Monday, December 31, 2007

Monday Trade Review 12/31/2007

Not much to say. Volume was dead and hard to trust the moves.
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The numbers:
Stocks: Gross +2 net 0 shares 200
Stock Futures: gross +25 net +20 contracts 2
Other Futures: none
Forex: none

Friday, December 28, 2007

Friday Trade Review 12/28/2007

Stupid day to try to trade. IB crashed for about 30 minutes. TS locked up. TD had charting issues. My PC locked up 3 times. Volume sucked.
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The numbers:
Stocks: none
Stock Futures: gross +10 net +5 contracts 2
Other Futures: none
Forex: none

Thursday, December 27, 2007

Thursday Trade Review 12/27/2007

Someone should shoot me - I was sitting in front of my charts ready to trade when the news of Bhutto came out. I started think how sad and how it may effect world events. I looked up and saw the market were not reacting and so I went back to my thoughts. Moments later the market fell apart. The YMs dropped a fast 30 then 40 more points. The EURO/USD run up 50 pips before going up more later in the morning. And I has just sitting in thought - not acting. It would have been very easy money hopefully giving me the balls to be more aggressive during the rest of the day. But no I just sat there.
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I made a bunch of mistakes today. Selling and buying things were I should not have been but the trading gods smiled a little on me.
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The numbers:
Stocks: gross +77 net +71 shares 600
Stock Futures: gross +50 net +25 contracts 10
Other Futures: none
Forex: none

Wednesday, December 26, 2007

Wednesday Trade Review 12/26/2007

Another day - more frustration. I bought CSUN looking for a poke above 12 and it did and then came back quickly. After seeing on the daily chart, it had problems twice before with 12. I sold the position. You can see what CSUN did the rest of the day. Idiot.
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The numbers:
Stocks: gross -28 net -32 shares 800
Stock Futures: gross -5 net -10 contracts 2
Other Futures: none
Forex: none

Monday, December 24, 2007

Monday Trade Review 12/24/2007

How can someone be long a mojo stock on the day before Xmas and loss money. I figured out a way. Wife is still very sick and I am taking her to the doctors again.
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The numbers:
Stocks: gross -63 net -67 shares 500
Stock Futures: none
Other Futures: none
Forex: none

Currency Markets 12/24/2007






I am still toying around about trying to trade this. The swings would be great but as long as we have trending markets, all should work out. You have the problem that all of these are against the Dollar. You could at times have them all going in your favor or all going against. Also some work better than others. I may try to put a very small amount and just trade the Euro and the Lonnie. At times, they seem to be the least correlated with each other of the 6 major pairs. The EURO looks to be the easiest to trade.





Monday Morning Thoughts 12/24/2007






If you look at the major indexes above, all of them are either sideways to down. On the other hand the indicators are still not pointing to a major down turn. The small cap index is in really bad shape but the Dow and S&P are dead in the middle of their ranges. The high flying China Index looks to be a pretty good top right now but the other emerging markets are more like the Dow.
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It is amazing that everyone got so excited with last weeks rally but it really got us no where. Still because it is January and the Smart/Dump has not broken down, I want to bet we will trend up over the near term.

Friday, December 21, 2007

Friday Trade Review 12/21/2007

Not much to review. Wife is still sick and is home for the 3rd day in a row. She was coughing up and blowing her nose producing things that only a CSI could identify. She hates doctors but I was able to get her to one last night because of how bad she got.
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I tried shorting the big mouth stocks (GS and MHS) and only got GS. On this type of day, a bad mistake. Never fully recovered. Also tried playing the let's buy the rebalanced QQQQ stocks lower, but did not get filled. Maybe Monday.
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The numbers:
Stocks: gross -53 net -59 shares 600
Stock Futures: gross +10 net +5 contracts 2
Other Futures: none
Forex: none

Thursday, December 20, 2007

Thursday Trade Review 12/20/2007

Not much to talk about.
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The numbers:
Stocks: gross +20 net +18 shares 200
Stocks Futures: gross +55 net +40 contracts 6
Other Futures: none
Forex: none
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Xmas shopping and a sick wife is whats next.

Wednesday, December 19, 2007

New poll question

Please vote on the question to the right.

