Day Trading Stocks : Progress Thread

[bmw335isedan]

Result of April 10, 2013

Hello guys

I made 2 trades today

I bought at 1138.60 and sold at 1139.00 = 4 ticks
I bought at 1139.00 and sold at 1139.40 = 4 ticks

So I made 8 ticks x 35,000 won = 280,000won about $240

It is nothing compared to yesterday's gain, but at least I am following my own rules and did not lose any money!


http://img521.imageshack.us/img521/2853/4102013usdkrw.jpg


I decided to use old broker's charting software and use new broker for execution only.

now i have about 23.7K

 

[bmw335isedan]

Result of April 12, 2013

Hello guys

I did not make any trades today because USD/KRW Future expired this coming Monday (April 15) so it did not have enough liquidy; therefore, I will be trading next month's future on Monday.

Have a nice weekend guys!

 

[bmw335isedan]

Result of April 15, 2013

Hello guys, I did not make any trades today because I had a family business to take care of and today is the day of future expiration. See you guys tomorrow!

 

[bmw335isedan]

Result of April 17, 2013

Boring boring boooring!!!

Take a look

http://img826.imageshack.us/img826/4278/4172013usdkrw.jpg

No action today. I waited patiently for good setups. Nothing 0!

 

[bmw335isedan]

I didn't realize that I am 6th place in terms of most views within 90days!

I didn't know that people are interested in Day Trading this much. Hopefully what I am doing helps.

 

[Jonleehacker]

I made 3 trades today

I shorted at 1123.10 and covered at 1121.70 = 14 ticks
I shorted at 1122.00 and covered at 1121.10 = 9 ticks
I shorted at 1121.20 and covered at 1121.20 = 0 tick

Total = 23 ticks x 36000won = 828000won = about $730

now I have about 25.7K

http://img268.imageshack.us/img268/7...2013usdkrw.jpg

Curious about your first trade of the day here. Looks like you bought right at the open. All of your other trades have used the open price but waited for confirmation above that level, so what was different here that you sold right at the open level?

 

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[bmw335isedan]

Hello guys I was very busy today. Will update with you guys tomorrow!

 

[bmw335isedan]

Result of April 24, 2013

Hello guys

Take a look at today's chart

http://img546.imageshack.us/img546/4800/4242013.jpg

extermely boring no volume!!

No trade for today.

I have something to tell you guys today.

I started blogging in Korean language (same content as here, but in Korean)

However, one problem I see is that I felt very comfortable sharing earning information here, but in my blog, my friends and relatives do visit. Although they do not know the existence of this thread, but I am afraid they would find it.

So from now on, I will not be sharing earnings information, but I will share how much ticks I made.

As soon as I reach my goal, I will stop this thread.

I hope you guys understand

 

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[bmw335isedan]

Result of April 25, 2013

Hello guys

As soon as I checked S&P500, I knew that today would be another boring day because simply S&P500 did not move

http://img23.imageshack.us/img23/1066/4252013.jpg

check it out

I should have shorted on top arrow and cover at the bottom arrow, but I thought it would not make that much of a move. I could have made 7 ticks if I sticked to my original plan.

My mistake, but still I have not lost any money.

 

[efcno1fan]

great post mate .....this thread has me looking for new updates every day

maybe you could start your own coaching course the way things are going

 

[bmw335isedan]

Result of April 26, 2013

Hello guys

http://img9.imageshack.us/img9/1280/4262013.jpg

3 days in a row I did not make any trade cause I did not see any reliable signal. I almost made the opening bell trade, but decided not to get in.

Anyways looking for more volatile market next wekk

Have a great weekend guys

 

[PeteLife]

loving the updates. keep up the good work.

speed +++

 

[1step]

Love the updates but being so new its like reading a foreign language, thanks learning a ton

 

[bmw335isedan]

Result of April 30, 2013

Hello guys

Take a look

http://img7.imageshack.us/img7/1424/4302013.jpg

Opening bell trade did not go well today. I got filled at low price so I lost 4 ticks right away.

But second trade went well and made 8 ticks resulting 4 ticks net profit.

Of course, this is not huge compare to previous gains, but I at least turned green.

 

[bmw335isedan]

Result of May 1, 2013

Today is South Korean labor day. No stocks, Futures, nothing!

 

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[bmw335isedan]

Result of May 2, 2013

hello guys

Two days ago I went to Samsung Futures Corporation seminar. One of senior manager told people that the company profit is declining because recently, volatility went south. I almost told him that it is because I have not made much trades

I thought it was my own problem, but I guess everyone was having the same problem.

However, http://img855.imageshack.us/img855/6169/522013m.jpg

Today 17 ticks profit!!

 

[bmw335isedan]

Result of May 4, 2013

Hello guys

Today I did not make any trades

http://imageshack.us/a/img854/8716/532013.jpg

Sorry I was busy on Friday so I am updating now.

 

[bmw335isedan]

Result of May 5, 2013

Here's the result for today

http://imageshack.us/a/img266/2253/562013.jpg

Total of 7 round trips and profit of 14ticks. However, it is more like 7 ticks because once broker start charging me fees, it will be one tick per round trip.

Anyways, as I promised earlier, I will try my best to tell you guys about the decisions that I made.

I think I mentioned this before, but I am a trend follower. Even in scalping, I believe there are two types. Thoese who bet against the trend and those who go with the trend.

