Friday, May 30, 2008

Friday Trade Review 5/30/2008

I suck period. What ever I did yesterday that gave me a good feeling - I killed it today with a lot of stupidity.
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I need to go play in traffic or chase parked cars.
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The numbers:
Stocks: gross -69 net -91 shares 5200
Stock Futures: none
Forex: none

Thursday, May 29, 2008

Thursday Trade Review 5/29/2008

A hard day but a day I end with a smile. After a couple of trades, I was down close to 100 dollars. I then went long AKS with 500 shares and in about 90 seconds I was down nearly 60 cents. I did not panic and allowed AKS to work higher and I got out only down 60 dollars.
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I found my self down about 150. I usually would pack it in after that crazy but I continue to trade. Piece by piece, I was able to get myself back into the back in this chop fest.
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The amounts may seem small to many of you but it is a big morale victory for me.
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The numbers:
Stocks: gross +72 net +29 shares 8600
Stock Futures: none
Forex: none

Thursday Big Mouth Stock 5/29/2008

This is an evil stock. I tried to short but my orders where just above the market and I did not get in.
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Again I will repeat - I hate to do market orders in this stocks unless there is a lot of volume. I do not want get killed on the spread.

Wednesday, May 28, 2008

Wednesday Big Mouth Stocks 5/28/2008


A split - good money could have been made on KDN and lost if you not careful on SPW.

Wednesday Trade Review 5/28/2008

Sorry for the late review. Really nothing to review and my life is still crazy. Doctor appointments and they want to adjust the drugs again. I think I am just going to throw them on the table and take 4 randomly each day.
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I am still trying to get into the swing of things. The problems with the parents really screwed with my head and then I when on vacation. I felt like I had been away from trading for a month when I only missed a day and a half. Nothing worth reporting today.
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The Numbers:
Stocks: gross +51 net +21 shares traded 6000
Stock Futures: none
Forex: none

Tuesday, May 27, 2008

Tuesday Trade Review 5/27/2008

Spent the weekend eating a lot of seafood and very good seafood it was. I did not in until very late last night so I am very tired. Trying to trade today was hard. This market did not help. Most of my trades were the nickle and dime stuff up or down. All my trades soon after I got in them reversed on me. Thank god I used a short leash on them.
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The numbers:
Stocks: gross -65 net - 91 shares 5200
Stock Futures: none
Forex: none

Thursday, May 22, 2008

Trade Review Thursday 5/22/2008

Just like my old stupid self. I am totally mentally burnt out dealing with my parents. I thought not to trade but if I watched the market while getting ready for a vacation I might find something.
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Well I did, I was watching when the Steels started falling apart right after 11 am est. I caught RIO falling just right and had two places to add. I only added in one. After being up $150 and a little pull back, I thought I did not want to screw this up and just take the money - $100.
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RIO and the other steels then fall out of bed. I nearly placed another short on AKS being frustrated with covering RIO too soon but did not. The two trades could have made my month in about 30 minutes. I am an idiot.
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I just pray one day soon I can hold on to a good trade long enough so I can say to Crack - "I fucking nailed one".
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Time to go on vacation with my beautiful wife and eat good seafood and forget about trading and parents hopefully.
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The numbers:
Stocks: gross +100 net +90 shares 2000
Stock Futures: none
Forex: none

Wednesday, May 21, 2008

Wednesday Trade Review 5/21/2008

More problems with parents and friends - very little time to trade.
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Numbers:
Stocks: gross +44 net +29 3000
Stock Futures: none
Forex: none
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I will be on vacation until next week.