Wednesday Trade Review 12/19/2007

I lost my cool with the market today and started really placing random orders. I am just so frustrated with myself not being able to attack the market with the knowledge that is stuck in my head. I only did one system trade and I lost 15 ticks. No big deal but placed four other YM trades just buying a new high for the move or low. The trades were +1, -10, -10, -15, -7. The total is no big deal but boy is the head spinning.
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The numbers:
Stocks: gross -12 net -14 shares 200
Stock Futures: gross -200 net -270 contracts 14
Other Futures: none
Forex: none

Wednesday Mid Day Thoughts 12/19/2007

Market is killing me softly - down $130 on a couple of trades.

Tuesday, December 18, 2007

Tuesday Trade Review 12/18/2007

Had an Xmas function to go to in the middle of the day and that kill most of the trading day.
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The numbers:
Stocks: gross +46 net +44 shares 100
Stock Futures: none
Other Futures: none
Forex: none
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Maybe if I get time tonight - I will post some charts.

Tuesday Morning Thoughts 12/18/2007

A course as we get closer to Xmas - the posting will get a little more hit and miss. The last 3 days I have dug myself a good hole in the morning only to make somewhat of a come back each but never enough to get me back in the black.

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It looks like a lot of traders are having a lot of problems recently. A couple declared blow ups on Friday, a bunch are lossing a lot more than normal and a few over the last month or two have dropped out of full time trading.

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The system got more money last night and GS is ok today. Is this a dead cat bounce?

Monday, December 17, 2007

Monday Trade Review 12/17/2007

Very Short post - blame dentist and Xmas shopping.
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The numbers:
Stocks: gross -130 net -137 shares 1400
Stock Futures: gross + 120 net +90 contracts 12
Other Futures: none
Forex: none

Monday Mid Thoughts 12/17/2007

Market is going no way fast. Made a couple of trades and got stopped for small losses. The market looks like it wants to go higher today but I can't seem to game it right. The trin has been dropping all day and the issues has improved since the open.

Sunday, December 16, 2007

Currency Markets 12/16/2007









Simply - the US Dollar kicked ass on Friday. All of the US Dollar plays are now working and working well. Over the next couple of days, I will begin to look to see how far the Dollar can go. At that point, you begin to plan for going against the Dollar. I do not think this is the end to Dollar weakness.




Friday, December 14, 2007

Friday Trade Review 12/14/2007

As noted below, I traded the two Big Mouth Stocks and lost $139. If I had placed my order in APC better and held the short though out the day, it would have been a great trade.
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I made a couple of YM trades and caught one move. I should have just shorted 3 contracts and sat on my hands it would have been a lot better.
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This week took a shit load out of me. Thank God I am in one piece. I notice in different places today a couple of traders either getting creamed or even blowing up. It has been a while since I have seen that.
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The numbers:
Stocks: gross -134 net -139 shares 800
Stock Futures: net +110 gross +80 contracts 12
Other Futures: none
Forex: none

Friday Big Mouth Stocks 12/142007





The Big Mouth Stocks - APC and MELI - I traded them both today. Not a good day to trade them. The notes of my trades are on the charts. My net loss for the two was $140.

Friday Morning Thoughts 12/14/2007

I do not know if it is because I am posting more charts, looking at a bunch of other blogs or the fact I have been having a mental market melt down but my readership hit a new high yesterday. Like I stated before, I have so many good ideas but I act on so few and when I do seldom do I follow the plan until the end.
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I usually do not act on news stories in the middle of the day but I tried shorting JBLU. I was late to the game but I thought it would continue to drop. A course I short just seconds before CNBC decided to talk about the story. While they talk the stock started rallying again and I got out. I should have considered it a gift and shorted more. Than when it started breaking down again, I shorted again. I made my loss back and a few more dollars but some bad ticks happened while watching it, so I covered again just to watch it drop another 75 cents from the place I got out. Again I was watching too close. Again I had no plan. Again I had no idea what I was doing other than acting on a gut idea. No confidence - easily scared out. Crap.
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I do have a plan with Big Mouth stocks. I do have a plan with YMs. I do have a plan with Currencies. Do I trade those plans much? - no. I spend the day haunting around stocks I know looking for chart patterns and once in a while react to a bloggers suggestion. Dummy.
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I need to see a market shrink. I wonder if I can find one that makes house calls.

