Tonight, ES moved between 1026.25 and 1025.25. Six round trips for 1.5 point. Each tick is $12.5 – $4.8 = $7.7. The commission cost is too high for this kind of scalping. However, it does not require much attention or time attending the scalping process. You can scalp it while reading a book or blog on the web:-)
SNP
Bought SNP @ 26.42. It gapped up this morning bouncing from the spoort at 25. Target 28 and stop 25.
Yesterday, opened long positions in the mutual funds PIMCO MidCap, Loomis Sayles SmallCap Value and Templeton Foreign.
EBAY
EBAY intraday high was 57, but the sell order’s condition was not met. So I still long EBAY SSF. The order is changed to two market sell orders with the conditions of EBAY last price <= 54.5 or >= 56.1. The long tail on the candle looks bearish though, which is why the lower limit is set to 54.5. It’s hard to set trail stop on SSF since it’s not traded often, therefore, the trailing does not work.
Edit: Looking at the intraday chart, the 57 print was not shown there. It might be a misprint on other quote source.
SSH, VNC and Remote Desktop
Have you tried port forwarding using SSH and VNC to any remote computer? It’s so cool. You just need to have SSH client and VNC viewer set up on your workstation, and SSH server on your SSH gateway server, VNC server on you remote server, and your’re good to rock’n roll! Here’re the urls to get all the tools.
Scalping ES During AH
I have been doing some experiment on scalping ES at night. The result has been great. All winners no loser. Most of time, ES does not move a lot. I guess it could move big if there’s news from other part of world where it’s daytime. I plan to write a program to automate the scalping.
EBAY: Target 56 and Stop raised from 50 to 52 since it moved in my favor (half point above break even point).