Thursday, April 30, 2009

Thursday Trade Review 4/30/2009

Above are the details of my insane day playing the big mouth stock of the day. A course the other big mouth AEM, would have been super easy but I did not look at it. The rest of my trading day was nothing to talk about.
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This also was the 7th day in a row I have had problems with my Trade Station data feed and I am sick of it.
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The numbers:
Stocks: gross +81 net +56 shares 5000
Stock Futures: none
Forex: none

Wednesday, April 29, 2009

Wednesday Trade Review or a short lesson on how not to trade the YM futures - 04/29/2009

If I remember the saying "you should learn from your mistakes" or "don't do the same mistake twice" or "you are a f... idiot" - some thing like that. While I made the same mistake in the YM I did yesterday. The YM futures stalled at my buy point and just hang there long enough to convince me that the trade was no good. A course seconds later it turned out to be a good trade, possible great trade with out me. The rest of my trades were garbage.
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The numbers:
Stocks: gross +80 net +65 shares 3000
Stock Futures: gross +30 net +20 contracts 4
Forex: none

Tuesday, April 28, 2009

Tuesday Trade Review 4/28/2009

Never really got with the market today. Made a couple of trades and a couple of bucks. I should have held on to my YM trade longer instead of giving up on it. See chart.
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The numbers:
Stocks: gross +116 net +96 shares 4000
Stocks Futures: gross -30 net -40 contracts 4
Forex: none

Tuesday Big Mouth Stocks 4/28/2009




These 3 stocks are the big mouth stocks for Tuesday. If you tried shorting on or near the open, it would not have been a pretty site today. A method I do not write about often but comes in handy if used, is to buy the big mouth stocks if theybreak their HOD say after 10 am. I try to short the stock in premarket, on the open or any pop with in 10 minutes of the open. After that I give up on the short side, but if the stock does not want to go down then it must want to go up.


Monday, April 27, 2009

Monday Trade Review "BINGO" 4/27/2009


Finally I traded one of the big mouth stocks the way I know how and how I had done it in the past. I shorted 1000 on the 8 am open of many brokers premarket and got some nice fills. My goal as long at I did not take any heat to sit on the position thru the entire premarket session. And I did.
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In hindsight, I could have gone into and out of the stock multiple times for a profit but I was determined to sit on my hands and then add to my position on the open. I put my orders in and got filled 700 out of 1000. My position was 1700 and my target 13.60. My cost was about 14.30 so if I hit my target we were talking about an $1200 gain.
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I knew I would not make that because the plan was to peel some and then protect the gain with a stop loss. I peeled and moved stop and peel a little more and moved the stop and I was going to peel again but hit the wrong order and closed out the position very closed to the low. I was very happy and made $800.
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I only made one other trade of note. Too many people were after my attention to trade much but it was a happy day for me.
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It was my best day in a very long time and the longest I have held a trade I think in two years. I wonder if that means something.
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The numbers:
Stocks: gross +875 net +848 shares 5400
Stock Futures: none
Forex: none

Sunday, April 26, 2009

Fridays Trade Review 4/24/2009

A crazy weekend of things for me - nearly forgot to put my Friday results up. Here there are and nothing to write home about about. Also there was no Big Mouth Stocks either.
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Again, I can not understand my brain at all but a certain fun to trading has come back. It is weird how the mind works and I have little understanding of my at times.
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I have been reading the book "The Daily Trading Coach". One of the things Brett said if you have a problem in trading - do something outside of trading to conquer that problem. I have too much fear in my trading so what did I do? I have a fear of heights and bungy jumped for the first time in my life. I am dealing with my fear outside of trading which I hope will help me deal with my fear inside of trading.
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Any way the book is great and I would recommend buying a copy. You can click on the link to the right to go check it out.
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The numbers:
Stocks: gross +30 net +15 shares 3000
Stock Futures: gross +50 net +40 contracts 4
Forex: none

Thursday, April 23, 2009

Thursday Trade Review 4/23/2009


Qcom was my pain in the ass stock today. I could have traded so much better. Made a little money on COP. I could have done better there trading it in waves. I missed a little in WFC and I did make some off the Big Mouth stock below. Again I could have traded that a lot better. In other words, if you have not figured it out by now, I could have traded a lot better today.
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The numbers:
Stocks: gross +43 net +31 shares 2400
Stocks Futures: none
Forex: none

Thursday Big Mouth Stock 4/23/2209

Another great Big Mouth stock but I managed to get little out of it. A big rookie mistake. I allowed someone to bother me at the open.

