AD: applause, and some questions:
I just listed all your trades today, with the time and the prices. I did this, because I'm always interested in learning something new, and because I'd always believed that you can't make money day-trading. It's like, if someone flips a coin, and calls it right, I'm not impressed. 4 times in a row calling it right, I start to pay attention. 13 times in a row correct.......I'm impressed, and begin to question my assumptions.
1. It looks to me, like most of your trades happened at the moment just after a change in direction on the stock chart. If it was going up, you waited until it had started to go down, and shorted (or sold a long position). Is that right?
2. Until noon, you had mostly short plays. After that, all long. What made you change your mind then? I ask, because the market was down, and I'd have expected AMAT to follow any strong clear market direction.
3. Your commissions are a trivial part of your cost, but only because your trading 3000 shares at a time.
4. Your holding period seemed to be about 10 minutes, for most trades. Is that a habit, or just today?
5. You seem relaxed enough to constantly judge yourself, and quickly change your mind when something tells you you're wrong. That is, you expect to be wrong a not-small fraction of the time.
6. when did you have lunch? (or was it catered?) |
