Weinstein Trading and Fading

Whoa, new handle!

I almost didn't recognize this thread.

Have you always traded from an actual office? Tell me more about the significance of having an outside office. Do you have clients or running a prop? I think most people just trade from their homes to save on the commute and office rent.
 
Quote from JB3:

Whoa, new handle!

I almost didn't recognize this thread.

Have you always traded from an actual office? Tell me more about the significance of having an outside office. Do you have clients or running a prop? I think most people just trade from their homes to save on the commute and office rent.
More...

Yes, I do most of my trading from my office but I am at least partially setup to trade from home (two monitor setup)

I use Interactive Brokers for execution and TradeStation for charting and screening.

I don't have any clients but I do wish to trade either for a fund (either mine or another) at some point.

Having an office allows me to focus on what I am doing. Office rent must be weighed with ability to trade to your fullest and I feel in my case its worth it.

Happy holidays to you and I wish you the best in trading.
 
I have been scalping OI and fading the move up.

I also sold a couple of USO Jan 26 PUTS. If USO continues its move downward I will continue to sell out of the money puts as my charts are telling me we should see a retracement at some point before the end of the contract.

OI + 624

RMBS + 22

+ 647 Day

+ 1606 Week
 
Enjoyed a nice Christmas with my family and once again it was a true joy to watch my boys open up their gifts.

I gave my wife a frying pan AND a nice watch. She is getting used to my gag gifts as she said ‘I am not getting mad this time as I know you still gave me something nice’. I guess I need to come up with some new tricks for next year.

Surprised that today is a full trading day. I would have guessed that we would end early. I did not get any full signals but I was able to scalp some to get some gains for the day.

Still Short OI and will carry over the weekend.

Scalped only

+ 257 Day

+1863 Week
 
Traded out of OI with a small loss and then traded it again near the close to end up a little. In light of the fact that I ended the day yesterday way underwater I was very pleased to see I could exit at about even. + 27

I tried to trade a fade with GM but without shares to borrow I could not really do much with it. I did trade some options but broke about even with that and lost interest. + 6

I started to sell GE Feb 13 Puts today. I sold two for .53. I will offer more if GE continues its slide as a fade against the move.

AAPL feel off the chair when a news report came out that Steve Jobs was going to miss an event due to health issues. As a result the price was all over the map and moving fast. made for some very good trading. + 264

FSP appeared to be in play enough to allow for some scalping. Volume made it tough to do so and I will carry over to tomorrow my short.

+ 298 Day
 
Good way to end the year.

For the last day of trading this year it was a lot more busy than expected.

I was able to get some nice scalps and even had one trade.

SFD H - very slow moving and if I would have given it more time I would have a larger gain but it was still a very good trade. Never was a loser beyond the point where I entered in to it for a very brief time. + 309

I sold some RGLD Jan 50 Calls based on a new signal that is based on weekly bars. 6BW This is a swing trade and I expect to add to this if RGLD continues to move higher.

PHH 6B - gave a signal during the close of the trading that I entered into thinking it may be held over until Friday. I still as of this post have a short of 400 shares to carry over. + 70

The rest of the trades today was based on scalping for small amounts

PSD + 175

OI + 23

JEC + 84

FSP + 168

IRM + 99

FLIR + 44

+974 Day

- 2965 Week

+ 1562 Month

13300 shares

+ 974
 
Back from Las Vegas and started out the day feeling and trading very well. After having a long string of trades that did very well I have been thinking that I need to push my trades for more profit and not exit so quickly.

SQNM H, 6B, I received a strong short signal with SQNM and very quickly I had an unrealized gain of over $2000 but I did not scalp or cover much as I was looking for a gain of about $4000 as I traded a large amount of shares. So far the plan was going well and I believed all was on track. While the SQNM chart didn’t look as good as I have seen it did look very good. One issue with it that I glossed over was that the average trading volume is pretty light which has been know to make stocks really move if they get some wind under their wings. I allowed SQNM to move from a profitable trade to a very ugly looking trade during the course of the day. That along with other mistakes like not scalping with more aggression allowed SQNM to beat up my account. I still have a large short that I am carrying over to tomorrow. - 1817

XTO H, + 71

SUN H, + 23

RMBS gap up after 6B, + 311

DE H, + 105

- 1305 Day / Week

- 980 Month

34400 Shares
 
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