Trader P/L 2005
- Thread starter Diamondtrim
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wanna see something painful?
14% change today - ouch!
Learned many many things.......
14% change today - ouch!
Learned many many things.......
jesus christ, sorry about that ENG trade. that musta been the worst hour of your trading life. seems like a big boy dumped @ market right after your $8.92 buy, clearing all the stops, then ran it back up to $8.85 after re-buying your shares cheap @ $8.25.
at least you made that nice NTRI score last week to soften the blow.
Sounds like something to give a try...all I know is the big tick offs of running down and running ups ARE many times big time contrarian indicators....it is uncanny how well it works.
What turned me on to looking for this, is reading a post from a person using ti who ran exstensive back testing on this approach....and found it very effecitve.
It makes sense, since if you look at a chart you seldom see a straight up movement....it is always higher lows and higher highs in an uptrending market, with a change of direction to down from up....the dips can become dives, or real climbers.
If the sp 500 changes up or down in OPPOSITE direction of a recent running up or down on a strong 40 plus stock....I am in for a big trade.
The intermediate running up or down...as you are aware dt, is a 15 minute indicator, versus the running up or down standard which is a 1 minute.....your idea is interesting.
What turned me on to looking for this, is reading a post from a person using ti who ran exstensive back testing on this approach....and found it very effecitve.
It makes sense, since if you look at a chart you seldom see a straight up movement....it is always higher lows and higher highs in an uptrending market, with a change of direction to down from up....the dips can become dives, or real climbers.
If the sp 500 changes up or down in OPPOSITE direction of a recent running up or down on a strong 40 plus stock....I am in for a big trade.
The intermediate running up or down...as you are aware dt, is a 15 minute indicator, versus the running up or down standard which is a 1 minute.....your idea is interesting.
wvombaur i set up the following windows trying to mimic your setup, note I realize that you also include higher value stocks but i like to focus on under 25. I also chose to only look at the strongest stocks in their 80% range with the hopes of catching the dip for an entry via your running down alert.
1) New high alert
Min price-5
Max price-25
min volume-200K
min current volume-2X
min position in range-80%
min count 30
2) Running down alert (what number do you use for this alert)
Min price-5
Max price-25
min volume-200K
min current volume-2X
min position in range-80%
Upon looking at the history for both alerts side by side I am hard pressed to figure out how to actually use this settup, which leads me to belive that my parameters for the above alerts are not correct. I would appreciate if you could give me any advice or tell me where i went wrong.
thanks
1) New high alert
Min price-5
Max price-25
min volume-200K
min current volume-2X
min position in range-80%
min count 30
2) Running down alert (what number do you use for this alert)
Min price-5
Max price-25
min volume-200K
min current volume-2X
min position in range-80%
Upon looking at the history for both alerts side by side I am hard pressed to figure out how to actually use this settup, which leads me to belive that my parameters for the above alerts are not correct. I would appreciate if you could give me any advice or tell me where i went wrong.
thanks
i kicked ass these past 2 days without even logging into my account. 
funny thing is, if i were around while my core stocks were running like they were, i woulda scaled out of them and made a lot less.
funny thing is, if i were around while my core stocks were running like they were, i woulda scaled out of them and made a lot less."Hi, I made 5k today......"
(Sorry, CoralReef....I just couldn't resist
), but you're correct those types of posts are very useful here. Everyone needs to get slapped by the market every once and again for a risk check, but hate ta see it happen...it's never fun.I think my worst check was a -$10.5k busted trade, somebody complained about the fill he got on a 7-8% gap down (he caused the gap)....the spec busted everything south of 5%. I had already sold (now short), 2hrs later I got the call it was busted. Taught me about position size, NYSE specs, trade busts, and selling a killer long....that was just too killer. Fought my way back to only lose -$800 that day.
Just noticed, I've got a few lines missing from my P/L lines....they dissappeared during the TWS outage today...even though "show zero position rows" is checked, and my unrealized should be around 19k....thanks TWS, sorry guys.
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