Saturday, August 30, 2008

Life Sucks - Period

I am going on vacation for a week. When I come back I do not know if I will continue trading or not. If or when I next trade, I do not know if I will post my results. Maybe I will just post my market thoughts from time to time.
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I did not blow up. In fact I am up a small amount for the year and made 4k last year and 7k the year before. It is the fact I am getting no where while I have been at this full time for nearly a year and it is frustrating the shit out of me where I can no long function. Something has to change before I do something really stupid.
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Good Bye until next time.

Friday, August 29, 2008

Friday Trade Review 8/29/2008

The Numbers:
Stocks: gross +12 net -31 shares 8600
Stock Futures: gross +45 net +15 contracts 12
forex: none

Thursday, August 28, 2008

Thursday Trade Review 8/28/2008

The numbers:
Stocks: gross +19 net -13 shares 5400
Stock Futures: gross -60 net -75 contracts 6
Forex: none

Wednesday, August 27, 2008

Wednesday trade Review 8/27/2008

ZZZZZZZZZZZZZZZZZ
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The numbers:
Stocks: gross +21 net +6 shares 2400
Stock Futures: none
Forex:none

Tuesday, August 26, 2008

Tuesday Trade Review 8/26/2008

Above is the only good trade I had today. It was a Big Mouth stock. After 3 weeks, two of them because of the Olympics and one from recommending lists of stocks, I believe the Big Mouth stocks are back. My second trade has DE and it never went in my favorite. I spent too much time watching it and missing a good trade in RIO. The rest of the day was dead for me.
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The numbers:
Stocks: gross +49 net +32 shares 3200
Stock Futures: none
Forex: none

Monday, August 25, 2008

Monday Trade Review 8/25/2008

This is how my day started. First trade great - sold a little early. Second trade out of greed - pick the top and got stopped out by a hair. In the process losing half of my profits on the first trade. Everything went down hill from there.
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The numbers:
Stock: gross +32 net +8 4200
Stock Futures: none
Forex: none

Saturday, August 23, 2008

Friday Trade Review 8/22/2008

Evil Microsoft hit me again. I was asked if I wanted to install updates. I did not think twice and started the process. XP service pack 3 got loaded. I took me 10 hours to recover and everything is still not running right.
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The Numbers:
Stocks: gross -8 net -56 shares 9400
Stock Futures: none
Forex: none

Thursday, August 21, 2008

Thursday Trade Review 8/212008


PITA day to trade. Main trades in the charts above. I know how many of you like pictures - especial the guys.
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The numbers:
Stocks: gross +92 net +48 shares 8800
Stock Futures: none
Forex: none




Wednesday, August 20, 2008

Wednesday Trade Review 8/20/2008

A crazy day for me because of my mistakes. I shorted RIO after it broke the first bar of the day. Then I added two more orders as sell stops below the market but instead they were limits instead. Suddenly I was short a lot more shares than I expected. Need to change the stop order. A course I fucked that up too. Instead of just changing the share amount, I deleted the order and was going to enter a new. Why? - I have no idea. So RIO blows thru the stop area before I get the order in and I was looking at a $400 loss less than 10 minutes into the day. What do I buy? Short some more shares. Stupid and then I got my stop in. I cover here and there and here. Short some more and cover some more. After that stupidity, I made a couple of more trades and got back in black and hardly traded in the afternoon. Broker very happy.
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The only thing I take out of this day is I did not fold my tent after the first ten minutes and go home.
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The numbers:
Stocks: gross +77 net +19 shares 11,600
Stock Futures: none
Forex: none

Tuesday, August 19, 2008

Tuesday Trade Review 8/19/2008

Very boring and I missed the few trades out there.
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The numbers:
Stocks: gross +35 net+7 shares 5600
Stock Futures: none
Forex: none

Monday, August 18, 2008

Monday Trade Review 8/18/2008

I am getting really burnt out. I can't even find a way to enter orders. I screwed up twice today. Many give me all types of ideas to enter orders but I am just a lost cause.
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The chart is RIO my current favorite stock to trade. I wanted to short at 25.53 but saw a huge bid at 25.50. I instead put my starter position in as a sell stop at 25.49. I got filled. RIO started going sideways and a little up. I added at 25.55 - doubling my shares with a close stop of 25.59. I hate adding to losers. I also had at this time another sell stop to add under 25.44 to double my position again. It got filled. It many times when RIO breaks more than 15 cents in two minutes, it bounces hard so I had a buy stop to cover 3/4s of my position at 25.39 or I thought. Instead I had an order to buy a lot more shares then I had shorted. Once I was filled I noticed the mistake and sold them quickly but a 1/4 of my profit was gone. Looking back I was just plain stupid to cover in the first place.
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To screw with myself even more, I wanted to short a stock but I went long instead. I sold quickly but lost a couple of bucks. Then the stock fall where if I had shorted, I would have made good money. On the first rally of the stock, I shorted it and quickly lost a chunk of money.
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Not doing those dumb mistakes with the revenge trade cost me a nice day. I should have been up $400 to $500. Stupid me.
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The numbers:
Stocks: gross +106 net +64 shares 8400
Stock Futures: none
Forex: none

Friday, August 15, 2008

Friday Trade Review 8/15/2008

A total garbage day. A couple of trades and nothing to write about. All the real money was made in the first 15 minutes of trading. None by me.
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The numbers:
Stocks: gross -45 net -55 shares 2000
Stock Futures: none
Forex: none

