Testing Strategy and Raising Cash

I’ve been busy this morning with the market.  I began running my first algorithm live this morning.  It seeks to define high probability entries for scaling the E-mini S&P contract.  So far so good, it has triggered shorts only all morning.  I’m turning it off now to dig into the data a build macros to chomp away at it.

I got a bit larger than I should have with LEDS into the bell Friday.  The stock stalled out while I was trying to day trade it and I sailed into the weekend with a 10% position.  Good lord.  I spent the majority of the morning liquidating the position down to around a 3% position.  I was able to earn an average sale price of $1.23.  Suffice to say, target one achieved, and I have a runner on should the stock gods offer me some crème.

Then the market continued to deteriorate so I bought more ZNGA.  Try to figure out that logic.  It needs to firm up before the bell for me to have optimism in the name.

Finally, I sold out of YCS, AWAY, and DNKN.  Loser, winner, loser.

Now I’m building a sizeable long in patience as they say.  This is such a corny saying, but I see traders take pride in being patient while others are risking coin, so I’ll consider myself amongst good people.