Eman93
4,750 posts
msg #130263
- Ignore Eman93
modified |
8/3/2016 11:24:13 PM
Kevin this is a great interview and lots of great info..HFT and putting out limit orders. although yours are small you didn't get filled today so this is why..
This is good for anyone if you have the sound cloud app you can listen in the car!
https://soundcloud.com/chat-with-traders/077-dennis-dick-bright-trading
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Kevin_in_GA
4,599 posts
msg #130272
- Ignore Kevin_in_GA
modified |
8/4/2016 9:51:55 AM
TREX - short 340 shares @ $57.70
10:21 - bought to close at $57.12 for a gain of $193
CEMP - short 900 shares @ $22.25
currently at 22.74, will hold overnight
IDXX - short 200 shares @ $108.00
15:52 - bought to close at $108.10 for a loss of $22
SALE - short 2000 shares @ $10.041
15:49 - bought to close at $10.05 for a loss of $35
DISCA - short 750 shares @ $26.761
09:40 - bought to close at $26.48 for a gain of $203
MNK - short 200 shares @ $79.80 (this appeared on the filter intraday)
10:04 - bought to close at $79.00 for a gain of $158
Gain on closed trades = $497
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Kevin_in_GA
4,599 posts
msg #130284
- Ignore Kevin_in_GA |
8/4/2016 4:02:27 PM
Positions entered right near today's close:
FIT - short 1300 shares @ $15.43
NSM - short 1350 shares @ $14.9003
SMG - short 250 shares @ $79.381
CMCM - short 1600 shares @ $11.90
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Kevin_in_GA
4,599 posts
msg #130288
- Ignore Kevin_in_GA
modified |
8/5/2016 9:53:01 AM
Mostly red on these so far this morning, but the day is young. Will update as positions close out or by EOD.
FIT - short 1300 shares @ $15.43
09:35 - bought to close at $15.23 for a gain of $247
NSM - short 1350 shares @ $14.9003
SMG - short 250 shares @ $79.381
14:47 - bought to close at $79.50 for a loss of $33
CMCM - short 1600 shares @ $11.90
14:51 - bought to close at $11.90 for a loss of $10 after commissions
CEMP - short 900 shares @ $22.25
11:14 - shorted another 900 shares at $23.74. New basis is $22.99. Will hold on this until Monday (not planned)
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Kevin_in_GA
4,599 posts
msg #130290
- Ignore Kevin_in_GA |
8/5/2016 11:14:28 AM
ELY just popped up on the short filter screen. Looks like it was driven not by any financial metrics but because NIKE has opted to stop producing golf clubs.
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mahkoh
1,065 posts
msg #130300
- Ignore mahkoh |
8/5/2016 3:55:16 PM
Have you considered taking positions at next day's open? It seems gap risk to the upside may be larger than to the downside?
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Kevin_in_GA
4,599 posts
msg #130301
- Ignore Kevin_in_GA |
8/5/2016 4:03:44 PM
Positions taken today:
PH - short 165 shares @ $121.00
ELY - could not get a decent fill
COT - short 1200 shares @ $16.67
GOGO - short 1900 shares @ $10.28
Positions being held over the weekend:
NSM - short 1350 shares @ $14.9003
CEMP - short 1800 shares @ $22.99 (ouch).
Goes to show that doubling down isn't always a quick fix. I think that CEMP is wildly overbought right now, and I'll hold this one for a bit longer than I had planned but with the expectation of breaking even or better.
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Kevin_in_GA
4,599 posts
msg #130302
- Ignore Kevin_in_GA |
8/5/2016 4:05:51 PM
Have you considered taking positions at next day's open? It seems gap risk to the upside may be larger than to the downside?
That is an option, but you risk missing out on the gaps down - a lot of my successful trades posted here are closed out within a few minutes of the open.
I'll study the historical trades to see if that works better. Thanks.
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mahkoh
1,065 posts
msg #130305
- Ignore mahkoh
modified |
8/5/2016 4:47:05 PM
Looking at GOGO as an example, you could set a sell stop at 10.21 and then take profits at 10.10 support. Or more conservative, a sell stop at 10.10 for a move to 9.85.
I would definitely sleep much better.
(Moving to the next page also helps, this giant Dennis Dick face on the previous page kept me awake last night ..)
((Is indeed a good interview by the way, thanks Eman))
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johnpaulca
12,036 posts
msg #130307
- Ignore johnpaulca |
8/5/2016 7:56:44 PM
Goes to show that doubling down isn't always a quick fix. I think that CEMP is wildly overbought right now, and I'll hold this one for a bit longer than I had planned but with the expectation of breaking even or better.
*************************************************************************************************************************************
CEMP...the breakout target is measured to just above $25
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