End of Day Journal (3-9-2010)

Comments:

Finally - some action. 4 potentials popped up on the screener this morning. VECO was looking good so I bought in quite a bit earlier than I normally do. I set the sell high with the intention of selling tomorrow within strategy and managed to pretty much hit the high for the day! $1000 gross gain, and only a $2.87 commission from IB!!. Now to keep from getting carried away with this - this was an outlier.

I bought in on AIPC end of day, trying to get 1000 shares. Rather than chase the price, I canceled the outstanding. I also tried to get back in on VECO but hesitated when the margin calculations did not make sense, and missed it.

The past week has been an exercise in discipline, and I am encouraged. The fact that I avoided trading when out of my strategy - when the conditions were not favorable - shows me that I may be maturing as a trader. Head games.

I spent a lot of time over the weekend on NinjaTrader. The more I use it, the more I like it. At this point I have not been able to get the multi-time series strategy to work out, but I think NT 7 has expanded on this quite a bit. For now I am using it to test out various intra-day strategies. The backtesting, backtesting reports and - the optimization - beat Strategy Desk's package hands down. But... I can perform the multi-time series strategy on SD that I can't on NT.