Closing things down early today paper-trading the markets as a day-job appointment at 3:15pm must be met.It is now evening and I am throwing in a few details about today. First, I strayed from regular plays by trading in 5 different stocks; GS for + 17 cents per share, QLD for + 24.7 cents per share, RIMM for +22.4 cents per share, SKF for +20 cents per share, and SRS for +15.5 cents. I really liked the early action in the QQQQ's and played some QLD for the first time ever because of it. What I'm finding is that the skills I've been working on, such as they are, seem to work on lots of issues; ETF, listed shares, and nasdaq stocks. Today I mostly faded strong diversions from the mean accompanied by decent volume, in anticipation of pullbacks. One of these days I'll try to figure out how to ride with the momentum and not fade it! Until then, this is what I have. 15 trades spread out over 5 stocks, on 9 positions in 4.5 hours of paper-trading. All positions for winners, although some individual trades that made up those positions were not winners.
-
10 for 15 winning trades; a 67% success rate. Gain of $1.00 per share.