Tuesday, May 20, 2008

Tuesday Trade Review 5/20/2008

I had a bad day. I am in a bad mood. I should not have traded today. I had to deal with both my parents today. My father is a drunk that believes you pay taxes by buying lottery tickets. My mother believes that doctor kill their old patients if they do not provide enough profit and if they can get away with it. Some nearby hospital has 400 bodies in the basement. I kid you not. Both of my parents are completely nuts.
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And I got an email with a link about an updated story of a good friend and co-worker that was murdered 3 1/2 years ago.
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My day sucked.
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This turned out to be my worst trading day in about 2 1/2 weeks so here are the numbers.
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The numbers:
Stocks: gross -70 net -81
Stock futures: gross -110 net -170 contracts 12
Forex: none

Monday, May 19, 2008

Monday Trade Review 5/19/2008


So I decided to do something different today and review my current trading problems. I am doing okay on the number of trades per day. I want it to be around 8 to 10 a day and it is. I want my share size to be where if a stock goes where I think it should, I will make $250 or so. I still am a little light at times but getting much better. I do not want to chase stocks. I seldom do this any more.
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I have one chart of my current major trading problems. One - I get scared out of a position. I think I had this problem since I was born. Two - bad stop placement. This is kind of a different version of problem one. The last is where I spend a ton of energy on a trade that is going to net me little.
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Look at the charts and leave your comments if you have any.
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The numbers:
Stocks: gross +111 net +78 shares 6400
Stock Futures: none
Forex: none



Monday Big Mouth Stock 5/19/2008


They sucked today. No where to make money.

Friday, May 16, 2008

Friday Trade Review

There was not much trading. I took a couple of break even trades early in the morning after the big mouth stocks did not pan out. Then I sat and watch. And I sat and watched some more. Then I said screw this and had lunch with the wife. Came back and sat and watched some more. Finally things woke up in the last hour. I caught a trade in FCX when I was breaking out over 123. It run to about 123.90 and I was in heaven until it fell back and hit my stop at 123.40. The low was 123.39. It run to 125 with out me. That could have been one big trade for me. I thought a 50 cent stop was good. Not this time.
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The numbers:
Stocks: gross +39 net +77 shares 3200
Stock Futures: gross +20 net +10 contracts 4
Forex: none

Friday Big Mouth Stocks 5/16/2008


Painful - in the Big Mouth Stocks have been hard to play nearly for two weeks now with the lone exception of CLR this Monday.

Thursday, May 15, 2008

A late Thursday Trade Review 5/15/2008


I wanted to put a couple more charts up but I keep getting an error. Early I problems with my VM getting overloaded on this machine. Too many things being a PITA.
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I was very stupid today. I missed the two good parts of the trading day - around noon and near end of day. A friend called at lunch and I said I was not busy and walked away from the desk. I thought it was going to be a 15 minute call that turned into an hour. I missed my favorite steels dieing as oil sold off. Near the end of day, I got so frustrated I was not getting signals, I gave up with an 1/2 hour to go. You can look at the chart above.
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The numbers:
Stocks: Gross +71 net +44 shares 5000
Stock Futures: none
Forex: none
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Friday Morning - I added the WGOV chart

Wednesday, May 14, 2008

Wednesday Trade Review 5/14/2008

This was one fucked up day. I woke up in a bad mood and just was not happy. I started trading with a Big Mouth trade that netted me nothing. Next I decided to be totally impulsive and quickly screw up two and add to my bad humor. Next came the email that stated I could fix my yahoo account finally. Great - only a 5 minute task took an hour. Thank god Microsoft did not buy yahoo or it would have been a week long task. Next I had problems with my TD charts and streamer - more fun.
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Finally my afternoon calm down. Finally my attitude got better. With the sell off, I made a couple of trades. All of them I should have held longer but it did put me back in the black for the day. Only 21 dollars but better than a loss.
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With my yahoo account fix, my car repairs set up and my moms problems on hold, I can only hope all I need to deal with is the market.
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The numbers:
Stocks: gross +58 net +21 shares 8400
Stocks Futures: none
Forex: none

Wednesday Big Mouth Stock 5/14/2008

No good.

