Just wanted to update the blog saying that I am still here, alive and kicking. I have gone back to doing more reading (Position Sizing, Risk Management), evaluating tools (NinjaTrader, ButtonTrader, OpenQuant, Trade Ideas) and most importantly I am getting ready to switch brokers. If you look at my trading journal, you will find that [...]
Entries from November 2008
Switching Brokers
November 26th, 2008 · 4 Comments · General
Watch for November 24th
November 24th, 2008 · 9 Comments · General
I am only going to watch one stock. C. The news is that US government is guaranteeing the assets of Citigroup. This means that C has a great potential to rally tomorrow. I think C will gap up tomorrow and continue the run. It should break 5$ at minimum. I will be watching pre-market movement [...]
Tags:c
Ending my affair with OPTR
November 21st, 2008 · 9 Comments · General
Finally, I closed my OPTR position today. After a brief spike in morning, OPTR went to 7.50 and was trading sideways. I felt that it could go test yesterday’s low of 7.30 but I did not want to take chance and closed my position for tiny gain. Here are the trades I made with OPTR [...]
Tags:optr
OPTR – My Trading Teacher
November 21st, 2008 · 7 Comments · General
Finally. Finally, OPTR cracked today. Did my patience paid up? Did I make profit? Here’s what happened: In morning, I was holding 1300 shares at an average price of 7.63. As I had to leave for work at 11, I put a LIMIT order to cover 400 shares at 7.30, trying to lock in some [...]
Will my patience pay up?
November 20th, 2008 · 6 Comments · General
Today, OPTR conformed to the statistics I discussed yesterday. It didn’t have 5th GREEN day and finally went RED. OPTR gap downed at 8.50, went as low as 8.09 and finally closing at 8.29. This is as per my expectations. If you read my earlier post, I wrote that OPTR will go higher on Monday [...]