Over the years there have been a few debates here about the wisdom of averaging into positions. Anyone who doubts that it is an effective technique should study your trades. Of course, it takes discipline.
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Record of my Trades
- Thread starter Robert Weinstein
- Start date
Quote from AAAintheBeltway:
Over the years there have been a few debates here about the wisdom of averaging into positions. Anyone who doubts that it is an effective technique should study your trades. Of course, it takes discipline.
Thanks for saying so.
It doesn't matter if the cat is white or black as long as it catches mice*
* Deng Xiaoping (Chinese reformist justifying changes in reference that planned economies suck and the free market is superior)
Today is the first day with the new monitor setup allowing charting more stocks at once along with the HP dual Xeon machine that has been working perfectly.
PBR was full of love as I was able to trade it two times both at a profit. The second time was super great as it was moving in my favor too fast for me to place the trade with IB booktrader as it kept going off the page. I never had a stock do that to the extreme that PBR did with me.
PBR S:6b + 364 and + 3412 on the second trade
HES was a total of 32 seconds
S:6b +230
Scalped SWN for +47
Lost money on SGMS. somehow I missed it on Friday and ended up buying 2 units(I think in after hours). Found out on Sunday when I was setting up the new monitors and IB machine. I let it go a little bit more than I should have. -132
A personal best day for me since my new approach and probably best day ever.
+3934 for the day / Week
+ 15906 for the month
+ 41478 for the year
PBR was full of love as I was able to trade it two times both at a profit. The second time was super great as it was moving in my favor too fast for me to place the trade with IB booktrader as it kept going off the page. I never had a stock do that to the extreme that PBR did with me.
PBR S:6b + 364 and + 3412 on the second trade
HES was a total of 32 seconds
S:6b +230
Scalped SWN for +47
Lost money on SGMS. somehow I missed it on Friday and ended up buying 2 units(I think in after hours). Found out on Sunday when I was setting up the new monitors and IB machine. I let it go a little bit more than I should have. -132
A personal best day for me since my new approach and probably best day ever.
+3934 for the day / Week
+ 15906 for the month
+ 41478 for the year
Good day. added two more 22inch flats to my desk and they worked out well.
the Tradestation computer was a little slow but the extra 2 gig of ramm showed up today and now has 4 gig and ran much better without any signs of slowdown (HP xw6200 dual xeon 3.4)
Started off with STT and went with size
S:6b + 1539 for the trade
next was LVS which was actually traded twice today. once during the open and again during the close.
S:6b and S:6b+ +478 for the trade
MTW S:6b +632 for the trade
the Tradestation computer was a little slow but the extra 2 gig of ramm showed up today and now has 4 gig and ran much better without any signs of slowdown (HP xw6200 dual xeon 3.4)
Started off with STT and went with size
S:6b + 1539 for the trade
next was LVS which was actually traded twice today. once during the open and again during the close.
S:6b and S:6b+ +478 for the trade
MTW S:6b +632 for the trade
Trades today
Sohu S:6b
EXM S:6b
BG S:6b+ + 103 for the trade
due to SOHU I adjusted gapHigh and need to backtest.
Sohu S:6b
EXM S:6b
BG S:6b+ + 103 for the trade
due to SOHU I adjusted gapHigh and need to backtest.
Tough day. Watched both EXM and SOHU go from positive to very negative.
One good trade was BG. traded that for +103 but waited until it was way past the entry due to it being past entry hour and that I was already taking a beating from the other trades.
Open ~ - 3000
- 1910 for the day
+ 4674 for the week
+ 16646 for the month
+ 42218 for the year
One good trade was BG. traded that for +103 but waited until it was way past the entry due to it being past entry hour and that I was already taking a beating from the other trades.
Open ~ - 3000
- 1910 for the day
+ 4674 for the week
+ 16646 for the month
+ 42218 for the year
Attachments
Quote from 1Reason:
Tough day. Watched both EXM and SOHU go from positive to very negative.
One good trade was BG. traded that for +103 but waited until it was way past the entry due to it being past entry hour and that I was already taking a beating from the other trades.
Sorry about your day, but you have been on fire lately........so a draw down here and there should be ok. Don't over adjust your signals and miss out on what you have been doing so well on.......not that I have any expertise to be offering advice.
Keep up the good trading. I have enjoyed your thread and success.
Hello Jegnyr,
Thanks for taking the time to say so. Yeah, its been a good run.
The loses today are high compared to a lot of my trading as I just increased size this week again and my unwillingness to be fully in losing trades overnight.
I fully agree that one or two days in the red now and then are to be expected.
Best of trading to you
Thanks for taking the time to say so. Yeah, its been a good run.
The loses today are high compared to a lot of my trading as I just increased size this week again and my unwillingness to be fully in losing trades overnight.
I fully agree that one or two days in the red now and then are to be expected.
Best of trading to you
Quote from Jegnyr:
Sorry about your day, but you have been on fire lately........so a draw down here and there should be ok. Don't over adjust your signals and miss out on what you have been doing so well on.......not that I have any expertise to be offering advice.
Keep up the good trading. I have enjoyed your thread and success.