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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (7590)5/24/2000 5:45:00 PM
From: xcr600  Read Replies (1) | Respond to of 39683
 
fwiw, jumped back into DIGL early today. MASH was covering some large blocks and wouldn't let it get off of 49 5/8. Sooner or later he'd be done.. and then off it went. That is one benefit of checking more often. Of course that also leads to more emotions entering in the trades (I chipped out of BVSN three times today before holding.. I am so embarrassed.) Will swing the shares I have now on the 5/8 method.

what a crazy market.

NTAP today was unreal.



To: Dr. Stoxx who wrote (7590)5/25/2000 2:14:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
DIGL UPDATE:

200 shares traded on a $5800 margin account

Opening buy-and-hold price on 4/3/2000: 57.75

Note: trades 1-12 are backtested (papertrades)

1. Short: 57.75 to 57.125 = $105
2. Long: 57.125 to 64 = $1355
3. Short: 64 to 66.25 = ($470)
4. Long: 66.25 to 68 = $330
5. Short: 68 to 36.5 = $6280...a monster trade!
6. Long: 36.5 to 32 = ($920)
7. Short: 32 to 36.75 = ($970)
8. Long: 36.75 to 54.5 = $3530
9. Short: 54.5 to 44.125 = $2055
10. Long: 44.125 to 68.75 = $4905
11. Short: 68.75 to 61 = $1530
12. Long: 61 to 65.25 = $830

Note: the following trades were made with real money ($6550 margined)

13. Short: 65.25 to 57.88 = $1454
14. Long: 57.75 to 61.75 $780
15. Short: 61.625 to 61.25 $55
16. Long: 61.3125 to 62.75 $268
17. Short: 62.5 to 63.5 ($220)
18. Long: 63.5 to 66.75 $630
19. Short: 66.5 to 55.625 $2155
20. Long: 55.625 to 56.25 $105
21. Short: 56.125 to 50.88 $1029
22. Long: 51 to 52 $180
23. Short: 51.75 to...

Total profit = $24,996 (433% in 6 weeks!)
Actual cash profit = $6436 (98% in less than 1 month!)

Buy and hold: 22% loss