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 [...]
Switching Brokers
November 26th, 2008 · 4 Comments · General
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 [...]
Waiting Patiently.
November 19th, 2008 · 3 Comments · General
Well, nothing much to report actually. When OPTR reached 8.18 from 8.50, I thought it will finally crack up. But nope, it has some amazing support above 8$. All day along, OPTR kept touching 8.50 and then down, and touching 8.50 again. 15 minutes in to the close, it moved past 8.50 and closed at [...]
My Biggest Loser?
November 18th, 2008 · No Comments · General
OPTR – My friend and My enemy. I was up by 384$ on Wednesday EOD on my short position and since then OPTR has been rising, reaching for the moon. I kept shorting it, it kept moving up. Today, I am down by 1040$ on my OPTR position. I still didn’t close it today. As [...]
Watches for Monday, 17th November
November 17th, 2008 · 6 Comments · General
Tomorrow is very crucial for me. As I wrote on Friday, I am short 1300 shares of OPTR at average price of 7.60. Currently, I am down by 700$. Adam N., who was short from 8.5, couldn’t see the uptake and covered his position on Friday. I think OPTR might head bit higher tomorrow but [...]