My strategy has been modified slightly to meet the market criteria, so what I am saying today is the most updated version, but the main idea is the same.

Mainly I am looking for a signal bar either Bullish bar or Bearish bar with volume. Also it has to be above moving averages (5,20,60,120) for Long and below for short.

Once I get in, I am looking for next 3 ~ 5 ticks and get out. For stoploss, I use 5 ticks, but rarely it hit because I get out when the price breaks 5 moving average.

Sometimes i make more than 5 ticks because simply market movement is so strong that it just goes in my favor.

So let's talk about the real example from today. I will just explain couple of them.

First trade I made, big bearish signal bar below moving average 5,20,60,120. I got out when I hit 5 ticks, but when you buy back with market price sometimes I get 4 ticks profit.

Second trade, I got in but market only moved 3 ticks so I waited, but ended up breaking 5 moving average so I made 1 tick out of the trade.

Third trade, I got 4 ticks same entry rule.

So on.. it is a very simple strategy focusing on not losing money rather than making huge profit from one BIG trend.

Keep in mind that there are strategies for profiting from a big trend, but you have to face the whip-saw (non-trend).

My personality just does not let my account go into negative territory. I think it is all about personality rather than strategy, but most people focus on "which strategy makes the most money?" "How should I trade?"

Even if Warren Buffet taught me how to buy and hold for long term, it would be useless to me since I am very impatient.

 

[bmw335isedan]

Does anyone else have better idea? I am always open minded. Looking to change whenever I feel necessary

 

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[bmw335isedan]

Result of May 10, 2013

I am currently in the process of creating trade station account. Representative was polite, knowledgeable and quick in response. I was able to literally finish application process within 15 min or so. Now I turned in all required documents and I am waiting for approval. If approved today, I can send out international wire on monday and probably I can start trading on monday.

 

[bmw335isedan]

Sorry guys for delays. Will update as soon as I am back

 

[theticker]

the only people vvho get rich day trading are the brokers.

 

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[theticker]

Hello guys

I made an important decision. I decided to withdraw all my money and go to Tradestation and trade E-mini S&P 500 and Euro FX.

I am tired of lack of liquidity in Korean market. Maybe later I will come back for South Korean Kospi Futures.

Behind this decision my paper trading account at thinkorswim has grown consistently over 3 months.

As i said...day trading isn't vvhere it's at.

 

[bmw335isedan]

Day trading stocks is NOT fastlane....

the big money is in finding outstanding stocks and holding for many months. Think TASR 2003-2004 from $2 to $350

HANS, novv MNSTR, $7 to $500+ in three years.

The BIG money is in the big moves....and it's passive!
yes they are rare but it's vvhere millionaires are made. I have never met a day trading millionaire ever.

You are going to see one in a bit

the only people vvho get rich day trading are the brokers.

Hello guys



As i said...day trading isn't vvhere it's at.

I have read this many times in the book and in the news. "90% of volume in futures come from Day Trading"

New CFTC Data Indicates Day-trading (HFT) Accounts for 90% of Gold, Silver, Oil Futures | SilverDoctors.com

Take a look at the fact.

There are tons of money in Day Trading. Why would people day trade when they cannot make money? Of course there are people who make a lot in long term, but that has to do with trader / investor's personality.

Trading business is pretty much an anonymous business, so I am sure people who make a lot of money are just hiding.

Simply no reason to go public and I will go anonymous once I hit 100k as well (hopefully )

 

[bmw335isedan]

Oh yeah forgot to mention.

Tradestation account has been approved and I just sent out wire on Sunday via online banking (South Korea Citi Bank). Surprisingly they let me send out wire 24/7.

I will probably just observe today and learn about trading platform.

 

[theticker]

So I am trolling because I called B*S* on your day trading "theory"?


Even O.P. admitted he abandoned his original method and starting something new. Next time he'll abandoned the whole idea and start another business.

So on here you either agree with o.p. or you are trolling?

I expected a lot more professionalism on this board....Seems I am wrong.

It's more like a "cult" than a meaningful business board. Even the mighty M.J. is wrong sometimes you know?
or is that not open to discussion?

Enjoy.

 

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[Jonleehacker]

Tradestation account has been approved and I just sent out wire on Sunday via online banking (South Korea Citi Bank). Surprisingly they let me send out wire 24/7.

btw, I've been meaning to ask you to post the books about day trading that you read that you would recommend.

 

[theticker]

"How to make your broker rich and get shafted by H.F.T. hedge Funds in under 8 weeks" is a great start.

btw, I've been meaning to ask you to post the books about day trading that you read that you would recommend.

 

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[theticker]

if you want real world trading go to Elitetrader....ask many pro's about real day trading..Not o.p who as about 2 min's experience and pours scorn on anyone dare questioning his wisdom. the only one making money employ H.F.T./computer algorythem trading and that's intense.

O.P. with his moving averages/chart patterns has 0.0001% chance of lasting more than 3 months. Still he "might" learn something from it.

op bet you $100 you are not up in % after 6 months! bet 12 months form now you will not still be day trading..But have a good time trying!

The main point here is.....day trading is not passive. Something no-one seems to have mentioned. The fact it's not profitable is a huge problem as well.

 

[theticker]

LOL...you don't say......

I know that paper trading is very different from real trading

,

TOO funny.