Thursday, December 13, 2007

Thursday Trade Review 1213/2007

Sucks - it is bad to start out the day fat fingering something. I never really aloud myself to mentally recover. I did do a lot of trades trying to dig myself out but I could not handle any pain on any trade.
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I should have looked long in the stock market. Once past noon, the trin start improving for the rest of the day and issues did well after 2 pm.
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I did screw up with the rollover. I traded Dec contracts when I should have been trading March. By the end of day, March was more active.
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Although, I did a stupid mistake this morning, I feel better about things seeing I actively traded more but again I did not follow my rules - do not properly hit the Big Mouth stock.
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The Big Mouth stock dod not move much but short it with 1000 or 2000 shares and make a couple of hundred bucks then once it seem to find its low, go long. The market was in fine share and you could pick up a couple hundred more.
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The numbers:
Stocks: gross -393 net -408 shares 3000
Stock Futures: gross +15 net 0 contracts 6
Other Futures: none
Forex: none

Big Mouth Stock today 12/13/2007



My Big Mouth stock f-up today. Notes on charts.

Thursday Morning Thoughts 12/13/2007

I totally f-ed up this morning. I placed an order in premarket that screwed up the price. The IB warning did not work and I am already $500 in the hole. I wanted to place an order to short MRX at 26.85 - instead I placed it at 23.85 and a course someone took the gift. What a way to start the morning.

Wednesday, December 12, 2007

Should I really be doing this???

Today I felt like the market was handing me fistfuls of money and I kept saying no thanks. I have so many great setups and a lot of them would work out just fine. I place orders and then pull them. I place orders, get filled, then take a two second profit. I place orders, get filled, place stop, feel a baby amount of heat, and get out. And a lot of question of what I saw.
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I have a couple of setups. See the setup and not place the order. Then I would rush to place a non-system order and screw it up.
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I have a couple of very successful traders from time to time giving me great ideas. It seems like 80-90 percent of them work. Do I take any of them, seldom and the ones I take I seem to mess up out of fear or greed.
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Why am I so afraid of losing?? I know if I got a couple of good days under my belt - I think I would loosen up. This is a dream of a lifetime for me and I can't get myself to take a decent swing at it.
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I should be making good money but I lack confidence. One trader said once I got that confidence, I will trade like a rabid dog.
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Today, I missed the Big Mouth stocks. MT gave me a great trade to short FSLR. I took it and screwed it up with a trailing stop too clse. I felt like the market was going to fail and was looking to short any rallies. I thought I had a great trade in APD only to find I did not push the entry bottom after my bathroom stop (see charts below). I called a couple of tops to other traders without taking them myself.
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Today I feel with out too much effort, the way I looked at things, I should have made $3000 to $5000 today. I banner day. Instead, I have my head up my ass and lost $110.
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I you live somewhere in Central New Jersey, and you want to yell at me during the market day, please come by. I need someone I think to be next to me. I would state my case for a trade including the stop loss and profit target and reasons for moving the stop or getting out of the trade. You would say place the trade including the stop. And then if I come near touching the key for any reason other than the ones I spoke of - you break my fingers with a hammer. This is the only way it seems I would be successful.
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This is bad really bad. When the bell rang at the end of today - I just broke down and cried. The only saving grace I take out of this - with all my mistakes today - I only lost $110. This gives me the means to totally frustrate myself again tomorrow.

Wednesday Trade Review 12/12/2007

Stocks: gross +7 net -3 shares trade 744
Stock Futures: gross -95 net -110 contracts 6
Other Futures: none
Forex: none

Wednesday Big Mouth Stock 12/12/2007








Today's Big Mouth stocks - 6 of them - a lot more than I really care to look at in one shot but they were good. If you played the bounce on the open - 4 of them - FMCN, PTR, CHL, and APD you could have made fast money. With what happened to them after words, you could have taken half off and let the other half ride for even more gains. BIDU would have been difficult but you could have scratch it for BE. CELG - you would have had to be aggressive with the orders to get in.
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People ask why follow these - well - you could have made about $6000 just in December alone sizing your share count correctly. It looks to me 16 wins 3 losses 3 breakevens this month using my idea. It has been nearly 6 weeks since the last one would have hurt you bad and guess what - I shorted that one.




