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My Journal - Trading Equities

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  #1 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
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Hello.

This will be my journal on daytrading the US Equity markets (NYSE and Nasdaq).

A Brief background.


I have been involved in daytrading equities for a number of years (6 years or so).
I have never traded "for a living" > by which I mean that it has never been my sole source of income. Over the years I have been mostly employed in the IT software sector, development, on-call support etc. The associated flexible working and 'working from home' in combination with UK base (so NYSE open is 14:30pm UK time) has allowed me to daytrade alongside a 'normal' job when there is no impact.

My Trading Style and its evolution.


My trading style has evolved over the years (and still is) : here is a brief synopsis.
Started as a 'gap trader' : i.e. trading stocks which had gapped and using technical charts to trade candle patterns. This was going well for a couple of years but then the larger smooth moves seemed to get harder and harder to grasp.

I slowly came to the conclusion that trading solely from candle patterns was not the whole story. I started looking into company fundamentals, earnings news etc.
I then looked into what else drives the price: the big players, the order-flow (tape reading). Along the way I became a member of tradingRaw and also more recently Jigsaw trading both of which help me with tape reading.

My current Trading Style.


I have taken bits of experience over the years from different sources and combined them into the way I trade currently:

I still use charts, but I no longer use candle patterns to trade. Instead I am more interested in areas of trading: i.e. the open price, prev days high/low, current days high/low.

I day-trade stocks which are in the 'news': typically this means company reported earnings.

I view how these stocks are behaving at my areas of interest.
I view how these stocks are behaving relative to the market in general.
I view the order flow on the stocks before placing a trade.

It is a discretionary method. so it's not like everything must be in sync to make a trade. E.g. Sometimes I take a trade just based on tape (e..g strong absorption) or the order-flow is just giving me a feeling that it is weak or strong. E.g. Sometimes I take a trade based on chart and relative strength of the stock.

Exits are also discretionary, but typically I look for 50c and 1 point exits. Sometimes I leave some on for a larger gain. Overall the 1 point moves and larger moves are what keep the P/L on right side as my win rate is in the region 55-60%.

Stops are typically based on the area of interest : So if for example I am taking a trade off the open price, then my stop would kick in if the price goes beyond the open against me. I don't always hold for the full stop, for example if the tape is indicating a big buyer or seller against me then I will look to get out earlier.

Instruments >> NYSE and Nasdaq Stocks
Broker >> Interactive Brokers
Chart Timeframe >> 1 min (just price and 20 ema)
Chart Software >> NinjaTrader with Kinetic datafeed
OrderFlow Software >> Jigsaw Tools (summary tape and recon tape)
Stock Selection >> use Briefing.com, FinViz, RTT news
Stock Filter >> Price between $15 and $100 > 10day avg volume > 750k > daily ATR over 50c > ignore large gappers (over 6-7%)

During the height of earnings season ; the stocks with news is huge. So you need some way of limiting what to watch. Typically I use the ones with best volume and also stocks which I have traded before and which gave decent smooth moves. Also I keep some stocks which are behaving opposite to the market.
Usually I try to aim for a watchlist of around 10 to 15 stocks.

I will endeavor to post on all days which I trade.

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  #3 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received


Stocks I watched today: CSX, LLTC, JPM, WFC

Traded JPM which was weak on the open and it had fallen below previous day's low.
It was failing to get above it's open price despite the market going up at the time. Also some heavy selling on the bid.


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  #4 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: TSM, LEN, FAST, FRC


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  #5 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: INTC, SLB, SCHW, CMA, PNC, STI


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  #6 (permalink)
 deaddog 
Legendary Market Wizard
Prince George BC Canada
 
Experience: Advanced
Platform: IBs TWS
Broker: IB
Trading: Stocks
 
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Any reason you decided to exit at 60 cents?

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #7 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received


deaddog View Post
Any reason you decided to exit at 60 cents?

Well I was putting in my order to exit at around 50c, which was also the previous day's high, so it seemed a resoable place to take partial profits. But the price drove up past that price before I submitted my order, so I just exited at market.
A better entry may have kept me in the trade for my other half position as that spike down got me out for breakeven on 2nd half.

