU Limit 1.60 -- -- 09:57:12 05/04/06
Filled Sell to Close 15 +FMQQU Limit 1.40 -- -- 09:52:50 05/04/06
Filled Sell to Close 73 +FMQQU Limit 1.41 -- -- 09:52:52 05/04/06
Filled Sell to Close 12 +FMQQU Limit 1.40 -- -- 09:52:49 05/04/06
Filled Buy to Open 100 +FMQQU Limit 1.30 -- -- 09:50:13 05/04/06
Filled Buy to Open 20 +FMQQU Limit 1.50 -- -- 09:41:23 05/04/06
"You have time to post all your comments on ET this morning, why not post at least 1 or 2 real time trades? It only takes a sec..."
Those are after my trades. Look at my itwo trade. I was in and out of that trade in less than a minute. When am I suppoed to post and watch the stock? This is a serious business. Must use 110% of all concentration. You snooze you lose.
Now, I got to find a way to fight my afternoon demon. So many blowouts in the afternoon that I got be very careful now.
Those are after my trades. Look at my itwo trade. I was in and out of that trade in less than a minute. When am I suppoed to post and watch the stock? This is a serious business. Must use 110% of all concentration. You snooze you lose.
Now, I got to find a way to fight my afternoon demon. So many blowouts in the afternoon that I got be very careful now.
I am looking at VLO now but I already missed my first opp around 12:09 setting up the charts and indicators. Now, I am not sure. It looks like it can breakdown more. Too risky. I really wish I had a real time chsrt of crude oil price. Anyone know where one can get one for a decent price?
Just got out VLO trades.
First batch was not a good buy but the second batch helped me stay in. Of course, as soon as I sell it runs now 63.7. Unbelievable! Well, at least made something.
Filled Sell 1000 VLO Market 63.5601 -- -- 12:27:56 05/04/06
Filled Sell 400 VLO Market 63.34 -- -- 12:25:15 05/04/06
Filled Sell 500 VLO Market 63.34 -- -- 12:25:15 05/04/06
Filled Buy 500 VLO Market 63.20 -- -- 12:24:20 05/04/06
Filled Buy 400 VLO Market 63.20 -- -- 12:24:20 05/04/06
Filled Buy 400 VLO Market 63.50 -- -- 12:17:51 05/04/06
Filled Buy 300 VLO Market 63.4999 -- -- 12:17:44 05/04/06
Filled Buy 300 VLO Market 63.4899 -- -- 12:17:44 05/04/06
First batch was not a good buy but the second batch helped me stay in. Of course, as soon as I sell it runs now 63.7. Unbelievable! Well, at least made something.
Filled Sell 1000 VLO Market 63.5601 -- -- 12:27:56 05/04/06
Filled Sell 400 VLO Market 63.34 -- -- 12:25:15 05/04/06
Filled Sell 500 VLO Market 63.34 -- -- 12:25:15 05/04/06
Filled Buy 500 VLO Market 63.20 -- -- 12:24:20 05/04/06
Filled Buy 400 VLO Market 63.20 -- -- 12:24:20 05/04/06
Filled Buy 400 VLO Market 63.50 -- -- 12:17:51 05/04/06
Filled Buy 300 VLO Market 63.4999 -- -- 12:17:44 05/04/06
Filled Buy 300 VLO Market 63.4899 -- -- 12:17:44 05/04/06
Cheetos-
I'm having fun reading your trades, since I am on the sidelines (goddamned restricted list and $30 trades!)
Can I ask what you are doing for risk management? It looks like your sinking alot of your account into every trade- not necessarily a bad thing barring a 'black swan'. Can I ask your present acct size, and what kind of margin you have been using?
thanks,
Tom
I'm having fun reading your trades, since I am on the sidelines (goddamned restricted list and $30 trades!)
Can I ask what you are doing for risk management? It looks like your sinking alot of your account into every trade- not necessarily a bad thing barring a 'black swan'. Can I ask your present acct size, and what kind of margin you have been using?
thanks,
Tom
"Can I ask what you are doing for risk management? It looks like your sinking alot of your account into every trade- not necessarily a bad thing barring a 'black swan'. Can I ask your present acct size, and what kind of margin you have been using?"
Tom,
I started with 28K exactly 6weeks ago. We took some money out but I started the day with around $61K.
