Weinstein Trading and Fading

Quote from sweeptheleg:

is there a graph of the p/l of this thread anywhere?
More...

Hello Sweeptheleg,

Seems like a good question. I keep in google apps a spreadsheet with the monthly results of my trading. I pulled the reports from IB monthly and they are for all my trading (I normally do not report in ET my HSI and SPI futures trading as well as some afterhours trading once I make the journal). As a result the numbers are a little different than my journal but materially about the same.

This was my first time trying to make a chart out of the data and I didn't want to make it an all night project so its not as 'pretty' as I thought it would be but I don't think very bad for a first timer.

Each bar is a month in 2009. As is pretty clear I could have slept all of march and May and been just as well off.

The other thing that is interesting to me is that in the first three months of this year I was developing a new gap trading system that really brought down my gains.

In April I was net positive for trading stocks but negative in trading the Hong Kong HSI which I have not traded since (I am net negative trading HSI and net positive trading Sydney SPI but have stopped trading both due to losing too much sleep by trading so many hours)

So far July (not yet shown on the chart )has been a tough trading environment as I normally fade over bought stocks and the market has mostly been negative. Also being out of the office for a week and trading (or at least trying to on a limited basis) via laptop for the first few hours a day was not a help.

I have been spending much of my time working on how to trade fixed income with a focus on treasuries as I strongly feel interest rates are going higher but do not want to time it too early and give myself the best chance that I can (I am currently short one contract of Tres futs but would like to build that to over 10 contracts)

So with all that being said here is the chart and best to you

Respectfully,

Robert
 

Attachments

Quote from Jegnyr:

Yes. But the chart hit the moon and broke.

If you want to try to chart the ellipse, then just plug the numbers that Bob has given daily in any charting program. Please be careful and set the moon as the upper limit($moon=upperlimit).

Hope that helps!
More...

Hey Jegnyr,

Thanks !!

not sure that I hit the moon but I can say that its been a good run so far this year.

Thanks for being in the chat

Respectfully,

Robert
 
Quote from Willleung:

hi bob,

keep up the good work.
More...

Ni hao Will !!

Thanks for the kind words and I promise to do my best : o )

I am looking forward to having a beer with you in China. Maybe even two.....

Thanks

Robert
 
Back again in the office and glad to be here.

With the market up again in premarket trading I thought I would get several signals and have a pretty busy day. The day started off with scalping AIG again which is turning into quite the ATM lately.

I did get one signal with HAR and that worked out well. I scalped and traded it and while I didn’t have a huge trade with it the trade was the best single trade in over a week.

MTXX was a quick news scalp and CIT was a quick scalp as well

The short with the Treasury futures continues to go my way. GE was able to bounce higher today again as well which was nice.

MTXX + 67

HAR + 31520

CIT + 167

AIG + 2199

+ 5588 Day
+ 11240 Week
+ 10496 Month
 

Attachments

Quote from Robert Weinstein:

Back again in the office and glad to be here.

With the market up again in premarket trading I thought I would get several signals and have a pretty busy day. The day started off with scalping AIG again which is turning into quite the ATM lately.

I did get one signal with HAR and that worked out well. I scalped and traded it and while I didn’t have a huge trade with it the trade was the best single trade in over a week.

MTXX was a quick news scalp and CIT was a quick scalp as well

The short with the Treasury futures continues to go my way. GE was able to bounce higher today again as well which was nice.

MTXX + 67

HAR + 31520

CIT + 167

AIG + 2199

+ 5588 Day
+ 11240 Week
+ 10496 Month
More...

HAR... short or long?
 
Quote from Robert Weinstein:

Back again in the office and glad to be here.

With the market up again in premarket trading I thought I would get several signals and have a pretty busy day. The day started off with scalping AIG again which is turning into quite the ATM lately.

I did get one signal with HAR and that worked out well. I scalped and traded it and while I didn’t have a huge trade with it the trade was the best single trade in over a week.

MTXX was a quick news scalp and CIT was a quick scalp as well

The short with the Treasury futures continues to go my way. GE was able to bounce higher today again as well which was nice.

MTXX + 67

HAR + 31520

CIT + 167

AIG + 2199

+ 5588 Day
+ 11240 Week
+ 10496 Month
More...

Looks like I had a bit of wishful thinking

HAR is + 3152 and was a short
 
Quote from Robert Weinstein:

Looks like I had a bit of wishful thinking

HAR is + 3152 and was a short
More...

Gracias Roberto! Congrats, even if you did have to drop a digit on the HAR P&L
 
Lots of shares today

The nasdaq really moved higher today along with the Dow and SnP and I decided it was a good time to fade the Nas. I did it with both the futures and the EFT QQQQ. Little did I know that we would have one of the strongest moves higher for the year. I ended up taking a stop loss and moving on. I did trade a lot of shares so I guess my broker IB should be happy but I can’t say I was.
QQQQ – 3356
NQ (sept09) + 151

Another trade that appeared to be a winner was AXP. It was upgraded and they issued a press release today sending the shares much higher. while I took a loss with this trade the funny thing is that my twitter price would have at worse broke even. I closed out most of the shares during the last push down during the close and still holding some shares short overnight if my bid does not get hit during after market trading. I went pretty large with AXP as my trading has gone well lately and I raise the number of shares as I go higher and lower after taking losses. As I write this post there is a pretty active AH trading market for AXP so its a real possibility.
AXP – 389 (now flat as I covered in AH )

RVBD was a good trade although it was slow acting.
RVBD + 615

LZ was a quick gap up fade + 235

I covered the INTC 14 Aug puts today. after yesterdays numbers release that moved the price higher the option premium was only about 4 cents on the offer so I felt it was not worth holding on any longer.
INTC aug 14 puts + 161

GE moved up strongly today for the third day in a row bringing my Jul 12 Puts back into the green very nicely. Again wanting to sell into strength. I am still long covered GE.
GE July 12 Puts + 43

Still short covered ZN (US 30 YR) and that trade is going very well. While I have a quick large unbooked gain I intend to hold it longer even after three days in a row of unrealized gains (somewhat unrealized as futures settle daily)

- 2538 Day
+ 8702 Week
+ 7958 Month
 

Attachments

You must log in or register to reply here.
Back
Top