my trading...
- Thread starter sobemark
- Start date
Reid,
Yes, I agree with you about not liking to hold overnight. However, I have been looking for a play to take advantage of the potential in an overnight. I take my stop losses immediately, and I was running very tight stops much like yourself.
I have put together a lot of different offenses for intraday. I dont know IF I am alone. but I am finding myself more and more developing more short term swing plays. Are you guys?
PatrickQ
Yes, I agree with you about not liking to hold overnight. However, I have been looking for a play to take advantage of the potential in an overnight. I take my stop losses immediately, and I was running very tight stops much like yourself.
I have put together a lot of different offenses for intraday. I dont know IF I am alone. but I am finding myself more and more developing more short term swing plays. Are you guys?
PatrickQ
Take a look at tony oz's plays. You might find them usefull. Open oz scanner:
http://www.tonyoz.com/
S,
I just see there are means to making more cash by putting your money to work for you with overnights, plus IF I am still at this in 20 years I would like to walk into the office, and walk out of the office 20-60 mintues later.
I have simply started to think a little more longer term and that is why the short term swing plays appeal to me.
PatrickQ
I just see there are means to making more cash by putting your money to work for you with overnights, plus IF I am still at this in 20 years I would like to walk into the office, and walk out of the office 20-60 mintues later.
I have simply started to think a little more longer term and that is why the short term swing plays appeal to me.
PatrickQ
If I was to swing trade I'd do pairs trading: one long position and one short position and wait for the divergence to occur, with the long position gone long and the short position gone short, then cash in. That's easier said than done because finding the right pair requires extensive research into individual stocks and sectors. Would have to dedicate much time to that.
Quote from sobemark:
earlier comments said i was looking at OSTK/GOOG for a better fade .. well i didn't listen to my own judgement and went with EBAY instead ... wrong move .. picked the 80 calls over the price of the stock ... first trade scratch
9:33:45 Buy to Open 15 +XBAAP at 6.50 on EBS (15 traded @ 6.5000) Executed
9:36:19 Sell to Close 15 +XBAAP at 6.50 on EBS (15 traded @ 6.5000) Executed
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BIG MISTAKE here and chased the stock thinking it would make a move .. stock seemed very heavy and dumped the call for .50 loss... $750 charge for chasing
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9:39:19 Buy to Open 15 +XBAAP at 7.00 on EBS (15 traded @ 7.0000) Executed
9:49:20 Sell to Close 15 +XBAAP at 6.50 on EBS (15 traded @ 6.5000) Executed
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TZOO through the channel but thin ...scalped for .48
9:44:35 Buy 500 TZOO at 74.70 on ARCA (500 traded @ 74.7000) Executed
9:53:12 Sell 500 TZOO at 75.00 on ARCA (500 traded @ 75.1800) Executed
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back to EBAY ... dramatic fall on volume .. pure panick setting in ... started buying the calls again .. (i will post the chart later tonight) .. ALL lower bands penetrated by .75 in some instances. looking like a washout ..
10:01:16 Buy to Open 15 +XBAAP at 4.50 on EBS (15 traded @ 4.5000) Executed
10:02:07 Buy to Open 15 +XBAAP at 4.20 on EBS (15 traded @ 4.2000) Executed
10:03:14 Buy to Open 15 +XBAAP at 3.60 on EBS (15 traded @ 3.6000) Executed
10:04:54 Buy to Open 10 +XBAAP at 3.60 on EBS (10 traded @ 3.6000) Executed
10:06:13 Buy to Open 20 +XBAAP at 2.70 on EBS (10 traded @ 2.7000) Executed
10:07:10 Buy to Open 10 +XBAAP at 3.30 on EBS (10 traded @ 3.3000) Executed
10:08:00 Sell to Close 20 +XBAAP at 4.10 on EBS (10 traded @ 4.1000) Executed
10:09:37 Sell to Close 20 +XBAAP at 4.00 on EBS (20 traded @ 4.0000) Executed
10:11:12 Sell to Close 20 +XBAAP at 4.30 on EBS (20 traded @ 4.3000) Executed
10:13:48 Sell to Close 25 +XBAAP at 4.50 on EBS (25 traded @ 4.5000) Executed
redemption good for a very profitable morning.
No further trades today ..
net +$3840 usd
Sobemark, I only trade stocks and can you explain in detail what you did here. Sorry but I need some spoonfeeding.
10:01:16 Buy to Open 15 +XBAAP at 4.50 on EBS (15 traded @ 4.5000) Executed
10:02:07 Buy to Open 15 +XBAAP at 4.20 on EBS (15 traded @ 4.2000) Executed
10:03:14 Buy to Open 15 +XBAAP at 3.60 on EBS (15 traded @ 3.6000) Executed
10:04:54 Buy to Open 10 +XBAAP at 3.60 on EBS (10 traded @ 3.6000) Executed
10:06:13 Buy to Open 20 +XBAAP at 2.70 on EBS (10 traded @ 2.7000) Executed
10:07:10 Buy to Open 10 +XBAAP at 3.30 on EBS (10 traded @ 3.3000) Executed
10:08:00 Sell to Close 20 +XBAAP at 4.10 on EBS (10 traded @ 4.1000) Executed
10:09:37 Sell to Close 20 +XBAAP at 4.00 on EBS (20 traded @ 4.0000) Executed
10:11:12 Sell to Close 20 +XBAAP at 4.30 on EBS (20 traded @ 4.3000) Executed
10:13:48 Sell to Close 25 +XBAAP at 4.50 on EBS (25 traded @ 4.5000) Executed
redemption good for a very profitable morning.
10:01:16 Buy to Open 15 +XBAAP at 4.50 on EBS (15 traded @ 4.5000) Executed
10:02:07 Buy to Open 15 +XBAAP at 4.20 on EBS (15 traded @ 4.2000) Executed
10:03:14 Buy to Open 15 +XBAAP at 3.60 on EBS (15 traded @ 3.6000) Executed
10:04:54 Buy to Open 10 +XBAAP at 3.60 on EBS (10 traded @ 3.6000) Executed
10:06:13 Buy to Open 20 +XBAAP at 2.70 on EBS (10 traded @ 2.7000) Executed
10:07:10 Buy to Open 10 +XBAAP at 3.30 on EBS (10 traded @ 3.3000) Executed
10:08:00 Sell to Close 20 +XBAAP at 4.10 on EBS (10 traded @ 4.1000) Executed
10:09:37 Sell to Close 20 +XBAAP at 4.00 on EBS (20 traded @ 4.0000) Executed
10:11:12 Sell to Close 20 +XBAAP at 4.30 on EBS (20 traded @ 4.3000) Executed
10:13:48 Sell to Close 25 +XBAAP at 4.50 on EBS (25 traded @ 4.5000) Executed
redemption good for a very profitable morning.