Also I could have re-entered as the price remained above my previous entry once I was exited at breakeven. But adding to / new position on a stock which I have already traded is something I find quite difficult.

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  #8 (permalink)
 deaddog 
Legendary Market Wizard
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jitasb View Post
Well I was putting in my order to exit at around 50c, which was also the previous day's high, so it seemed a resoable place to take partial profits. But the price drove up past that price before I submitted my order, so I just exited at market.
A better entry may have kept me in the trade for my other half position as that spike down got me out for breakeven on 2nd half.

Also I could have re-entered as the price remained above my previous entry once I was exited at breakeven. But adding to / new position on a stock which I have already traded is something I find quite difficult.

Thanks.
I was curious because you had mentioned looking for 50 cents or a dollar.

Do you have a pre determined risk:reward that you look for? Are you willing to risk 50cents to make 50 cents?
Do you scale out if you have a losing trade?

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #9 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received


deaddog View Post
Thanks.
I was curious because you had mentioned looking for 50 cents or a dollar.

Do you have a pre determined risk:reward that you look for? Are you willing to risk 50cents to make 50 cents?
Do you scale out if you have a losing trade?

I don't have hard and fast rules on exits, but in general (as ball park) I am looking for 50c exit on partial and a $1 on partial.
If a 50c exit is past an important S/R level e.g prior day high for example, then I would exit before that (e.g. 40c or whatever). If my first exit would skew the R:R too much then I wouldn't take a trade. So risk 50c to make 50c is ok in my book, but risk 50c to make 20c : I wouldn't take a trade.
It also depends on the stock, so for example SLB is a big mover and I would look for more than $1 move if I had still been in it on 2nd partial.

Scale out on losing trade: yes I do sometimes if the tape is indicating strongly against me. E.G I am long and price is going against me > so say I am down 20c and my stop is 40c > then a big seller sits on the offer and absorbs all the buying. I would look to get out of some of my position. If the seller disappears then I can always get back in.

Thanks.

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  #10 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received


Watchlist: BHI, DAL, HAL, MS, SAP




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  #11 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ADTN, CREE, NTRS, AMTD, CA, USB





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  #12 (permalink)
 deaddog 
Legendary Market Wizard
Prince George BC Canada
 
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Must be pretty hectic watching 6 different stocks; do you have a multiple computer/monitor set up?

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #13 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received


deaddog View Post
Must be pretty hectic watching 6 different stocks; do you have a multiple computer/monitor set up?

Six stocks is actually a pretty small list. In the height of earnings season (like we are approaching now) I usually have around 20 stocks in my list. That's not to say I watch all 20 at the same time. But if you have a quote monitor then it is quite easy and quick to scroll down and check chart for each one. I usually narrow it down to 4 or 5 which I like the look of and concentrate on those.

Two monitors: One with broker list of stocks and order entry and jigsaw tape > 2nd monitor with stocks and charts.

Thanks.

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  #14 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CCI, DFS, EBAY, KMI, SNDK, URI, XLNX, BBT, JCI, LUV, VZ






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  #15 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CE, INFN, SBUX, GE, MCD, COL, SYF, STT, KLAC, MXIM, SWKS, BK

Missed some opportunities today due to lack of focus.


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  #16 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: DHI, STX, NSC, MWV, RKT

Nothing convincing enough for me to trade today.

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  #17 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CAT, TXN, PG, PFE, FCX, DHR, NVS, ITW, DD, AAL, BMY




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  #18 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ABC, ADT, EA, FSL, FTK, GNTX, HES, INFA, JNPR, YHOO, T, TXT








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  #19 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: POT, RCL, COH, CL, COP, BX, STLD, QCOM, VIAB, HOLX, CTXS, LVS, OXY, EMC




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  #20 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ABBV, HA, IR, LLY, MA, MAT, MTW, PCAR, TSN, SYNA, BRCM


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  #21 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: TEN, XOM, PBI, SYY

Missed the pullback trade in PBI. Nothing else convinced me to trade.

