Thank You!

[JJZ]

Just dropping a quick thank you to the people that run ASF, to Joe and all the people who help and contribute to it.

This forum, the old posts and the other members have accelerated my learning by 1000%. The books/software recommendations have saved me 100s of hours and probably $1000's too!

I started real trading about a week ago, the impact of moving from paper trading to using real $$$ cannot be underestimated!

Oh for those curious how my first week went.... 7 Trades, got stopped out on x2 at -12% the other 5 are currently +4.5% on average.

With brokerage I am probably $100-$150 down, but my trading capital is small so as long as I can see some real life positive results I am happy. Hoping to scale things up in 3-6 months when I have some more confidence.

Thanks everyone.


JJZ

 

[CanOz]

Good luck JJZ!

 

[skc]

I started real trading about a week ago, the impact of moving from paper trading to using real $$$ cannot be underestimated!

Go get them Tiger

 

[Gringotts Bank]

You need 17 screens and a ping of .00072 microseconds before you even consider trading.

And what's all this talk about confidence?

 

[Gringotts Bank]

More to the point...

It's good that you've spread the risk over a number of stocks and that you're getting used to turning things over, taking losses as they present and still holding your winners. Most new traders grab money off the table as soon as it presents itself and hold their losers, hoping for a turnaround.

Do the unrealized winners have further upside? Or is it time to cash in? When/how will you know?

 

[JJZ]

More to the point...

It's good that you've spread the risk over a number of stocks and that you're getting used to turning things over, taking losses as they present and still holding your winners. Most new traders grab money off the table as soon as it presents itself and hold their losers, hoping for a turnaround.

Do the unrealized winners have further upside? Or is it time to cash in? When/how will you know?

I am hoping my winners have further upside, my exit is based on a trailing stop. The stop is something I wrote myself which is a combination WMA and ATR. It also includes checks later on to trigger an exit if the trade is going sideways or if the price is gapping down.

I just run an explore (AmiBroker) on my portfolio/watchlist EOD, it spits out my new stop values and alerts me if I need to plan an exit or if I am within a couple of % of my stop and I need to keep my eyes on the trade.

Stops are triggered Automatically by Commsecs Conditional Trade system (I don't really like it) , but I am in the process of Setting up an account with CMC Stockbroker hopefully their system will be better.

JJZ

 

[Gringotts Bank]

I am hoping my winners have further upside, my exit is based on a trailing stop. The stop is something I wrote myself which is a combination WMA and ATR. It also includes checks later on to trigger an exit if the trade is going sideways or if the price is gapping down.

I just run an explore (AmiBroker) on my portfolio/watchlist EOD, it spits out my new stop values and alerts me if I need to plan an exit or if I am within a couple of % of my stop and I need to keep my eyes on the trade.

Stops are triggered Automatically by Commsecs Conditional Trade system (I don't really like it) , but I am in the process of Setting up an account with CMC Stockbroker hopefully their system will be better.

JJZ

Sounds good. CMCs conditional orders are pretty handy as they are. In the recent ASF/CMC survey I requested a few additional features to them which would make them outstanding (imho). I'm keen to see if they apply them.

 

[Modest]

Good luck mate!