FAS / FAZ / Daily Discussions / Archives / 03-30-2011 / Friday, September 10 2010

Topie: Friday, September 10 2010 Page: 1 2 3
September 10th, 2010 11:35 AM
wanlorn
Quote:
wanlorn wrote:


Where did you find the setting? I looked around but couldn't find it.


Nevermind I finally found where to add it.
September 10th, 2010 11:36 AM
888nyc888nyc it wasn't a setting. Had to modify the thread template to add the paging code
September 10th, 2010 11:48 AM
membar
Quote:
888nyc888nyc wrote:
:) I found it annoying to have to keep going to the top screen to make sure there wasn't any new pages in the discussion. Hope everyone finds this helpful :)

I've found this annoying too, but chose to suffer in silence rather than doing anything about it. Thanks for this.

I'm exhausted so I'm going to take a catnap and won't be able to call out any Emma trades. My prediction while I lie down: both Emma and my other strategy will get stopped out, the US economy will implode. Bernanke and Geithner will get fired and start an off-broadway musical singing every known song with the word "money" in it (Pink Floyd, Abba, ...).
September 10th, 2010 11:55 AM
ISA_Coder I have an interesting story about my trades today.
So i bought into FAS earlier at 21.38 with a limit sell order at 21.59, which triggered correctly.
I then bought back into FAS at 21.54 and set up another double condition order to sell if it went over 21.75 or below 21.33.
Scottrade messed up my 2nd conditional order and somehow triggered my 2nd round trip and sold at 21.56 (2 cent profit).
I called them up and they admitted that it was an error on their part and that they could reverse the sell order if I wanted, and at that time the price was at 21.45 so I just told them to leave it.

Long story short, they screwed and and I actually benefited from it. If the price had been higher at the time I called them, I could have had them reverse it and made out. So if they ever do screw up again in the future, it looks like I will have the option to time travel with my trades.

I guess their software sucks but at least they have excellent customer service.
Any other scottraders on here?
September 10th, 2010 11:56 AM
888nyc888nyc
Quote:
ISA_Coder wrote:
I have an interesting story about my trades today.
So i bought into FAS earlier at 21.38 with a limit sell order at 21.59, which triggered correctly.
I then bought back into FAS at 21.54 and set up another double condition order to sell if it went over 21.75 or below 21.33.
Scottrade messed up my 2nd conditional order and somehow triggered my 2nd round trip and sold at 21.56 (2 cent profit).
I called them up and they admitted that it was an error on their part and that they could reverse the sell order if I wanted, and at that time the price was at 21.45 so I just told them to leave it.

Long story short, they screwed and and I actually benefited from it. If the price had been higher at the time I called them, I could have had them reverse it and made out. So if they ever do screw up again in the future, it looks like I will have the option to time travel with my trades.

I guess their software sucks but at least they have excellent customer service.
Any other scottraders on here?



me :)
not really sure how they could screw that order up though
September 10th, 2010 12:01 PM
ISA_Coder
Quote:
888nyc888nyc wrote:



me :)
not really sure how they could screw that order up though



Right, i remembered at least someone on here used them too.

The guy on the phone said he had heard they had an issue with conditional orders.
Perhaps this was an extreme case where I had on OCO order where both orders had a condition.
Either way, it worked out for me.
September 10th, 2010 12:17 PM
wanlorn I went in and updated the first post of Emma to represent the rules as coded in the latest code.
September 10th, 2010 12:25 PM
wanlorn Emma bought FAS 21.39 @ 12:24 stop @ 21.07

Emma!R1 sold FAZ 13.68 @ 12:24
September 10th, 2010 12:33 PM
BullDog Looking to buy FAS 21.15
September 10th, 2010 12:37 PM
wanlorn
Quote:
BullDog wrote:
Looking to buy FAS 21.15


The low today has been 21.21 if it breaks below that number I always wait to get in till a new low has formed but thats just my own rule of not trying to catch falling knives.