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  #22 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AET, AGCO, AN, APC, EMR, HCA, HIG, IDTI, MDU, OI, R, SC, SPR


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  #23 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ADP, AFL, CHRW, CTSH, DIS, EQR, IACI, MRK, MSI, MYGN, SNE, TTWO




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  #24 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ALL, DATA, EL, FBHS, FOXA, KORS, LNC, PM, PRU, SU, TDC, TEVA, UA, YUM




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  #25 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AAN, AON, ATVI, CME, DCT, EXPE, FLIR, GPRO, KIM, MCO, SWIR, SYMC, TWTR, UBNT, VRSN, YELP, YRCW






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  #26 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CCJ, D, DO, HAS, L, MAS, TE, SOHU

No Trades for me today.

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  #27 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ALSN, CCK, CSC, DF, HCP, HOT, KKR, KO, OMC, PCG, RAI, SAVE, SEE, TAP, WCN, WYN




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  #28 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Wasn't able to trade today due to parent's school visit.

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  #29 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AEM, APA, BG, BWA, CAB, CAKE, CTL, CVE, GNC, FEYE, JAH, K, MPEL, NTAP, NVDA, OII, PPC, SCSS, TRIP, TSO, WFM, WWAV


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  #30 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AIG, CBS, CGNX, CPN, CYBR, DLR, DTE, DVA, EGN, KN, LBTYA, KRFT, QLIK, RSG, SFLY, VFC






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  #31 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: A, ADI, DVN, FE, FLR, FLS, GRMN, JACK, MDCO, NI, RAX, TEX, VA, DUK, FOSL



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  #32 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ARRS, AXLL, BLMN, CAR, EOG, ETP, GG, MRO, NBL, SCTY, TS, WMB, WMT


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  #33 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ANET, COG, COMM, DE, FRGI, HCN, INTU, IRM, JWN, NDLS, NEWM, TRUE



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  #34 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AER, AXL, AWI, CTB, DISH, DNOW

No Trades Today.

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  #35 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ALKS, AMT, BMO, CLDX, DEPO, EXPD, ESRX, M, OHI, ROSE, THC, TXRH, VAL


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  #36 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CRI, CRM, CTRX, DDD, ESV, GPOR, KSS, LKQ, MBLY, RGR, SEAS, SFM, TASR, WLL, WNR


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  #37 (permalink)
 deaddog 
Legendary Market Wizard
Prince George BC Canada
 
Experience: Advanced
Platform: IBs TWS
Broker: IB
Trading: Stocks
 
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jitasb View Post
Watchlist: CRI, CRM, CTRX, DDD, ESV, GPOR, KSS, LKQ, MBLY, RGR, SEAS, SFM, TASR, WLL, WNR

Attachment 176263

Not sure if you want or need any discussion on your thread.

Why was your exit at 30 cents?

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #38 (permalink)
 jitasb 
London, England
 
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deaddog View Post
Not sure if you want or need any discussion on your thread.

Why was your exit at 30 cents?

Comments welcome.
Exited as it fell below the open.

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  #39 (permalink)
 ratfink 
Birmingham UK
 
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jitasb View Post
Comments welcome.
Exited as it fell below the open.

It was a good enough reason.

I would say counter reasons for an entry rather than an exit are that it <looks like> a 3-3-5 corrective flat back on to a half-way back from the previous day's close, and the duration of the correction looks decent to correct the sharp lift. It would be nice to see the volume bars for any evidence of testing, flushing or capitulation.

Travel Well
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  #40 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ADSK, ARUN, BCEI, DGI, GPS, HLF, HZNP, ISIS, NRF, SPLK, SWN

Nothing convincing enough for me to trade today.

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  #41 (permalink)
 deaddog 
Legendary Market Wizard
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jitasb View Post

Nothing convincing enough for me to trade today.

What do you need to convince you to trade?

Looking at your watch list in hindsight, the easiest way to trade, I see several opportunities to take a dollar out of the swings the stocks made.

I know that trading on the right hand side of the chart is much tougher. I wonder what you are looking for and if monitoring that big a watch list on a one minute chart is problematic?

