My Interactive Brokers Trader’s Workstation workspace / configuration

Like how my workspace on Interactive Brokers Traders Workstation (IB TWS) looks? Why not download it and try it out yourself? This includes all my settings including order defaults and display setting. Keep in mind that I have optimized it for my trading style and my monitor size (22″, 1900 x 1280). Let me know what you think if you give it a try. Also, please be aware that I have certain order presets (such as discretionary amount) that are not suitable to most traders. Please use this workspace only to see how I have it configured and to get ideas for your own workspace. Do not just load it and trade with it, not knowing all the presets I have. One preset I have is to have a ‘discretionary’ amount of 3 cents, such that the software will try to fill any limit orders 3 cents beyond the limit. Due to changes in IB’s software I do not think it is now possible to remove that setting.

GoodeTWS3-5-2012.xml (1.2 megabyte configuration file; Right click and save the file to your desktop, then in TWS go to File -> Restore Settings and select this file)

Disclosure: No positions in any stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap: I am still an efficient scalper!

I am an efficient scalper again (link is to the mp3 you know and love)! Not much exciting today except for some scalping. Too bad I missed buying (or shorting at $0.42) VSTNQ.

Daily profit: $405.03

Weekly profit: $7,108.08

IB Trades today:
+    BOT    500    IFLG    false    Stock    8.100    USD    SMART    09:30:09        2.50
+    SLD    500    IFLG    false    Stock    8.200    USD    SMART    09:38:14        2.50
+    BOT    10,000    MCGC    false    Stock    5.210    USD    ARCA    14:31:39        50.00
+    SLD    10,000    MCGC    false    Stock    5.260    USD    SMART    14:32:46        50.00
+    SLD    1,000    MCGC    false    Stock    5.330    USD    SMART    14:34:28        5.00
BOT    1,000    MCGC    false    Stock    5.32    USD    ISLAND    14:37:07        5.00
+    BOT    1,000    MCGC    false    Stock    5.210    USD    BATS    14:45:59        5.00
+    SLD    1,000    MCGC    false    Stock    5.240    USD    SMART    14:58:01        5.00
BOT    225    IFLG    false    Stock    8.5100    USD    ARCA    15:33:07        1.12
BOT    275    IFLG    false    Stock    8.5100    USD    ISLAND    15:34:30        1.38
BOT    5,000    STTN    false    Stock    0.4800    USD    SMART    15:47:47        12.00
+    SLD    500    IFLG    false    Stock    8.400    USD    ARCA    15:54:48        2.50
+    BOT    3,000    STTN    false    Stock    .480    USD    SMART    15:59:36        7.20

Disclosure: Long 8,000 STTN. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Watchlist for February 25th

IFLG – Awesome supernova. I have misplayed it horribly and still made $4k or so on it (realized profit). I am short 3,000 shares overnight. Tim Sykes has made somewhere north of $15k on it in the last two days (why not buy his Pennystocking Part Deux DVD that I own and recommend?)

iflg

IFLG_intraday

AMOK – The new NXTH? Pumper Jarret Wollstein (who has pumped NXTH, AENY, and JYHW in the last six months) is doing his darnedest to make this horrific reverse-merged company the next big pump. Here is his disclaimer:

“The distribution costs of this report to new subscribers, one hundred thirty thousand dollars, were funded by Benchmark Media Ltd. in an effort to create investor awareness of Amarok Resources, Inc. Benchmark Media Ltd. is neither a broker-dealer nor investment advisor, but is a shareholder in Amarok Resources, Inc., holding 1.5 million shares of Amarok Resources, Inc. stock which can be publicly traded (sold) at any time by Benchmark Media Ltd. group. It is anticipated that this report will generate new subscriptions for Intelligent Investor Report and expect to receive an unknown amount of revenue from new subscriptions from the subscription offer contained herein. Jarret Wollstein, the reviewer [or analyst], has been paid twenty-five thousand dollars in compensation for research, preparing and publishing this report and other publishing venues. “

I bought 2,200 shares of AMOK today and will see how far up the pump I will ride them. I will sell them sooner rather than later, though. Buying pumps is very risky and I do not recommend it.

amok

NVLT – Down 80% on FDA news. Had a tiny bounce in it today, maybe more tomorrow. I am bad at these plays though.

nvlt

VPHM – This higher-priced earnings runner could continue.

vphm

Disclosure: Long 2200 AMOK and short 3000 IFLG. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap for February 24th

Tim Sykes nailed his shorts on IFLG today and subscribers to his TimAlerts trade alert service did well too. I messed it up, of course, but still profited. I remain short 3000 shares of IFLG overnight.

Daily profit: $2,879.54

Disclosure: Long 2200 AMOK and short 3000 IFLG. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap for February 23rd & watchlist

Not a bad day, helped make up for yesterday.

Daily profit (total yesterday & today): $2121.86

On watch:

CIMT – Big earnings runner today. Potential long on r/g or off consolidation.

cimt

IFLG – Potential short after crazy move. ALFSS!

iflg
IFLG 2-day chart
iflg

RCYT – Pump! I played it long today and have 16,000 shares I am holding overnight and will sell soon after the open.

rcyt

RCYT 1-day chart

rcyt

Disclosure: Long 16,000 RCYT that I intend to sell soon after the open tomorrow. I have offsetting long and short positions in IFLG (and thus no net exposure). No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Watchlist for the last happy prime numbered day in February!

What is a happy prime number? Ask Wikipedia. Where’s my trade recap? I was busy and I did not want to give away one particular position so I will recap today’s mostly execrable trades tomorrow.

IFLG – Big move on no particular news other than them talking at some conference. I am short biased but I will watch price action to determine my move.

iflg

RCYT – I have counted three separate pumpers that pumped this tonight. One pumper was compensated 2,475,000 free trading shares; one was compensated 2,325,000 free trading shares; a third pumper did not disclose getting compensated. I have no idea how much this will move, so I certainly would not recommend buying. This will, however, be worth watching. Hopefully they can pump it up to $0.80 or more and shares become available to short.

rcyt

Disclosure: No positions in any stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Saturday Q&A: How to find pump & dumps and how long does it take to learn to trade

1. Do you pay attention to the overall market and does that affect the stocks you trade?
2. How does the amount of shares a stock pumper is compensated relate to and affect the volume in a pumped stock?

Video #2:

1. How do you find pumped stocks and stock promoters?
2. What is the general learning curve for trading stocks as you do?

Disclosure: No positions in any stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.