Weinstein Trading and Fading

Not much today.

I was able to buy back the ANR Jun 100 Calls + 120

some small scalps
URI + 50
DPTR + 79
RF + 18

+ 275 for the day
+ 1034 for the week
+ 13882 for the month
+ 54845 for the year
 

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Once again not much to report.

Only one signal and it was to go long. I went long ALD but used very small size again.

ALD + 169
S:6b+

some scalps during the day made things worth while
AGU + 132
MOS + 762
HK + 113
FDG + 73
MEE 416
ENER + 111


+ 1775 for the day
+ 2809 for the week
+ 15657 for the month
 

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Quote from epetrov:

Hi 1Reason,
overall up to now what is your %wins and average Win/Loss ratio?
:)
More...

Without actually checking the number because I make a point NOT to pay attention to it, I would say I have about a 97+ % win rate. When I lose its about 6-8X times the amount that I ave when I gain for shorts and about 10-12x the loss of my gains for longs.

As a result I have changed my long entry setup and also am using very small size when I enter (for example todays long)

I expect due to the changes that the long loss ratio will fall more inline with the shorts.
 
Your "scalping" has been worth while on its own even if you are not getting many signals from your system. Nice trading.

Do you follow a similar style when scalping (fading and scaling) or are you able to run a scalp system separate from your main system?

Keep up the great trading. You seem to be getting stronger and bigger every day....
 
Quote from 1Reason:

Without actually checking the number because I make a point NOT to pay attention to it, I would say I have about a 97+ % win rate. When I lose its about 6-8X times the amount that I ave when I gain for shorts and about 10-12x the loss of my gains for longs.

As a result I have changed my long entry setup and also am using very small size when I enter (for example todays long)

I expect due to the changes that the long loss ratio will fall more inline with the shorts.
More...

Read through your journal today, Bob, and must say that your results are outstanding! Actually I really don't remember at all for you to perform a losing scalping call in a chat!

97% is great result and losing trade being 6-8 times more than average winner is not too big price to pay for such a hitrate really...

Keep up the great work... Your style is definetely outside of the box where minds of most traders live... :)
 
Quote from Jegnyr:

Your "scalping" has been worth while on its own even if you are not getting many signals from your system. Nice trading.

Do you follow a similar style when scalping (fading and scaling) or are you able to run a scalp system separate from your main system?

Keep up the great trading. You seem to be getting stronger and bigger every day....
More...

Hello Jegnyr,

Thanks for taking the time to say so. Very nice of you.

I use completely different signals to setup the 'trades' and the scalping. one has very little to do with the other.

I am currently working on getting more scalping candidates so that I can stay busy all day.

Best of trading to you

Bob
 
Crazy day today. Did a lot of shares as I have been trying to increase my monthly share size. My goal is to bring it to 600K per month as the next step. anything above 300K is basically free trading after rebates.

Received a couple of signals today

Yhoo + 334
BIG + 117

S:6b and S:6b+

rest of the day was busy scalping
SNDK + 3
SLM + 111
FDG + 261
ENER + 453
CMI + 29


I also bought 2 GE @ 29.01. No signal. Just feel its a good buy at this price level. Has a great yield and I think very limited downside risk.

+ 1310 for the day
+ 4119 for the week
+ 16967 for the month
 

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Quote from CFerret:

Read through your journal today, Bob, and must say that your results are outstanding! Actually I really don't remember at all for you to perform a losing scalping call in a chat!

97% is great result and losing trade being 6-8 times more than average winner is not too big price to pay for such a hitrate really...

Keep up the great work... Your style is definetely outside of the box where minds of most traders live... :)
More...

Thanks a big bunch CFerret !!!

It means a lot coming from a trader like yourself.

I hope to be able to keep it up and to explore some new trading ideas I have.

Best to you sir

Bob
 
Just a couple trades today.

FITB which was long and I was very small with. + 128

S:6b+

lots of shares scalped for me today

MEE + 1529
AW + 75
ANR + 192
OCR + 349

Shorted MEE into the close looking for a lower open on Monday. S 4 @ 81.77 so thats up a little bit as of this post

Still long 2 GE @ 29.01

Still short covered CVX which is slightly in the red

+ 2272 for the day
+ 6391 for the week
+ 19239 for the month
 

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