This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
What a day. 3 wins, 2 losses. My execution was horrible. I am glad these errors are popping up now that I am trading small. I kept my losses small, but let a R 2 gain turn into a loss on my second trade. I bought more shares instead of selling them on my 3rd trade. I am going to look at the “close position” tab on Book Trader with IAB to fix this finger F problem. At the end of the 1st hour of trading (my “day”), I am up 20 SPY cents, or 28 bucks and R 1.4 net. I have gained R 12 in 5 trading days. As a reward I will trade 300 shares tomorrow. Marty Schwartz look out.
On a side note, I eventually plan to scalp YM. I was watching it this morning, and the spread was 1 point more than 95 percent of the time (a guesstimate).
SPY Scalps:
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
November 27th, 2007 at 5:59 pm
LOL @ Marty Schwartz! I can see you screaming at your wife “I’m smacking ‘em!” and she says “That’s great,
BuzzyZoomie!” Glad you’re doing well. More buying power is a great reward. Good idea!November 27th, 2007 at 6:38 pm
LOL. Pit Bull was the first trading book I ever read. I reluctantly started to trade stocks….futures seemed so much cooler. I am glad I started with stocks though. I did this on Maoxian’s advice.