January 28th...flat

Today was a small target day, again but worse than yesterday. I decided that my pivot points were so close together that trade targets were so small as to not be real targets, support or resistance at all. So, in keeping with my normal plan I fake traded anyway to see how this might lay out for future reference. I'll post the TLM chart just for curiosity's sake.




The entire range was contained within the $11.97 to $12.29 area, that's a total delta of 32 cents. Not much room here to play with. The price was not supported or resisted by the various pivot points very well today as any move was likely to overshoot them easily. I almost did not even other looking at anything today but figured that faking a trade day in such tight quarteres might be a good thing. I did track a few trades to see where I might have ended up.

1013h Buy $12.12 Sell $12.21 Gain 9 cents ps Return 0.7%
1231h Buy $12.12 Sell $12.27 Gain 15 cents ps Return 1.2%
1113h Buy $12.12 Sell $12.14 Gain 2 cents ps Return 0.2%
1220h Buy $12.12 Sell $12.15 Gain 3 cents ps Return 0.2%
1251h Buy $12.12 Sell $12.15 Gain 3 cents ps Return 0.2%
1321h Buy $12.12 Sell $12.18 Gain 5 cents ps Return 0.4%

$ 0.37 gain per share or 2.9% overall return on trades

That would not be too bad except that there are commissions to take in to account...even Questrade's low commissions turns an $111 day into a $51 day...still that is 1.3% on the initial portfolio, so that would still meet the goal for the day...but it is a lot of work as I would have been better to stop after the first two trades as the rest is pretty much just breaking even. I did not even bother checking into HED today at all.

Jeff.