Tuesday, May 13, 2008

Tuesday Trade Review 5/13/2008

I am just having one thing after another happen in my life. I really only looked at the market for about 3 hours today. My mother call and I was on the phone forever dealing with her Medicare part D (Drugs).
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I was proud of myself for getting two good entry points on the Big Mouth Stocks. The charts are below. I was able to get small profits out of each. One of them should have been a big winner and the other a break even. The big winner EMR I got scared out of too early. There was many bad ticks that gave the impression the stock would go higher fast. The OC gave little room to profit.
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The rest of the trades were just junk.
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The numbers:
Stocks: gross +90 net +75 shares 3000
Stock Futures: gross +30 net +20 contracts 4
Forex: none

Tuesday Big Mouth Stocks 5/13/2008


One winner - one loser.

Monday, May 12, 2008

Monday Big Mouth Stocks 5/12/2008


Very frustrating to miss a stock like CLR. I was not ready for the opening with all the chaos going on. I guess tomorrow is another day.

Monday Trade Review 5/12/2008

Not much to review. I had 4 trades to days and I think my net was -1. I had a hard time thinking about trading. I was very tired, medical issues with my mother, making a bunch of calls about my car, access to yahoo is screwed up and over the weekend I upgraded my IB and that was a mess. On top of all that I had my allergy shots. Not a lot of time to think about trading.
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The numbers:
Stocks: gross +5 net -7 shares 1400
Stock Futures: gross +20 net 0 contracts 8
Forex: none

Saturday, May 10, 2008

April Monthly Numbers

My April monthly numbers:
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Wins: 53 Losses: 45
Avg Win: 33.60 Avg Loss: -40.24
Gross Trading: 30.00
Commissions: -356.16
Net Trading: -386.16
Biggest Win: 145.00 Biggest Loss: -275.00
Data Fees: -87.00
Interest: 229.90
Account Net: -243.28
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So I continue on my slow bleed. I have had 3 losing months in a row but adding them together equals one good trade. Bottom line is my trading is stuck in neutral.
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The one surprising thing that sticks in my head looking at the numbers - I can remember 4 bad or painful trades during the month but I can't remember any good ones.
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I tried playing AAPL during after hours earnings. I made the right decision but freaked on the trade losing $300 when I should have made $500. Early in the month when I was not feeling well - I decided to by the XLF - thought I typed 200 shares but instead 2000. I left it for a couple of minutes then it fell fast. I should have never been trading that day. I bought V on a break out and two seconds later it dives 70 cents. And finally, I shorted RIMM on a break down. Made nice money but when I covered, I covered with an extra 10 shares. I did not notice that and Rimm continue going down taking my profit with it. All in all that totaled about $1500 worth of screw ups by me not to even begin to count the 100's of minor ones I do all the time. It is just the big ones hurt.

Friday, May 9, 2008

Friday Trade Review 5/9/2008

A very boring day on my account. Had more fun with the car today but not much action in the names I like to trade. Blogger is giving tons of problems today so I will add the numbers.
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The numbers:
Stocks: gross +44 net +16 shares 4600
Stock Futures: none
Forex: none

Friday Big Mouth Stocks 5/9/2008





They sucked today making it a very sucky week for them.

Friday Morning Thought 5/9/2008

Since the market bottom - we have not had two bad days in a row. Just a thought.

