Today I shorted EMGE from $2.69 to $2.20 on 1000 shares and had another, tiny, trade. The big trade was me following a TimAlert trade alert from Timothy Sykes. I like to scalp those, and I was quite happy to buy 17,300 shares of today’s alert, RODM, at $5.724 and sell them 62 seconds later for $5.835 (net of commissions), making $1920. I have trained myself to respond quickly to alerts. So even though I was making hot chocolate when I got the alert, I was able to trade quickly after I flew from my kitchen to my computer like a bat out of hell. While I normally like to hold onto some shares of TimAlerts, I could not refuse the nice profit I had already accrued.
Daily profit: $2496.00
After I recorded the video I made the following trade that is reflected in my daily P&L:
+ SLD 1,800 RODM false Stock (NMS) 6.250 USD ARCA 15:56:47 9.00
+ BOT 1,800 RODM false Stock (NMS) 6.210 USD ISLAND 15:57:25 9.00
In after-hours trading I shorted SQNM for a lousy $20 profit:
+ SLD 500 SQNM false Stock (NMS) 3.000 USD ARCA 16:35:56 2.50
+ BOT 500 SQNM false Stock (NMS) 2.950 USD ARCA 16:37:46 2.50
Disclosure: No positions. I have a disclosure policy.
dude, i have no idea how you get the alerts faster than me. I was at my desk with my phone right next to me and you still got a better price than me.
little bit frustrating
I’ll tell you sometime … I gave you my secret order type, I can’t tell you everything. 😉
But my method for getting alerts faster does NOT involve Tim giving me any special treatment.
lol, was that an iceberg order you used on the sell today?
yes my default order in IB TWS is 10,000 shares, showing 2400. My order to close was sell 17,300 shares (showing 2,400) at 2.84
thought so, very cool, always wanted to try one of those.
do you default to the secret order type as well, or only add it on a case by case?
yeah I default to that too. It is a pain because 90% of the time I don’t want it. 🙂
yes, it caused some solid slippage in RODM for me today
Tweet! $SQNM could be wild as a short when it reopens. Bad news; http://bit.ly/2M2VWP
will reopen at 4:35pm EST
+$20 on SQNM
+ SLD 500 SQNM false Stock (NMS) 3.000 USD ARCA 16:35:56 2.50
+ BOT 500 SQNM false Stock (NMS) 2.950 USD ARCA 16:37:46 2.50
I added that to the daily p&l above
Pffft… I made 3,400 while putting cream cheese on a bagel.
http://biz.yahoo.com/e/090928/ftbk8-k.html
is FTBK a good short candidate after this news?
I almost never short based on news. So I don’t know.
It’s not really how you think the news is, it’s how everybody else in the trading world thinks it is. That’s the problem, trying to figure that out.
You win the decorative plastic duck! Excellent. Google Keyne’s beauty contest metaphor for the stock market.
thanks.
I covered my last shares today at $0.87 from $1.27
Made around $1200.00, not bad my small account 🙂
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