3 trades yesterday, 4 trades today…. I’m trading more and more, but I really shouldn’t be. Volume is still very low. I think I am just getting antsy, and also my internet connection kept me away from the markets on Monday.
You can tell by the black bands in the video that I talked too long, and had to edit down the video to make it under 10 minutes. Basically, I cut out a section where I give examples of choppy untradeable price action. If I had quicktime pro, I could maybe do the editing without re-encoding it. I may have to try that in the future.
September 14th, 2007 at 9:44 am
I gave you a shout out on my blog today, Ive been following these videos and learning… I believe my trade today is the direct result of watching your videos. I lost a small amount of money, but not a large amount of money.. Only time will tell if this adjustment will lower my loses.. which is the aim…
HRGREEN
September 14th, 2007 at 6:04 pm
I’m glad they have helped. There’s another example from today’s (friday 9-14) video where I bailed on a breakout trade in ANAD that wasn’t going anywhere. Little supposed-to-be-scalps are supposed to work right away. The GM one from today is an example of one that acted correctly.
September 14th, 2007 at 8:05 pm
a few questions about your broker(s) - you use both scotttrade and tdameritrade? You use scottrade for data? why that instead of TD? And TD for level 1 and order entry? That quote-delay-mismatch is scary.
I was thinking you’d use direct-access for since you’ve been scalpish lately. I have no experience in direct access yet, so just curious on what is working (or not) for your style.
thanks in advance
September 15th, 2007 at 12:08 am
I just use TD for a datafeed for quotetracker… it’s a better feed than scottrade’s. I do all the order entry and Level I quote tracking through scottrade. I guess it’s scary… I don’t really feel like it’s a big deal. And, it happens to people with only one feed all the time… they just never know it. You’d only find out if you had a mismatched order like I did. Usually, just by switching back and forth while stalking the trade, I notice if the bids across services don’t match, and then I know to be extra careful.
I’ve never used anything but scottrade… initially when I started daytrading I planned to switch to a direct-access broker, but I’ve found my fills are fast and accurate so I’ve had no real reason to switch. And, at $7/trade I do better than a lot of per-share plans for my size, as long as I don’t do any scaling.