sndk weekly
The adventures of a new Trader
- Thread starter cashmoney69
- Start date
leh
3/19 - 3/22/07
Bought 50 ALXN @ 40.34
Sold 50 @ 39.34
profit - 64.00
review:
I want to give myself credit for buying on the pullback...but I still payed too much. I think I understand why elder used 3 charts... the intraday chart was for timing the trade, intermediate is for entry, long term is for trend....I think I'm getting a hold of this....i hope
Looking at the intraday chart, I bought near the top of an intraday selloff. 38.75 or 39.20 would have been the ideal place to buy, but this all seems obvious when looking at historical data.
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3/21 - 3/22/07
Bought 45 LVS @ 91.27
Sold 45 @ 91.75
PT: 92.71
TS: .48
profit 7.60
review: A trailing stop that was too tight. Barely made a profit, but thats ok.
My main goals for the coming months are to do better on my entries, and have better defined rules for stops.
Bought 50 ALXN @ 40.34
Sold 50 @ 39.34
profit - 64.00
review:
I want to give myself credit for buying on the pullback...but I still payed too much. I think I understand why elder used 3 charts... the intraday chart was for timing the trade, intermediate is for entry, long term is for trend....I think I'm getting a hold of this....i hope
Looking at the intraday chart, I bought near the top of an intraday selloff. 38.75 or 39.20 would have been the ideal place to buy, but this all seems obvious when looking at historical data.
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3/21 - 3/22/07
Bought 45 LVS @ 91.27
Sold 45 @ 91.75
PT: 92.71
TS: .48
profit 7.60
review: A trailing stop that was too tight. Barely made a profit, but thats ok.
My main goals for the coming months are to do better on my entries, and have better defined rules for stops.
lvs
:eek:
Yes, I add/subtract commissions after the trade's made. I used to trade 100 shares minimum, but I cut that down even more...sometimes I dont cover commissions, but the way I see it, I'd rather lose some paying commissions than take a larger loss from trading larger size.
cm
Yes losses due to comissions or spread are better than big losses from bigger position size. Trading is simply like any business, we have to make sure that the revenues (trading gains) are bigger than the expenses (trading losses, commissions & spreads).
3/8 - 3/26/07
Bought 35 VLO @ 59.94
Sold VLO @ 63.21
Stop: 61.26
pt: 63.21
profit 100.45
review:
I got out of this trade because I got bored with it due to small position size, and the fact that VLO traded sideways for 8 FREAKIN days!. Only made 100.00 pfft!
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Bought 35 VLO @ 59.94
Sold VLO @ 63.21
Stop: 61.26
pt: 63.21
profit 100.45
review:
I got out of this trade because I got bored with it due to small position size, and the fact that VLO traded sideways for 8 FREAKIN days!. Only made 100.00 pfft!
.