How'd you come up with that entry point? if you don't mind explaining
September 10th, 2010 12:43 PM
BullDog wanlorn - u r right. The waiting around was killing me smalls. In FAS at 21.33 Taking a chance.
September 10th, 2010 12:49 PM
wanlorn 5 min macd for FAS is just crossed that should be confirmation we are going up from here for a small run at least.
September 10th, 2010 01:24 PM
888nyc888nyc very boring day :P
September 10th, 2010 01:25 PM
wanlorn
Quote:
888nyc888nyc wrote:
very boring day :P


I concur...
September 10th, 2010 01:32 PM
888nyc888nyc as always, don't make a trade just for the sake of making a trade :)
September 10th, 2010 01:34 PM
membar
Quote:
membar wrote:
I'm exhausted so I'm going to take a catnap and won't be able to call out any Emma trades.

I'm back. In the middle of my nap, I wanted to check if everything is okay, so I climbed out of bed but couldn't open my eyes. I suddenly got lightheaded and realized that there was a guy here who was steam cleaning the carpets and had skipped the bedroom because I was sleeping in it. He had also taken everything off of the walls like pictures, etc., disassembled the staircase railing for no good reason and had bagged up most everything in our house in giant laundry bags. I slowly worked my way downstairs, still not able to open my eyes, sat in front of the computer, saw that FAS was $24, then went back upstairs and crawled back into bed. Some time later, I thought "Crap, that didn't just happen, did it?"

At least I'm not stopped out yet, though I think that FAS will probably crater before EOD.
September 10th, 2010 01:35 PM
wanlorn
Quote:
888nyc888nyc wrote:
as always, don't make a trade just for the sake of making a trade :)


Definitely agree with that..

We finally broke through the 5 min upper Bollinger Band. Hopefully we will continue going up..
September 10th, 2010 01:37 PM
wanlorn
Quote:
membar wrote:

I'm back. In the middle of my nap, I wanted to check if everything is okay, so I climbed out of bed but couldn't open my eyes. I suddenly got lightheaded and realized that there was a guy here who was steam cleaning the carpets and had skipped the bedroom because I was sleeping in it. He had also taken everything off of the walls like pictures, etc., disassembled the staircase railing for no good reason and had bagged up most everything in our house in giant laundry bags. I slowly worked my way downstairs, still not able to open my eyes, sat in front of the computer, saw that FAS was $24, then went back upstairs and crawled back into bed. Some time later, I thought "Crap, that didn't just happen, did it?"

At least I'm not stopped out yet, though I think that FAS will probably crater before EOD.


Have you considered a sleep aid at night so you aren't so tired in the middle of trading day?
September 10th, 2010 01:41 PM
membar
Quote:
wanlorn wrote:
Have you considered a sleep aid at night so you aren't so tired in the middle of trading day?

I enjoy my naps and have a flexible work schedule, so I can work whenever I feel like it for the most part. I tend to stay up really late, get up relatively early, then nap in the middle of the day. This works for me except on days I skip my nap or don't sleep long enough. I don't trade for a living so I don't feel compelled to sit in front of the computer the entire trading session, though there's always the off chance that something could go wrong with IB, NT, the Internet, etc.
September 10th, 2010 01:45 PM
Black Swan Something to take minds off the market- it's not worth slapping tight stops. You will get stopped out both ways:-)

http://online.wsj.com/article/SB10001424052748704392104575475781704072278.html?mod=e2fb
September 10th, 2010 01:51 PM
membar
Quote:
Black Swan wrote:
Something to take minds off the market- it's not worth slapping tight stops. You will get stopped out both ways:-)

http://online.wsj.com/article/SB10001424052748704392104575475781704072278.html?mod=e2fb

That's a nice article. I once looked for strategies to backtest which involved openings and closings, but couldn't find any. The closest I could find was Fade the Gap (which I haven't put back into action yet), but you still need to hold until EOD.

That being said, the automated stuff doesn't strictly require you to be around, but you shouldn't really leave because things can and do go wrong.
September 10th, 2010 01:53 PM
MotleyFool11
Quote:
wanlorn wrote:


I looked for a setting for this a didn't find one.

