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.
-
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.
-
I am glad the month is over.
-
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.

-

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

-

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.
-
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.
-
Like Stewie - I should have taken a picture of the feast.

Thursday Trade Review - the insane edition - 6/25/2009

I made some money in stocks today only to lose it in Gold futures. One of the definitions of insanity is doing the same thing over and over and expecting different results. I sit on my hands when I am in a trade that is break even. I sit on my hands for a lot of trades that I lose at. Why do I never sit on my hands during winning trades? As soon as I start winning on a trade - I need to set a timer and not touch the key broad until the timer goes off.

-

To my defense - I do sit on big mouth stocks a lot better than I do other trades. I have stats that tell me I should win shorting big mouth stocks but I do not have stats stating my other trades will be winners. I do review my trades and it should be painful if I sat on all my trades 5 minutes longer - I would be making more money most of the time.

-

I need to stop chasing parked cars too.

-

The numbers:

Stocks: gross +185 net +172 shares 2600

Stock Futures: none

Forex: none

Other Futures: gross -160 net -165 contracts 2

-

One thing is I look at - I know of a lot of trading friends who trade 25,000 a day or more. Now I made $172 on only 2600 shares. If I multiple my winnings by 10 or $1720 - I would be very happy.

Thursday Big Mouth Stocks - 6/25/2009

Not much to write about. Made a little on CKR and should have gone long on HCBK after it became a buy.

Wednesday Trade Review and Big Mouth Stock 6/24/2009

The only big mouth stock of the day and it was next to nothing. I had very little time to watch the market and made one silly trade after the fed meeting. It gained me a whole $4.
-
The numbers:
Stocks: gross +30 net +4 shares 1000
Stock Futures: none
Forex: none

Tuesday Trade Review and Big Mouth Stock 6/23/2009

The top chart is of the YM futures. I have no idea why I only trade break outs and break downs after news. I have been getting killed most of the times doing this. I have a system of crossover moving averages using a 89 tick chart. The signals are so much better. Why am I not using that?

-

The second chart is the big mouth stock of the day. A thing of beauty for trading it short. I caught it for some money but I did not follow the plan again. I try playing these in 50k positions. So CTV is a 24 dollar stock, I should be short about 2000 shares. My first short was 300 shares then I added 200 and finally added another 500 once it broke below 24. I seemed like a had a good winner on my hands. The spread was 4 to 8 cents and it is a thin stock. I got scared quickly and covered 1/2 at 23.90 and once it looked like it bottomed - I covered the rest at 23.60.

-

Now I should have played it this way. My first short should have been 500 shares and on the open pop, only my first order was filled at 24.20. I had orders to short more at 24.35 and 24.55. That first order should have been 500 shares too. As the stock got no where fast - I should have hit it with another 500 shares around 24.10. My final add should have been under 24 meaning I was adding to a winner as it was falling. My cost for the 2000 shares should be around 24.12. My stop should be at 24.15 once the stock broke 24. My goal for peeling half would be filling 1/2 of the gap or about 23.60. My other goal would be a 5 minute reversal, a trailing stop or the gap being filled. I think I would have covered the other half at 23.50. I should have made $1200 instead of the $300 I made.

-

I had a couple of other trades that I cut short too. It could have a big day fixing the two trades above.

-

The numbers:

Stocks: gross +441 net +401 shares 8000

Stock Futures: gross -220 net -238 contracts 8

Forex: none

Monday Trade Review 6/22/2009

No Trades and No Big Mouth Plays - can't get any more boring then that. Like I said things have changed in my life were there will be a lot more days where I can not trade.
-
The most exciting things is I posted a comment on Don Miller Trading Journal and I am wondering if he will approve it.

