Taking 103K to 1.2million by Year End 2008

[retire45]

Neke,

No system, disc. or auto will EVER catch all of it, and definitely not in all types of markets.. You will drive yourself crazy looking back, and then you will come to a place I already inhabit, the asylum. Better to have a system, and stick to it no matter what.. The minute you start taking those supposedly weaker signals (that do work every now and then), they will show you why they were in the weaker column to begin with.

This is a primary reason I have changed scans over and over again.. You make a scan and whoa!I!.. How did it miss that?? I'll change it to make sure it catches that next time.. Then it starts catching so much it gets distracting..

Every week there will be things if not done or done that could have made that a 20% week.. I mean EVERY WEEK.. It will consume you...

 

[jreynolds212]

Well well well. Neke's trading journal. Where is the big fat gains. First quarter end only a month away. Where are you Neke?

 

[ak15]

Quote from neke:

Out of curiosity, I checked the execution on ARRS on friday. This was the stock I skipped when I considered shorting after hours the prior night @ 6.20, yet rushed to short at 5.09 after the market opened. Wrong move. My position monitor covered the 5000 shares at 09:50:47 at market. I took a look at my log file, where the execution prices are updated every minute, the price before my order was 5.56, and the price the next minute was 5.59, after my order has executed. My execution price was 5.70. Is it reasonable to suffer 2% slippage on a stock whose volume at the time was 9million shares traded, on only 5000 share market order? I shall raise this up with Ameritrade, but if this is systematic, I shall take a second look at stop market orders.

It probably may not be feasible for you but I would suggest if at all possible - stop using market orders to get out of positions.

 

[jreynolds212]

Quote from ak15:

It probably may not be feasible for you but I would suggest if at all possible - stop using market orders to get out of positions.

Hehehe. Ever read the book. Market orders are the only way to get out of positions. Limit orders never seem to execute.

All I use is market orders.

 

[wiesman02]

Quote from jreynolds212:

Hehehe. Ever read the book. Market orders are the only way to get out of positions. Limit orders never seem to execute.

All I use is market orders.

Hope you enjoy all those ECN fees for removing liqudity then.

 

[chrisofj]

Quote from neke:

Out of curiosity, I checked the execution on ARRS on friday. This was the stock I skipped when I considered shorting after hours the prior night @ 6.20, yet rushed to short at 5.09 after the market opened. Wrong move. My position monitor covered the 5000 shares at 09:50:47 at market. I took a look at my log file, where the execution prices are updated every minute, the price before my order was 5.56, and the price the next minute was 5.59, after my order has executed. My execution price was 5.70. Is it reasonable to suffer 2% slippage on a stock whose volume at the time was 9million shares traded, on only 5000 share market order? I shall raise this up with Ameritrade, but if this is systematic, I shall take a second look at stop market orders.

I think Ameritrade gets payments for order flow, which might mean you can assume some bad fills at times since this is a conflict of interest I think and can't be in a traders best interest.

 

[robbie380]

Quote from jreynolds212:

Hehehe. Ever read the book. Market orders are the only way to get out of positions. Limit orders never seem to execute.

All I use is market orders.

is that when you marketed "all-in" into csun at 15+?

 

[neke]

Weekly Update for week 6 ended 02/23/2008

Moderately positive week, up 4.5K (4.2%).

Frightening volatility. Made it big on Tuesday, lost big on Wednesday. Traded frantically the remaining two days and went nowhere.

Still haunted by poor execution on some key strategies. Find myself not taking the signals when prompted, and waiting too long after the action is well under way.

Where are the big set-ups and the big gains? Looks like they have dried up. Hopefully not for long. In the meantime, I need to be disciplined enough to play according to rules and catch the singles.

Balance B/F:                   	    	106,916
Net Gain for the week 		          4,453
------------------------------------------------
Balance C/F:                   		111,369
Number of Trades	            	 25
Number of Profitable Trades    	    	 14

Since Inception of Thread   01/13/2008 - 02/23/2008

Balance B/F:                   		102,615
Net Gain (Less Margin Interest)		  8,754
------------------------------------------------
Balance C/F:                   		111,369  (Up 8.5%)
Number of Trades	           	101
Number of Profitable Trades        	 59

Expected Balance at this time to be on track for Year-End Target : 
			       137,843

Status:			       Behind Target		(Based on adjusted balance before withdrawals)

Top/Bottom Discretionary Trades for the week

TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAINS/LOSS	TYPE

ONXX	2008-02-19-08-23-11	2008-02-19-10-39-59	3000	101819		106185		4325		LONG
BDUCH	2008-02-20-09-35-08	2008-02-20-12-08-36	1000	17900		20400		2465		CALL OPTION
--------------------------------------------------------------------------------
GRMN	2008-02-20-11-24-14	2008-02-20-12-15-50	1500	100324		97547		-2798		LONG
HPQ	2008-02-20-09-34-33	2008-02-20-11-20-03	3000	141480		137660		-3851		SHORT

 

[cashmoney69]

Quote from neke:


I have drawn up a core list of strategies with expectations for each, in terms of number of trades,

what are the strategies?

 

[neke]

Quote from cashmoney69:

what are the strategies?

Known only to me. They fall into the broad categories of LONG STOCK, SHORT STOCK, LONG CALL OPTION and LONG PUT OPTION.