I put lot more money in each trade because in the past, playing with little bits of shares actually hurt me. Waiting for the stock to go up on few hundread shares mean you have to predict a lot bigger move and that is not easy. So I think I actually trade better w/ more shares because I can get out quicker w/ profits. But that is why I have to sell the losers quick but still I can't do it as well as I want to. Yesterday, I got killed on CI holding 1000 shares for $1100 loss.
But because I know of its not easy to sell losers, what I do is try to get a better entry so I don't have to worry about selling at loss. That means going in when everything is nearly perfet but still that may not be enough. Just got out of ITWO trades and had to triple down to get out with little profit. I gotta admit I was kind of scared on this trade because I think the stock is under bear attack. The shorts had no qualms about hitting huge bids by UBSS, MLCO a number of times and I thought oh shoooo, I am scrwed but the MMs decided to attack back right after I dipped into it for the 3rd time. Up almost $3000 for the day now. I am scared that I am gonna blow it in the last 2 hrs.
Filled Sell 603 ITWO Market 14.006 -- -- 13:10:16 05/04/06
Filled Sell 97 ITWO Market 14.05 -- -- 13:10:16 05/04/06
Filled Sell 600 ITWO Market 14.05 -- -- 13:10:15 05/04/06
Filled Sell 100 ITWO Market 14.05 -- -- 13:10:15 05/04/06
Filled Sell 100 ITWO Market 14.05 -- -- 13:10:15 05/04/06
Filled Sell 1500 ITWO Market 13.99 -- -- 13:09:52 05/04/06
Filled Sell 1500 ITWO Limit 13.93 -- -- 13:05:21 05/04/06
Filled Buy 1300 ITWO Market 13.828 -- -- 12:57:07 05/04/06
Filled Buy 100 ITWO Market 13.82 -- -- 12:57:06 05/04/06
Filled Buy 100 ITWO Market 13.81 -- -- 12:57:05 05/04/06
Filled Buy 700 ITWO Market 13.896 -- -- 12:47:27 05/04/06
Filled Buy 400 ITWO Market 13.90 -- -- 12:47:27 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:26 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:25 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:25 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:25 05/04/06
Filled Buy 1500 ITWO Market 14.05 -- -- 12:40:41 05/04/06
Tom,
I started with 28K exactly 6weeks ago. We took some money out but I started the day with around $61K.
I put lot more money in each trade because in the past, playing with little bits of shares actually hurt me. Waiting for the stock to go up on few hundread shares mean you have to predict a lot bigger move and that is not easy. So I think I actually trade better w/ more shares because I can get out quicker w/ profits. But that is why I have to sell the losers quick but still I can't do it as well as I want to. Yesterday, I got killed on CI holding 1000 shares for $1100 loss.
But because I know of its not easy to sell losers, what I do is try to get a better entry so I don't have to worry about selling at loss. That means going in when everything is nearly perfet but still that may not be enough. Just got out of ITWO trades and had to triple down to get out with little profit. I gotta admit I was kind of scared on this trade because I think the stock is under bear attack. The shorts had no qualms about hitting huge bids by UBSS, MLCO a number of times and I thought oh shoooo, I am scrwed but the MMs decided to attack back right after I dipped into it for the 3rd time. Up almost $3000 for the day now. I am scared that I am gonna blow it in the last 2 hrs.
Filled Sell 603 ITWO Market 14.006 -- -- 13:10:16 05/04/06
Filled Sell 97 ITWO Market 14.05 -- -- 13:10:16 05/04/06
Filled Sell 600 ITWO Market 14.05 -- -- 13:10:15 05/04/06
Filled Sell 100 ITWO Market 14.05 -- -- 13:10:15 05/04/06
Filled Sell 100 ITWO Market 14.05 -- -- 13:10:15 05/04/06
Filled Sell 1500 ITWO Market 13.99 -- -- 13:09:52 05/04/06
Filled Sell 1500 ITWO Limit 13.93 -- -- 13:05:21 05/04/06
Filled Buy 1300 ITWO Market 13.828 -- -- 12:57:07 05/04/06
Filled Buy 100 ITWO Market 13.82 -- -- 12:57:06 05/04/06
Filled Buy 100 ITWO Market 13.81 -- -- 12:57:05 05/04/06
Filled Buy 700 ITWO Market 13.896 -- -- 12:47:27 05/04/06
Filled Buy 400 ITWO Market 13.90 -- -- 12:47:27 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:26 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:25 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:25 05/04/06
Filled Buy 100 ITWO Market 13.89 -- -- 12:47:25 05/04/06
Filled Buy 1500 ITWO Market 14.05 -- -- 12:40:41 05/04/06