"An expert is a man who has made all the mistakes which can be made, in a narrow field."

- Niels Henrik David Bohr

Wednesday, February 17, 2010

End of day journal (2-16-2010)

 

  

Comments:

Slow day for my strategy today. WSII was due for an immediate sale, but with the strong market open, I thought I would hang on for a bit. Not much came thru the screener today - everything was relatively low volumes, but I thought SORL looked promising.

Spent a large portion of the day setting up an account with IB, it looks like this is going to save me a lot on commissions. For now I plan on keeping the IRA account with TD, which will allow me to access all of the tools that I have been using. I have not been able to convert the strategy over to the NT platform yet, but I am learning a lot.

Sticking with the strategy. I didn't even look at what the rest of the market was doing. If I can pull this off for 3 consecutive months, and show a profit, then I may start some simulated intra-day trading. I think the three months will give me some indication of what I can expect income wise using this strategy. I don't think it will allow for much scaling.

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