Status of this Blog

I do not know when I will trade again or post. The daughter fell down a flight of stairs and really messed her head up. This is her story.

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Monday Trade Review 7/6/2009

No Trades - No Big Mouth Stocks.

Thursday Trade Review 7/2/2009

As I post this, my Thursday trading is still eating at me. The top chart is ILMN. I have been having so many problems giving a trade enough time and room to work - it is driving me crazy. A lot of times if a stock breaks an important chart point and fails, I was giving it 10 to 15 cents and getting stopped a lot. A few day ago, I gave GERN a little extra room but I was stopped just a few cents from the first breakout failure before it truly broke out.

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Now on Thursday, I decided to even ILMN even more room and again I was stopped just a few cents above the low but this time ILMN did not out and really run - over a point in fact. This is driving me crazy. I recognized my error and tried again at ILMN second breakout but missed so I tried to get in on a pullback and missed that by a couple of cents. Boy was I pissed.

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Then I saw what I thought was a buy signal in the Dow futures but instead, I was just a little too quick and bought before the signal and the signal never happened. Once, I recognized that, I did not get out but waited until my stop loss was taken out.

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Both these trades I allowed to screw with my head for the rest of the day. So when the X trade happened, at the first sign of trouble, instead of peeling, I sold the whole position where that trade could have covered most of my losses for the day if I sat in it.

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Three things come out of this day, act faster, think clearer and sit on your f-ing hands.

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The numbers:

Stocks: gross -187 net-205 shares 3600

Stock Futures: gross -180 net -189 contract 4

Forex: none

Wednesday Trade Review 7/1/2009

No Trades and No Big Mouth Stocks. The Big mouth is on vacation this week.

TuesdayTrade Review 6/30/2009

There was no big mouth stocks today. Above was one trade that went against me that I could have had a big day. I went long 1000 of GERN on the breakout and got stopped a couple of cents off the next low. CNBC seconds later started talking about GERN. Ping - a 30 cent ride - I also had orders before I got stopped to add another 1000 shares over 8. I guess I could have gotten out with a $250 gain instead of $160 loss.
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My two other trades where okay but both I cut too short after the GERN crap. I hate this type of trading I do where the first trade sets the day. I tell myself over and over - one trade has nothing to do with another but if the first trade is a loss - I become way too cautious the rest of the day.
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I am glad the month is over.
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The numbers:
Stocks: gross +96 net +66 shares 6000
Stock Futures: none
Forex: none

Monday Trade Review and Big Mouth Stock 6/29/2009

The two charts above are both Big Mouth stocks. I short some CLR on the premarket open 8 am and took a fast 15 cents because I did not know where I was going to be later. I did get to watch the open for a few minutes and shorted CLR but moments later got called away and had to close the trade fro a small gain (happy meal time). That was it for me for the day.

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For some reason, I am glad June is over and can start clean on Wednesday with a new month.

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The numbers:

Stocks: gross +92 net +83 shares 1800

Stock Futures: none

Forex: none

Friday Trade Review 6/26/2009

No trades and no big mouth stocks.
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But I did have fun on Saturday. My Wife's sister and husband spent the afternoon picking cherry's and going to farmer markets with us. When they got home, she had found her son had a caught a large Sea Bass and does not eat seafood - lol. Her husband did not want to share that much fish so they called and brought the fish and a good bottle of wine over. I had never grilled fresh fish before. We had a great meal of fish, jumbo shrimp, corn and asparagus all grilled while getting drunk on good old New Jersey wine. To top it all off, the brother-in-law is not that good with English and the wife's sister can really misspeak at times. Once the wine got flowing - I was laughing my ass off.
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Like Stewie - I should have taken a picture of the feast.