Friday Trade Review 6/19/2009

Like I said earlier in my posts. Things have happened to reduced the time I can watch the markets. I got to see the open and that was about it.
-
The Big Mouth Stock was RFMD but priced at 3 and change - that was impossible to play.
-
The numbers:
Stocks: none
Stock Futures: gross +30 net +21 contracts 4
Forex: none

Thursday Trade Review 6/18/2009

Above is the big mouth stock for the day. I tried to play it but there was not enough of a pop on the open then the insurers started to run like crazy. I did not do much today again.
-
The numbers:
Stocks: gross -25 net -40 shares 3000
Stock Futures: none
Forex: none
Other Futures: gross +100 net +94 contracts 2

Wednesday - No Trades - No Big mouth stocks 6/17/2009

Watch the open but did not make a trade today.
-
If you need a Denarii fix - you can read my lastest Forex posting at the Trading Goddess website.

Tuesday Trade Review and Big Mouth Stock 6/16/2009

The top chart is the only big mouth stock of the day. Did not get filled and I was not trying too hard. CRM can be tricky. The middle chart is my f-up of the day. I picked a nice bottom to get short. And the last chart is my only good trade of the day. I sat longer with a losing position than I normally would so I am proud of myself. Need to grow that internal timer length with the summer being here.

-

The numbers:

Stocks: gross +17 net -7 shares 5000

Stock Futures: none

Forex: none

Monday Trade Review and Big Mouth Stocks 6/15/2009

I only traded two stocks today and they were both big mouth stocks and both are on the chart above and I only had time to trade the two.

-

The HBAN was a mental nightmare from the point I did not follow my plan and instead focus on the possible loss. That drained me. I still was able to turn a profit but it could have been a really good day.

-

The Numbers:

Stocks: gross +98 net+65 shares 6666 (scary number)

Stock Futures: none

Forex: none

Friday Trade Review and Big Mouth Stocks 6/12/2009

The big mouth stocks are above. I screwed up PPG.

-

I lost a little money today not watching things carefully. I need to get completely back on the horse and start trading again like I did 4 weeks ago. The big mouth stocks have become easier to make money off of.

-

I know people hate my whining but a lot of changes both good and bad for me are happening and pulling me in all directions. I am very frustrated at my body both from a blood pressure stand point and a mental health stand point. My blood pressure meds would still the same for years and my blood pressure would be stable but my body does not seem to want to do that any more. It is becoming a fight to seek a stable level - a couple of months it trends too high then for no reason drops where I am dizzy getting out of a chair. This may stay this way for the rest of my life.

-

Mental my mood swings do not seem to have anything to do with life or sleep or eating or working out. I took a chance to level things out and they did not work out for me. There has always been a problem for my highs being to high and my lows being to low. I wanted to stabilize that too in my life but what I tried did not work out. Now my brain does not know what to do. It is hard at times to deal with because I have a good life - a great life compared to many. It is just really hard to deal with at times and the people around me sometimes do not understand. For many of of you, you have no idea what I am talking about but for some - you understand and could name what I am talking about.

-

It is just really frustrating. I love trading but there are certain difficulties on the way I am built that makes successful trading at times even harder. At other times, I also say why even try.

-

The numbers:

Stocks: gross -64 net -79 shares 3000

Stocks Futures: none

Forex: none

Thursday Trade Review 6/11/2009

I am still trading light. The top stock was a big mouth one. Next to impossible to make a lot of money unless you traded in very large size. The next two size the frustration of this market - failed breakouts.

-

The numbers:

Stocks: gross +72 net +42 shares 6000

Stock Futures: gross +100 net +90 contracts 4

Forex: none

Wednesday Trade Review 6/10/2009

I again did very little trading. The First chart is a big miss on my part. The second chart is the big mouth chart and my short orders where too far away from the action.

-

The numbers:

Stocks: gross+60 net +35 shares 5000

Stock Futures: none

Forex: none

Tuesday Trade Review and Big Mouth Stocks 6/9/2009

I did not trade much today. Still letting my trading head heal and allow myself to trade wimpy. I only made 4 small size trades but all 4 were winners for close to $400. I will take it. Details on the charts on how I could have done a lot better.

