Tuesday, May 29, 2007

May 29 Trade Summary $706

Could only trade the first 4 hours. I'm not sure if it was the market or me today, but I did really bad. I did some major churning today, mainly during the first 2 hours. I did 132 round turns trading ER2; that's about $600 just in commissions. Looks like Oil and Financials are weak and tech's are relatively strong today. I was looking at a new trading technique today, and I think that may have affected my trading. Also, there seemed to bearish divergence between the A/D lines of the exchanges and the price of the indices until the market turned at 8:30am.

P/L= $706

It looks like IB made an error on my trade summary log today, I only did 132 round turns, which makes since according to the gross and net P/L.


Derek on 2:28 PM said...

HP -

your comms fees for the day looks pretty good if it was only $600 for 264 R/T. since you still finished green it's academic at this point, but i figured it would be at least $1,000. sounds like you got a great rate. kudos ;-)

take care -


Anonymous said...

not sure how you only paid that much when IB charges 2x higher to me. looks like ive been getting ripped off on commissions. lol.

HPT on 3:45 PM said...

My gross P/L was like $1,300, so I will check again later what my commission is, I believe it is $2.40 per side

Derek on 4:38 PM said...

yeah, at $2.40/side (i.e. $4.80/rt) that would be about $1267 in coms.


but hey, if IB is hooking you up, let 'em! :-D

again, if you finished up $700 then this is all moot.

also, with the 264 rt, was that mostly in 5-10 lot trades? if so, does that mean you had 25-50 trades / setups over the four hours? or were many of them scalp trades?

take care -


HPT on 5:50 PM said...
This comment has been removed by the author.
HPT on 9:00 PM said...

I re-logged in tonight and IB had changed my trade summary to 132 cards traded, which makes sense. Apparently there was an error on IB's part.

Anonymous said...

Great site. I am just starting a similar trading set up with IB.
Actually, looking at Friday I was worried... your summary screen you should have grossed about $6400, but you netted $3200. Commissions should only have been about $280. Did you lose the rest to cancel/modify charges? IB claims they charge $1.20 to change an order - e.g. your stops. Something to check (and let us know about): Are you losing a lot to modify charges? Should _I_ worry about it?

HPT on 11:21 PM said...

Hey anonymous, apparently IB is doubling my trade summary contracts traded until the market is closed, I did half the volume on friday as what my trade summary says. Same thing happened today. IB doesn't charge me when cancelling orders, nothing to worry about.

Anonymous said...

Are the p/l you list after commissions?

HPT on 5:59 AM said...


Anonymous said...

Very nice, you're doing great.

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