Narrow range day and also a Friday. Never seem to get a decent return on these sort of days.
On OVTI I didn't get filled on my full order, hence it's win didn't compensate for the LVS loser.
LULU-Thr 7/10" no trade. Fri GMCR -3/10" beauty PPO -7/10" no trade. For next week I'm deleting >+/-.50 point up gappers at the open on my $10-100 >1ml advol WL of 1200 stocks and concentrating on momo types that rally from a more or less flat open. Today's included: sndk cree clf tck eqix apkt veco de cyh. It suits my trading style. A friend of mine buys well known stocks that sold off, waits to buy, and looks for 1 point move on 100 shares. He's been doing quite well, and one could do that with alot of stocks that don't sell off: basically throw a 100 share dart at any stock say over $40 with volume. In fact one could buy 10 stocks 100 shares each on any given day and say net $50 each on and make $500, and be done with it already with less risk. 60k account...I'll paper trade that Monday. bot/sol FCX 115jan Th to F for $550 gain. The goal here is to clear $550 per trade on a move of .60 1-15 days, and doable imo. Last 4 trades worked well:jpm goog rig fcx and waiting rig again
4 comments:
LULU-Thr 7/10" no trade. Fri GMCR -3/10" beauty PPO -7/10" no trade. For next week I'm deleting >+/-.50 point up gappers at the open on my $10-100 >1ml advol WL of 1200 stocks and concentrating on momo types that rally from a more or less flat open. Today's included: sndk cree clf tck eqix apkt veco de cyh. It suits my trading style. A friend of mine buys well known stocks that sold off, waits to buy, and looks for 1 point move on 100 shares. He's been doing quite well, and one could do that with alot of stocks that don't sell off: basically throw a 100 share dart at any stock say over $40 with volume. In fact one could buy 10 stocks 100 shares each on any given day and say net $50 each on and make $500, and be done with it already with less risk. 60k account...I'll paper trade that Monday. bot/sol FCX 115jan Th to F for $550 gain. The goal here is to clear $550 per trade on a move of .60 1-15 days, and doable imo. Last 4 trades worked well:jpm goog rig fcx and waiting rig again
Thinking of trading full time yet.
I am effectively trading full time as on most days I am at home when the US market opens.
Nice explanation with STATS, OVTI and LVS.
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