Tuesday, August 21, 2007

Trades for Monday 8/20/07

Closing Trades:
Sld HPQ for 15 cents (premarket)
Sld RDEN for 12 cents (open)


Day trades:
PLD
was fine for the strategy

Opening Trades:
Buy PLD @ 58.99 (3:59)

10 comments:

DM said...

For PLD, did you adjust your target percentage wise in line with your other trades? For example, if your target is 0.20 for a $20 stock, will your target for a $40 stock be 0.40?

Tr8erGirl said...

Dm - no - which is why I try to keep what I trade within a certain price range, so I can get similar %, but it doesnt always happen that way. Generally I use an actual dollar amount per trade as opposed to a percentage amt. Don't know if makes sense or not, but it workd for me.

DM said...

OK, so let me check my math...

Buy 1,000 PLD @ 58.99 = 58,990.00
Sell @ 59.19 = 59,190.00
Gross profit = 1000*.2 = 200.00
Minus commission $10 x2 = 180.00
Minus margin $7 x2 = 166.00

If you had put up 50% that would mean you made $166 on ~ $29,500.00 or 0.5%.

Multiply by 20 trading days gives 10% a month.
Pretty darn good!

Tr8erGirl said...

M - yup.....I try to grab $100-$150 per trade, and try to do 2 swing trades and 2 daytrades per day. So if everything is going my way, then it works out. Ultimately though, I'd like to shoot for 10% per week. For me that means a bit more patience - which is the part that I find to be very difficult.

dm said...

If you can do 10% a week, there are a lot of people on Wall Street that would love to meet you! LOL

Tr8erguy said...

DM

You seem to be very much a numbers guy, I like your way of thinking. Are you trading already?

DM said...

TG,

No, I leave that to you experts. My wife is looking to get started trading, and just doing a little research.

Tr8erguy said...

DM

Its lots of fun, especially when you do it as a group.

So let her jump in and get her feet wet

DM said...

Fun, sure. Now we just need to find some money to lose... LOL
Have you been following Tr8erGirl long? How have you been doing with it?

Tr8erguy said...

DM

I have been following her for some time now, I can tell you this much, I would give her my money to invest.

So go find some $ and let your wife have some fun