Marketgeometry

Monday, August 27, 2007

Monday Trade Review 8/27/2007


The trading Gods blessed me with a gift today. One of the ways I try to make money is, if the bid/ask is crazy on a stock, try picking some up or shorting it. An example is SAI today. I have traded this stock and I know unless some crazy news is out there, it does not open a big amount down or up. The bid/ask was 16.90/17.94. It had closed at 17.82. No news so I bid at 17.15 and got 200 shares. I tried to sell at 17.77 on open but did not get filled so I dumped them. A nice simple trade. 99% of the time, the specialist or market maker gets these. Once in a great while I am lucky. One word of caution, you must understand how the stock trades.
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Other than that, I did little today. Market was very slow and hard to game. I had my doctors appointment and hang some shades to make the wife happy. That killed most my day.
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The numbers:
Stocks: gross +90 net +86 shared traded 800
Stock futures: gross +15 net +10 contracts traded 2
Forex: none

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