Record of my Trades

Quote from bubble gum:

wonderful~weather in singapore now ... i am going to kuala lumpur tomorrow to help my sis, cheng's accounting ... should be back on tuesday :)

hope you have a great day in trading n remember that's only 1~reason to trade ... that's to make a profit (big or small):D
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Have a good time. I am thinking about going to vegas for a trading show coming up. no plans for now to go to china
 
CNX covered at 56.70

+.47

should have rode the profits longer but as I watched it bounce in this range a couple of times I could cover here and then short again upon a move up

+45 for the trade
 
closed out of CNX

again I have raised my bar to entry but have become more aggressive with shares.

covered at the following prices

57.24 +.3
57.27 +.27
57.14 +.40
57.15 +.39
57.08 +.46
57.05 + .49
57.01 +.53

not a bad trade at all. only missed one short at 57.88 (raised it a little otherwise it would have hit at about 57.75 to give me 8 units short and at a higher average) its only 11am and I am up 317.00
 
IBN 2 more units short

65.05
65.15

5 short @ ave 64.87

next shorts were at 65.29
65.37

moved very fast, as of this post i also bought three back

64.57 +.80
64.47 + .90
64.35 + 1.02

will cover if climbs again otherwise at 10.75% higher for the day will try to give this some time to drop a little further.
 
Quote from Charly:

signal >6B
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Did you eyplain your kind of signals somwehere and I overread it?

Thanks

Charly [/B][/QUOTE]

Hello Charly,

Thanks for the question and I should have put my ideas out there sooner

I haven't actually explained the signals in detail but I am willing to give a general idea.

After reading many books and especially Tom DeMarks books I became convinced of a few things about trading.

1. Most people try to find a trend and trade it. Along with that most people lose money in the markets

2. Most market makers / specialists fade the public / professionals. Along with that most MMs / specialists make huge amounts of money

3. when you enter a trade by following a trend you normally give up the spread as well as take away liquidity. This causes you to be at a loss from the start and causes you to pay a higher commission (ECN pass throughs )

4. By fading you can actually collect the spread (usually very small but over the course of a year or more will add up) and you can lower your cost of trades if you use IB or someone that gives you ECN passthoughs( I have used before and will be changing over in about a week from TS to IB for my primary broker)

so what i try to do is find overbought or oversold situations and then 'fade' the stock. I use software that scans the market with alogoritoms that I have worked on for the last year or so. When they started working consistently I thought I would make a journal to improve my results by looking for patterns.

I prefer shorting more than going long so my first push was for overbought signals and now i started working on oversold. I will need to test them for a while before you see very many trades that are long.
 
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