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7thdim

7th Dim. ANN Weekly Market Analysis & PaperTrading

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Short AMAT

ENTRY: 16.69

SL: 17.09

PT:16.03

 

Short AQNT

ENTRY: 15.54

SL: 16.19

PT: 15.07

 

Short BMC

ENTRY: 17.25

SL: 17.55

PT: 16.85

 

Short FDRY

ENTRY: 9.27

SL: 9.51

PT: 8.95

 

Short GLW

ENTRY: 16.00

SL: 16.85

PT: 14.85

 

Short TWX

ENTRY: 17.19

SL: 17.65

PT: 16.03

 

Short VCLK

ENTRY: 10.32

SL: 10.61

PT: 9.08

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Holding positions & Total Realized PNL (New format)

 

Holding positons:

 

Short AMAT

ENTRY: 16.69

SL: 17.09

PT:16.03

 

Short AQNT

ENTRY: 15.54

SL: 16.19

PT: 15.07

 

Short BMC

ENTRY: 17.25

SL: 17.55

PT: 16.85

 

Short FDRY

ENTRY: 9.27

SL: 9.85

PT: 8.95

 

Short TWX

ENTRY: 17.19

SL: 17.65

PT: 16.03

 

Short VCLK

ENTRY: 10.32

SL: 10.61

PT: 9.08

 

============

 

Closed positions

 

Short GLW

ENTRY: 16.00

COVERED : 15.71

Realized PNL : 0.29 (per share)

 

Short AMSG

ENTRY: 28.07

Closed by stop loss at 28.65

Realized PNL : -0.58 (per share)

 

Short ALE

ENTRY: 48.71

Closed by stop loss at 49.55

Realized PNL : -0.84 (per share)

 

Short AIG

ENTRY: 54.71

Closed by stop loss at 55.38

Realized PNL : -0.67 (per share)

 

Total Realized PNL : -1.8 (per share)

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New positions:

 

Short ATMI

ENTRY: 28.04

SL: 29.15

PT: 26.85

 

Short WFR

ENTRY: 13.94

SL: 14.85

PT: 12.73

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Last closed :

Short AQNT

Entry: 15.54

Covered: 15.29

Realized PNL : 0.25 (per share)

 

Old Total Realized PNL : -1.8 (per share)

New Total Realized PNL : -1.55 (per share)

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So far as I know. In the US your average plonker can not short sub $5 (non-marginable?) stocks. I would be interested to hear anyone else's voice on this.

I met a guy,an ex math teacher who does nothing but write covered Calls on tons and tons of Shit stocks--and makes a ton of money--he almost sounds like a Vegas Croupier raking money on a weekly basis--I only met him once through my brother---I asked him to teach me but all I got was a borrowed CD which I never returned

 

beardrech :ph34r: :ph34r: Is this the inverse of a shitstock short ,only broker eligible???

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Following position were closed by automatically

 

Short AMAT

ENTRY: 16.69

SL: 17.09 *** Closed by stop loss ***

PT:16.03

Realized PNL : -0.4 (per share)

 

Short BMC

ENTRY: 17.25

SL: 17.55

PT: 16.85 *** Target achieved ***

Realized PNL : 0.4 (per share)

 

Short WFR

ENTRY: 13.94

SL: 14.85 *** Closed by stop loss ***

PT: 12.73

Realized PNL : -0.91 (per share)

 

Old Total Realized PNL : -1.55 (per share)

New Total Realized PNL : -2.46 (per share)

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7th Dim. ANN Analysis Results June 10,2005

 

ILA Buy 3.35~45 is good for long. Short term trade.

REV Sell 2.90 Good downtrend begins. Good for shorting above 2.90~99.

CKR Sell 15.23 --- Good for shorting around 15.50~60

CPD Buy around 7.30~40.

DAVE Buy 10.35~10.50 *** Reliable ***

NAK Buy around 3.55~65 Long Term

AACE Buy (22.04) Long around 21.90~22.00

AMM Buy (1.84) Long around 1.75~85

AVN Buy (2.54) Long around 2.45~48 good trade

BCSI Sell 24.50~70

BHH Buy 2.17~2.27

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I don't understand how one can talk about a short/long system whitout even integrating a minimum of fees and slippage. In the real world, do you really buy 7,000 of Newmont Mining like that without cost and at the price of your signal??? 7,000*36, we are talking about a quarter of million of USD: no fees? Guess if your fees are just 0.5% on entry and exit, half of the profits of the Newmont trade mentionned above disappears...

 

Just my 2 cents... papertrade is nice even though your remove the toughest part = emotions, but at least use real trading costs and check the feasibility of your trade size

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I don't understand how one can talk about a short/long system whitout even integrating a minimum of fees and slippage. In the real world, do you really buy 7,000 of Newmont Mining like that without cost and at the price of your signal??? 7,000*36, we are talking about a quarter of million of USD: no fees? Guess if your fees are just 0.5% on entry and exit, half of the profits of the Newmont trade mentionned above disappears...

 

Just my 2 cents... papertrade is nice even though your remove the toughest part = emotions, but at least use real trading costs and check the feasibility of your trade size

 

I always incorporate slippage in my models but 0.5% fees? You need a new broker. I pay $10.99 a trade plus exchange fees. This would amount to less than 0.01% on the trade example mentioned above. Depending on the volume traded, price and spread I usually use a slippage of 5 cents or more.

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Thanks Thor for that feedback. To be honest 0.5 to 1% is the kind of fees you could expect to trade on foreign market (I mean mostly North American) from France. My broker is not a discount broker and I get 0.45% on french stocks... it is a big drawback if you day trade, which is not my case. But I can get stocks from anywhere in the world if I want for 1%...

 

According to you, if 5 cents is a common slippage, the trade above should at least experienced a 0.2% charge (I gave you the $10.99 free...), in other words $500... At least this should be incorporated in the system.

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