Fill position @ 34.25 Average cost = 33.96deaddog wrote:Picked up 1/3 position in ALGN @ 33.40
Stop@ 31.75 Target @ 38.40
Move stop to just under 33.
Initial Target = 36.80
Risking less than 0.05% of account.
Fill position @ 34.25 Average cost = 33.96deaddog wrote:Picked up 1/3 position in ALGN @ 33.40
Stop@ 31.75 Target @ 38.40
Error compounded by error.deaddog wrote:Fill position @ 34.25 Average cost = 33.96deaddog wrote:Picked up 1/3 position in ALGN @ 33.40
Stop@ 31.75 Target @ 38.40
Move stop to just under 33.
Initial Target = 36.80
Risking less than 0.05% of account.
I'm not trying to criticize, so don't get me wrong, but when you're trading like this aren't you supposed to make it a full time job, constantly monitoring your positions while the markets are open?deaddog wrote:Error compounded by error.deaddog wrote:Fill position @ 34.25 Average cost = 33.96deaddog wrote:Picked up 1/3 position in ALGN @ 33.40
Stop@ 31.75 Target @ 38.40
Move stop to just under 33.
Initial Target = 36.80
Risking less than 0.05% of account.
Traded lower than my stop yesterday; unfortunately I was on the golf course and didn't have a chance to get out.
I managed to miss the first ½ hour of the trading session today and opened my trading platform to find ALGN down at 31.15. I watched the price action on the 5 minute chart and put a 2 bar trailing stop and got stopped out @ 32.17 for a 5.3% loss.
Can’t blame the strategy on this one, only the idiot doing the trading.
Yup you got that right; just like a regular job.Taggart wrote: I'm not trying to criticize, so don't get me wrong, but when you're trading like this aren't you supposed to make it a full time job, constantly monitoring your positions while the markets are open?
deaddog wrote:
Things were going smoothly when I left. In hindsight I should have put some stops in place and I’m paying for my mistakes.
There was also the flash crash of 2010. A lot of stops got executed way below the stop price. No one has yet figured out what caused it. Maybe a fat finger, maybe not.Taggart wrote: I was investing in it at the time, but it seems to me that during the crash of 1987, many large financial institutions had this bright idea of using program trading as insurance to protect the portfolio. Only problem the market seemed to jump many of the stops put out by those professionals before this massive market downswing. Maybe a once in a lifetime event, but nothing to say something similar can't happen again.
Stopped out @ 19.17 for a 5.6% lossdeaddog wrote:Start a position in JBL @ 20.30
Stop = 19.4 T = 24
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deaddog, today, wrote:Risk = less than 0.5% of Capital.
IMO, you should use consistent measuring sticks when entering and when exiting a position.deaddog, yesterday, wrote:Stopped out @ 19.17 for a 5.6% loss
Not sure what you mean by this.adrian2 wrote:deaddog, today, wrote:Risk = less than 0.5% of Capital.IMO, you should use consistent measuring sticks when entering and when exiting a position.deaddog, yesterday, wrote:Stopped out @ 19.17 for a 5.6% loss
I understood what you meant, my point is that it's easier to follow theory vs. practice when the same denomination is used in projection and post mortem analysis.deaddog wrote:Not sure what you mean by this.adrian2 wrote:deaddog, today, wrote:Risk = less than 0.5% of Capital.IMO, you should use consistent measuring sticks when entering and when exiting a position.deaddog, yesterday, wrote:Stopped out @ 19.17 for a 5.6% loss
Gotcha; the month end spreadsheet gives both.adrian2 wrote: I understood what you meant, my point is that it's easier to follow theory vs. practice when the same denomination is used in projection and post mortem analysis.
E.g., projected capital at risk = 0.5% of capital, actual capital loss = 0.6% (or actual gain = 1% ).
I'll have to think about it, laziness is a strong de-motivator.deaddog wrote:While you are checking out my losses why not post your option trades?
I don't mean to be a day trader but some days your the windshield, some days your the bug.deaddog wrote:YUM:
Bottom fishing. I liked the move on Friday,
Buy @ 64.44; stop = 63.44 T= 68.00
Out @ 64.44deaddog wrote:Buy @ 64.44
To show you there's more than one paying attention:deaddog wrote:should read $63.44
at least I know someone is paying attention
But are you really paying attention? Remember this conversation?adrian2 wrote:To show you there's more than one paying attention:deaddog wrote:should read $63.44
at least I know someone is paying attention
$1 / $64.44 = 1.57%, plus commissions.
My risk was 0.51 % of capital my loss was 0.51% of capital.deaddog wrote:Gotcha; the month end spreadsheet gives both.adrian2 wrote: I understood what you meant, my point is that it's easier to follow theory vs. practice when the same denomination is used in projection and post mortem analysis.
E.g., projected capital at risk = 0.5% of capital, actual capital loss = 0.6% (or actual gain = 1% ).
I'll post gains and losses as a percent of capital.
While you are checking out my losses why not post your option trades?
I've actually considered that possibility, just could not imagine a single position being one third of your portfolio.deaddog wrote:My risk was 0.51 % of capital my loss was 0.51% of capital.
My loss on the trade was 1.57%.
OK, since you insist.deaddog wrote:Start of a new month, let's see some of your trades..
Actually it happens quite often. My strategy for position size is dictated by the perceived risk. This is a percentage of my capital. If I have $100,000 of capital and risk 0.5% then my perceived risk per trade will be $500.adrian2 wrote: I've actually considered that possibility, just could not imagine a single position being one third of your portfolio.
PZA.UN 900 shares cost $9002deaddog wrote:Got any open positions we can follow?