Algokid

QQQ/PSQ Day trade Journal

BATS:QQQ   POWERSHARES QQQ TRUST
482 35 1
Testing a new trading strategy this morning , Using un-leverage ETF QQQ/PSQ. the trade signals are based on the correlation and ratio of the pair( more detail coming up). The two ETF are inversely correlated. I will only take long position , so either go long QQQ             or PSQ             ( inverse ETF )
1st TRADE

LONG QQQ @ 66.83

* trade are based on the 1 hour chart
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Closing this trade @ 67.26, for a .43 profit.

I could of also shorted the PSQ but let keep things simple and go long only
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all trades are closed by 4 pm or if i get a signal to get out.

About The Signals

As you you , I " pair trade". With the help of some other pairtraders on the internet, we were able to program a simple indicator for thinkorswim trading platform. This indicator calculate the ratio of two stock over a chosen period of time and displays the standard deviation ( 1 and 2.5).

Once the positive or negative std dev is crossed I get a signal to enter a trade ( either long qqq or PSQ). Click on the link below and open the first pic (STD.JPG) to see today's signal. ( http://www.box.com/s/bd0dc5dbbc63c6db466f)
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Long PSQ ( QQQ short ETF) @ 26.03
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closing this trade @ 25.99 for a 0.04 loss
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Long QQQ at 66.37
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closing this trade @ 66.88 for a 0.51 profit :)
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long the QQQ @ 66.84
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Closing this trade @ 66.70. for a loss of 0.14, might re -enter again later on
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long QQQ @ 66.86
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closed this @ 66.60 for another lose of .26, not a good day
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going long PSQ @26.73
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Closed this trade @ close for a loss of .13
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long the QQQ @ 67.08
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nice idea keeping a journal.. you can probably mark the entries and exits on the chart, along with the comments. Would be kind of a nice timeline then
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great Idea , Will start next trade. :)
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Closing this trade @ 67.19 for a .10 profit
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Long PSQ @ 20.83  
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slow day..closing this trade @ 20.85..for a 0.02 profit
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had a meeting ! long QQQ @ 67.43
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close @ 67.06..for a loss of .37 ..bad day
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long PSQ @ 25.95
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sellimg PSQ @ 25.83 :(
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Long PSQ @ 25.87 
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closed at 26.01 , for .14 profit
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Long PSQ @ 26.24
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Closed @ 26.58..for 0.34 + :)
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Long PSQ @ 27
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closing PSQ @ 26.68
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long PSQ@ 27.24
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Sold PSQ @ 27.41 for a profit of 0.17 per share
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long QQQ @ 62.78
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selling QQQ @ 62.54 for a loss
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Long QQQ @ 62.51
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Out @ 62.40
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