Tuesday, December 11, 2007

Tuesday Trade Review 12/11/2007

A very boring Fed day until the Rate cut was announced then craziness. I made a few YM trades but with the ticks going all over the place it was hard for me to sit on the trades. TS also went out for about 20 seconds. TD charts were f-ed up. I even had problems with YHOO mail.
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The numbers:
Stocks: none
Stock Futures: Gross +65 net +55 contracts 4
Other Futures: none
Forex: none

Tuesday Big Mouth Stocks 12/11/2007








The first three would be shorts and all would have worked if you entered them correctly.
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The last is a long that I explain on the chart.


Tuesday Mid Day Thoughts 12/11/2007

Fed day is boring for me. Very Frustrating. No pops in the big Mouth stocks. One of his stocks was GTS - an new IPO. I use the reverse idea with those. I spent the premarket trying to get in at 16.50 when I should have paid up and took shares at 16.75. With his IPO calls, it is very hard to short so it is easier to get them going up. A move of 16.75 to 17.50 would have been nice.
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Missed a couple of minor setups in the YM's.
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Waiting on the Fed.

Monday, December 10, 2007

Monday Trade Review 12/10/2007

Boring - made 5 100 lot share trades today and the net was $22. Very few signals in the YMs and missed those. Had my monthly allergy shots at noon today so after that all I felt like was going to bed. NYX was the Big Mouth stock which I would not even think about touching.
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Time to go to bed.
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The numbers:
Stocks: gross +32 net +22 shares 1000
Stock Futures: none
Other Futures: none
Forex: none

Sunday, December 9, 2007

November Monthly Review 12/09/2007

My monthly numbers:
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Wins: 36 Losses: 17
Avg Win: 47.11 Avg Loss: -48.29
Gross Trading: 909.06
Commissions: -255.68
Net Trading: -653.38
Biggest Win: 238.00
Biggest Loss: -300.00
Data Fees: -30.00
Interest: 304.85
Account Net: 928.23
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After having 4 months of losses in a row, it was nice to have a winning month. The largest loss I took was $300. Which means this month, I did not have a big blown trade. Each month my biggest gain seems to be in the range of 300-500. The problem I have had is 3 big losses this year - 1221, 800, 1509.
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One thing that sticks out with this month is I only had one loss over $100 my largest $300.
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Going forward, I plan on trading the YM more, stocks less and currencies once in a while.
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All in all, it was a nice simple month. Going forward now, I need to risk more.

Currency Markets 12/09/2007









My thoughts this week on the currency markets.

Friday Big Mouth Stocks 12/09/2007



The Big Mouth stocks from Friday. Either of them did I take the trade and both would have worked out great. I did have orders in for SGR but chickened out. SGR was the stock I had taken my worst loss of the year by panicking out of the position at the wrong time.

Friday, December 7, 2007

Friday Trade Review 12/07/2007

I found an even crazier way of screwing up a good trade today. Glenn from Dehtrader recommended to go long AAPL at 192 and I did with 50 shares. After a 2 point gain, I attempt with a lot of trouble to put in a trailing stop of 50 cents. It triggered at 193.60. The only problem the shares were 500 instead of 50. I saw my PNL go crazy. A course I panic and it took me a couple of shots to get the trade flat. If I held for a couple of minutes, it would have been a great trade too as AAPL fell 60 cents. I lost a couple of dollars being on the right side of a 2 dollar move.
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My YM crap only showed a couple of signals today and I took none.
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The numbers:
Stocks: gross +51 net +40 shares 2000
Stock Futures: none
Other Futures: none
Forex: none
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I will post a bunch of charts this weekend - God willing and a review of my November account numbers. I need to run to a Birthday party now.

Thursday Big Mouth stocks 12/06/2007


Big Mouth stock charts from yesterday.

