Wow what a day, ended up trading SAY a few more times. looking at the beginning I think perhaps i should not have lowered my prices for the shorting after the first unit. the selling pattern looks a lot like when I first started using this signal. Part of the problem of course was TS not letting me sell on margin for this symbol. Had I been able to do so I would have sold more at higher prices and after it peaked I would have bought back as it did move down nicely at first. Better margin management on my part would have made a difference in how this played out.
Looking to get more gains I didnt buy back more (only 300 shares) and then the price moved back up against me.
After having several in a row then move in my direction I held out to see if the stock would fall again but it didn't.
I am up for the day but will start tomorrow off in the hole.
I asked IB again about the margin requirements and they told me that they dont care about the stock its always 30% on shorts. Not as good as 4 to 1 with TS (when they want to give that much) but I rarely use that much (especially lately) so I think I will move my account over. It will cost me $160 / mth for the use of TS radar but I think its better than missing out more than that on any given trade plus the commissions and interest are better at IB so I think it will be at least a wash.
ended today S SAY 10 units @ 29.98
Open -271
closed out today +107.96