-

The numbers:

Stocks: gross +410 net +385 shares 5000

Stock Futures: none

Forex: none

My new $ advisor

I love this guys comments.

Monday Big Mouth Stocks 6/8/2009

Both of the big mouth stocks were simple winner today. I was not able to take advantage of them. I had things to do today that I had no control over. In fact life has thrown me a curve ball, and my trading may have have to be cut back by 2/3s or more. Just the way things go.

-

I may go to plan B and swing trade just the currencies.

-

The numbers:

Stocks: none

Stock Futures: none

Forex: none

Friday Trade Review 6/5/2009

Above is the only big mouth stock of the day. Trying to play it would have been very hard. I had so orders in but did not get filled and then my attempts at the long side did not do any thing.
-
My results continue to be dead in the water. I am trying to go slow to heal my brain and get back into the swing of things. As you can see my bread and butter plays "big mouth stocks" have sucked for weeks. They go thru this a couple of times a year. The last major time before was about 4 weeks around last Thanksgiving. At times, it is hard to get into the lemming's brain.
-
Need to stay positive and work thru this time.
-
Anyway, a wimpy gain on wimpy trading is still a gain. It is the weekend - time for some more endless painting.
-
The numbers:
Stocks: gross +85 net +55 shares 6000
Stock Futures: none
Forex: none

Thursday Trade Review 6/4/2009

I did very little today. Made a small amount on the big mouth stock and decided not to push my luck and bank the small gain. I looked over my trades for the last few weeks during my losing period and found this has been the worst streak for big mouth stocks since last Thanksgiving. The 3 weeks I was trading really well were some of the best times for shorting big mouth stocks. I wonder if these two facts have anything to do with my recent results - hum.
-
Any way, I need a small gains to get myself back into this game. My head is not screwed on right.
-
The numbers:
Stocks: gross +145 net +130 shares 3000
Stock Futures: none
Forex: none

Wednesday Trade Review 6/3/2009

My crap trading continues. I really did not trade much today. I do not know what my problem is but it continues. I am very tired. I screwed up my back this weekend and last night I had to sleep on the floor. I worked out trying to get the kinks out. Time for bed.
-
There was no big mouth stocks to trade.
-
The numbers:
Stocks: gross -80 net -85 shares 1000
Stock Futures: gross -200 net -210 contracts 4
Forex: none

May Monthly Numbers

My May monthly numbers:
-
Wins: 72 Losses: 44
Avg Win: 67.40 Avg Loss: -90.89
Gross Trading: 854.00
Commissions: -913.23
Net Trading: -59.23
Biggest Win: 511.00
Biggest Loss: -835.00
Data Fees: -69.00
Interest: 0
Account Net: -128.23

Tuesday Trade Review 6/2/2009

Today was not an easy day to trade and I did not help matters. My brain was mush and I just could not get into the day. I had a few opportunities to do good as you can see above. I saw gold stocks doing well and I tried a few. I picked the best one - GG - but it was just enough of a correction to knock me out before it went on a tear. NYX was a new type of trade for me. I assume in the summer were is going to be more false breakouts/breakdowns. I was right but too close to my time I had to leave. I should have put in a stop and risked only 10 cents. i would have been able to look at the market an hour later and the trade would have worked.

-

The numbers:

Stocks: gross -67 net -102 shares 7000

Stock Futures: none

Forex: none

Tuesday Big Mouth Stocks 6/2/2009

The big mouth stocks for the day and they sucked. I tried selling BJ but did not get filled.

Monday Trade Review and Big Mouth Stock 6/1/2009

Above is the only big mouth stock for today - it worked okay but I hate recent IPOs.
-
My day was quiet. I did not want to push my luck unless I saw a very good setup. I did next to nothing.
-
The numbers:
stocks: gross +19 net -6 shares 5000
Stock Futures: none
Forex: none