Trading Results 1/26/10

January 27, 2010 3:12 pm Robert Weinstein Trading results

Not a bad day for as little as was done.

I tried out a feature with IB of trading odd lots today for the first time. I was getting a weak short signal with AAPL but I really didn’t want to step up to the plate with normal size lots or even 100 share lots so I used the advice from the chat of just using odd lots. I never gave it much thought due to slippage and that commissions eat up big chunks of gains and normally wipe out any edge. In the case of a $200+ stock though it can make sense when the spreads are only a few if more than 1 cent and with commissions of 70 cents even with a odd lot it was not bad. I tried out 10 share and 20 share lots and both had about the same commission. At 20 shares its not all that different than a $40 stock with higher commissions. I never held more than 30 shares at any given time but next time I want to trade one of these big dogs I think I will be ready and with a different plan. AAPL + 16
AGO + 54
VLTR Gap up opening trade. Worked out well + 238

X Was a little different kind of trade than I normally do. I will rarely fade a stock after the last hour to hour and a half to the closing bell has begun. I have found in backtesting that there is a negative edge. What I never did do when I found this out was to find out what is the best entry to follow the trend. So for the last year or so I have watched but have not backtested going with the trend during the end of the trading day. X was making new lows and I put on 100 share lots with tight stops and was stopped out several times for small losses and then I was able to grab a couple medium sized moves on the way down while remaining a tight stop the whole way. I would have done much better with a wider stop or larger size, +65

+265

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