Thursday, May 8, 2008

Thursday Trade Review 5/8/2008

I am tired - very tired. Everybody can laugh at this but based on medical test results from a couple of days ago my doctors are messing with my meds again. It is a never ending battle it seems. You mess with A then B goes crazy. You adjust B then C goes crazy. Adjust C and A goes crazy. Lots of funny for me. The best thing is these drugs are not because I am sick. It is amazing feeling well this long. That is really weird to say.
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I traded ok today. Left a lot of money on the table. Did not get the proper share size on about half my trades. I put two trades that would have made me good money +200 on each. I did pull 3 other trades that would have never have been hit.
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I know I whine a lot but me process is slow. Reviewing my trading and having so other traders get on my case, I tried to access where I am.
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So: my trade size is up and getting closer to where I want it be to be. I would say it is about 2/3s of the way there. I want to trade the Big mouth stocks with 500 to 1000 a piece. The slower moving ones 2000 shares.
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I want to get myself mentally ok with the idea I can lose $500 on a trade. I seems to be stuck at $150 right now. Generally, I am wrong if the stock goes against me for 30 cents. Too many times, if the stock goes a little in my favor then goes red on me, I am out.
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Most of my trades I am looking for a move of 50 cents or a profit of $250 to $500 on a trade where you get a runner every so often for a lot more. Too many times when I stock gave me a profit of $100 I was looking for the door. On the other hand, this is a lot better because I would be getting out of stocks after $30 gain in January too many times.
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Both with gains and losses, I need to sit on my hands longer. I am getting better at this but I would rate myself a 3.5 on a scale of 1 to 10. In January, I would rate myself a 2 and last year barely a 1.
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A week ago, I bitch about leave so much money on the table. This is where I also have improved. In the fall of last year, I was making trades but I could have held on to them until the cows come home and I would not make money. Now a lot of my trade ideas do work and I think I would be close to meeting my goals if I just put the trades on.
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I have learned a lot just by watching the screens. I have learned a lot from all the bloggers and books and expos out there. The most important thing I have learned is you can't copy anyone. It just does not work. I tried that last year for a while and it keeps you from growing. You can learn a lot from other but you must put it together in your head in a way that makes sense to you and only you.
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So if this sounds like an endless mind dump or just a dump or it does not make sense, f-it. I will just blame the drugs.
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The numbers:
Stocks: gross +118 net +84 shares 6200
Stock Futures: none
Forex: none

Wednesday, May 7, 2008

Wednesday Trade Review 5/7/2008

I need to call this a short day. I spent too much time on the phone about my car. I am going to a shop right now to get the est for the insurance company.
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Only made 3 trades today because of all of that. If my wife lets me today, I will do some more posting.
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The numbers:
Stocks: gross +119 net +109 shares 1300
Stock Futures: none
Forex: none

Tuesday, May 6, 2008

Tuesday Trade Review 5/5/2008

Today I spent very little time watching the markets. Someone hit my car and I was on the phone for most of the day with Insurance Agent, Police and the Lawn care people. I thought they did the damage at first.
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So I made a couple of trades and caught one of the Big Mouth Stocks and near the close we lost our Internet connection for 3 hours.
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What a crazy day - period. Maybe I can post charts tomorrow.
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The numbers:
Stocks: gross +87 net +68 shares 3600
Stock Futures: gross + 5 net 0 contracts 2
Forex: none

Monday, May 5, 2008

Monday Trade Review 5/5/2008

Painfully slow day. I spent more time away for the desk then at it. When I was here, I did not take proper advance of the rally in the Steels - my favorite sector. I placed a couple of trades but got no where. Wife is coming back from seeing her mother for close to two weeks. I need to run around and put the house back in order - wish me luck. No charts - Big mouth stocks were hard to play.
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The numbers:
Stocks: gross +24 net +12 shares 2400
Stock Futures: none
Forex: none

Friday, May 2, 2008

Friday Trade Review 5/2/2008

Today was not a good day. Made many mental errors and most of the trades I pick would not have worked out no matter how long I held them. To make matters worse, I fat fingered 4 trades today which I thing is a record for one day. Maybe I had a death wish today. I have many things to do tonight so this is it as a post. Maybe I will throw some charts up later or tomorrow.
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I am digging a hole again at the beginning of the month for the 5th month in a row - not good. I can't even saw anything about being sick because the last few weeks I have felt great. Better than anytime since last fall. I can't even say the picks I missed would have help either. My trading just sucked today - period.
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The numbers:
Stocks: gross -333 net -383 shares 9600
Stock Futures: none
Forex: none

New poll

Look to the right. If you do not like the answers - you can leave one in the comments section.