Thursday, August 14, 2008

Thursday Trade Review 8/14/2008

My head is spinning. I went insane today and made so many mistake out of haste. I did revenged traded a couple of times - once worked, other two times screwed myself. Just went nuts. I made 17 trades and did more shares in one day in over a year. I am too tired to chart and I have family matters to get to.
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The numbers:
Stocks: gross -10 net -108 shares 19,100
Stock Futures: none
Forex: gross -80 net -85 1 big contract

Wednesday, August 13, 2008

Wednesday Trade Review 8/13/2008

My DE trade was best of the day. I am continuing to have success this month but I leave tons of money on the table not holding on to positions and still too many of my positions are chicken size. I had a $800 move in RIO that I made $20 on. On a CAT trade I made $60 when the move went $200 and my size should have been doubled. I got out of JPM and CSIQ at small losses where if I held them thru the $150 stop loss as I had planned, they both would have done well.
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I was looking over my stats from the past and seldom did I have a plus or minus day more than $100. Now most of my days are plus or minus over $100. Seldom did I have trades making of losing $50. Now each day I have a couple. I need to continue to push myself and sit on my freaking hands.
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The numbers:
Stocks: gross +252 net +214 shares 7400
Stock Futures: gross +30 net +25 contract 2
Forex: none

Tuesday, August 12, 2008

Tuesday Trade Review 8/12/2008

I screwed this day up royally. Wrong stop placements. Pulling orders. Being pigheaded. Above is a good example where I screwed myself.
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The numbers:
Stocks: gross +100 net +77 shares 4200
Stock Futures: none
Forex: none

Monday, August 11, 2008

Monday Trade Review 8/11/2008

The chart said it all. It has my best (badly done), my worst trade (same as my best trade) and the trade I should have not missed. I made a bunch of small trades in RIO but overall it was a quiet day for me.
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I does pissed me off I have watched the EURO closely but unable to make any money off of it.
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The numbers:
Stocks: gross +211 net +175 shares 7200
Stock Futures: none
Forex: none

Sunday, August 10, 2008

Currency Markets

EUR/USD - Euro
AUD/USD - Aussie Dollar
GBP/USD - British Pound
USD/CAD - Canadian Dollar
USD/JPY - Yen
USD/CHF - Swiss Franc
This is one of my most painful posts I have ever written. The last time I posted an entry about the currencies, I was so excited feeling that I timed my post at the perfect moment. In that post, I thought the US Dollar was just about ready for its next leg down. Five of the Six major currencies had trade setups I like. This was the most since last year.
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Boy was I wrong. The US Dollar was had a massive run 2 and 1/2 week against everything. Now I do not know for certain, but this could be a major turn in the Dollar for the next couple of months or even years. I hope so. I want to go to Europe some time soon.
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The mode is now to look for retracements of this run to get long the Dollar. This could put pressure on US Stocks that get the bulk of their earnings from overseas and Oil's rise has also been blame partially on the Dollars fall. This could change. Who knows- maybe all we have to do is get those tire gauges and pumps and the energy crisis will be solved.

Friday, August 8, 2008

Friday Trade Review 8/8/2008

One nice trade in NUE. I got in at the right time, had the right size (500), held thru a short amount of pain and then peeled shares off when the market gave me reason to. Why can't I do this all the time on both my winning and losing trades. I should give myself some credit - I now do this about 20% of the time when a couple of months ago I never did it.
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The other trades were just crap. I had two quick trades in TRA and MOS - both should have been with 300 shares instead of 100 and I only took 15-20 cents when both could have easily netted 50.
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The numbers:
Stocks: gross +166 net +147 shares 3400
Stock Futures: none
Forex: none

Thursday, August 7, 2008

Thursday Trade Review 8/7/2008


The charts have the details.
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The numbers:
Stocks: gross +108 net +89 shares 3600
Stock Futures: none
Forex: none

Wednesday, August 6, 2008

Wednesday Trade Review 8/6/2008

Never got into the day. No good trades or bad trades just nothing trades.
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The numbers:
Stocks: gross -8 net -29 shares 4000
Stock Futures: none
Forex: gross +12 net +7 4 minis

Tuesday, August 5, 2008

July Monthly Numbers

My July monthly numbers:
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Wins: 73 Losses: 49
Avg Win: 37.03Avg Loss: -53.18
Gross Trading: 97.00
Commissions: -564.48
Net Trading: -467.48
Biggest Win: 245.00 Biggest Loss: -200.00
Data Fees: -58.00
Interest: 107.73
Account Net: -417.75

Tuesday Trade Review 8/5/2008

Finally a good trade to talk about but I am still disappointed in it. I saw all the steels falling apart but RIO so I want to short the crap out of it. I could not move fast enough and only got 1500 shares off and at a price a little lower than I wanted. My default setting is 500 on my IB platform. I was able to remember to peel. Something I am not good at yet. My net was close to $400.-
The rest of the day I treaded water on a bunch of nothing trades. Two of them, I should have sat on my hands with. Maybe one day.
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The numbers:
Stocks: gross +407 net +382 shares 4400
Stock futures: none
Forex: none

Monday, August 4, 2008

Monday Trade Review 8/4/2008

The Numbers:
Stocks: gross +48 net +43 shares 1000
Stock Futures: none
Forex: none
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Enough said

Friday, August 1, 2008

Friday Trade Review 8/1/2008

A couple of trades and not much to show for it. Everybody have a good weekend. I get to paint.
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The numbers:
Stocks: gross +25 net +10 shares 2800
Stock futures: none
Forex: none