Archive for September, 2007
29 stocks closed at all-time lows
Friday, September 28th, 2007“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | |
| BE | 4.05 | 4691200 | 2869740 | %63.47 | |
| NGEN | 0.73 | 1846134 | 638368 | %189.19 | |
| XJT | 3.09 | 1577500 | 1117530 | %41.15 | |
| PANC | 1.6 | 833240 | 533739 | %56.11 | |
| HGG | 10.5 | 713100 | 172862 | %312.52 |
– Click here for today’s full list –
175 stocks closed at all-time highs
Friday, September 28th, 2007“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| TXU | 68.47 | 8843780 | 7251360 | %21.96 | |
| GLD | 73.51 | 8837600 | 6808530 | %29.80 | |
| CVS | 39.63 | 8724586 | 11579200 | %-24.65 | |
| PEP | 73.26 | 6706500 | 6649060 | %0.86 | |
| ABB | 26.23 | 6535800 | 3124870 | %109.15 |
– Click here for today’s full list –
Aug-Sept 2007 Trading Results, or The Effects of 1:20 Leverage
Friday, September 28th, 2007Below is a chart of my trading results for August and September as a percentage of the amount of money I have in my prop trading account.
As you can see, the first part of August was a little choppy (the first 100 trades). At one point I was down over 15%. But the month ended well and September started great. There was a nice run of about 70% in 30 trades.
Overall I made 105% after commission. The great thing about this is that I’ve taken the 100%+ out of my account and so even if I lose everything, I will still be up on the year. Even if I load up and go long a stock 2000% and it halts and opens at $0, I will still be up for the year.
This is one reason why I think it can make a lot of sense to use a prop firm. A lot of day traders got stuck in HAR this month when it was halted mid-day. Even though day traders don’t hold overnight, and although it is rare, there is still a chance of a large gap against you - which could completely wipe you out.
One way to manage the risk of this is to never take a large enough position so that even if this happened, it wouldn’t kill you. Another way is to put as much as you are willing to lose into a prop account and let them risk the rest.
Managing your risk with 1:20 leverage is the same as managing your risk with 1:4 leverage, or even no leverage - just limit your loss per trade to what you can handle. Some people might think that if you do this, you would never use all of the leverage. If that is true then you have no use for 1:20 leverage. But if you can find a way to take advantage of the extra leverage, without adding much risk, it can really be profitable.
That’s the key, right? Increasing profit without adding much risk.
Ali G and the Ice Cream Glove
Friday, September 28th, 2007links for 2007-09-28
Friday, September 28th, 200735 stocks closed at all-time lows
Thursday, September 27th, 2007“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | |
| BE | 4.09 | 6001200 | 2793050 | %114.86 | |
| PANC | 1.7 | 1492937 | 524845 | %184.45 | |
| XJT | 3.13 | 1177600 | 1093620 | %7.67 | |
| RUTH | 14.44 | 690465 | 471299 | %46.50 | |
| NGEN | 0.82 | 622324 | 626107 | %-0.60 |
– Click here for today’s full list –
282 stocks closed at all-time highs
Thursday, September 27th, 2007“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil
| Symbol | Price | Volume | Avg. Volume | % Vol. Increase | High Alpha |
| AAPL | 154.5 | 23427980 | 40907000 | %-42.72 | |
| JRJC | 35.3301 | 17082772 | 213900 | %7886.33 | * |
| RIMM | 99.86 | 13600633 | 21618400 | %-37.08 | * |
| EWZ | 74.58 | 10980116 | 14772800 | %-25.67 | |
| EEM | 150.4 | 10923879 | 16454900 | %-33.61 |
– Click here for today’s full list –
links for 2007-09-27
Thursday, September 27th, 2007
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This work will go down as one of the most important developments in the history of science
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McAfee CEO David DeWalt says cybercrime has become a $105 billion business that now surpasses the value of the illegal drug trade worldwide.
The sound of Ohio, and Broken Flowers (2005)
Thursday, September 27th, 2007
Often we become so used to things that we don’t even notice them. I’m visiting my hometown in Ohio now and even though I am sure I heard this sound every day growing up, I never really consciously remember thinking about it. It was just there in the background, forming the shape of Home in my subconscious.
On this visit, though, I have been consciously recognizing the sound and listening to it each time - surprised at how often I hear it. I have been doing this because I watched Jim Jarmusch’s Broken Flowers and I remember hearing this sound in a scene at the end and consciously recognizing it as a familiar sound. Coincidentally, Jim Jarmusch is also from Akron, Ohio.
This is about as close to the sound I am talking about that I could find on the internet. To do it justice, turn the volume down pretty low, so it sounds far in the distance.