Wednesday, April 22, 2009

Wednesday Trade Review 4/22/2009



Yesterday it was BK, today it was CAT. The CAT trade came so close and I freaked at the last second on it. It could have been a big home run. I am trying something different. If I see a trade and I do not have enough time to do my limit order, my default order is now a market order. Plus I am not going to screw around with share size. My orders will be in pieces of 500 a pop which is my default size.
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I have missed too many things by being too cute about where I place my order and for how many shares. It was nerve racking today but in a weird way I had more fun trading than in a long time. I am beginning to give my trades more time to work (5 to 10 minutes instead of 5 to 10 seconds - lol) I believe I need to be more patient or force myself to re-enter a trade if after I get out, it acts like I had expected it to.
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Hopefully, jumping off a tall building has somehow messed with my brain in a positive way and I can regain my trading sprite of many years ago before I allowed life to beat me up and I became a trading wimp.
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The numbers:
Stocks: gross +134 net +99 shares 7000
Stock Futures: none
Forex: none


Wednesday Big Mouth Stock 4/22/2009

Damn - I was stupid not to even take one look at this one today.

Tuesday, April 21, 2009

Tuesday Trade Review 4/21/2009

I saw the turn around of the banks early in the day and thought that was the place to be. I traded BK a couple of times and it should have been more. I was the perfect stock to keep adding and peeling all day long.

I somehow did I super rookie mistake and then let it piss me off missing the opp to jump back in. The details are on the chart.
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The numbers:
Stocks: gross +59 net +34 shares 5000
Stock Futures: gross +20 net +10 contracts 4
Forex: none

Monday Trade Review 4/20/2009

Another boring post.
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The numbers:
Stocks: gross -76 net -86 shares 2000
Stock Futures: none
Forex: none

Saturday, April 18, 2009

Fridays Trade Review 4/17/2009

My life is a little nuts right now so again no charts. There has been no Big Mouth Stocks this week and the ones while I was on vacation where no big deal. I feel finally feeling well today after being sick for a week . Hopefully I will catch up on life and post more details in the future.
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The numbers:
Stocks: gross -2 net -18 share 3200
Stock Futures: gross +20 net +10 contracts 4
Forex: none

Friday, April 17, 2009

Thursday Trade Review 4/16/2009

The numbers:
Stocks: gross +77 net +64 shares 2600
Stock Futres: none
Forex: none

Wednesday, April 15, 2009

Back from vacation trying to trade a little. 4/15/2009

Here is a chart of my first trade being back from vacation. I am sick and spent more time sleeping than anything else. I did watch the market and traded a little here and there to get my feet wet again. Being this sick, I think I should have just stayed in bed.
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The numbers:
Stocks: gross +101 net +86 shares 3000
Stock Futures: gross -100 net -120 contracts 4
Forex: none

Tuesday, April 14, 2009

The Jump


So a picture (worth a 1000 words) instead of the video. Maybe one day I can upload the video. I am too sick to after getting back from Taipei/Hong Kong/Macau at 1 am this morning.
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The Macau Tower offers the highest commercial Bungy jump in the world. Even thou I am scared to death of open air heights like even 10 feet up on a ladder, I made the jump. It was the craziest thing I have done in years and I have done my share of crazy things.

Thursday, April 9, 2009

NEWS FLASH - New Jersey Man jumps off buliding

HONG KONG (CNN) - A stock market day trader from New York City area (USA) distraught over loses in his personal wealth jumped off of the 61th floor of Macua's tallest building. Film at 11 (if our tech guy can figure out how to upload the damn video).

Tuesday, April 7, 2009

March Monthly Numbers

My March monthly numbers:
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Wins: 50 Losses: 32
Avg Win: 37.68 Avg Loss: -51.66
Gross Trading: 782.00
Commissions: -379.48
Net Trading: 231.00
Biggest Win: 217.00
Biggest Loss: -210.00
Data Fees: -167.95
Interest: 0
Account Net: -359.91

Wednesday, April 1, 2009

Wednesday Trade Review before running to Airport 4/1/2009

Another Big Mouth Gem above. I only took a $100 out of it when I should have taken $300. The stock is low volume and a little hard to play.
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Time to ran to airport.
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The numbers:
Stocks: gross +114 net +100 shares 2800
Stock Futures: none
Forex: none