Thursday, May 1, 2008

On Second Thought..... 5/1/2008

I want to make three points about me and trading.
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One - this blog is for me. It is my trading dairy. It has my scorecard on it. It has many charts on it of mainly my trades. I am really not trying to sell anything (you can buy a book or donate if you please). I am not trying to teach but you could learn from my mistakes. Very seldom am I trying to entertain. I do not have massive link lists or music videos or attacks on other people. This blog is really for me.
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Two - I am a bit of a nut. I have had some events in my past where I survived things that no human being should have. I died once for a brief moment if I understand others versions of what happened. I was in a marriage for 13 years that I was basically mentally/emotionally died. Once I got out of it, I learned to be alive again. One thing I learned if you are happy "show it". If you are in love, should it. If you are pissed, show it. Why do I bring this up? When I am pissed that I made a bad trade, missed a trade or got scared out of a trade, I let the world knew about. I type about it chat rooms and tell anyone near or I just just scream while at my desk (yes it freaks my wife out). I do same in racket ball. After many games, I have no voice. There is a reason I do not. I get most of the feeling out both when I trade and play racket ball. A lot of people who play me or are a part of my trading think I am always pissed or stress out. By bitching, screaming or swearing, I calm my self down to continue to trade and play.
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Three - maybe I am not a complete idiot with trading. After the end of trading today and posting my blog entries, I thought about my trades. It dawned on me that over the last 5 trading days, I have identified trades that could have made profits of over $10,000. Before everyone jumps and says oh the would, of could of, should of crap. While these are all trades I wrote about or placed orders for. The 10k is not saying if you pick the very low and the very high. If you did that, the trades would net you close to 16k maybe 20k. Now if you say, OK you never trade your ideas correctly. Let us say I still screw up and only capture 1/3 to 1/2 of the profits. That is still 3k to 5k in 5 days. I can live with that or I should say I could live on that. The only point left is I need to do it.
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Now if all of what you just read you think is a lot of BS - I do not care because this is my blog and it is for me (but please donate anyway).

Thursday Yes I am still an idiot Trade Review 5/1/2008




I made 10 trades today. 9 out of 10 went in my favorite $50 or more before going against me by $100. 7 out of 9 went over $150 in my favorite before going against me by $100. I could take profits of over $300 on 3 trades. I could take profits of over $700 on another and over $1200 on another.
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Why the fricking hell did I only make $80 today? I am a complete idot when it comes to trading. I got out on a few of these trades because they went no where for 5 to 10 minutes. Got out of another with a fear of a double bottom bounce. Got out of a couple thinking small profits would become loses. And finally, a 10 second 30 cent drop scared me out on another.
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I made my broker very happy today. My goal right now is to make $3000 a month. I could have done it today and went golfing until June. On top of that, I missed one of the Big Mouth Stocks by 3 cents that could have net another $200-300. Not including the normal missed trades that seemed to mainly go in my favor.
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The numbers:
Stocks: gross +117 net +80 shares 3600
Stock Futures: none
Forex: none

Thursday Big Mouth Stocks 5/1/2008


Very frustrating on these. Last 3 days it has been next to impossible to make money off these after having a string of four days where they were minting money.

Woulda Shoulda Coulda 5/1/2008

I have 4 major problems as a trader:
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1) I get into too many of my trades late.
2) I do not let my winners run often enough.
3) I do not look at the big picture often enough.
4) I have tunnel vision where I only look a a couple of items instead of many.
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Last week , I posted an entry on the TG site - go short the EURO. Did I? - no. I got caught up in stocks and the EURO broke too much before I remembered it again.
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This weekend I thought gas is way too high. May is usually when gas peaks in the futures market. The gas chart is above. Did I sell it? - no.
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I guess I have one other problem as a trader - I do not trust my judgement.