One other thing I noticed is that 4 of the stocks on your watch list have an ATR of less than the $1.00 target you aim for.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #42 (permalink)
 jitasb 
London, England
 
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Trading: Stocks
 
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deaddog View Post
What do you need to convince you to trade?

Looking at your watch list in hindsight, the easiest way to trade, I see several opportunities to take a dollar out of the swings the stocks made.

I know that trading on the right hand side of the chart is much tougher. I wonder what you are looking for and if monitoring that big a watch list on a one minute chart is problematic?

One other thing I noticed is that 4 of the stocks on your watch list have an ATR of less than the $1.00 target you aim for.

I am mostly looking for one way directional moves from the open. So ideally moves which have taken price beyond the open and past the previous day close. Although I occasionally trade gap fades it is not something I am entirely comfortable with. Also don't like to chase if a stock has already moved like 6-7%. It depends on if I see anything on the tape, how it is behaving relative to market etc.

ADSK > was borderline as it was approaching +7% when it pulled back. However it can move 2 or 3 points from open in earnings, so in hindsight maybe too much hesitation.
ARUN > was chopping around the open pivot > disregarded
BCEI > this was decent, but tape was showing selling absorption in the 20.20s. Didn't stick with it, otherwise I could have entered when the level broke.
DGI > straight up from open > no pullbacks of any note until 32.50 level > left it alone as it was over 2.5 pts by that time
GPS > chopping around the open pivot > left it
HLF > fake down > then fake up as it moved back down negative > left it alone
HZNP > judged it had move too much before pullback
ISIS > moves too big > would have required big stop
NRG, SPLK > gap fade > left it
SWN > Failed to hold open then bouncing around the prev day close > left it alone

With regards to ATR , I typically include stocks which have moved decent amounts in previous earnings. So I don't have a hard and fast rule on ATR.

Thanks for input.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Was unable to trade today due to long weekend away.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: BBY, DKS, JD, KATE, MYL, TPH, NAV


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AMBA, ERJ, HRB, TNET, VEEV

No Trades today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: BTE, BITA, CIEN, CNQ, CSIQ, JOY, KR, SMTC


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: BIG, FL, FNSR, SPLS, TFM, WX, YY


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist; BKS, QIHU, UNFI, URBN, VNET

No Trades today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Was unable to trade today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: DG, KKD, MW, PLCE, SHAK

No Trades.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ANN, CTRN, EBIX, HIBB, LOCO, ZUMZ

No Trades.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: QUNR, BURL, DSW, ZBRA


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ADBE, ORCL, GIS

No Trades.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CTAS, GES, JBL, JUNO, LEN, SLW, WSM


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CTRP, DRI, KBH, TIF, YOKU

No Trades.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: HDS, MKC

No Trades.

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  #57 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: APOL, FRAN, PAYX, SONC


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Wasn't able to trade today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CCL, FINL, GME, RH


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CONN, MOV, CLDN

No Trades.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: KMX, MU

No Trades.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: PLAY, GPN, RPM

No Trades.

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  #63 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: APOG, BBBY, WBA


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

No trading today.

Earnings season kicking off though, so should see some reasonable trading content over the next 4 weeks or so.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: OZRK, PSG, FAST, JBHT, JNJ, JPM, WFC


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CSX, DAL, LLTC, PGR, PNC, USB


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: BX, FCS, KMI, PBCT, PM, SNDK, TSM

No Trades.

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  #68 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AXP, CMA, MAT, NOW, RAI, SLB, STX


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Wasn't able to trade today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AMTD, DD, EAT, ITW, LRCX, PCAR, UA, VZ

Had a trade possibility in UA, but it moved too quickly after pullback and I didn't want to chase.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ADTN, BK, BRCM, CREE, DFS, DHI, KO, MCD, OC, SMCI, VMW, YHOO


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: BAX, CAKE, CAT, DHR, EBAY, GM, LLY, LUV, LVS, MO, QCOM, TXN, UAL, XLNX


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AAL, ALGN, COF, COG, DTE, HA, INFY, JNPR, MXIM, NEM, P, QLIK, SBUX, SWN


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Internet issues over past couple of days.
Very frustrating..but hopefully back to normal service tomorrow.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ADT, AFL, AKAM, ESRX, HOT, LL, SAVE, SLCA, WM, X


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Note: Due to various other money commitments (house improvements etc) and moving money around, my Account size with IB is not at high level at the moment. So I am trading relatively low volumes of shares to keep my risk profile fairly low.
Consequently, for the time being, on most days I will be trading just few hundreds of shares and not thousands.

