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Summary of Monday's Trading:
It was definitely a forgetable day in more ways than one!
A losing day for sure.
Loss for the Day: $640.00
I hope to recover some, if not all those losses today...
Profitable Trading to All,
contax
Close @ $29.54
Losing Trade
Loss= 34¢ + 2¢ (Commission)= 36¢*1000 shares= $360.00
Cover @ $29.86
Edit:
Losing Trade.
Loss= 26¢ + 2¢ (Commission)= 28¢*1000 shares= $280.00
Short @ $29.60
P.S., Now that there seems to be signs of recovery in the markets, I will start to trade on the short side also...
>>What was the total # of trades made. In the frist session.
And who is your broker.<<
Dreamer,
If by "first session" you mean in the first week, then the answer is around 20 trades.
As to your question regarding my broker, I use CyberTrader and Brown & Co. and am interested in the following:
http://www.wyse-sec.com/
http://www.rjt.com/fees.html
If anyone has any first hand info about them, please let me know...
contax
>>What is the symble for this board??<<
Bedfordboy,
When I started this thread, I tried for the QQQ symbol, but that symbol is already taken. Therefore, for now at least, there is no symbol for this board.
contax
Hi Contax:
What was the total # of trades made. In the frist session.
And who is your broker.
Dreamer
Summary for the "First Week"
Since I introduced FortuneQ™ on the week of September 10th, and that week was cut short due to the terrorist attacks, and because I did not post any trades one day of this week, I have decided to combine the two weeks worth of trading into one complete week.
Also, since this thread was created to test FortuneQ™ as a viable trading system for trading QQQ both for long and short trades, I think it is only fair that any evaluation of FortuneQ™ be based on all it's signals. I am therefore going to present it's first week's performance as a trading system by including the results of all it's signals, both long and short.
Day 1, Loss of $10.00
Day 2, Gain of $60.00
Day 3, Gain of $1380.00
Day 4, Loss of $370.00
Day 5, Loss of $300.00
Final Weekly Total: $760.00 Profit Net
In spite of a miserable week on Wall Street, FortuneQ™ on it's debut, turned in a profit!
Profitable Trading to All!
contax
P.S., In my previous post, I meant Wednesday and not Thursday, when the NAZ was able to sustain a move for a reasonable amount of points.
Friday's Trading Summary:
Another Losing day!
I lost a total of $120.00
Had I traded the "Short Sell" it would still have been a losing day!
Obviously, FortuneQ™ is having a tough time in the present market enviornment. When I designed the system, the Nasdaq market would tend to move in the direction of the signal for a number of points before changing direction. But this past week it has been unable to do so. When the Nasdaq was able to sustain a move for a significant period, like it did on Thursday, FortuneQ™ was able to deliver on it's promise.
We shall see what the market has in store for us next week...
Profitable Trading to All,
contax
Close @ $28.18
Edit:
Losing Trade
Loss= 7¢ + 2¢ (Commission)= 9¢*1000 shares= $90.00
Close @ $28.18
Hi Contax
What is the symble for this board??
Thanks
BB
Cover "Short Sell" @ $28.08
Edit:
Losing "Trade"
Loss= 8¢ + 2¢ (Commission)= 10¢*1000 shares= $100.00
Close @ $28.15
Edit:
Losing "Trade"
Loss= 2¢ + 2¢ (Commission)= 4¢*1000 shares= $40.00
Close @ $28.43
Edit:
Winning "Trade"
Profit= 11¢ - 2¢ (Commission)= 9¢*1000 shares= $90.00
Cover "Short Sell" @ $28.28
Edit:
Losing "Trade"
Potential Loss from "Short Sell" Signal= 6¢ + 2¢ (Commission)= 8¢*1000 shares= $80.00
Close @ $28.05
Edit:
Losing Trade.
Loss = 16¢ + 2¢ = 18¢*1000= $180.00
Close @ $28.12
EDIT:
Winning Trade.
Profit= 12¢ - 2¢ (Commissions)= 10¢*1000= $100.00
>>Tough times to start this experiement<<
Boy, you ain't kidding!
At least no one can accuse me of possessing an impeccable sense of timing! ;)
Thanx for stopping by, bosqueboy, and do stay in touch...
contax
Today's Summary:
Another Losing Day!
I lost $640.00. All the losses were on the three "long" trades. Had I traded on the "short" side, my losses would have been $370.00
It is just about impossible to make any money in this market on the "long" side!?! FortuneQ™ gives very good "long" signals which are money makers, but then the market does an about face due to the intense selling pressure and a winning trade ends up a loser.
Well, tomorrow is another day...
Profitable Trading to All,
contax
Tough times to start this experiement contax. I'm very interested in your results. Good luck and keep with it.
Close @ $29.30
Edit:
Losing Trade.
Loss = 23¢ + 2¢ (Commissions) = 25¢*1000= $250.00
This was absolutely a brutal war between the bulls and bears!
Cover "Short Sell" @ $29.33
Edit:
Winning "Trade"
Potential Gain from "Short Sell" Signal= 8¢ - 2¢ (Commission)= 6¢*1000 shares= $60.00
Close @ $29.40
Edit:
Losing Trade
Loss= 15¢ + 2¢ (Commission)= 17¢*1000 shares= $170.00
Boy, it sure is tough making money on the long side!
Cover "Potential Short" @ 29.32
Edit:
Winning "Trade"
Potential Gain from "Short Sell" Signal= 23¢ - 2¢ (Commission)= 21¢*1000 shares= $210.00
P.S. Will be back in about 20 minutes...
Close @ $29.55
Edit:
Losing Trade.
Loss = 20¢ + 2¢ (commissions) = 22¢*1000= $220.00
Todays Trading Summary:
A good day for FortuneQ™.
The system's "long" signals yielded a net profit of $720.00.
Had I also traded the "short" signals, the total profits would have been $1380.00
Profitable Trading to All,
contax
Last Trade:
Winning Trade.
Gain= 80¢ - 2¢ (Commission)= 78¢*1000 shares= $780.00
Close @ $30.10
Cover Potential Short @ $28.53
Edit:
Winning "Trade"
Potential Gain from "Short Sell" Signal= 43¢ - 2¢ (Commission)= 41¢*1000 shares= $410.00
Cover Potential Short @ $29.03
Edit:
Winning "Trade"
Potential Gain from "Short Sell" Signal= 27¢ - 2¢ (Commission)= 25¢*1000 shares= $250.00
Close @ $29.40
EDIT:
Losing Trade.
Loss= 4¢ + 2¢ (Commission)= 6¢*1000 shares= $60.00
Due to a family emergency, I was unable to post any trades today. I apologize to all those who have shown interest in FortuneQ™ as a trading system and want to assure them that I am totally committed to posting FortuneQ™ signals on this board daily.
I also want to thank all those who have taken the time to encourage me with this experiment.
Thanks again for your interest and I shall be back tomorrow to post my trades in real-time.
Prosperous Trading to All,
contax
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