Trap Updates

Great week for traps, mostly on the short side. 7 winners, 1 loser, and 1 break even trade. With the biggest winner 2x the biggest loser. I’ve continued to utilize the VWAP in the morning to enter prices but actively managing the limit price. Additionally I’ve noticed (but not actually tested yet!) that most stocks make the relative high/low by 10:30 am. Therefore I try to find a pivot at that point to use a stop loss reference and position size reference; I only try to lose $X dollars per ticker. If the stock tanks right off the open print I’ll try to sell/cover on what I consider a good point (unfortunately from my records I have left lots of money on the table this way so I will try to create a solution)


~ by largecaptrader on March 20, 2010.

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