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Post by brosin on Sept 8, 2010 12:45:53 GMT -5
**This is designed for scalp positions, of which I will rarely hold anything overnight. This is not a typical strategy for me, and I'm interested to see how I do.**
I am going to start it with $250K on margin, which puts the buying power at $625K. This is a good ratio of my IRA to Trading Account in real life (trading account size is 1/4 my IRA).
Update: as of 2/17/11, this account was closed - it finished +.6% overall and was a wild ride; the takeaway was not to ever hold FAZ without a stop
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Post by brosin on Sept 8, 2010 12:53:19 GMT -5
Buy 2500 HPQ @ $38.43
9/8/10 12:49 pm CT
Cost $96,075
buying power $528K
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Post by brosin on Sept 8, 2010 12:53:54 GMT -5
Buy 5000 CHK @ $21.02
9/8/10 12:52 pm CT
Cost $105,100
buying power $423K
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Post by brosin on Sept 8, 2010 12:59:41 GMT -5
Buy 1000 HPQ @ $38.35
9/8/10 12:59 pm CT
Cost $38,350
Buying power $385K
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Post by brosin on Sept 8, 2010 13:01:07 GMT -5
Buy 5000 FAS @ $20.65
9/8/10 1:00 pm CT
Cost $103,250
Buying Power $282K
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Post by brosin on Sept 8, 2010 13:05:18 GMT -5
Hmm not off to a good start!
Buy 1500 HPQ @$38.29
9/8/10 1:05 pm CT
Cost $57K
Buying Power $225K
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Post by brosin on Sept 8, 2010 13:32:02 GMT -5
Sell 5000 FAS @ $20.83
9/8/10 1:30 pm CT
Proceeds $104,150 (+900 / 1%)
Buying Power $329K
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Post by brosin on Sept 8, 2010 13:39:45 GMT -5
Buy 7500 FAZ @ $14.07
9/8/10 1:39 pm CT
Cost $105,525
Buying power $224K
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Post by brosin on Sept 8, 2010 13:41:31 GMT -5
Stop on FAZ at $13.98
**STOPS for the purpose of this portfolio will automatically hit, if FAZ hits that price, I will have sold**
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Post by brosin on Sept 8, 2010 13:50:54 GMT -5
Stop hit
Sell 7500 FAZ @ $13.98
9/8/10 1:48 pm CT
Proceeds $104850 (-$675 / -.5%)
buying power $328K (typo, said $228K before)
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Post by brosin on Sept 8, 2010 15:01:25 GMT -5
Sell 5000 HPQ @ $38.77
9/8/10 2:59 pm CT
Proceeds $193,850 (+$1,990/+.9%)
buying power $522K (typo - said 422K before)
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Post by brosin on Sept 8, 2010 15:03:16 GMT -5
Sell 5000 CHK @ $21.12
9/8/10 2:59 pm CT
Proceeds $105,600 (+$500 / .5%)
buying power $628K (typo, said $528K before)
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Post by brosin on Sept 9, 2010 9:26:20 GMT -5
Buy 2500 CLF @ $66.40
9/9/10 9:25 am CT
Cost $166,000
buying power $462K
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Post by brosin on Sept 9, 2010 10:05:05 GMT -5
Buy 2500 CLF @$65.70
9/9/10 10:04 am CT
Cost $164250
buying power: 298K
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Post by brosin on Sept 9, 2010 10:19:52 GMT -5
Buy 2500 HPQ @ $38.83
9/9/10 10:19 am CT
Cost $97K
buying power $201K
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Post by brosin on Sept 9, 2010 11:03:05 GMT -5
Buy 2500 CLF @ $65.80
9/9/10 11:02 am CT
Cost $164.5K
buying power $35.5K
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Post by brosin on Sept 9, 2010 14:37:46 GMT -5
Buy 1500 FAS @ $21.45
9/9/10 2:38 pm CT
Cost $32,175
buying power $3.4K
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Post by brosin on Sept 9, 2010 14:50:10 GMT -5
Sell 2500 HPQ @ $38.90
9/9/10 2:50 pm CT
Proceeds $97,250 (+.2% / +250)
buying power $100K
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Post by brosin on Sept 9, 2010 14:51:34 GMT -5
Sell 1500 FAS @ $21.37
9/9/10 2:51 pm CT
Proceeds $32,055 (-.3% /-$120)
buying power $132K
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Post by brosin on Sept 9, 2010 14:54:15 GMT -5
Need to stick to the plan if I'm going to get good at this
Sell 7500 CLF @ $65.68
9/9/10 2:53 pm CT
Proceeds $492600 (-.4%/-$2171)
buying power $624.6K
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Post by drtracyb on Sept 9, 2010 15:09:30 GMT -5
Sell 2500 HPQ @ $38.90 9/9/10 2:50 pm CT Proceeds $97,250 (+.2% / +250) buying power $100K See, this is why I'll never succeed in this market. I just don't have $100,000 to risk to earn $250. :-) |
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Post by brosin on Sept 9, 2010 15:15:41 GMT -5
Sell 2500 HPQ @ $38.90 9/9/10 2:50 pm CT Proceeds $97,250 (+.2% / +250) buying power $100K See, this is why I'll never succeed in this market. I just don't have $100,000 to risk to earn $250. :-) I feel that way too, which is why I gotta start somewhere! Practice makes perfect. I hope... They are small moves I'm trying to grab. |
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Post by essayons on Sept 9, 2010 16:15:10 GMT -5
You can make $ 250 with less money and a little diligence.
Today's trade was 285 shares of TNA @ 38.48/share.
Sold @ 39.45/share with $ 9.95 commission each way.
Invested with commission $ 10,976.75
Profit less commission $ 256.55.
Some days more, some days less.
Remember brosin is trading monopoly money.
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Post by brosin on Sept 10, 2010 11:37:40 GMT -5
Buy 5000 HPQ @ $38.22
9/10/10 11:37 am CT
Cost $191K
buying power $434K
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Post by brosin on Sept 10, 2010 11:41:09 GMT -5
Buy 5000 BP @ $38.19
9/10/10 11:40 am CT
Cost $191K
buying power $243K
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Post by brosin on Sept 10, 2010 11:42:19 GMT -5
Buy 3000 RIG @ $59.80
9/10/10 11:42 am CT
Cost 179K
buying power 63K
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Post by brosin on Sept 15, 2010 11:51:06 GMT -5
Sell 5000 HPQ @ $39.69
9/15/10 11:49 am CT
Proceeds $198,400 (+$7300 / +3.82%)
buying power $263K
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Post by brosin on Sept 15, 2010 12:18:56 GMT -5
Buy 4500 RIMM @ $45.45
9/15/10 12:18 am CT
Cost $204.5K
buying power $59K
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Post by brosin on Sept 15, 2010 14:41:06 GMT -5
Selling all 3 positions right here with market orders
2:40 pm CT
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Post by brosin on Sept 15, 2010 14:42:20 GMT -5
RIMM $45.53
RIG $60.03
BP $38.20
Will calculate the buying power / transaction G&Ls later
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