I did too and never found anything. There is a way to edit the page template, but with quick look I could not figure out how to make the change.
September 10th, 2010 01:56 PM
wanlorn
Quote:
membar wrote:

That's a nice article. I once looked for strategies to backtest which involved openings and closings, but couldn't find any. The closest I could find was Fade the Gap (which I haven't put back into action yet), but you still need to hold until EOD.

That being said, the automated stuff doesn't strictly require you to be around, but you shouldn't really leave because things can and do go wrong.


Yea I'd never be comfortable leaving any automated system running live without watching it. Too many things can happen and there's just no way to really account for everything. Now if someone was to offer a program to maintain an automated system and had a guaranty that if the system fails they would match 110% of the profit / loss generated from the failure. I might consider it.
September 10th, 2010 01:58 PM
wanlorn Emma!R1 just entered FAZ again 13.69 @ 13:57 with stop @ 13.48.
September 10th, 2010 02:00 PM
ISA_Coder
Quote:
ISA_Coder wrote:



Right, i remembered at least someone on here used them too.

The guy on the phone said he had heard they had an issue with conditional orders.
Perhaps this was an extreme case where I had on OCO order where both orders had a condition.
Either way, it worked out for me.


UPDATE:
Scottrade just called me back and said that the guy who I talked to earlier was incorrect in that I was actually not able to keep it the way it was with their error in triggering off my order and they said they adjusted my order, which originally sold at 21.56, to a sale at 21.31.

I blew up on them, telling them that it was unacceptable, etc etc...so much for good customer service.
If they don't resolve it, I am 100% going to switch over to TD Ameritrade. If the guy earlier had told me the truth that I was unable to leave it the way it was, then I may or may not have changed my double conditional order.

He said it happened to a lot of people so seems like they screwed up big time.

Sorry for ranting but this is very frustrating.
I'll update again after it is resolved.
September 10th, 2010 02:01 PM
membar
Quote:
ISA_Coder wrote:
Sorry for ranting but this is very frustrating.
I'll update again after it is resolved.

Sorry about that. Jimmy Smith has sung the praises of TDA's customer service before, so you might want to consider that.
September 10th, 2010 02:05 PM
ISA_Coder
Quote:
membar wrote:

Sorry about that. Jimmy Smith has sung the praises of TDA's customer service before, so you might want to consider that.


Yep, I think that will be my plan.
Scottrade has been unreliable in the past too. One time they said that online trades were currently not working and that I could call someone up and have them manually execute my trade. What I should have done then was to make the guy stay on the phone with me for an hour so I could tell him right when I wanted to sell but instead I got screwed.

STAY AWAY FROM SCOTTRADE, the extra 3$ per trade on TD is more than worth it, especially if you are a day trader.
September 10th, 2010 02:08 PM
membar
Quote:
ISA_Coder wrote:
STAY AWAY FROM SCOTTRADE, the extra 3$ per trade on TD is more than worth it, especially if you are a day trader.

On that note, I've been extremely happy with IB. Their fills are breathtakingly fast and they have low commissions on small lots which is a boon for testing new strategies with real money. I've heard their customer service is not that great, especially in cases like the one you encountered, but so far I haven't had issues with them.
September 10th, 2010 02:12 PM
wanlorn
Quote:
ISA_Coder wrote:


Yep, I think that will be my plan.
Scottrade has been unreliable in the past too. One time they said that online trades were currently not working and that I could call someone up and have them manually execute my trade. What I should have done then was to make the guy stay on the phone with me for an hour so I could tell him right when I wanted to sell but instead I got screwed.

STAY AWAY FROM SCOTTRADE, the extra 3$ per trade on TD is more than worth it, especially if you are a day trader.


Have you looked at Charles Schwab now that they lowered their prices. I've heard really good things about their customer service and have a checking account and credit card through them. Never used their trading platform though.
September 10th, 2010 02:16 PM
wanlorn Also if you do decide to go with TD ameritrade and you make a significant amount of trades you might consider opening the account through the following link.

$5 trades for a year

It works out to be better than the free trades and bonus money if you trade a lot. Also after the year is up you can call TD and negotiate a reduced rate again if you generate a significant amount of commissions.
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