I have not posted much about these recently. Here are the two from Friday. If you traded them correctly and traded 500 to 1000 shares a piece, the results should have been about a plus $3500 for the month. 24 Trades - 13 wins - 6 losses - 5 break even. It is not an easy system to do. Every so often it will hand you a really big loss and you must have guts to play it.
I did not have much time to trade the market as usual on Fridays for me. I did one trade in RIMM and made some coin. I hate trading RIMM. I never seem to make money on it or its bad brother AAPL. I was late into the trade and late out of the trade (or too early out if I could catch the next leg down).
I did a good job of going long on tops of moves today. Somehow I did not take any really big losses. Just a pissy day in so many ways.
Two of my trades are above in X. My happy feet made a good day into an okay day. Crap.
A couple of my trades above. I still had happy feet today. I would have made more money if I just sat on my trades a little longer but I am regaining my trading feet again.
I did not have much time to watch the market today. I did try to short a Big Mouth stock with a little success. That is the chart above.
You can read the comments on the chart to see how I battled JPM for half the day. The game is a game of inches. Today I got top ticked on a stop of a short of the Dow futures. The the Dow dropped 45 points - pisser. One of the great frustrations of this game. This week I bought when I meant to sell. I missed typed a couple of orders wrong and I placed two stops too close by a tick or two. Take all that into consideration, I would be having a great week instead of down a small amount. This shit drives me crazy.
I did not trade today but this song keeps going through my head. I normally do not post Music Videos but what the hell. Somehow this song always reminds me of Dinosaur Trader - wonder why? Maybe he will put me back on his Blog List one day. It might also even freak or hehe creap him out to know that I saw Radiohead soon after they went on tour when this single came out many years ago.
The above chart was how I started my day. I did get out of the hole quickly and to a $200 gain only to pick a bunch of stupid chop trades and end the day at plus 25.
I was going to post a couple more charts and call this post - "Woulda coulda shoulda" - but it is late and I am tired and my wife keeps yelling at me for aways pointing out what I do wrong instead of what I do right. So the bottom line of today is I made one trade and it made money just like I did on Friday. I will not mention the part where I should have not gotten freaked out and instead of making just $50 on the trade, I could have made so much more - lol.
You can not fuck up a non-trade better than what I did here. I do not know if the coffee was not working or that I had anything else wrong but good god - I could not think and type at the same time and I was afraid if I used a market order, I would get slipped 40 pips. Thank you for the comments below.
At least I did not completely screw this one up. I was quick enough to put in my starter position orders for RIO. I like to start with 500 then as it goes in my favor - add more in pieces of either 500 or 1000. Things were moving fast enough where I did not add but it turned out to be an okay trade - my only trade of the day.
Two trades I took above. The COST worked out nicely. I wondered why I did not get into it early. The NAT trade sucked but I had nothing to cry about. It was a hard day to find trades.
Stupid - watching the EURO last night with the simple trade idea in my head to go long the EURO if it trades above 1.40 and short a new low (1/2 position) and add on a break under 1.38 (another 1/2 position). I hate putting trades on overnight and I sat on my hands.
I badly need to not to focus on only one trade. Watching trades too closely gets me in too much trouble too many times when I try to micro manage each of them. I need to peel off parts too.
