Resumption of Daytrading

Nursebee,

I see some of your trades are sub $10 stocks? Much has been written/said that things are quite different in recent times, getting fooled and filled, only when it is not to your advantage.
My question is ... was it pre-2008ish when you last day traded these sub $10 stocks , and, if so, do you notice any difference?
Good Luck.
 
nursebee said:
No parameters.
Not quite from the hip.
Never sim mode.
No system.

Just lots of screen time.

I thought about futures again but reread the 3rd edition of Teweles/Jones THe Futures Game, especially Part 3, Chapter 11 "Who Wins? Who Loses? and Why?" and thought I should stick with what I know.
More...
Nevermind, hope it all works out.
Will look into that book
 
The sub $10 stock yesterday traded 8M shares during the day, opening 30 min had 25-70K shares per minute. Range was 50 cents
 
Last edited:
nursebee said:
The purpose of this journal is to assist in keeping track of my success or failure as I seek out daytrades in vehicles I am familiar with, typically stocks, though index ETF or volatility ETFs will be considered. I'm open to critique but expect nobody would be harder then myself. I've lost large sums of money DTing years ago. THe bulk of my money is in 401K, IRA, RE, Roth so the cost of failure is little. The method I expect to use would be sitting out first hour, fade the am action, and also participate in end of day moves, typically after 1430 hours. Having said that, I break the am rule regularly, and have had to sit through massive pain waiting for end of day. YTD, I am up, high win rate, too much risked, but it is with stuff I think I know.

I do not seek a daily gain in amount or percent.
This is an account that owns shares in a company that I will apply gains/losses to buy or sell more core shares to hold for years.
This is a small account, started with 5K, adding about 1K per month.
I will not make live calls, just post mortems.
I will leave money on the table.
I am limited by PTD rules, might only make a few trades each week, normally when not at work.
I apply fuzzy math, generally taking into acct transaction costs, certainly not ignoring them.
I am biased to only long the core holding.

This year I have done the following so far.
1/ 7 added 1000, bought 141 shares@7.2
1/12 bought 500 shares XIV @21.05, sold at 21.19 +$70
1/15 bought 500 XIV @19.16, 300 sh @19.13, sold all at 18.69 -$382
1/15 sold 100 core shares to make up that loss @6.51
1/20 buy 2000@5.57, 300@5.52, sell all @5.61 +84
1/21 buy 2000@6.24, sell @6.33 +178
1/25 buy 1100@5.935, 900@5.934, sell all @6.1833 +484
1/26 buy100 core @5.295 and 100@5.2999
1/28 Buy 2000@4.825, sell @5.141 +600
1/29 buy 100 core @5.02

January 2016 $1034. Discussion: Some of these and subsequent trades were down this entire amount before being profitable, mainly due to my poor timing/breaking rules. Shame on me.

2/1 buy 2k@5.014, sell @5.091 +140
2/3 buy 1k@4.705, 1k@4.515, 1k @4.47, sell 100@4.59, 2900@4.595 +68
2/4 add $1400, buy 375 core shares
2/8 buy1k@4.679,1k@4.66, 700@4.68, sell @4.736 +138
2/9 Chart attached, bought too early per rules, added, it worked, Held for maybe 15 min at most, very comfortable
Long 1K@4.447, 1k@4.502, sell @4.726 +483
Month to date $829
FYI, as I write this total account balance is $7,051, holds 1352 shares

View attachment 161707
More...

Good Luck and stay with the trend
 
nvax.PNG


Post mortem:
I was not home.
I debated opening position earlier, did so when I could.
Added later confident it would go up.
Missed first pop up, sold when that high taken out next peak.

I fully expect that this stock is in for bullish moves if the overall market would behave, hence my willingness to go larger with position size as my margin BP increases. If the overall market had behaved better I would have considered holding longer in the day. I tracked SP500 and think it was not behaving well relative to this.
 
Last edited:
nursebee said:
hence my willingness to go larger with position size as my margin BP increases
More...

oh man, I just had a flash back. 15 years later and the memory still brings up an involuntary shudder. I was adding to my position over a few months plus buying calls as it went up. It was incredible, the trade we dream of. For awhile ... Biotech. News after after hours. Big gap down, blah, blah, blah.

Wishing you better trading smarts and more restraint than I had.

jas
 
You must log in or register to reply here.
Back
Top