FAS / FAZ / Daily Discussions / Archives / 11-04-2011 / Tuesday, 1 June 2011

Topie: Tuesday, 1 June 2011
June 1st, 2011 11:36 AM
allen314159 Overnight gap: :angry:
In faz: :D
June 1st, 2011 11:37 AM
allen314159 Arg, wrong day of week!
June 1st, 2011 11:58 AM
BullDog Major pull day. Loading up again. Bought FAS, COP, GE and AA
June 1st, 2011 12:20 PM
membar It's days like this that I'm glad that my xKOS stops are in place.
June 1st, 2011 12:31 PM
allen314159
Quote:
membar wrote:
It's days like this that I'm glad that my xKOS stops are in place.


Great.... watch for the turnaround folks.
June 1st, 2011 12:38 PM
BullDog Techniques instead of using stops
(1) Put protection
(2) Hedge with defensive, large caps
(3) Always sell on up days, so one can buy back on down days
(4) Short your own shares

I am doing (2), (3) and (4), need to further improve those techniques, i.e do more of those.

If one can master thees, ya'll make big money.
June 1st, 2011 02:45 PM
membar
Quote:
allen314159 wrote:
Great.... watch for the turnaround folks.

:P
June 1st, 2011 02:46 PM
membar
Quote:
BullDog wrote:
Techniques instead of using stops
(1) Put protection

I like (1) instead of stops. I'm thinking of throwing in the towel with daytrading altogether and just doing things like xKOS and certain swing trades.
June 1st, 2011 02:50 PM
allen314159
Quote:
membar wrote:

I like (1) instead of stops. I'm thinking of throwing in the towel with daytrading altogether and just doing things like xKOS and certain swing trades.


Out of the money puts and calls are "worth it" from a return-to-risk ratio when holding to expiry... at least the last time I looked..

But the spread makes daytrading with them not worth it.

membar, if you stop day trading, then it'll just be me?? Maybe ISA, but haven't heard from him in a while.
June 1st, 2011 03:22 PM
membar
Quote:
allen314159 wrote:
membar, if you stop day trading, then it'll just be me?? Maybe ISA, but haven't heard from him in a while.

I'd still be doing the xKOSes and still be around. I'm just sick of getting stopped out when daytrading.
June 1st, 2011 03:22 PM
membar I wonder how many extra shares of FAS I'll pick up at the end of the day.
June 1st, 2011 03:26 PM
allen314159
Quote:
membar wrote:
I wonder how many extra shares of FAS I'll pick up at the end of the day.


My code might actually select holding FAZ overnight....

I "test" ran it, and it was giving a FAZ open for tomorrow's gap. I'm just afraid a bailout package will be created overnight while I'm stuck in FAZ....

but...

I've gotta be a machine and follow the statistics/strategy.
June 1st, 2011 03:45 PM
membar
Quote:
allen314159 wrote:
My code might actually select holding FAZ overnight....

I'd be way too scared to hold FAZ overnight. I probably shouldn't even hold FAS.

Looks like we're headed towards DOW 11xxx
June 1st, 2011 03:47 PM
HeidiTwit Does daytrading tna/tza count? We're still in the game.
June 1st, 2011 03:59 PM
ISA_Coder
Quote:
allen314159 wrote:
membar, if you stop day trading, then it'll just be me?? Maybe ISA, but haven't heard from him in a while.


I'm still here, I lurk, I just don't post as often as I used to, not much to report really.
I scalped AGQ this morning, in at 197.67, out at 201.40.

Days like today I'm glad I day trade and don't buy and hold, I mean just look at the plummet on AGQ today, would have hated to be holding during that. I just can't hold long by my nature, if I were holding today, I would have not been able to resist a reverse scalp after AGQ plumetted more than 2% in about 15 minutes, but then again, i suppose people who hold long don't watch it all day like us day traders do.
June 1st, 2011 04:00 PM
ISA_Coder and i believe 888nycnyc888 was still day trading last time he chimed in
June 1st, 2011 04:01 PM
membar Well, I made money off of AGQ/ZSL today despite being stopped out with AGQ, so I'm still in the daytrading game.
June 1st, 2011 04:06 PM
HeidiTwit I was looking at tza out of the shute @33.40.

Of course, I didn't get in. But I'm interested in the short side all summer.
June 1st, 2011 04:06 PM
BullDog I day trade and swing trade.
Having more success with swing trades recently.
Generally I have fixed sell points. Many times they appear the same day (day trade) and many times have to wait a day or tow.
June 1st, 2011 04:12 PM
allen314159 So my code chose FAZ for the overnight hold, and cites a 54% of FAS < 0 open, so the statistics are slight. The predicted open is 25.39 for FAS.

I hope this isn't a programming error.
June 1st, 2011 04:52 PM
membar
Quote:
allen314159 wrote:
So my code chose FAZ for the overnight hold, and cites a 54% of FAS < 0 open, so the statistics are slight. The predicted open is 25.39 for FAS.

Good luck! I'd be scared after a massive down day like this.
June 1st, 2011 04:55 PM
allen314159
Quote:
membar wrote:

Good luck! I'd be scared after a massive down day like this.


Same here... At least I've got a "buffer" from earnings today.