Trading Journal - June

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Originally posted by David I
Seanote - I'm thankful for your posts but I did like the per trade results in points vs your P/L in $. By posting in points gained/lost it was easier for the average reader to translate that into their own notion of size. With $ it becomes slower and a little more difficult reading to translate the result based on the number of shares for that particular trade. I don't know what the right words are but it seems that reporting $ gained/lost puts a damper (or one step removed) from the purity of your plays. However I appreciate this is your forum and this may be easier but I thought I would share my thoughts on it. Also I'm sure there are a number of people that are looking for $$ and cent's numbers and they will be drooling over the actual numbers. Witness the frequent posts to the boards asking "I'm just starting out - How much can I make a week day trading/swing trading, etc?". Some how it seemed a little more professional to post in points. Can't really put my finger on why exactly but just my opinion.

Thanks for your posts and I look forward to reading more of them - whether they are in $ or points.

- David I
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Makes sense.... I switched to dollars only because it was quicker to post my trade realtime since my software gives that info immediately but I'll go back to points unless I'm in a hurry then you can figure out the point P&L. Thanks.
 
Seanote

I agree with David that I much prefer the points because often I do not recall or have at my fingertips the size of the position.

Thanks again, again, again & again for the time and effort you devote to this site.

Also, yesterday you mentioned you placed your stop on an alert server rather than directly. What execution platform allows you to do that?
 
I posted this question in another thread, but alas received no answer, so I'll try here :-)

Which of these reflect a move in the Naz futures the quickest -

QQQ or $COMP ?
 
Originally posted by m22au
I posted this question in another thread, but alas received no answer, so I'll try here :-)

Which of these reflect a move in the Naz futures the quickest -

QQQ or $COMP ?
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Agree with AAAbeltway. QQQ's.
 
Covered 3K MO @ 56.30

+ 1.47 points

+ 4,410

Flat. I still like this short but today and yesterday's gap down makes me think I can go short again tomorrow off the bounce, if there is one.
 
Thanks for the speedy replies AAA and Seanote :)

Would I be correct in saying that the QQQ and Naz futures move (almost) in sync, because otherwise there would be profitable arb opportunities?
 
comments taken as a warning. I noticed some rosy talk from TXN and MOT this am....really hype stuff. I wonder if they were trying to prop up the market...
 
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