I will post charts and also an end of day summary from IB platform for trades taken on each day.

Watchlist: AMT, ARRS, ATW, BWA, CL, GG, LNC, MTW, NXPI, O, SNE, TEVA, TEX, VA










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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Closed early today as it is a 3 day weekend in UK (Monday is public holiday) and going away for a break. Hence the reason why the AIG trade was closed before any stops or limits were hit.

Watchlist: AEM, AIG, EMN, FBHS, FEYE, FLR, FLS, FSLR, SGEN, SWKS, VFC






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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: APC, BLMW, CAR, CGNX, EL, EMR, EOG, IDTI, NSM, THC








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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ALL, CTL, DDD, EA, FISV, FOSL, HFC, HLF, NFX, SCTY, VOYA, MYL








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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ALB, ATVI, BABA, CSIQ, FOXA, GMCR, MGA, MRO, PRU, SUNE, TDC, WFM








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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AOL, BKD, CA, CBS, CYBR, ED, JD, MCHP, NUAN, SFM




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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AER, BID, DF, DISH, ENDP, W






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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ACM, DEPO, MTZ, RAX, XON, YY

No Trades.


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ARMK, HDP, IGT, M, PE, Z




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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CTRP, KSS, QUNR, SHAK, VIPS

No Trades today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Didn't trade today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: A, DKS, MOMO, TJX, TTWO, URBN, WBAI, WMT




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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ADI, ADSK, AEO, CSC, KEYS, LOW, TGT




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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: BBY, CRM, DLTR, JMEI, LB, NTAP, WSM,YOKU

Couldn't get Ninjatrader running today due to some loading error. Tried using IB charts, but they were freezing a bit. So closed down positions and called it.


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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

No Trades today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CHS, DSW, KORS, NMBL, TIF, TOL, VNET, WDAY








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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: ANF, EXPR, JKS, RY, SAFM, SMTC




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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: BIG, BLOX, DECK, GME, SPLK

No Trades today.

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Total Trades = 24
Winning Trades = 13 (54%)
Losing Trades = 11 (46%)

Net P/L = + $782

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: CONN, DG, MDT, QUNR




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 theprophe 
prague,czech republic
 
Experience: Intermediate
Platform: Irt,bookmap
Broker: Edgeclear
Trading: Mes
 
Posts: 41 since Nov 2010
Thanks: 47 given, 37 received

How do you use jigsaw with trading equities, I've never seen anyone do it before, thanks

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 jitasb 
London, England
 
Experience: Intermediate
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Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received


theprophe View Post
How do you use jigsaw with trading equities, I've never seen anyone do it before, thanks



On top is the IB quote window
Below the IB on right hand side is jigsaw Summary tape > I watch this to gauge volume of trades going off at bid and offer.
Below the IB on left hand side is jigsaw recon tape > shows individual reconstructed trades.

Things I watch:
- pace of the tape
- excessive size on bid or ask and price keeps returning to it
- absorption e.g lot of volume of selling at the bid, but price holds the level
- how does bid and ask price change with the latest traded price

Sometimes it shows something and sometimes it doesn't (or I'm not good enough to read it it yet).
I use Charts to provide the context i.e where is price in relation to previous days levels and in relation to the open.
So I try to get more focussed on the tape when the price is approaching 'key levels'.

Thanks

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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
Thanks: 22 given, 226 received

Watchlist: AMBA, GES, GIII, GWRE, VRA

No Trades.

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  #99 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
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 jitasb 
London, England
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB, Kinetic
Trading: Stocks
 
Posts: 513 since Oct 2010
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