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I have changed to TradeStation’s per-share commissions since I am in a semi-scalping mode now and paying too much with the fixed commissions (6.99 per trade).  Today,I executed 6 round-trip trades and paid 83.88 for the commissions.   If I had the per share commissions, I would have paid only 18 dollars in total.  That is a huge difference. So starting from tomorrow, I will pay 0.01 per share.

Today’s trading was Ok.  But I can use some improvements.   My plan was scalping.  But in hindsight, the exits in my WFC and GS short positions were not optimal.  By optimal, I mean I should at least catch half of a big move.  Nope.  I caught 1/4th at most.   The only thing I can do when I look back at them is to sigh, or shake my head a little bit.   Here is the dilemma. My plan was to scalp them.  And I executed my plan to the letter.   But the results were not too impressive.   If I do not follow my plan, why did I waste time making a plan in the first place?   So I think I did partially OK today by sticking to my plan.  

NILE, RKT, ISRG, PRU were the 4 stocks I mentioned on my mailing list last night.  You perhaps could have made some money shorting PRU and Nile.  I was staring at PRU right after the market open. Yet this guy dropped so fast that I chickened out.  I was going to short into the first dead cat bounce which never really happened.  So I had to let it go. 

Here is today’s chart of PRU.