Thursday, December 6, 2007

Thursday Trade Review 12/06/2007

Too many things happening in life so a short post. The only trades I did today were the ones I talked about before. I was able to get filled on a 100 share short FCX trade. I took 57 cents out of it and left about 40 cents on the table. This was a big mouth trade. On the YM side, I had two trades for a total gain of $70. There too I left about $35 on the table.
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I was only around for less than half the trading day. For some reason the YM system, I am trying to use only generated 7 signals today and two where crap. Most days it is more like 12-15 signals. That was a sign of the times for me today.
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The numbers:
Stocks: gross +57 net +55 shares 200
Stock Futures: Gross +70 net +50 contracts 8
Other futures: none
Forex: none

Mid Day Thoughts 12/06/2007

Some fast thoughts - no time for charts. I am reviewing and tweaking my new system a little to gain more confidence with it. There was two trades in it this premarket - one while I was a sleep and the other I was dealing with the wife. During the regular market, there was also two trades. Both I chickened out too soon but still made money.
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I did caught one Big Mouth short for all of you who think I am crazy for always looking at them and never getting in. I made a little.
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Got to run.

Wednesday, December 5, 2007

Wednesday Trade Review 12/05/2007


These first three charts are the Big Mouth stocks for today. I do not even look at them because of the strength in the market and I was busy with Futures and overnight Currencies.
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The last chart in the YM. I made two more trades there in the afternoon. I tried shorting the 2:30 break of the lows at 13400 - stupid idea and I caught a piece of the downside move just before 3 pm. I only had one contract instead of three because I was late to the game.
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The numbers:
Stocks: gross -51 net -55 shares traded 600
Stock Futures: gross +120 net +95 contracts 10
Other Futures: none
Forex: gross -200 net -205 2 1/2 minis
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I was happy with my currency play even thou I lost money. I followed my plan. Same with two of the YM trades. The third was just stupid. Both stock trades were dumb ass trades. I need to think things out in a more peaceful manner.

Mid Day Thoughts 12/05/2007

This is a big chart so click on it to see the details. It is a chart of the YM's with my buy/sell signals on it. There was a great one just before the Open and the rest of them would have been difficult to play. You still could have made good money if you were fast. Since I downloaded this chart - there has been two sell signals. Both of them should have netted +15 points each but it is very hard to short this strong market. I did take the break out trade for +21 YM points.
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On other notes - my first swing currency trade was a loser (-200) and my only stock day trade was too (-50). My stop was 25 cents and if it was my original idea of 40 cents, I would still be in it. I also sold my XLF swing in my retirement account like a dummy. At the beginning of the day, it was dropping too fast so I put in a stop not to give all the profits away.
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Remember, if we close on better volume, the IBD nuts will be screaming about a follow thru day.

Tuesday, December 4, 2007

Big Mouth Post 12/04/2007

There was only two Big Mouth Stocks for this morning (VIA.B PWRD) and I really thought PWRD was going to be a good opportunity for making money. As you can see on the chart, PWRD had no pop when I expected it to. Chasing it would have not shown much profit - maybe a quarter point.

Tuesday Trade Review 12/04/2007

I am still trying to gain the confidence I need to take the training wheels off of my modified system. I have print out the last 15 days of inter day trades to eye where the trades should have been made and if all the system parts make sense.
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Today was a stupid day of trading. I made 6 trades today and three were just out of boredom. Not a way to trade.
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The numbers:
Stocks: gross -28 net -36 shares traded 2000
Stock Futures: gross +15 net 0 contracts 6
Other futures: none
Forex: none ( just started a very small short in USD/CHF)
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FYI - I started a swing trade XLF in my retirement accounts.

Tuesday Morning Thoughts 12/04/2007

Some of the high flying stocks are pulling back and the Bulls are getting nervous. Again I hope for a pull back to add some swings to my retirement accounts. Too many people are giving up on this market too quickly which is good.

Monday, December 3, 2007

Mondays Trade Review 12/03/2007




The top two charts are the Big Mouth stocks. Both would have been profitable if traded but no shares for TC and I hate THC.
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The bottom chart is one of the Agricultural Chemicals stocks. They were very strong today. I wish I saw that earlier but made one good trade there. Other than that, I made a couple of crappy futures trades.
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The numbers:
Stocks: gross +47 net +45 shares 200
Stock Futures: gross -50 net -60 contracts 4
Other Futures: none
Forex: none (but look to go long the yen)