My First Day Trade - Here are the Results

C

caplan8293

Bought - TIVO (100 shares) at $11.04
Sold - TIVO (100 shares) at $10.96
Commission $.01 a share (through IB).
Total Loss - $10
Strategy - Customized Moving Average Crossover

The reason I took a loss is because I was following my system and I was not quick enough to get a better price... I could have waited longer to maybe come out with a gain but everything I have read told me to follow my system and not get emotional, so I took the loss.

My question is, how can I be faster when executing my trades? I am using TWS through Interactive Brokers and as soon as I click the button to buy and then click the button to trade, the price has already moved like $.05 so I need to keep adusting my limit price Buy the time I was ready to exit, the prices moved so quickly that I pretty much had to take whatever price I could get.

I assume this gets easier with time?

Also, I have read that "experienced" traders are able to buy on the bid and sell on the ask. How does one do that? Just put in a limit order and hope it gets filled?

Thanks in advance.
 
im new at this to..only been at it for few several months learning...

but i can suggest..go get ninja trader or another one of the trading progies that run with IB...its sweet and ital help you with your entry/exits...trails etc..
 
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