belflan's US stock intra day trades

[belflan]

up $216

not that great with so much on offer today.

best thing by far was that I got the market direction wrong and it didn't cost that much (thinking of last Wed when it cost $2K) cut quick once 10min macci turns

belflan

 

[belflan]

down $564 tonight

running total = +$1,600

won't be intra day trading US stocks for a while, for a number of reasons, trading, and non-trading reasons

trading reasons; intra trade losses on BHI & WFT today, I managed to get the market direction correct but still would have lost around $500 on these trades, (i simply don't think i could handle this live, not the lost, the getting the market direction correct but still losing) got me thinking, hmm, well its about spreading risk with stocks, then, well not really risk would have been spread better on the dow itself, I believe you require alot of experince to trade stocks in this way, and i need to work on this. so no more intra days on stocks....

belflan

 

[belflan]

intra trade losses on BHI & WFT today,

belflan

BHI & WFT spike after US gov news release about not adding the oil stores any more, ie bearish oil

#belflan

 

[belflan]

ok, bit of a poor start trading the dow only, but i'll see how i go

down $1,450 on the night

running total +$150

took a trade too early off the 10min macci tonight, was looking for a up turn, may need to change my rules abit, maybe to wait on 10min bar close.. hmm

not sure what happened to make market fall over, i was thinking market very strong look for pull back for entry, which we got off the 10min, 30min macci was hanging overhead like a dark cloud tho

 

[belflan]

ok, bit of a poor start trading the dow only, but i'll see how i go

down $1,450 on the night

running total +$150

took a trade too early off the 10min macci tonight, was looking for a up turn, may need to change my rules abit, maybe to wait on 10min bar close.. hmm

not sure what happened to make market fall over, i was thinking market very strong look for pull back for entry, which we got off the 10min, 30min macci was hanging overhead like a dark cloud tho

even with loss tonight felt much better to be trading dow only. there can be no excuses now.. need to learn how to predict market direction correctly. get the basics correct first. then move to stocks later on.

 

[belflan]

ok, bit of a poor start trading the dow only, but i'll see how i go

down $1,450 on the night

running total +$150

took a trade too early off the 10min macci tonight, was looking for a up turn, may need to change my rules abit, maybe to wait on 10min bar close.. hmm

not sure what happened to make market fall over, i was thinking market very strong look for pull back for entry, which we got off the 10min, 30min macci was hanging overhead like a dark cloud tho

one other thought on tonights trades, you might well get a good entry off the 10min macci late on close to close. but when should be the cut off point. how late is to late or what critera needs to be met to overnight a trade>?

 

[Glenn]

not sure what happened to make market fall over, ........

60 and 30 min 10 min macci were OB.
What was strong earlier became weak later.
"Markets climb a wall of worry."

13000 would be a number that some were watching. It's just a number but that's what some people do.

Glenn

 

[belflan]

60 and 30 min 10 min macci were OB.
What was strong earlier became weak later.
"Markets climb a wall of worry."

13000 would be a number that some were watching. It's just a number but that's what some people do.

Glenn

hi Glenn, thanks for the post.

I don't look at the 60min intra day, maybe i should, i was thinking strong day wait for a pull back on 10min macci for entry. but there you go. no easy days in this game.

cheers

 

[belflan]

lost tonight $195

 

[belflan]

loss tonight -$165

happy enough with entry tonight,

left the exit slightly late as the 10min had already turned

belflan

running total -$220

 

[Tileman]

down $564 tonight

running total = +$1,600

won't be intra day trading US stocks for a while, for a number of reasons, trading, and non-trading reasons

trading reasons; intra trade losses on BHI & WFT today, I managed to get the market direction correct but still would have lost around $500 on these trades, (i simply don't think i could handle this live, not the lost, the getting the market direction correct but still losing) got me thinking, hmm, well its about spreading risk with stocks, then, well not really risk would have been spread better on the dow itself, I believe you require alot of experince to trade stocks in this way, and i need to work on this. so no more intra days on stocks....

belflan

Hi Glen,

BHI WFT belong to the oil and gas sector as we know and are more correlated to the price of oil rather than the market INDU.I have had very little success in any positions I have taken in SLB BHI WFT RIG, in fact in the last two and half months, out of 13 trades with these stocks only three profitable ones. Some of this might be down to other factors but I feel its more because or the correlation to the oil price than the indu market.
Yesterday was a prime example os on 10min/5min macci at approx 16.20 gmt WFT showing as a strong stock on Iraj N Minute at the time, overlays of indu and oil fund on chart to show as an example.
So my feelings are I need to eliminate these stocks from the list I would welcome comments from Iraj or anyone else on this.

Regards
Graham

 

[belflan]

What was strong earlier became weak later.
"Markets climb a wall of worry."

another one of those nights, 60min 30min & 10min o/b and turning leads to sell off

belflan

running total = $1,035

 

[belflan]

total tonight= $495

runing total =$1,412

belflan

 

[belflan]

actually made $2.5K tonight, won't be including it within results tho, as i was just playing about with hotkey order entries within TWS while watching the football

belflan

 

[belflan]

another night playing about with hotkey orders and TS set up etc

+$70 won't add it to running total tho

 

[belflan]

its funny sometimes how two pieces of your life can come crashing together on occasion

one of the functions within my new job is to look after the attached peace of software. it uses complex models to predict future short term wind forecasts.

must have a look and see if i could drop INDU data into it/??lol

if there is a whole industry built around complex modeling to predict future wind forecasts..i can't think of what the big boys might be running in the money markets

maybe this is why Grey1 doesn't like intra day

altho i would say the VWAP engine is a complex beast

belflan

 

[belflan]

P/L tonight = $410

running total = $1,732

 

[belflan]

total tonight = -$390

running total = $1,142

 

[belflan]

not much done tonight, had to go out

tonights total $140

running total = $1,264

 

[belflan]

tonight total =$175

runing total =$1,364

quite busy with other stuff at the mo..

belflan.