Kevin_in_GA
4,599 posts
msg #130259
- Ignore Kevin_in_GA |
8/3/2016 4:00:59 PM
I just got into the following positions:
TREX - short 340 shares @ $57.70
CEMP - short 900 shares @ $22.25
IDXX - short 200 shares @ $108.00
SALE - short 2000 shares @ $10.041
DISCA - short 750 shares @ $26.761
MNK - short 200 shares @ $79.80 (this appeared on the filter intraday)
ETSY - bought 2000 shares to close @ $13.84 for a gain of $300
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mahkoh
1,065 posts
msg #130261
- Ignore mahkoh |
8/3/2016 6:08:45 PM
Excellent work here, Kevin. So far there seems little room for improvement, maybe just a few things to ponder:
- The bulk of the selections tend to resolve higher so I'd say it's crucial not to overstay your welcome.
- It would seem that stocks where the second day above BB had higher volume are still good candidates if the next day has (significantly) lower volume. Maybe something like:
count(close above upper Bollinger Band(20,3),3) above 1
set{voldown, volume 1 day ago * 0.66)
volume below voldown
- Since you are usually looking for a quick profit after the open, maybe sort on average volume descending; the higher average volume the sooner the spread tightens after the open.
- I would not exclude stocks between 2 and 10. Risk may be higher, but then just trade those with fewer shares.
- I would say that stocks that break out to a new all time highs carry extra risk.
- As for exit; it could be my imagination but it seems that the candle after the signal often is roughly about the same size as the signal candle.
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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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