Resumption of Daytrading
- Thread starter nursebee
- Start date
Aren't there always people "warning of the coming big bear market", all the way up through (and missing most of) the preceding bull market?
I can't blame someone for not listening.Coffee's for closers™ (Sorry I couldn't resist.
)
Right, except that I was up +200% with Biotech sector since 2010, so I was not a permabear. For a trader, your yesterday's love story is your tomorrow's nightmare in the markets if you are not flexible. Dont fall in love with your trades.
CM
Aren't there always people "warning of the coming big bear market", all the way up through (and missing most of) the preceding bull market?
I am usually always bullish, even when I am short, I know markets usually go down much faster than going up, so just matter of time. Although it did take Copper over five years to finally go down far enough for me to consider buying. Being bullish is just optimistic to me, I want the economy to be booming. I am Bullish for stock market, but I am not getting out of short indexes, but have bought Calls.
If you're only willing to listen to those that are "qualified"...please give your definition of such or at least explain it. They can then decide if your journal merits them proving themselves "again" just for you in this journal. Yet, would you even listen after you made a comment to ChrisMac that you doubt you would listen ?
Thus, what exactly do you want to occur in this journal ?
Seriously, you have a profitable trading record for most of your trading years although you lost most of your 2015 profits but still ended the year profitable. In addition, 2016, you were profitable in January and so far in February.
Simply, why would someone be giving you trading advice when it should be the other way around...what am I missing here or am I reading your performance record incorrectly here at ET and at your blog ?
Therefore, maybe that's the real issue here. You don't want others coming to your journal and telling you how to trade or that it ain't gonna work when you are a profitable trader. If that's the real issue...get use to it...most get confused when they see someone that's profitable via a way they don't believe in or it makes them uncomfortable.
I've seen such many times before at this forum. I remember someone had a journal in which most of his trading days were profitable and he posted his broker statements and an occasional real-time trade. Yet, the advice came from every where about how he should be trading...crazy thing to see and made me think that people get a little uneasy in their seats when someone is profitable.
P.S. Qualification ?
LOL, kind of a compliment in there...
So I had a topic asking about 2015 results. For me success in the market comes down to:
Did someone make money?
Did it beat the SP500 %?
Did it beat opportunity cost ie dayjob in $?
This journal is not likely to beat day job.
It is beating SP500
I am making money.
If I made a lot of money, I think it would be tougher to daytrade around a position and maintain similar % gains.
What do I want to occur? Read the first post, it is really kind of simple...
I rarely give advice.
Nobody listens.
I give cocky advice (similar to some here, I actually understand it) when my trading is going well, really demeaning too.
Would I listen to advice? Ah, let's see, this is the internet...YES
From someone that could be understood
From someone that was successful in a clear way- not like some ocean report where direct questions don't get answered and where periodic reviews are tough to determine.
From someone consistent over time.
I read posts that look interesting or if I have chatted with someone. I don't care if someone has "merit" or not, if their idea or if it sparked another idea within myself, I will back test it. I have often found errors in my back testing has founded the best nuances or tidbits to make me a better trader. So I don't care if someone has merit or not, and have often found good ideas from newer traders as they see the markets with much younger eyes. I try to assist those who have journals if they want them but I always learn by what they do or think up of ideas they maybe lacking, or they give me ideas of what they are doing. I think way too many members of this forum want others to give them stats, you don't know how it was tested, and if it was good-stats might be intentional given wrong, best way is learn to do it yourself. Even bad ideas that result negative, many see it as waste of time whereas I don't. Like needle in haystack, never know what you might actually find.
Nursebee, am working on option system where I can only get in on close of last day of the week, LOL it is like watching sand in hourglass and Jeopardy song in forever.
Made a trade yesterday.
Bought 2k at 0930 $5.1
B 1k 0947 5.01
B 1K 0948 4.96
I'm grateful I added down
Held til close
Sold near my average price about 5.05
profit $16.76 including transaction costs
Broker wins!
In general my thoughts were that the European markets closed strong, expected US to also. My additional buys were more that this stock was not as high percent wise as the overall market, expect it moves 2x what the market does, it had pulled in closer to 1x. I expected market to move higher, it did so, this remained constrained, though about 2x.
I did not know FOMC minutes released yesterday, my bad. I'd have considered an earlier exit if it was FOMC meeting/statement/speech.
At 1410 I wrote that Es were good, stock was slow. Took a walk as Es NH @1415, expecting price b/o.
At 1444 wrote that "It's good"! I held. I worried more about things at 1500. By 1530 it was clear that price was hugging VWAP and no way I was really gonna make or lose money. Choosing best exit was priority. Click chart if you care, not much to see.
Bought 2k at 0930 $5.1
B 1k 0947 5.01
B 1K 0948 4.96
I'm grateful I added down
Held til close
Sold near my average price about 5.05
profit $16.76 including transaction costs
Broker wins!
In general my thoughts were that the European markets closed strong, expected US to also. My additional buys were more that this stock was not as high percent wise as the overall market, expect it moves 2x what the market does, it had pulled in closer to 1x. I expected market to move higher, it did so, this remained constrained, though about 2x.
I did not know FOMC minutes released yesterday, my bad. I'd have considered an earlier exit if it was FOMC meeting/statement/speech.
At 1410 I wrote that Es were good, stock was slow. Took a walk as Es NH @1415, expecting price b/o.
At 1444 wrote that "It's good"! I held. I worried more about things at 1500. By 1530 it was clear that price was hugging VWAP and no way I was really gonna make or lose money. Choosing best exit was priority. Click chart if you care, not much to see.