Wednesday, April 2, 2008

Introduction

I am a financial software developer studying to become a trader. I decided to publish all my paper trades for anyone interested to exchange ideas and comments on trading the markets.
I am using SSO since it provides faster 2 x correlation to the SPY ETF. SSO provides very good liquidity.

I do analyze volume and place directional trades. I am basing the trades on 10,000 shares, about $700,000 exposure on each trade. It is equal to exposing yourself to multiple equities anyway. I am setting stops at about 10-15c from entry price.
I will try to post all trades and Pnl accordingly.

Do not hesitate to place questions/exchange ideas via the comments.
Here is my starting chart: