The automated trading did the heavy lifting today. One strategy is definitely rising above the others in my shotgun approach. I’m still trading much smaller in my automated trades, but over time I’ll be adding more and more size as I get more comfortable.
I’m still unsure as to whether my auto-trading will surpass my manual trades as far as income goes, but right now I’m quite optimistic on both fronts.
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I mentioned last week my automated trading approach - the ol’ throw a bunch of strategies at the wall and see what sticks. So far so good. Yesterday one of my strategies made about 5R, today it lost an R or two.
The manual trades have started off slowly this month but have picked up steam over the past couple days. No time to post charts.
Hope you guys had a great day!
By the way, there is a bunch of new StockTickr stuff coming out soon on many fronts. Exciting stuff! Stay tuned.
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For the next interview in the StockTickr Interview Series (RSS feed), I spoke with Jamie Hodge, the director of education at Trade-Ideas and an automated trader. He’s made the switch to almost completely automated trading these days. Jamie’s also the one you’ll be able to have a 1-on-1 training session with when you sign up for Trade-Ideas.
Read more about how Jamie trades, how he got started in the business, and how he lost a wad of money early in his trading career.
Jamie has agreed to answer questions in the comments of this post, so feel free to ask away.
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It seemed like there was a ton of candidates today but very few setups. I made 3 trades, 1 worked out (HOLX). I also felt like I made some headway on the automated trading front. I’ve been throwing a bunch of strategies at the wall and seeing which ones stick. There are a couple that seem to be rising to the top. We’ll see!
Also, it’s rare that I look at the daily chart of the Qs, but I happened to glance at it today. It’s looking pretty good - spitting distance from breakeven for the year it seems:
Here are my trades for the day.
Charts automatically generated by StockTickr
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